UAE Government owned renewable energy company Masdar has signed an agreement with the International Finance Corporation (ICF) to achieve hydrogen breakthroughs.
The two companies will explore areas of collaboration to support climate action for emerging markets such as green hydrogen, renewable energy and green finance.
Under the agreement, Masdar and the ICF aim to establish green hydrogen platforms for emerging markets, and potential collaboration on bankability and structuring issues for African renewable energy projects.
At the recently conducted Abu Dhabi Sustainability Week 2023, Masdar announced the signing of deals for projects with a combined generation capacity of 5GW across Angola, Uganda and Zambia.
