UAE Business: Masdar, NPCC in deal to explore clean energy projects – Gulf Digital News

  • Date: 14-May-2022
  • Source: Gulf Digital News
  • Sector:Economy
  • Country:UAE
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UAE Business: Masdar, NPCC in deal to explore clean energy projects – Gulf Digital News

Masdar, a global leader in renewable energy projects, has signed an agreement with the UAE-based National Petroleum Construction Company (NPCC), a leading engineering procurement and construction company and a subsidiary of National Marine Dredging Company (NMDC), to explore collaboration in offshore wind, green hydrogen, and other renewable energy technologies.

Masdar is a major developer and investor in wind projects, which has major stakes in global projects such as a stake in the London Array, one of the largest offshore wind farms in the world, and in Hywind Scotland, the world’s first floating offshore wind farm, which became operational in 2017.

This year, Masdar signed an agreement with Cosmo Energy Holdings Company, one of Japan’s largest energy companies, to explore the development of renewable energy initiatives, including offshore wind projects, in Japan.

The deal was signed by Masdar CEO Mohamed Jameel Al Ramahi and NPCC CEO Engineeer Ahmed Al Dhaheri at an event held in Masdar’s head office in Abu Dhabi.

The companies will initially focus on collaboration in offshore wind and also explore extending their efforts to cover other sectors, including green hydrogen production and battery storage technologies.

Al Dhaheri said NPCC continually explores new opportunities that align with its resources and engineering expertise in