Masdar, Verbund to explore green hydrogen plant in Spain

Masdar, Verbund to explore green hydrogen plant in Spain

DUBAI / WAM Abu Dhabi Future Energy Company (Masdar) and VERBUND Green Hydrogen GmbH have signed a deal to explore developing a green hydrogen plant in central Spain and drive efforts decarbonise Europe’s hard-to-abate sectors. As world leaders negotiate at the UN’s Climate Change Conference COP28 in the UAE, clean energy pioneers Masdar and VERBUND ...

DUBAI / WAM

Abu Dhabi Future Energy Company (Masdar) and VERBUND Green Hydrogen GmbH have signed a deal to explore developing a green hydrogen plant in central Spain and drive efforts decarbonise Europe’s hard-to-abate sectors.

As world leaders negotiate at the UN’s Climate Change Conference COP28 in the UAE, clean energy pioneers Masdar and VERBUND Green Hydrogen GmbH moved forward with plans to analyse the feasibility of building one of Europe’s largest green hydrogen production plants in central Spain.

Harnessing the abundant renewable resources of Castilla-La Mancha region, the prospective plant will aim to generate green hydrogen to cover industrial demand in Spain and Central Europe. The study will evaluate if green hydrogen produced at the plant has the potential to displace up to 1 million tonnes of carbon emissions annually, equivalent to removing around 700,000 cars off the road every year.

The agreement was signed by Mohammad Abdelqader