Renewable Energy

Masdar signs agreements for 1GW wind project & green hydrogen plant in Jordan

Abu Dhabi Future Energy Company PJSC โ€“ Masdar, the UAEโ€™s pioneering clean energy firm, has embarked on a groundbreaking collaboration with the Jordanian Ministry of Energy and Mineral Resources. The joint initiative aims to develop a colossal 1 GW wind project, complemented by a cutting-edge battery energy storage system (BESS). In addition, the parties have entered into a memorandum of understanding to explore the feasibility of establishing a green hydrogen plant.

The historic agreements were inked during COP28, with Masdarโ€™s Chief Executive Officer, Mohamed Jameel Al Ramahi, and the Jordanian Minister of Energy and Mineral Resources, His Excellency Dr Saleh Al-Kharabsheh, sealing the deal. The ceremony, presided over by UAE Minister of Industry and Advanced Technology, COP28 President, and Masdar Chairman HE Dr Sultan Al Jaber, also witnessed the participation of Jordanโ€™s Minister of the Environment, HE Dr Muawieh Khalid Radaideh.

The ambitious study will delve into the viability of establishing a green hydrogen project near The Port of Aqaba. This endeavour aims to produce hydrogen cost-effectively, leveraging desalinated seawater and dedicated renewable power sources.

Expressing optimism about the collaboration, Masdar CEO Mohamed Jameel Al Ramahi remarked, โ€œWith substantial wind and solar resources, Jordan has the potential to become a global powerhouse in the green energy transition. Masdar is delighted to bring our expertise in clean energy projects to help Jordan achieve its decarbonization plans and unlock the nationโ€™s enormous potential.โ€

Jordanโ€™s Minister of Energy and Mineral Resources, HE Dr Saleh Al-Kharabsheh, emphasized the governmentโ€™s commitment to enhancing the countryโ€™s role as a regional green energy hub. He stated, โ€œJordanโ€™s strategic geographical location and abundance of renewable energy sources position us as a key player in providing high-quality, cost-competitive green hydrogen fuel, with excellent access to European markets.โ€

Highlighting the importance of regional cooperation, HE Dr Saleh Al-Kharabsheh noted that the partnership with Masdar aligns with the Jordanian governmentโ€™s Economic Modernization Vision (2023-2033) and supports investment in green hydrogen production projects. This collaboration is a significant step towards Jordanโ€™s goal of transitioning to clean energy and achieving net-zero emissions.

Masdar, already present in Jordan through its joint venture, Baynouna Solar Energy Company, inaugurated the 200MW Baynouna Solar Park earlier this yearโ€”the largest clean energy project in the country. Masdarโ€™s commitment extends further, with plans to reach 1 million tonnes of green hydrogen production by 2030, contributing to the UAEโ€™s ambition to establish itself as a green hydrogen hub.

As one of the worldโ€™s fastest-growing investors in clean energy, Masdar is at the forefront of advancing renewable energy and green hydrogen technologies globally. Established in 2006, Masdar has developed and partnered in projects across six continents, with a portfolio exceeding $30 billion in combined value.

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