Masdar, the clean energy giant of the United Arab Emirates (UAE), has pushed back its target to reach 1 million tons per year of green hydrogen capacity beyond 2030, the company’s press office told Bloomberg on Monday.
Masdar, which initially targeted this capacity by 2030, will now aim to reach it over the next decade, according to the press office, which did not elaborate on why plans have been deferred.
Masdar says that it is developing and investing in strategic green hydrogen projects and building scalable platforms in key markets around the world.
“Masdar seeks to be a project owner and integrator of world-scale developments along the entire hydrogen value chain,” according to the firm, whose shareholders include Abu Dhabi’s oil giant ADNOC, Abu Dhabi’s sovereign investment company Mubadala, and state utility giant TAQA.
On Monday, Masdar and EMSTEEL, the UAE’s largest publicly listed steel and building…
