Masdar is collaborating with the IFC
Masdar works with IFC on African hydrogen
UAE state-owned renewables developer and World Bank’s finance arm agree to explore establishment of green hydrogen investment platform for emerging markets
UAE state-owned renewables developer Masdar and the World Bank’s International Finance Corporation (IFC) have agreed to explore ways to jointly support investment in green hydrogen production in emerging markets, with a focus on Africa. Under a deal signed during this week’s World Government Summit 2023 in Dubai, the two parties will also potentially collaborate on financing African renewables projects, mechanisms to accelerate the rollout of distributed photovoltaics, and green finance initiatives. Masdar, the UAE’s main vehicle for renewables development, has increased its exposure to international markets in recent months with a string of projects and new strategic alliances with governme
Also in this section
27 November 2024
The clean hydrogen sector has endured a difficult year, but it will end 2024 better equipped to fulfil its long-term potential
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
