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
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