ICP Infrastructure and Masdar sign MoU on green energy infrastructure in Europe
ICP Infrastructure today announced that it has signed a Memorandum of Understanding (MoU) with Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse. The MoU is aimed at exploring partnership and investment opportunities in green energy infrastructure in Europe, including potential collaborations in renewables in the Nordics.
“We are excited about the opportunity to collaborate with Masdar, which has an impressive track record and significant ambitions in advancing clean energy solutions such as solar, wind, and green hydrogen. This MoU marks the beginning of what we believe will be a mutually beneficial partnership, allowing us to leverage each other's strengths and explore new opportunities within green energy together,” said Christian Rynning-Tønnesen, CEO of ICP Infrastructure.
Masdar Chief Executive Officer Mohamed Jameel Al Ramahi said: “Today's announcement builds on the strong bilateral relationship between the UAE and Norway, which is firmly rooted in a shared legacy of harnessing natural resources to pioneer clean energy. This agreement lays the foundations for our future collaboration with ICP Infrastructure in driving the energy transition forward in Europe and the Nordic region.”
About Masdar
Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transition and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.
Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.