UAE’s Masdar and the Jordanian Ministry of Energy and Mineral Resources entered an agreement to develop a 1gigawatt (GW) wind project with a battery energy storage system (BESS), and a memorandum to explore the feasibility of achieving a green H2 plant.
The agreement was signed by Masdar CEO Mohamed Al-Ramahi Masdar and HE. Dr. Saleh Al-Kharabsheh, Jordan’s Minister of Energy and Mineral Resources, at the 2023 UN Climate Change Conference in Dubai. The signing ceremony was witnessed and attended by UAE Minister of Industry and Advanced Technology, COP28 President and Masdar Chairman, H.E. Dr Sultan Al Jaber and the Minister of the Environment for Jordan, H.E.Dr Muawieh Khalid Radaideh.
The study will investigate and examine the efficiency of establishing a green hydrogen project near the Port of Aqaba, leveraging desalinated seawater and renewable power sources to produce cost-competitive green hydrogen.
Masdar CEO, Mohamed Jameel Al Ramahi said, “With substantial wind and solar resources that can be used to generate large amounts of renewable energy and produce cost-competitive green H2 and green fuels, Jordan has the potential to become a global powerhouse in the green energy transition. Building on the strength of our longstanding partnership, Masdar is delighted to bring our expertise in clean energy projects and technologies to help Jordan achieve its decarbonization plans and unlock the nation’s enormous potential.”
Minister of Energy and Mineral Resources in Jordan, His Excellency Dr. Saleh Al-Kharabsheh said, “The Jordanian government’s efforts continue to enhance Jordan’s role as a regional center for green energy production and provide high-quality, cost-competitive green H2 fuel by taking advantage of the abundance of renewable energy sources and our nation’s strategic geographical location in the region to provide excellent access to European markets.”
His Excellency Dr. Saleh Al-Kharabsheh further added, “That Jordan valued cooperation at the regional and national level, and that the partnership with Masdar – through the signing of these agreements – will advance the Ministry’s priorities and the Economic Modernization Vision (2023-2033) that was recently launched by the Jordanian government. This includes investment in green H2 production projects, which are part of Jordan’s initiatives to transition towards the use of clean energy as it aims to achieve net zero.”
Masdar’s Baynouna Solar Energy Company (BSCE) operates the 200megawatt Baynouna Solar Park, a joint venture with Finnish investment and asset management group Taaleri, in Jordan. The solar park stands as the largest clean energy project in Jordan.
Masdar is targeting 1MMt of green hydrogen production by 2030 along with the UAE’s plans to establish itself as a green hydrogen hub to capture 25% of the global low-carbon hydrogen market by 2030.
Positioned as one of the prominent clean energy force and a rapidly expanding, top-tier investor in clean energy globally, Masdar is at the forefront of driving the progress and utilization of renewable energy and green hydrogen technologies, with a focus on addressing worldwide sustainability challenges.