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Asia

2023 12 07 09 54 17 1

Masdar and VERBUND to Explore Developing Large-Scale Green Hydrogen Production in Spain

By | Asia, News | No Comments December 8, 2023 | 6 min read December 8, 2023 | 6 min read
  • Masdar, the UAE’s flagship renewable energy company, and VERBUND Green Hydrogen GmbH, part of VERBUND group, Austria’s leading energy company, sign agreement at COP28 to explore feasibility of large-scale electrolysis in central Spain.
  • Agreement creates a 50:50 partnership for a joint study to explore the development of green hydrogen, while consolidating Masdar’s and VERBUND’s strong commitment in Spain and Europe
  • Potential green hydrogen produced could be used to decarbonize hard-to-abate industries in Spain and central Europe to meet net-zero goals.
Us to Release Hydrogen Subsidy Guidance After COP28

US to Release Hydrogen Subsidy Guidance After COP28

By | Asia, News | No Comments December 7, 2023 | 3 min read December 7, 2023 | 3 min read

DUBAI–  The U.S. will release guidance for how hydrogen producers can secure billions of dollars of subsidies embedded in last year’s Inflation Reduction Act sometime this year after the COP28 climate conference in Dubai, U.S. energy advisor John Podesta told Reuters on Wednesday.

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ReNew and Asian Development Bank Sign $5.3 Billion MoU for Decarbonization & Hydrogen Initiatives in India

By | Asia, News | No Comments December 5, 2023 | 3 min read December 5, 2023 | 3 min read
  • The memorandum of understanding, a first of its kind in the Indian RE sector, was signed at the COP28 conference by ReNew Chairman and CEO Sumant Sinha and Suzanne Gaboury, ADB Director General, Private Sector Operations
  • US$5.3 billion for decarbonization related projects between 2023 and 2028
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