Masdar has signed a joint development agreement with the Jordanian Ministry of Energy and Mineral Resources to develop a 1 gigawatt (GW) wind project with a battery energy storage system (BESS), and a memorandum to explore the feasibility of establishing a green H₂ plant.

The study will examine the feasibility of establishing a green H₂ project near The Port of Aqaba to produce the most cost-competitive H₂, utilizing desalinated seawater and dedicated renewable power.

Masdar Chief Executive Officer, 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.”

HE Dr. Saleh Al-Kharabsheh, Minister of Energy and Mineral Resources in Jordan 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.”

HE Dr. Saleh Al-Kharabsheh said, “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 already has a presence in Jordan through its Baynouna Solar Energy Company (BSCE) joint venture with Finnish investment and asset management group Taaleri, which inaugurated the 200-MW Baynouna Solar Park, the largest clean energy project in Jordan, in February of this year.

Masdar is pursuing a target of 1 MMt of green H₂ production by 2030 as part of the UAE’s plans to establish itself as a green H₂ hub and capture 25% of the global low-carbon H₂ market by 2030.

As the UAE’s clean energy powerhouse and one of the world’s fastest growing and leading investors in clean energy, Masdar is at the vanguard of advancing the development and deployment of renewable energy and green H₂ technologies to address global sustainability challenges.