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UAE-Norway energy partnerships in the pipeline: Several agreements and MoUs were signed between Emirati and Norwegian firms during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s meeting with Norwegian Prime Minister Jonas Gahr Støre, Wam reports. The talks centered on enhancing economic, trade, and investment cooperation across key sectors.
First up, Masdar: The state-backed renewable energy firm signed a strategic framework agreement with Eqinor to strengthen collaboration on existing projects, such as the Hywind Floating Wind Farm in Scotland. The company also signed an MoU with fertilizers manufacturer Yara to explore investment opportunities along the Power-to-Green Ammonia value chain
There’s more: Masdar inked another MoU with Aker Horizons focusing on joint development and investment in the Power-to-Green Hydrogen value chain to decarbonize hard-to-abate sectors. The company also inked an agreement with Aker-backed ICP Infrastructure to identify green energy infrastructure investments in Europe, including possible collaborations in renewables in the Nordic Region.
Adnoc also got in on the action: The Abu Dhabi National Oil Company (Adnoc) inked a strategic cooperation agreement with Norwegian state-owned Equinor to team up on sustainability projects by leveraging their expertise in carbon capture and storage, low-carbon hydrogen and the marketing and trading of low-carbon intensity oil and gas.
