[ad_1]
FRANKFURT, Dec 22 (Reuters) – German utility Uniper (UN01.DE) It said on Thursday it was involved in a project with United Arab Emirates (UAE) clean energy company Masdar to produce green hydrogen, confirming a Bloomberg report.
Following the European Commission’s lead, the Berlin government this week finalized a 34.5 billion euro ($36.55 billion) rescue plan for Uniper agree withthe nationalization was necessary as Uniper faced the risk of gas price spikes following Russia’s invasion of Ukraine.
The war has heightened Germany’s focus on security of supply and use of green energy hydrogen Produced using renewable energy in line with EU climate targets.
It expects to need imports to supplement domestic production.
A spokesman for the Dusseldorf-based company said Uniper is actively involved in large-scale hydrogen projects in the Middle East with a view to exporting hydrogen to European and Asian markets.
“There has been impressive public support for the project with MASDAR in the UAE,” the spokesman said, adding that Uniper declined to provide further details at this stage.
Masdar and Uniper will build a 1.3 gigawatt (GW) solar plant that they hope will produce clean hydrogen through electrolysis starting in 2026, Bloomberg reported, citing comments from Mohammad Abdelqadar El Ramahi, executive director of clean energy at Masdar. interview.
($1 = 0.9439 EUR)
Reporting by Vera Eckert, Editing by Rachel More and Barbara Lewis
Our standards: Thomson Reuters Trust Principles.
[ad_2]
Source link