Masdar has announced it will explore renewable and green hydrogen opportunities with Norwegian energy developers.

The Abu Dhabi Future Energy Company secured agreements with Equinor, an ICP infrastructure firm backed by Aker Group to explore investment opportunities, a second agreement with Aker Horizons Asset Development, and Yara.

Under a Strategic Framework Agreement with Equinor, the two companies want to “enhance collaboration” on existing projects such as Hywind and explore further opportunities.

The deal with Aker Horizons could see them jointly develop and invest in prospects along the power-to-green hydrogen value chain, with the hard-to-abate sectors as the target. With Yara, they will “explore collaboration and investment opportunities along the power-to-green ammonia value chain, with green hydrogen at its core.”