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The UAE announced plans for its second large investment in the UK offshore energy sector forming a partnership with Iberdrola which is set to develop...
The United Arab Emirates has snapped up a 49pc stake in one of the UK’s largest wind farms despite soaring costs throwing the industry’s future into doubt.
The plan is to set up offshore wind and green hydrogen projects in Germany, UK and the USA
At COP28 in Dubai, global green energy giants Iberdrola and Masdar announced a €15 billion ($16.25 billion) deal to evaluate the joint development of offshore wind and green hydrogen (H2) projects in key markets.
Two clean energy giants have agreed to form a strategic partnership with the plan to invest over $16 billion in offshore wind and hydrogen projects.