Masdar to acquire a 49% stake in 140MW green hydrogen electrolyser project from OMV.

Synopsis

Masdar, a renewable energy company, agreed to acquire a 49% stake in 140MW green hydrogen electrolyser project from OMV, a provider of energy and chemical solutions. Financial terms were not disclosed.

Principals

target

Omv (140mw Green Hydrogen Electrolyser Project)

bidder

Abu Dhabi Future Energy Company (masdar)

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Market Context