Monday, May 23 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
Week of Apr 18
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Masdar, Cosmo sign MoU for green energy projects in Japan

    January 24, 2022 - SeeNews Renewables


      January 24 (Renewables Now) - Abu Dhabi’s renewable energy company Masdar and Japanese firm Cosmo Energy Holdings Co Ltd (TYO:5021) have signed a memorandum of understanding (MoU) to partner in offshore wind, hydrogen and other green energy projects in Japan.

      The MoU was signed last week in a virtual ceremony during Abu Dhabi Sustainability Week (ADSW) 2022.

      The companies said they would consider joint projects in offshore wind, hydrogen and ammonia, carbon capture, battery storage and energy trading.

      "Japan’s decarbonization is accelerating and all companies have been asked how to develop required technologies in the future decarbonized society. The collaboration with our longstanding partner Masdar, one of the leading companies in this field, provides wonderful opportunities to advance this initiative," said Hiroshi Kiriyama, Representative Director, Group CEO of Cosmo.

      For Masdar, this is a great opportunity to expand its activities in Asia, which CEO Mohamed Jameel Al Ramahi said was a market of key strategic importance for the company.

      Japan has set a net-zero emissions goal for 2050. It wants to install 10 GW of offshore wind by 2030 and 45 GW by 2040.

      Near the end of 2021, Abu Dhabi National Energy Company PJSC (TAQA) and Abu Dhabi National Oil Company (ADNOC) joined Mubadala Investment Company (Mubadala) as shareholders in Masdar. Calling itself a "global clean energy powerhouse", the company aims to build 50 GW of green energy projects by 2030.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.