Austria’s Verbund taps Masdar for green hydrogen imports: UAE renewables developer Masdar inked an MoU with Austrian utilities company Verbund to co-develop green hydrogen for Central Europe, according to a statement. The two companies will work together to produce and export green hydrogen to Central European countries, with a focus on Austria and Southern Germany.

The second GCC company tapped by Verbund for hydrogen imports: Tadawul-listed Acwa Power signed an MoU with the Austrian firm three weeks ago to explore the developments of green hydrogen projects in MENA for export. The green hydrogen produced would be distributed by Verbund in Central Europe, also with a specific focus on Austria.

One of many Masdar green hydrogen export plans to Europe: The Mubadala-owned firm signed an agreement with Germany’s Uniper last December to develop a green hydrogen plant in the UAE powered by 1.3 GW of solar energy. The plant is expected to generate green hydrogen by 2026 and the EU wants to import the clean fuel the facility will generate. The UAE-based firm also signed an agreement with the Port of Amsterdam, and Dutch firms SkyNRG, Evos Amsterdam, and Zenith Energy to explore the possibilities of green fuel exports to Europe on the sidelines of the Abu Dhabi Sustainability Week.

Where’s all that green hydrogen coming from? The renewables developer is aiming for a renewable energy capacity of at least 100 GW by 2030 with a production quota of up to 1 mn tons of green hydrogen. It ultimately plans to expand its renewable energy portfolio to over 200 GW, a company statement notes, without giving a time frame for this target.

About Verbund: The company operates hydroelectric plants in Austria and Germany — collectively handling some 130 facilities in both countries — and sourcing some 95% of their energy from renewable hydroelectric power, according to a company statement.