Global green energy leaders Iberdrola and Masdar announced a significant strategic partnership at the UN Climate Change Conference (COP28) in Dubai. This collaboration aims to co-invest up to €15 billion in offshore wind and green hydrogen projects.

Credit: Windinsider

The partnership reflects both companies’ commitment to advancing renewable energy solutions and addressing climate change. Iberdrola and Masdar plan to leverage their expertise to develop sustainable energy systems that can help meet global energy demands.

During the announcement, representatives emphasized the importance of this alliance in fostering innovation and sustainable development in the energy sector. The partnership is set to enhance the capabilities of both Iberdrola and Masdar in the rapidly evolving renewable energy market.

In addition, this collaboration is expected to create job opportunities and stimulate economic growth in the regions where the projects are implemented. The efforts will align with global sustainability goals and contribute to reducing carbon emissions significantly.