The UAE’s renewable-energy giant Masdar has signed an agreement to acquire a 49% stake in Austria’s largest planned green-hydrogen project, a 140 MW electrolysis plant being developed by OMV. Once operational, the facility is expected to produce around 23,000 tonnes of green hydrogen annually, supporting Europe’s push to scale low-carbon industrial inputs.
The investment, described as in the “high-three-digit-million USD” range, strengthens Masdar’s growing portfolio in Europe as the UAE accelerates its shift toward clean-energy leadership. For GCC professionals in energy, finance, and technology, the move signals expanding cross-border opportunities—from hydrogen supply chains to advanced industrial decarbonisation. The partnership positions both Masdar and OMV to play a central role in shaping regional and global hydrogen markets.
