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Iberdrola (OTCPK:IBDRY) (OTCPK:IBDSF) and United Arab Emirates clean energy developer Masdar said Tuesday they signed a strategic partnership agreement to spend €15B (~$16.2B) in offshore wind and green hydrogen projects in the U.K., U.S. and Germany.
The agreement, outlined at the COP28 climate summit in Dubai, will evaluate projects where the two companies could work together, such as the 1.4 GW U.K. East Anglia 3 offshore wind farm.
The wind project, in which Masdar could take a 49% stake, has been the subject of negotiations in recent months and a deal could be reached by the…
