Masdar struggles for offtake at viable prices

UAE renewables developer calls on Europe to do more to incentivise offtakers to pay green premium for hydrogen

UAE state-owned clean energy developer Masdar has called on policymakers in Europe to implement policies and offer more incentives to drive demand for low-carbon hydrogen as it struggles to secure long-term offtake deals at prices that make projects bankable. Regulations do not provide sufficient incentives or penalties to enable projects to charge offtakers a premium for a green product, Mohammad el-Ramahi, chief green hydrogen officer at Masdar, told the FT Hydrogen Summit in London. “When we develop a large-scale project, one of our biggest challenges is long-term committed offtake agreements,” he said. “No one is willing to sign that long-term committed offtake at the targeted price that