Abu Dhabi Future Energy Co, better known as Masdar, has pulled out of the joint development of a 140-MW green hydrogen plant in Austria with OMV AG, the Austrian energy company said.
The parties have mutually agreed not to proceed with Masdar’s equity participation in the project, which was agreed last November. The UAE group then pledged to invest in a joint venture to finance, build and operate the proposed facility, taking a 49% ownership stake in the project vehicle.
“We do not comment on the details of internal discussions. Both companies remain committed to their partnership and continue to explore opportunities for future collaboration. There were no issues between the parties,” OMV told RenewablesNow.
The Austrian energy group confirmed that Masdar’s withdrawal would not affect the scope and timeline of the project, which was recently funded through a EUR-123-million (USD 141.2m) debt facility from Austria’s federal development bank Austria Wirtschaftsservice GmbH. The European Investment Bank is lending EUR 450 million.
The electrolyser is currently being installed in Bruck an der Leitha. Set to become one of Europe’s top five by capacity, it is designed to produce up to 23,000 tonnes of green hydrogen annually using renewable energy from wind, solar and hydropower. Its commissioning deadline, set for end-2027, remains unchanged. (September 21, 2026, Source: https://renewablesnow.com/news/omv-to-go-solo-on-140-mw-austrian-green-h2-project-after-masdar-exit-1301565/)
AUSTRIA - GREENH2 - Production