United Kingdom – Marubeni Corporation and the UK Government have inked a Memorandum of Understanding (MOU) on comprehensive cooperation in clean energy projects. This agreement spans initiatives in offshore wind and green hydrogen, with a colossal investment of £10 billion (approximately €11.5 billion) set to power the UK’s clean energy sector for the next decade.
The core of this collaboration resonates with the UK Government’s unwavering commitment to reach net-zero greenhouse gas emissions by 2050. It also aligns with the UK’s goal to deploy offshore wind farms boasting a combined capacity of up to 50 GW by 2030. Within this capacity, there are ambitious plans to harness up to 5 GW of floating offshore wind farms and build a production capacity of 10 GW for low-carbon hydrogen. As the MOU seals this partnership, it reaffirms the UK Government’s dedication to bolster Marubeni’s efforts to reshape the UK’s energy landscape.
Decarbonization efforts
Marubeni’s collaboration with the UK Government augments the company’s ambition to contribute to the UK’s quest for net-zero GHG emissions. By leveraging the knowledge and experience acquired from its UK-based operations, Marubeni intends to catalyze decarbonization efforts not only in the UK but also in its home country, Japan.
This colossal investment underscores the pivotal role the UK plays in the transition to cleaner, greener energy and sets a precedent for nations to unite in the fight against climate change.
