Equinor and RWE have signed a memorandum of understanding (MoU) on developing large scale projects that will contribute to the European energy supply and to the ramp-up of the hydrogen economy in Germany, Norway and the EU. Among the key areas the two partners agreed upon is also joint development of offshore wind farms for the production of renewable hydrogen.

The MoU was inked on 5 January, following two declarations signed between the governments of Norway and Germany, under which the two countries will cooperate on increasing production of renewable energy and develop green industry, including hydrogen, battery technology, offshore wind, and carbon capture and storage (CCS).