backA King & Spalding team led by partners Dan Giemajner and Matt Hardwick and Counsel Nadia Cinti, advised Masdar on its landmark joint venture with OMV to develop a 140 MW green hydrogen plant in Austria. We advised on all aspects of this first-of-a-kind project, including the design, supply, construction, structuring, regulatory, tolling and transactional aspects, supporting Masdar’s 49% stake and strategic entry into European hydrogen markets, reinforcing its global clean energy leadership.
OMV, Austria’s integrated energy, fuels and chemicals company, and Masdar, a global clean energy leader, have signed a binding agreement to establish a joint venture (JV) for the financing, construction and operation of the 140 MW green hydrogen electrolyzer plant in Bruck an der Leitha, Austria.
This landmark project will be one of Europe’s largest green hydrogen production facilities and marks a major step in OMV’s commitment to decarbonizing its Schwechat refinery and accelerating the energy transformation. The plant it is expected to be operational in 2027.