Cepsa, a Spanish oil and gas company majority-owned by Mubadala, is pursuing partnerships with Abu Dhabi entities like ADNOC and Masdar to develop its green hydrogen and renewable energy strategies in Europe. Cepsa is in talks with ADNOC about potential joint investments across the hydrogen value chain from the Middle East to Europe. Cepsa also aims to work with Masdar to develop its portfolio of 7GW of solar and wind projects, though it likely will take a minority stake in projects. Developing the green hydrogen sector is also a key part of the UAE's energy diversification strategy.