Abu Dhabi’s Masdar working with China’s Silk Road Fund on renewable energy projects
Renewable Energy
clean energy
Middle East needs stronger policies to tap into $900bn green FDI flows, energy expert says
The region has seen limited green investment flows compared to Europe and the US despite offering the world’s lowest renewable energy production costs, Strategy& expert reveals
clean energy
UAE, Rajasthan government sign MoU to explore 60GW renewable energy investment
The agreement aims to bring in best-in-class renewable energy technologies to build a long-term plant serving critical energy needs in the state
Abu Dhabi
Presight to develop ‘game-changing’ AI asset management tool for Masdar
AI will provide analytics and insights from billions of data points across Masdar renewable energy projects
Renewable Energy
UAE to pass renewable energy targets for 2030
UAE expected to exceed renewable energy capacity ambitions for 2030
clean energy
Masdar outlines sustainability achievements as advanced pipeline capacity grew 58% in 2023
Masdar launches Sustainability Report as it grows clean energy capacity
Abu Dhabi
Masdar completes acquisition of 50% stake in US-based Terra-Gen
Operating portfolio increases 3.8GW of wind, solar and battery storage projects and 5.1GWh of energy storage facilities
Abu Dhabi
Abu Dhabi’s Masdar secures €144mn financing for Serbian wind farm Čibuk 2
The announcement raises Masdar’s total operational and under-construction renewable energy capacity in Serbia to 312MW
Abu Dhabi Future Energy Company
UAE’s Masdar to acquire Saeta Yield from Brookfield in $1.4bn renewable energy deal
The acquisition deal, billed as one of the largest in the renewable energy sector in Spain, is expected to be closed towards the end of this year
clean energy
Middle East renewable energy investments to pass $75bn by 2030
Countries in the Middle East will invest heavily in renewable energy over remainder of decade while still being hydrocarbon production powerhouses
clean energy
UAE bets big on green hydrogen, eyes global clean energy leadership, ministry official says
The UAE’s clean energy push mirrors a regional trend, as Gulf countries invest in renewables to diversify from oil dependence
Abu Dhabi
EWEC to develop 400MW Battery Energy Storage System in Abu Dhabi
27 companies and consortiums qualified for the Request for Proposals stage after 93 submitted Expression of Interest
Green bonds
Masdar raises $1bn with green bond sale
Masdar advances UAE clean energy financing with Green Bond sale
clean energy
UAE energy startups secure over AED 110 mn in funding during H1 2024
The total number of startup companies operating in the energy sector in the UAE reached about 54 by the end of 2023
PIF
Saudi’s PIF, Vision Industries ink major renewables deal with Envision Energy
This collaboration aligns with Saudi Arabia’s ambitious goal of localising 75 percent of renewable energy components by 2030
air travel
Green Hydrogen: Air travel could go renewable as future fuel investment skyrockets in UAE, Saudi Arabia
The fuel of the future in news again as a Swedish study shows aircrafts could use it for short and medium flights as early as 2028