The meetings followed the 8th Abu Dhabi CEO Roundtable – which brought together 35 energy leaders from around the world – to discuss how to deliver energy security while providing equitable access to energy, and climate progress
Sustainable energy
Abu Dhabi
Siemens Energy to establish its fourth global innovation centre in Abu Dhabi
Abu Dhabi Investment Office’s Innovation Programme will provide financial and non-financial incentives to the company as the UAE takes a major step towards net-zero
Abu Dhabi
Unit 3 of Barakah Nuclear Plant started; ready to add 1,400MW of clean energy
The third of the four-unit nuclear plant will be connected to the UAE grid in the coming weeks; It will play a crucial role in delivering UAE’s target of Net Zero by 2050
clean energy
World’s largest waste-to-energy project in Dubai is 85 percent complete
Once fully operational, the plant will feed the local electricity grid with 215MWh of clean energy, which would roughly power 135,000 homes for a whole year
climate change
Green investments are critical for long-term economic growth
Investing in green growth can be both sustainable and profitable
Abdul Latif Jameel Energy
Saudi Arabia’s Abdul Latif Jameel Energy refinances Australian solar farm amid plans to boost renewables capacity
Initiative set to meet energy demands of up to 45,000 homes
carbon emissions
Clean energy targets in the UAE and Saudi Arabia ‘leave no room for slow decision-making’
A new report called Engineering Net Zero in the GCC looks into new buildings, infrastructure and sustainable cities
Abu Dhabi
Abu Dhabi welcomes birth of clean energy powerhouse as TAQA, ADNOC acquire stakes in Masdar
TAQA will acquire a 43 percent controlling stake in Masdar’s renewables business. while ADNOC will gain a 43 percent controlling stake in Masdar’s new green hydrogen joint venture
clean energy
NEOM’s ENOWA inks deal to develop first-of-its-kind desal plant powered purely by renewable energy
Set to produce its early water in 2024, the new desalination facility will be key to realising ENOWA’s ambitions to create a sustainable, abundant water supply for residential, industrial, and commercial use
Biodiesel
DP World terminal at Southampton becomes first port in UK to eliminate fossil diesel
The operation will use vegetable oil which eliminates more than 80 percent of net carbon dioxide emissions
Barakah Nuclear Energy Plant
Nuclear energy is resolving the combined challenge of energy security and sustainability on the road to net zero: ENEC CEO
The UAE is also evaluating opportunities to expand into areas such as clean hydrogen, synthetic fuels, regional grid development, as well as nuclear R&D, Mohamed Ibrahim Al Hammadi, the ENEC CEO, said
carbon emissions
Dubai’s JLT to become more affordable for residents and tenants as DMCC plans solar panels across parking areas
The 6.3MW solar panel project will result in significant reduction in power consumption tariffs, generating savings for property owners
Abu Dhabi
UAE’s ENEC doubles clean electricity generation as it starts commercial ops at Unit 2 of Barakah Nuclear Plant
When all four units begin operating commercially, the Barakah Nuclear Plant will produce up to 25 percent of the UAE’s electricity needs
Bahrain F1
A “green” Grand Prix: Bahrain International Circuit exceeds target to offset F1 event emissions with solar project
The photovoltaic (PV) project will be operational on race weekend, powering the Bahrain GP with solar, sustainable energy. The Bahrain International Circuit has also installed its first electric vehicle charging stations
Abu Dhabi Fund for Development
Masdar begins construction on 230MW solar power plant, inks additional clean energy project deals
The project will help generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 houses, and will reduce emissions by more than 200,000 tonnes a year
Green bonds
Abu Dhabi’s TAQA prices first green bond linked to giant solar plant
Bonds will refinance existing debt of Sweihan PV Power Company, which built, owns and operates Noor Abu Dhabi
ESG
Coronavirus is putting the S back in ESGs
With the pandemic highlighting social and governance elements, corporates and governments need to work together to finance sustainability targets, panellists at Expo 2020’s Global Goals Business Forum said