Abu Dabhi’s clean energy firm, Masdar, Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy Terminals, have joined hands to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets. Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, said, “This agreement builds upon the existing relationship between the UAE and the Netherlands and demonstrates our mutual commitment to exploring low- and zero-carbon energy solutions. The UAE aims to play a central role in the emerging green hydrogen economy and this partnership…
Author: Rashida
Dubai has an ambitious plan to achieve carbon neutrality, with a target of achieving a 50% reduction in emissions by the year 2030. With this, it plans to accelerate its move towards clean energy transition, backed by a clear roadmap for reaching its net-zero goal by 2050. Abdulla Mohammed Al Basti, Secretary General of The Executive Council of Dubai, reaffirmed Dubai’s dedication to environmental sustainability and climate action, aligned with the Paris Agreement’s objectives. “We are committed to collaborating with other global cities that share our vision for sustainability and climate action. Guided by the inspiring leadership of His Highness…
Despite the rich oil reserves, the Gulf Cooperation Council (GCC) countries are showing significant progress in the electric vehicle (EV) market due to its focus on sustainability and reducing carbon emissions. Here are some key highlights of the GCC’s progress in the EV market. The GCC region is witnessing heavy investments by automakers for electric vehicles, with OEMs offering electric vehicles in different segments ranging from hatchbacks like the Nissan Leaf to high-end sedans like the Tesla Model. The GCC Electric Vehicle Market is expected to show an annual growth rate (CAGR) of 8.20%, resulting in a projected market volume…
Etihad Energy Services, owned by Dubai Electricity and Water Authority (DEWA) has join hands for transformative collaboration with Dubai Airports, comprising an innovative retrofit initiative and an extensive solar integration project. It is in line with the commitment to sustainability and environmental stewardship, aligning with COP28 sustainability goals. Dubai Airports is a key operator of some of the world’s busiest terminals, including Dubai International Airport and Dubai World Central, is at the forefront of driving substantial positive transformations in energy practices while championing sustainability initiatives. It is expected to generate significant annual energy and water savings at Dubai Airports and it plays…
Majid Al Futtaim, the UAE-headquartered developer and operator of shopping malls, communities, retail, and leisure, has signed a solar power agreement protocol with Engazaat to provide more than 20 megawatts (MW) of solar power capacity in four Majid Al Futtaim properties in Egypt and Lebanon. As per the firm, the duration of the agreement [Corporate Power Purchase Agreement or PPA] is 25 years. “Engazaat will install solar rooftops and carports at Mall of Egypt, City Centre Maadi, City Centre Alexandria in Egypt, and City Centre Beirut in Lebanon based on ‘design, finance, build, own, and operate’ model,” the statement said. “Aiming…
A 500-megawatt (MW) Manah-1 Solar IPP solar project in Oman has secured $301.8 million in funding from a group of international financial institutions. The project, Manah-1 Solar IPP is being built in Manah, located in Oman’s Al Dakhiliyah governorate, as per the reports. It may be noted that Wadi Noor Solar Power Company is developing the project, which is a partnership between France’s EDF Renewables and Korea Western Power Co (KOWEPO), a wholly owned subsidiary of Korea Electric Power Corporation. The report said Societe Generale, the Export-Import Bank of Korea, and Bank Muscat have provided the funding. As per reports, the work started…
Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, and Masdar, a renewable energy firm based in Abu Dhabi, have signed a Memorandum of Understanding (MoU) aimed at promoting collaboration for clean and renewable energy projects within the Kingdom of Bahrain. The firm will focus on cultivating a pipeline of renewable energy ventures, providing competitively priced green energy to Bahrain. Moreover, the agreement focuses on cultivating local capabilities, promoting innovation, and harnessing their collective expertise. Both entities intend to explore co-investment opportunities in markets of mutual interest. This partnership marks a significant milestone in the joint efforts of Mumtalakat and Masdar, aiming to promote…
With the goal of expanding its presence in the Sub-Saharan nations and to support the clean energy transition across the continent, Abu Dhabi Future Energy Company, Masdar is moving ahead with 10GW growth plan across six Sub-Saharan nations. This was disclosed during the United Nations Climate Change Summit (COP28) taking place in the UAE and will support the recently launched Africa Green Industrialization Initiative to scale up green industries in the region. According to research launched last year by Masdar, Abu Dhabi Sustainability Week and McKinsey & Company, Africa has a theoretical potential clean energy capacity of 850 terawatts in…
Abu Dhabi Future Energy Company (Masdar) and Keppel Corporation’s infrastructure division will collaborate to develop decarbonisation and sustainability solutions in ASEAN and the Middle East, the firms said. Both the parties signed a memorandum of understanding at the United Nations’ COP28 climate conference in the United Arab Emirates (UAE). As per the agreement, they will explore solutions to support the development and deployment of utility-scale renewable projects in ASEAN. The parties will also work towards facilitating the cross-border flow of low-carbon energy through energy storage and grid transmission systems. The firms will also explore the feasibility of co-developing large scale…
The most awaited 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change has started in Dubai, United Arab Emirates, on November 30, 2023, and will continue until December 12, 2023.The conference aims to implement and boost up the goals set forth in the Paris Climate Change Agreement. It has witnessed significant clean energy developments in one week. Here are three significant developments- 1. Tripling Renewable Energy Capacity: Around 118 nations have pledged to triple the world’s renewable energy capacity by 2030. With this pledge, the nations would focus on reducing the share of fossil fuels…