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Masdar and Boeing work on SAF global acceptance

Abu Dhabi’s state clean energy company Masdar and the American plane-maker Boeing have agreed to jointly work on accelerating global sustainable aviation fuel (SAF) regulations. The partnership document, signed at Adipec 2023, strives to support the commercial aviation industry’s goal of achieving net-zero emissions by 2050. The two companies will advance and support the development […]

Cop28 finance invitees

Finance invitees dominate Cop28 thematic programme

The finance sector dominates a list of those invited to attend the thematic programme of Cop28 in Dubai later this year, AGBI can reveal. The presidency of the UN Climate Change Conference has unveiled a two-week agenda of topics to deliver on a four-pillar climate action plan. It will run alongside the negotiations process and […]

Cop28 SMEs hub

Cop28 launches hub to help Mena SMEs cut carbon

The Cop28 presidency has set up a dedicated programme to help small and medium-sized enterprises in the Middle East and North Africa (Mena) to cut their carbon emissions. The team behind the climate conference, which is being held this year in Dubai, has joined forces with the global not-for-profit SME Climate Hub and the We […]

Tajikistan hydropower

Masdar enters Tajikistan with solar and hydro ambitions

A joint venture between Abu Dhabi state clean energy company Masdar and W Solar Investment is exploring floating solar power and hydropower projects in landlocked and water-abundant Tajikistan. MW Energy has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources and plans to develop at least 500MW capacity of clean energy. With an […]

Kuwait solar power reneweable energy plans

Kuwait to resurrect renewable energy mega-project

Kuwait is ramping up plans for its much delayed first utility-scale solar and wind powered project, as the Gulf state lags behind its neighbours in its renewable energy ambitions. Kuwait set a target in 2012 for renewable energy to comprise 15 percent of its total energy mix by 2030.  Government data shows that renewables accounted […]

Dr Thani bin Ahmed al Zeyoudi led the UAE delegation to Indnoesia to promote Southeast Asia trade

Southeast Asia on the rise as UAE shifts trade focus

Officials from the UAE are headed to Singapore as the country looks to improve ties and strengthen trade with Southeast Asia. Top officials from the Dubai Financial Market (DFM) stock exchange will arrive in Singapore on Wednesday to hold their first international investor roadshow there.  The debut aims to underline DFM’s commitment to broaden its […]

Phase One of Saudi developer Red Sea Global's Amaala is focused on the Triple Bay masterplan and will be ready by early 2025

Solar power scaled up at Amaala giga-project

Saudi developer Red Sea Global has signed a 25-year concession agreement with France’s EDF and UAE’s Masdar to service its Amaala giga-project on the northwestern coast of the kingdom. The off-grid renewable energy system will have the capacity to generate up to 410,000 MWh per annum, enough to power 10,000 households, the companies said in […]

UAE prime minister Sheikh Mohammed bin Rashid looks on as Masdar chairman Sultan Al Jaber and Dewa CEO Saeed Mohammed Al Tayer sign the solar park agreement

Next $1.5bn phase of Dubai’s solar park to be ready in 2024

Dubai Electricity and Water Authority and Masdar have signed an agreement to build and operate the 1,800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The next phase of the world’s largest single-site solar park will cost AED5.5 billion ($1.49 billion).  “This phase will power over half a million residences while reducing […]

COP28 president-designate Sultan Al Jaber addresses delegates during the Africa Climate Summit in Nairobi, Kenya Video length: 03:55

Cop28 to invest billions in African clean energy

A UAE finance initiative led by Cop28 will put $4 billion direct investment and has pledged billions more into clean energy projects in Africa, the climate change summit’s president-designate Sultan Al Jaber said this week.   Al Jaber told the inaugural African Climate Summit in Nairobi on Monday that the initiative – involving high-profile UAE-based investors […]

The UAE Carbon Alliance is chaired by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, who is also president and CEO of UICCA

UAE companies pledge $450m to buy African carbon credits

The UAE Carbon Alliance, a coalition of UAE companies aiming to develop a carbon market in the emirates, has pledged to buy $450 million of African carbon credits by 2030.  The alliance signed a non-binding agreement with the Africa Carbon Markets Initiative (ACMI), which was launched last year at Cop27 in Egypt to harness potential […]