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Masdar

Masdar News

Masdar and Socar began construction of the two solar projects in Azerbaijan in June 2024

Masdar secures funding for Azerbaijan solar projects

Abu Dhabi Future Energy Company (Masdar) and Socar Green, a wholly-owned subsidiary of the State Oil Company of the Republic of Azerbaijan (Socar), have achieved financial closure for two $600 million large-scale solar projects in Azerbaijan. The projects, comprising the 445 megawatt (MW) Bilasuvar and 315MW Neftchala solar plants, are being funded by the European […]

Kazakhstan windfarm

Masdar signs agreement for Kazakhstan windfarm

A $1.4 billion investment for the development of a 1GW windfarm in Kazakhstan has been signed between the Abu Dhabi Future Energy Company (Masdar) and Kazakhstan’s Ministry of Energy. The agreement, signed at Cop29, the 2024 United Nations Climate Change Conference, currently taking place in Baku, Azerbaijan, builds on commitments already made between the UAE […]

A stand in Beirut displays Arabic newspapers featuring the inauguration of President Donald Trump in 2017. The Arab world has generally welcomed Trump's return to the White House

Arab world welcomes Trump back to the White House

The Arab world has hailed Donald Trump’s successful bid to return to the White House, with his long-standing personal, business and political ties to the region bringing hopes of closer bilateral relationships with the United States for the next four years. The Emir of Qatar, Tamim bin Hamad Al Thani, was the first GCC leader […]

The 44.01 team. Together with Adnoc the company mineralised 10 tonnes of CO2 in Fujairah in under 100 days

Adnoc and Oman’s 44.01 scale up carbon-to-rock project

Abu Dhabi National Oil Company (Adnoc) and Omani company 44.01 have announced plans to scale up their carbon-to-rock project in the emirate of Fujairah following the successful completion of a pilot initiative. Muscat-based startup 44.01 – named after the molecule mass for CO2 – uses technology to accelerate a natural process in which carbon dioxide […]

United Marine Egypt Shipping will receive an undisclosed number of the Regent seaglider

Egyptian company buys into Neom-backed seaglider

United Marine Egypt Shipping will be the launch customer for a large passenger seaglider that is designed to travel at high speeds over water.  US maritime transport company Regent said UME will be the first to receive its Monarch seaglider. The Monarch is a 50-to-100-passenger electric craft that Regent says will travel up to 650km […]

Conventional steel production accounts for 8 percent of global carbon emissions, something the UAE hopes to abate with green hydrogen

UAE green steel project brushes off hydrogen concerns

The UAE has completed a pilot programme looking into the use of green hydrogen to decarbonise the steel industry. UAE steel company Emsteel and renewable energy major Masdar joined forces to produce “green” steel despite increasing concerns over cost, regulations, demand and scalability of the clean energy source. Conventional steel production accounts for around 8 […]

Emirates Global Aluminium engineers at the company's Al Taweelah refinery. EGA sells its green aluminium to European car makers

EU carbon tariff opens door to green GCC manufacturers

Europe’s decision to place a tariff on a selected group of carbon-intensive imports may offer a competitive advantage to Gulf manufacturers who are investing in carbon-reducing technologies, industry observers believe. By decarbonising hard-to-abate sectors, GCC countries can become the European Union’s privileged trade partners, because producers with lower carbon emissions will get better access to […]