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UK wind farm

Masdar-backed UK wind farm clears further hurdle

An Abu Dhabi-backed offshore wind farm project in the UK has taken a big step forward after a development consent order application was accepted into examination by UK planning inspectors. The Dogger Bank South wind farm, more than 100km off the northeastern coast of England, is split across two sites, DBS East and DBS West. […]

Workers set up photovoltaic solar panels at the Benban plant, which will contribute to Egypt's goal of 58 percent renewable energy by 2040

Austerity threatens Egypt’s green energy progress

Sprawling over 37 sq km of desert north of Egyptian city of Aswan, the Benban Solar Park is one of the largest photovoltaic power plants in the world. Made up of 41 individual solar plants, the park’s investors boast it can be seen from space. Launched in 2018 and now at 1.8 gigawatt capacity, in […]

An engineer works on electricity turbines partially powered by green hydrogen in Sharm El-Sheikh, Egypt

BP joins Masdar in Egyptian green hydrogen project

BP, the British oil and gas company, has agreed to join a consortium including Masdar, the UAE’s state renewable energy company, and others to develop a multi-phase green hydrogen project in Egypt.  ​​The plans come as Reuters reports suggest that BP has frozen new offshore wind projects, as it renews emphasis on oil and gas […]

Oman's Nama Power received 12 submissions for qualification from local and international developers

Masdar and Acwa Power vie for Oman solar project

The UAE’s Masdar and Saudi Arabia’s Acwa Power have been shortlisted to develop Oman’s 500-megawatt (MW) Ibri III solar project. The plant, launched by Nama Power and Water Procurement Company, will be built at a cost of OR155 million ($401 million).  NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the […]

An EGA employee looks out over its Al Taweelah facility in Abu Dhabi. The electricity used in aluminium smelting makes up 60% of its carbon footprint

Adnoc, Emirates Global Aluminium and the outlook for net zero

It is a tall order. The UAE is striving to develop its industrial capacity while also decarbonising in a world that needs a 40 percent-plus reduction in emissions by the end of the decade to avoid devastating climate change. Two of the country’s biggest state-owned enterprises – Adnoc and Emirates Global Aluminium (EGA) – are […]

Wind turbines above the village of Kotronas in the Peloponnese region. Greece's Terna Energy invests in wind, solar, hydroelectric and pumped storage projects

Masdar buys Greece’s biggest investor in renewables

The UAE’s state-owned clean energy company Masdar is to acquire a majority share in Terna Energy of Greece. The initial deal – one of the largest in the European renewables market and the biggest ever energy transaction on the Athens Stock Exchange – is for a 67 percent stake. The price of €20 ($21.45) per […]

People swim in Iceland's Blue Lagoon hot spring in front of a geothermal power plant. Reykjavik Geothermal is working with Taqa in Saudi Arabia

Saudi summons energy to unearth geothermal potential

A Saudi Arabian university has completed drilling a research well as the kingdom steps up efforts to harness its geothermal potential – which industry experts estimate could free up to 1 million barrels of oil a day for export. The 400m deep observation well was drilled by a team from King Abdullah University of Science […]

Ursula von der Leyen, president of the European Commission, and Sheikh Mohamed bin Zayed, president of the UAE, in Abu Dhabi last September. Another EU delegation visited last week

EU woos Emirati investors while keeping UAE on ‘grey list’

The European Union is intensifying efforts to attract investment from the UAE despite keeping the Emirates on its “grey list”, a marker of heightened scrutiny and potential obstacles for investors. An EU delegation visited Abu Dhabi last week to promote the bloc’s Capital Markets Union (CMU) plan. A single market for capital, harmonising exchange regulations […]

The unified economic license is an initiative by Abu Dhabi Department of Economic Development and Abu Dhabi Free Zones Council

Abu Dhabi launches unified economic licences

Abu Dhabi has unified procedures for registering economic licences across the emirate and its free zones, in a bid to make it simpler to set up a business and increase non-oil trade. The unified economic license is an initiative by Abu Dhabi Department of Economic Development (Added) and Abu Dhabi Free Zones Council. The new […]