Company Insights Masdar Renewable Energy Masdar News Oil & Gas Adnoc awards concession interest to Azerbaijan’s Socar Abu Dhabi National Oil Company (Adnoc) has signed an agreement to award a 3 percent interest in the Sarb and Umm Lulu offshore concession to State Oil Company of the Republic of Azerbaijan (Socar). The agreement follows previous collaborations between the two companies, including Adnoc’s acquisition of a 30 percent equity stake in the Absheron […] June 3, 2024 Energy UAE-led consortium secures land for $10bn wind farm in Egypt A consortium led by Masdar, the UAE’s state-owned renewable energy company, has signed a land access agreement with the Egyptian government for a $10 billion onshore wind farm. The other partners are Infinity Power, a joint venture between Masdar and Egyptian renewables business Infinity, and Hassan Allam Utilities, a Cairo-based developer and investor. The agreement […] May 16, 2024 Renewable Energy Iraq forges ahead with plans for first big solar plant Iraq is proceeding with its first large-scale solar plant, which will be constructed by France’s TotalEnergies. The 1GW plant will be built in Basra, southern Iraq, as part of a $27 billion investment agreement for an integrated project that includes four oil, gas and renewables facilities. According to reports it will supply clean electricity equivalent […] May 9, 2024 Renewable Energy Bahrain signs deal with Masdar to develop wind energy UAE clean energy company Masdar has formed a partnership with Bahrain’s Bapco Energies to explore the development of wind energy projects in Bahrain. The two companies will develop up to two gigawatts (GW) in near-shore and offshore wind farms, Masdar said. The collaboration will help Bahrain accelerate the decarbonisation of its critical industrial sectors. Energy, […] May 1, 2024 Infrastructure AD Ports commits $250m to Angola port upgrade Abu Dhabi Ports Group is investing more than $250 million in a project to upgrade the port terminal at Luanda in Angola. The company said it hd secured a 20-year concession agreement, extendable by another 10 years, with the Luanda Port Authority for operating and modernising the terminal. In agreements with the Angolan logistics companies […] April 24, 2024 Finance Oman and UAE sign deals worth $35bn The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said. Investment and collaboration agreements covered areas including renewable energy, green metals, […] April 23, 2024 Renewable Energy African renewables are ripe for investment, says Irena Africa accounted for less than 1 percent of the new renewable energy sources added globally last year, and a conference in Abu Dhabi this week called on wealthy investors to help the continent achieve its targets. Amani Abu Zeid, commissioner for infrastructure and energy of the African Union Commission, told the International Renewable Energy Agency […] April 18, 2024 Sustainability Aluminium decarbonisation alliance takes shape in UAE Emirates Global Aluminium, the UAE’s largest non-oil industrial company, has formed an alliance with state renewable energy company Masdar to work on decarbonisation projects. The two companies will explore the joint development of renewable energy projects such as battery storage and the production and storage of green hydrogen. They will also work together internationally to […] April 18, 2024 Sustainability Masdar City has up to $1bn of projects at design phase Masdar City, Abu Dhabi’s sustainability-focused urban community, is working on projects in critical sectors of the UAE, backed by investments of between AED3 and AED4 billion ($817 million and $1 billion). The projects include energy, artificial intelligence (AI), space, life sciences and agriculture, the UAE state-run Wam news agency reported, quoting CEO Ahmed Baghoum. He […] April 17, 2024 Opinion Sustainability The Gulf is well-placed to soar on SAF – but not yet Sustainable aviation fuel is in its infancy but the Gulf has a hydrogen trump card April 16, 2024 Posts navigation Previous 1 … 8 9 10 … 26 Next
Oil & Gas Adnoc awards concession interest to Azerbaijan’s Socar Abu Dhabi National Oil Company (Adnoc) has signed an agreement to award a 3 percent interest in the Sarb and Umm Lulu offshore concession to State Oil Company of the Republic of Azerbaijan (Socar). The agreement follows previous collaborations between the two companies, including Adnoc’s acquisition of a 30 percent equity stake in the Absheron […] June 3, 2024
Energy UAE-led consortium secures land for $10bn wind farm in Egypt A consortium led by Masdar, the UAE’s state-owned renewable energy company, has signed a land access agreement with the Egyptian government for a $10 billion onshore wind farm. The other partners are Infinity Power, a joint venture between Masdar and Egyptian renewables business Infinity, and Hassan Allam Utilities, a Cairo-based developer and investor. The agreement […] May 16, 2024
Renewable Energy Iraq forges ahead with plans for first big solar plant Iraq is proceeding with its first large-scale solar plant, which will be constructed by France’s TotalEnergies. The 1GW plant will be built in Basra, southern Iraq, as part of a $27 billion investment agreement for an integrated project that includes four oil, gas and renewables facilities. According to reports it will supply clean electricity equivalent […] May 9, 2024
Renewable Energy Bahrain signs deal with Masdar to develop wind energy UAE clean energy company Masdar has formed a partnership with Bahrain’s Bapco Energies to explore the development of wind energy projects in Bahrain. The two companies will develop up to two gigawatts (GW) in near-shore and offshore wind farms, Masdar said. The collaboration will help Bahrain accelerate the decarbonisation of its critical industrial sectors. Energy, […] May 1, 2024
Infrastructure AD Ports commits $250m to Angola port upgrade Abu Dhabi Ports Group is investing more than $250 million in a project to upgrade the port terminal at Luanda in Angola. The company said it hd secured a 20-year concession agreement, extendable by another 10 years, with the Luanda Port Authority for operating and modernising the terminal. In agreements with the Angolan logistics companies […] April 24, 2024
Finance Oman and UAE sign deals worth $35bn The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said. Investment and collaboration agreements covered areas including renewable energy, green metals, […] April 23, 2024
Renewable Energy African renewables are ripe for investment, says Irena Africa accounted for less than 1 percent of the new renewable energy sources added globally last year, and a conference in Abu Dhabi this week called on wealthy investors to help the continent achieve its targets. Amani Abu Zeid, commissioner for infrastructure and energy of the African Union Commission, told the International Renewable Energy Agency […] April 18, 2024
Sustainability Aluminium decarbonisation alliance takes shape in UAE Emirates Global Aluminium, the UAE’s largest non-oil industrial company, has formed an alliance with state renewable energy company Masdar to work on decarbonisation projects. The two companies will explore the joint development of renewable energy projects such as battery storage and the production and storage of green hydrogen. They will also work together internationally to […] April 18, 2024
Sustainability Masdar City has up to $1bn of projects at design phase Masdar City, Abu Dhabi’s sustainability-focused urban community, is working on projects in critical sectors of the UAE, backed by investments of between AED3 and AED4 billion ($817 million and $1 billion). The projects include energy, artificial intelligence (AI), space, life sciences and agriculture, the UAE state-run Wam news agency reported, quoting CEO Ahmed Baghoum. He […] April 17, 2024
Opinion Sustainability The Gulf is well-placed to soar on SAF – but not yet Sustainable aviation fuel is in its infancy but the Gulf has a hydrogen trump card April 16, 2024
