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renewable energy
Economy
Governments allocate nearly $2 trillion in direct clean energy investment since 2020: IEA
This amount is nearly three times the funding committed after the financial crisis of 2007-08
Banking & Finance
UAE reaffirms commitment to advancing green infrastructure, private capital mobilization
Urgency of climate action demands that countries prioritize climate-resilient infrastructure while unlocking the potential of private capital
Economy
COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth
Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event
Economy
81 percent of new renewables cheaper than fossil fuels, saving $409 billion since 2000: IRENA
Solar PV costs plummet to 4 cents per kWh, 56 percent lower than fossil fuels
Economy
Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield
The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets
Economy
UAE, IRENA forge partnership to boost climate ambitions in 20 developing nations
The partnership aims to leverage the UAE’s climate leadership and IRENA’s role in NDC development and sustainable energy transition
Economy
Egypt invests $300 billion in infrastructure development over 10 years, says minister
El Khatib underscored the need to continue infrastructure development to achieve 6 to 7 percent economic growth
Economy
Abu Dhabi’s Masdar secures $159 million for 154 MW Čibuk 2 wind farm, powering 62,000 households
Non-recourse financing has been secured from lenders UniCredit and Erste Bank Serbia
Economy
Sharjah operates first phase of electric bus rides
The move aligns with SRTA’s commitment to sustainability and supports the UAE’s goal of achieving Net Zero by 2050
Economy
UAE, U.S. strengthen strategic partnership as trade reaches $39.5 billion in 2023
The UAE President's visit marks a significant moment in over fifty years of bilateral relations between the two nations
Economy
AD Ports Group’s 2023 highlights: 5,000 tons of CO2 saved, 124 CSR projects launched
The Group achieved 7 percent drop in electricity consumption, 174 percent increase in recycled waste
Economy
Abu Dhabi launches green bus service: Clean hydrogen and electric vehicles now on Route 65 in Al Reem Island
The Green Bus service launch highlights Abu Dhabi's commitment to sustainable public transport
Sustainability
SIF 2024: Agritech’s transformative power boosts UAE’s food security
Forum highlighted the key role entrepreneurship plays in advancing smart solutions for food security
Economy
$2.16 billion invested in seven new UAE renewable energy projects from H2 2023 to H1 2024
13 solar projects will add by end of 2024 10.6 GW to UAE’s grid
Economy
UAE President Sheikh Mohamed to visit U.S. on Monday, further enhance bilateral ties
Sheikh Mohamed will meet with a number of U.S. officials to discuss ways to develop UAE-U.S. relations at all levels
Economy
UAE’s MoEI, EtihadWE launch initiative to boost renewable energy adoption in Northern Emirates
Northern Emirates residents can now harness energy with rooftop solar panels
Economy
UAE’s Ministry of Energy and Infrastructure partners with Siemens Energy to promote green energy
This partnership will focus on addressing upcoming challenges related to grid infrastructure
Economy
Middle East set to achieve $75.6 billion in renewable energy investments: Report
These investments encompass 116 renewable energy are expected to become operational between 2025 and 2030
Economy
Saudi Arabia’s Crown Prince pledges $5 billion investment in Egypt through PIF
Saudi Arabia to provide additional facilities for companies operating in the new and renewable energy sector in Egypt
Banking & Finance
Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment
The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations
Economy
UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei
The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030
Energy
Saudi Arabia cuts oil use in power generation despite higher demand
Country burned 1.006 million bpd directly to generate electricity from January to June 2024
Economy
UAE’s AD Ports awards $114.34 million crane contracts to ZPMC for terminal projects in Africa
Terminals will get three Super Post-Panamax STS cranes, servicing 21 container rows over 60 meters
Banking & Finance
Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding
Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions
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