renewable energy

DAMAC Properties strengthens commitment to sustainability at DEWA’s WETEX 2024 with innovative solutions

DAMAC launched its first Sustainability Report which highlights the organisation’s key ESG goals and vision

Abu Dhabi’s Masdar expands U.S. portfolio, acquires 50 percent stake in Terra-Gen

Masdar plans to build 100GW of capacity in its global renewable energy portfolio by 2030

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation

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

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

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

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

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 

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 

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

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

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