The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model
Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn
Gross domestic product expanded by 6.8 per cent compared to the same quarter of 2020
The UAE has committed $400m in funding, provided by the Abu Dhabi Fund for Development, for the Energy Transition Accelerator Financing Platform
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
Silver’s other role as a key commodity in solar panels and electronics is likely to buoy prices over the longer term
The partnership will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources
It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters
While sustainability is the future, digital transformation is a key enabler supporting industries make the transition
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
The refinery’s export operations have not been affected
Crude has gained more than 60 per cent this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand
The UAE will spend over Dhs600bn on renewable energy until 2050
US crude inventories expanded by 2.35 million barrels last week
The adoption of new technologies is set to transform the functioning of the energy and utilities sector as it transitions to a sustainable future
OPEC said on Tuesday that it expects global fuel consumption to fully recover from its pandemic slump by 2023
The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars
Only by deploying efficient solutions can the world address both the climate crisis and the growing demand for energy and other services
The UAE was looking at sectors including defense, energy and food security
The solar carport covers an area of 7,209 sqm and will produce 1.7 GWh of clean energy annually, offsetting more than 1,205 metric tons of carbon emission
The announcement comes within five months of the start of commercial operations of Unit 1
By 2030, Uzbekistan aims to deploy 5GW of solar and 3GW of wind power capacity, meeting 25 per cent of its electricity needs
It is the first stage of the 900MW fifth phase that uses solar photovoltaic bifacial technologies with Single Axis Tracking to increase energy production
The investment will expand the capacity of ADNOC’s Al Nouf field from 160,000 barrels per day (bpd) to 175,000 bpd by 2024
A transaction would boost Aramco’s sales of crude to India
Al Qubaisi reportedly has over 15 years of diversified experience in the investments and energy sectors
Oil prices have retreated 6 per cent this month as the contagious delta variant triggers renewed lockdowns in China and other key Asian consumers
UAE’s Masdar has partnered on the construction of the 400MW Dumat Al Jandal facility
The 145-megawatt Cirata Floating Photovoltaic Power Plant is expected to begin commercial operations in Q4 2022
West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday