Friday 25 April 2014
 
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Renewables

Irena calls for urgent action on climate

The International Renewable Energy Agency (Irena) has reinforced the call to accelerate transition to a sustainable global energy mix to limit global temperature increase and avert catastrophic climate change. The agency said this

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Fossil fuel still fastest growing energy source

The biggest energy challenge facing the world today is meeting the rapidly growing energy needs of emerging market nations, including the 1.3 billion people that have little or no access to modern energy, according to the World Economic Forum

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Mena to pump more capital into renewables

While the UAE, Kuwait, Oman, Egypt, Jordan and Morocco are moving forward with at least ten solar power facilities worth $6.8 billion, more regional renewable energy projects will be announced in the next 12 months, said an expert.

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Private sector to gain as GCC eyes green energy

Recent changes in regional policies towards renewable energy will create an abundance of opportunities for private sector companies in the GCC, in the near and long term, a report said. Saudi Arabia, Kuwait, and Oman have each stated plans

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Smart grid ‘can save $1bn for Gulf states’

The Mena region is in the early stages of its smart grid development but stands to realize strong benefits, including minimum savings of $300 million to $1 billion per year for Gulf countries, a report said. Smart grid is an opportunity fo

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Masdar, Japan bank to invest in renewables

Masdar Capital, the private equity arm of Abu Dhabi based renewable energy company Masdar, plans to form a renewable energy project platform, in partnership with Development Bank of Japan (DBJ). The MoU, signed during the opening day of t

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Masdar, Japan bank to invest in renewables

Masdar Capital, the private equity arm of Abu Dhabi based renewable energy company Masdar, plans to form a renewable energy project platform, in partnership with Development Bank of Japan (DBJ). The MoU, signed during the opening day of t

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Dubai showcases solar park at WFES

The Dubai Supreme Council of Energy will present plans for the 1,000 megawatt Mohammed Bin Rashid Al Maktoum Solar Park at the World Future Energy Summit, which opened in Abu Dhabi today. The Dh12 billion solar project was announced on Jan

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Renewables to supply 80pc energy by 2050

Renewable sources such as solar, wind and hydropower could fulfil almost 80 percent of the world's energy demand by 2050 with the right policies, according to a UN report which won backing from governments. The 26-page study, by the UN's I

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Saudi plans to minimise fossil fuel use

Top oil exporter Saudi Arabia plans to limit the consumption of fossil fuels by generating more power using nuclear and renewable energy, an official said on Sunday. 'Nuclear and renewable energy will reduce dependence on fossil fuels

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