The number of renewable energy projects, including solar plants, expected to tap into capital markets for financing is set to rise in the six-member GCC economic bloc, S&P Global Ratings has said. The UAE and Saudi Arabia — the Arab world’s two largest economies — have already set up public-private partnership frameworks, making project financing an “obvious […]
More must be done to accelerate green investments in the Mena region and help it make a sustainable transition, climate advocates and business leaders said in Cairo. Better investment will increase employment opportunities and boost economic development, Tarek Tawfik, chairman of the American Chamber of Commerce (AmCham) Mena Regional Council and president of AmCham Egypt, said on Sunday. “Countries […]
Dubai is now home to the world’s largest solar-powered data centre in the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The complex is developed by Moro Hub (Data Hub Integrated Solutions), a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority. Recognised as the biggest solar-powered […]
The crisis engulfing India’s Adani Group highlights the need for India to further expand its sources of green energy investment and production beyond a heavy dependence on a few private conglomerates, analysts say. The sector could see a slowdown in investment amid the fallout of the Adani crisis, although experts say that the country’s renewable energy industry is in a […]
Abu Dhabi’s clean energy company Masdar opened an office in Azerbaijan’s capital Baku and pledged to strengthen its support for the central Asian republic’s renewable energy programme. Azerbaijan aims to generate 30 per cent of its total power capacity from clean energy sources by 2030. “The United Arab Emirates and Azerbaijan both recognise the importance of investing […]
As humankind grapples with climate change, biodiversity loss and myriad other environmental issues, the world of work is also facing upheaval. About six million people work in the oil and gas sector and more than 10 times as many are employed by the industry indirectly, according to the International Labour Organisation. But as the world moves away from […]
The flow of water will soon help power businesses and homes in the UAE with clean energy. A huge hydroelectric power plant is under construction in the rugged Hajar Mountains, outside Dubai, that will utilise the turquoise waters of Hatta Dam. The station is planned for completion towards the end of 2024 and will have a […]
Since the early-2000s, the International Energy Agency has regularly monitored the environmental impact of industrial activity. The energy body has noted a 70 per cent rise in industrial emissions until now. But while emission levels declined temporarily in recent years due to the Covid-19 pandemic, they have since rebounded and even exceeded pre-pandemic levels with a 3 […]
Dubai: Every time you pay your water and electricity bill online in Dubai, you are helping save money, paper and trees. By supporting the 100 per cent paperless strategy of the Dubai Electricity and Water Authority (DEWA), residents have helped save Dh88 million, 22 million papers and 2,000 trees. A top official told Gulf News […]
Dubai: Dubai now produces 14 per cent of its power through clean energy, it was revealed on the New Year’s Day. Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA), today announced that the production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar […]
