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Masdar to Acquire Saeta from Brookfield for $1.4 Billion
Abu Dhabi Future Energy Company PJSC - Masdar (“Masdar”), the UAE’s clean energy powerhouse, today announced the proposed acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an implied enterprise value of c. US$1.4 billion (€1.2 billion). Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.
Published on: 24 SEP 2024
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Y4S members step up climate action at Expo 2020 Dubai
Youth 4 Sustainability (Y4S) members have spoken of their renewed “motivation” and “enthusiasm” for combating climate change after attending a global gathering of climate activists at Expo 2020 Dubai.
Published on: 03 NOV 2021
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UAE announces Net Zero by 2050 strategic initiative
The United Arab Emirates has announced the UAE Net Zero by 2050 Strategic Initiative, a national drive to achieve net-zero emissions by 2050, making the UAE the first Middle East and North Africa (MENA) nation to do so.
Published on: 18 OCT 2021
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Masdar, EDF Renewables and Nesma Renewable Energy Win Bid for 1,100MW Solar IPP Project in Saudi Arabia
Abu Dhabi Future Energy Company PJSC – Masdar, EDF Renewables and Nesma Company have signed a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) to develop the 1,100 MW Al Henakiyah solar power plant. Once operational, it is expected that the project will power more than 190 thousand homes per year and displace more than 1.8 million tonnes of carbon dioxide annually.
Published on: 07 NOV 2023
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Deputy Ruler of Abu Dhabi Inaugurates World’s Largest Single-Site Solar Power Plant Ahead of COP28
Abu Dhabi Future Energy Company PJSC – Masdar, and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower, together with procurer Emirates Water and Electricity Company (EWEC), have inaugurated the world’s largest single-site solar power plant ahead of the UAE hosting the UN climate change conference, COP28.
Published on: 16 NOV 2023
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ADNOC, bp and Masdar agree to expand UAE-UK new energy partnership
Abu Dhabi National Oil Company (ADNOC), bp and Masdar announced the signing of strategic framework agreements to expand upon the UAE and UK’s longstanding track record of bilateral partnership in sustainability, including the potential development of clean hydrogen hubs in both the UK and UAE at a scale of at least 2 gigawatts (GW).
Published on: 17 SEP 2021
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Masdar Signs Agreements With Norwegian Partners To Explore Renewable and Green Hydrogen Opportunities
Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ clean energy powerhouse, has signed agreements with three Norwegian companies that reinforce its longstanding collaborations with the Nordic country.
Published on: 08 OCT 2024
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ADNOC, Masdar and Microsoft Release Powering Possible: AI and Energy for a Sustainable Future
Report highlights how AI is critical for accelerating the net-zero energy transformation by boosting efficiencies, decarbonizing existing systems, and expanding carbon-free energy sources Report draws on insights from over 400 thought leaders in technology, energy and finance, including Jensen Huang, CEO of NVIDIA, Larry Fink, CEO of BlackRock and Patrick Pouyanné, CEO of TotalEnergies Jointly authored report calls for energy sector to accelerate investment in AI to drive decarbonization while securely responding to growing global electricity demand
Published on: 31 OCT 2024
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Financial Times names Masdar City best free zone for renewable energy
Masdar City has been named “Best Free Zone for Start Up Support” by the Financial Times and has collected three other prestigious global awards. The Global Free Zone of the Year Awards hosted by the FT’s fDi Magazine are among the most high-profile awards in the free zone sector, with approximately 65 free zones entering this year’s competition. This is Masdar City’s second consecutive year receiving awards.
Published on: 21 NOV 2017
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Masdar Free Zone unveils new licences to promote clean-tech entrepreneurs at GITEX Technology Week
Masdar City, one of the world’s most sustainable urban developments, is introducing new licences to encourage entrepreneurs to set up within the City’s business free zone. The announcement coincides with the 36th Gulf Information Technology Exhibition (GITEX) taking place in Dubai from October 16-20.
Published on: 16 OCT 2016
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UAE-Caribbean Renewable Energy Fund announces major projects in five countries
The United Arab Emirates (UAE) today announced the first five projects under the US$50 million UAE-Caribbean Renewable Energy Fund (the Fund) across Antigua and Barbuda, Bahamas, Barbados, Dominica, and St. Vincent and the Grenadines. The projects will significantly reduce energy costs in the region, as well as improve resilience to natural disasters such as Hurricane Irma.
Published on: 23 SEP 2017
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Masdar-led joint venture agrees financing for largest wind farm in Serbia
Financing for one of the largest wind power projects in mainland Europe has been agreed by the project’s shareholders and lenders at a ceremony in the Serbian capital of Belgrade. Due for completion in the first half of 2019, the 158 megawatt (MW) capacity Čibuk 1 wind farm will be the largest utility-scale commercial wind project in Serbia and the Western Balkans.
Published on: 16 OCT 2017
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Global “H20 Minus C02” Desalination Alliance Convenes First Meeting at ADSW 2016
The Global Clean Water Desalination Alliance (GCWDA) held its first meeting on 19 January during Abu Dhabi Sustainability Week. The Masdar-led “H20 minus C02” Alliance was founded on 5 December on the sidelines of the Paris climate change negotiations (COP 21). The Alliance aims to bring together key water desalinationand clean energy stakeholders with the goal to reduce the CO2 emissions of the world’s water desalination. Organisations from 23 countries are members of the Alliance, including the United States, China, Korea, Japan and several European countries.
Published on: 19 JAN 2016
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Masdar and Bee’ah to Partner on Waste-to-Energy Initiatives
Masdar has signed a strategic partnership agreement with Sharjah’s environment company “Bee’ah” – the Middle East’s leading award-winning fully integrated environment and waste management company – to develop the UAE’s waste to energy sector.
Published on: 19 JAN 2016
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Ban Ki-moon Launching UN’s International Year of Sustainable Energy for All at WFES
The Secretary-General’s return to Abu Dhabi underscores the importance he places on energy issues, most notably his new Sustainable Energy for All Initiative. The Secretary-General has set three objectives for his Initiative to be achieved by 2030: ensure universal access to modern energy services; double the rate of improvement in energy efficiency; and double the share of renewable energy in the global energy mix.
Published on: 11 JAN 2012
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Youth from Across UAE Join The Student Exclusive
The Student Exclusive – a first-of-its-kind youth event at Abu Dhabi Sustainability Week (ADSW) – drew hundreds of students from across the United Arab Emirates for the January 19 event. Supporting ADSW’s mission of raising awareness about sustainable development across the Emirates, the event represented an important gathering of students on sustainability in the UAE, as part of the Middle East’s largest conference on sustainability.
Published on: 20 JAN 2016
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GRI to hold regional launch of new global sustainability reporting standards
The Global Reporting Initiative (GRI), an international independent organization that has pioneered corporate sustainability reporting since 1997, will hold the regional launch of the new GRI Standards in Abu Dhabi on 19th September 2017. The launch event is being hosted by Abu Dhabi’s renewable energy company, Masdar, is sponsored by Union National Bank and has been organized in partnership with Sustainability Excellence.
Published on: 09 SEP 2017
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MENA’s first Carbon Capture Utilisation & Storage (CCUS) project now on stream
The first commercial-scale carbon capture,utilisation &storage (CCUS) facilityin the Middle East & North Africa (MENA) is now operational and aims to sequester up to 800,000 metric tons of carbon dioxide (CO₂) per year, it was announced today.
Published on: 05 NOV 2016
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UAE Signs Agreement to Convert Green Growth Institute into Int. Organization
The United Arab Emirates has signed an agreement to convert the Global Green Growth Institute (GGGI) from a Korean Foundation to an international organization, which will now include the membership of 17 countries from around the world.
Published on: 02 JUL 2012
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Masdar City’s PRT system celebrates milestone with 2 millionth passenger
The Masdar City Personal Rapid Transit (PRT) system celebrated its 6th anniversary on 28 November, just a week after carrying its 2 millionth passenger. The PRT’s driverless pods have covered a distance of more than 891,879 km on their transit route over the past six years, and have displaced CO2 emissions equivalent to running 53 cars for a whole year.
Published on: 04 DEC 2016
