Environment & Energy | Wednesday 16 January, 2019 1:52 am

Masdar agrees to acquire stakes in two US wind farms

The Abu Dhabi Future Energy Company (Masdar), has announced the execution of a share purchase agreement (SPA) to acquire John Laing Group plc’s (John Laing) interest in two wind farms in the United States, marking the first time the Abu Dhabi-based company has invested in renewable energy...

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Environment & Energy | Wednesday 16 January, 2019 12:27 am

Saudi urges ‘fair’ energy transition, defends oil

Top oil exporter Saudi Arabia called Tuesday for a “fair” and gradual global energy transition as it unveiled an ambitious domestic renewable energy program. Experts say energy output from renewables, especially solar and wind, is growing faster than anticipated, threatening to...

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Environment & Energy | Wednesday 16 January, 2019 12:13 am

Emirates Insolaire showcases coloured solar panel technology and projects at World Future Energy Summit

Emirates Insolaire LLC, a pioneer in solar technologies and a joint venture between Dubai Investments PJSC and InsOglass S.A., showcased its range of sustainable, energy-efficient coloured solar panel technology along with examples of its project work at the World Future Energy Summit, the global...

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Environment & Energy | Tuesday 15 January, 2019 4:28 pm

Cepsa and Masdar focus their collaboration on renewables in Spain and Portugal

Cepsa and Abu Dhabi Future Energy Company (Masdar) have strengthened their collaboration in renewables by today signing a Partnership Agreement at Abu Dhabi Sustainability Week, one of the world’s largest gatherings on sustainability that is currently being held in the UAE capital. After...

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Environment & Energy | Tuesday 15 January, 2019 1:32 pm

Masdar and Taaleri to launch a joint venture to accelerate wind and solar renewable energy development in Central and Eastern Europe

Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, signed an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build...

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Environment & Energy | Tuesday 15 January, 2019 4:28 am

Riyadh-based firm plans to make solar panels

ACWA Power plans to expand into solar panel manufacturing, its chief executive said, in a move which would put the power and water plants developer at the heart of Saudi Arabia’s plans to develop its renewable power industry. Riyadh-based ACWA Power, partly owned by Saudi’s Public...

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Environment & Energy | Tuesday 15 January, 2019 3:27 am

Demand for oil is strong, says Saudi energy minister

Saudi Arabia’s Energy Minister Khalid Al-Falih said that oil demand remains strong and that he sees no impact from US-China trade tensions. “The global economy is strong enough, I’m not too concerned. If a slowdown happens, it will be mild, shallow and short,” he told...

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Environment & Energy | Monday 14 January, 2019 2:12 am

Oil price forecast at $70 for 2019

Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December. Despite recent market volatility and economic jitters, the bank sees oil demand growth remaining roughly unchanged at 1.2 million barrels a day...

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Environment & Energy | Sunday 13 January, 2019 6:47 pm

Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon Economy

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning. As global demand...

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Environment & Energy | Sunday 13 January, 2019 3:12 am

Saudi energy minister visits Pakistan’s Gwadar oil refinery site

Saudi Arabia’s Minister of Energy Khalid A Al-Falih on Saturday visited the port city of Gwadar to witness development work and the area allocated for a multibillion oil refinery. Pakistan and Saudi Arabia are in talks over an agreement to install the Saudi Aramco Oil Refinery in...

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