Tag Archives: renewable-energy

Business & Investments

Masdar Accelerates U.S. Renewables Expansion

Closes Acquisition of 50% Stake in Terra-Gen

  • Masdar’s joint ownership of Terra-Gen demonstrates long-term commitment to investing in and supporting U.S. energy transition
  • Terra-Gen’s gross operating portfolio comprises 3.8GW of wind, solar and battery storage projects, including 5.1GWh of energy storage facilities across 30 renewable power sites
  • Terra-Gen’s 12GW+ pipeline includes new windfarm and new solar park to start commercial operations in 2025

ABU DHABI, United Arab Emirates & NEW YORK – OCTOBER 01, 2024 – Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the United Arab Emirates’ clean energy powerhouse, today announced the closing of its acquisition of a 50 percent stake in Terra-Gen Power Holdings II, LLC (“Terra-Gen” or “the Company”), one of the largest independent renewable energy producers in the United States, from Energy Capital Partners (“ECP”).

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Technologies

du takes a lead on sustainability in 2024, surpasses H1 waste management goals

du’s strategy to fine-tune its waste management approach fosters a culture that supports the telco’s net-zero objective.

Dubai, UAE, September 30, 2024: du, from Emirates Integrated Telecommunications Company (EITC), in partnership with leading smart and green facilities management company Farnek, today announced that it has exceeded its first-quarter waste management targets, achieving a significant 21% diversion of waste from landfills across all du locations in the UAE, a total of 145 sites. This milestone is a part of du’s larger commitment to sustainability and its journey towards Net Zero emissions, marking a promising start to an ambitious three-year plan.

Adel Al Raees, Head of Corporate Communication & Protocol at du

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Business & Investments

Masdar to Acquire Saeta from Brookfield for $1.4 Billion

  • As an established renewables platform equipped with end-to-end capabilities and strong growth opportunities, Saeta strengthens Masdar’s footprint in the Iberian Peninsula
  • Successful execution of Brookfield’s business plan resulted in significant value creation and growth of Saeta
  • The transaction would see Masdar acquire a portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal
  • Deal advances Masdar’s growth plans in the region, representing one of Spain and Portugal’s largest renewable energy transactions, as the company targets global capacity of 100GW by 2030
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Business & Investments

Ma Hawa: MENA Home to 15 Most Water-Scarce Countries Requiring Further Innovation to Ensure Water Security

Abu Dhabi, United Arab Emirates; 18 September 2024:

The Middle East and North Africa (MENA) region faces an unprecedented water crisis, with 15 out of the 20 most water-scarce countries located in the region. At the same time, reports suggest that by 2030, the amount of water available per capita in the MENA will plummet below the absolute water scarcity threshold of 500 cubic meters per person. To address these critical issues, much more collaboration, R&D efforts and innovative technology transformation are needed, while innovative water-sourcing solutions play a crucial role.

 This was highlighted by Amro Asmael, Head of Marketing at Ma Hawa, during a panel discussion at the Arab Water Forum, happening as a part of the World Utilities Congress 2024 at the ADNEC, Abu Dhabi. The panel addressed the potential AI and other technologies in the future of water resource management under the theme, “Digital Transformation & AI for Smart Water Management.”

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