PJSC

Deputy Ruler of Abu Dhabi Inaugurates World's Largest Single-Site Solar Power Plant Ahead of COP28

Retrieved on: 
Friday, November 17, 2023

In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.

Key Points: 
  • In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.
  • This world-leading solar project demonstrates remarkable progress in solar power efficiency, innovation and cost competitiveness - setting a new record-low tariff.
  • Developing the world's largest single-site solar power plant is a milestone achievement that required vision, partnership and a pioneering spirit.
  • The plant will supply power to the procurer EWEC – following the Power Purchase Agreement (PPA) signed in 2020 - and will raise Abu Dhabi's solar power production capacity to 3.2GW.

Deputy Ruler of Abu Dhabi Inaugurates World's Largest Single-Site Solar Power Plant Ahead of COP28

Retrieved on: 
Friday, November 17, 2023

In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.

Key Points: 
  • In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.
  • This world-leading solar project demonstrates remarkable progress in solar power efficiency, innovation and cost competitiveness - setting a new record-low tariff.
  • Developing the world's largest single-site solar power plant is a milestone achievement that required vision, partnership and a pioneering spirit.
  • The plant will supply power to the procurer EWEC – following the Power Purchase Agreement (PPA) signed in 2020 - and will raise Abu Dhabi's solar power production capacity to 3.2GW.

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region

Retrieved on: 
Thursday, October 26, 2023

BAKU, Azerbaijan, Oct. 26, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar, the UAE's clean energy powerhouse, has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region's largest operational solar plant, the 230MW Garadagh Solar Park.

Key Points: 
  • This follows the successful development of Garadagh, Azerbaijan's first foreign investment-based independent solar power project, and the largest solar plant in the region.
  • The 1GW clean energy agreements were signed by Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, Azerbaijan Minister of Energy, HE Parviz Shahbazov and Azerbaijan Minister of the Economy, HE Mikayil Jabbarov.
  • "The UAE is proud to support Azerbaijan's clean energy goals, to generate more than 30 percent of its overall energy capacity from renewables by 2030.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "The inauguration of Garadagh, the largest operational plant in the region, is a milestone achievement.

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region

Retrieved on: 
Thursday, October 26, 2023

BAKU, Azerbaijan, Oct. 26, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar, the UAE's clean energy powerhouse, has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region's largest operational solar plant, the 230MW Garadagh Solar Park.

Key Points: 
  • This follows the successful development of Garadagh, Azerbaijan's first foreign investment-based independent solar power project, and the largest solar plant in the region.
  • The 1GW clean energy agreements were signed by Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, Azerbaijan Minister of Energy, HE Parviz Shahbazov and Azerbaijan Minister of the Economy, HE Mikayil Jabbarov.
  • "The UAE is proud to support Azerbaijan's clean energy goals, to generate more than 30 percent of its overall energy capacity from renewables by 2030.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "The inauguration of Garadagh, the largest operational plant in the region, is a milestone achievement.

As Countdown for COP28 Gets Underway, Carbon Trading Goes Live in Abu Dhabi

Retrieved on: 
Thursday, October 26, 2023

ABU DHABI, UAE, Oct 26, 2023 - (ACN Newswire) - ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.

Key Points: 
  • ABU DHABI, UAE, Oct 26, 2023 - (ACN Newswire) - ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.
  • ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi's global tech ecosystem.
  • The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.
  • Sameh Al Qubaisi, Group Head of Global Markets at First Abu Dhabi Bank, said, "We are delighted to execute the first trade on ACX Abu Dhabi.

ACX Announces Key Trades on World's First Regulated Carbon Exchange and Clearing House in ADGM

Retrieved on: 
Wednesday, October 25, 2023

ABU DHABI, UAE and SINGAPORE , Oct. 25, 2023 /PRNewswire/ -- ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.

Key Points: 
  • ABU DHABI, UAE and SINGAPORE , Oct. 25, 2023 /PRNewswire/ -- ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.
  • ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi's global tech ecosystem.
  • The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.
  • "ACX is proud to be the world's first fully regulated spot carbon environmental exchange and clearing house.

ACX Announces Key Trades on World's First Regulated Carbon Exchange and Clearing House in ADGM

Retrieved on: 
Wednesday, October 25, 2023

ABU DHABI, UAE and SINGAPORE, Oct. 25, 2023 /PRNewswire/ -- ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.

Key Points: 
  • ABU DHABI, UAE and SINGAPORE, Oct. 25, 2023 /PRNewswire/ -- ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.
  • ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi's global tech ecosystem.
  • The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.
  • "ACX is proud to be the world's first fully regulated spot carbon environmental exchange and clearing house.

VEON closes the sale of its Russia operations, completes its exit from Russia

Retrieved on: 
Monday, October 9, 2023

As previously announced, the transaction does not provide for any buy-back arrangements and signifies a complete exit from the Russian market for VEON – a company that serves six exciting and high-potential emerging markets, delivering higher growth and operating with a lower leverage and ample liquidity.

Key Points: 
  • As previously announced, the transaction does not provide for any buy-back arrangements and signifies a complete exit from the Russian market for VEON – a company that serves six exciting and high-potential emerging markets, delivering higher growth and operating with a lower leverage and ample liquidity.
  • VEON Group CEO Kaan Terzioglu commented: “The closing of the sale and the completion of our exit from Russia allow us to fully focus our energy on the way forward, meeting the growing demand in our markets – Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan – with our digital operator strategy.
  • I am pleased to note that we are now in a much stronger position to deliver our strategic priorities.
  • We would like to thank all our stakeholders and regulatory bodies, including U.S. Treasury, who have supported our Company through this process.”

This Week in Energy News: 10 Stories You Need to See

Retrieved on: 
Friday, October 6, 2023

NEW YORK, Oct. 6, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the energy and natural resources industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

Key Points: 
  • The emissions reduction is expected to exceed 469,000 metric tonnes of CO2.
  • These are just a few of the recent press releases that consumers and the media should know about.
  • Subject Matter Experts: Access ProfNet , a database of industry experts to connect with as sources or for quotes in your articles.
  • Related Resources: Read and subscribe to our journalist- and blogger-focused blog, Beyond Bylines , for media news roundups, writing tips, upcoming events, and more.

Under the UAE President's Directives, HH Khaled bin Mohamed bin Zayed Al Nahyan Launches First UAE Wind Program, Showcasing Low Wind Innovation

Retrieved on: 
Thursday, October 5, 2023

The UAE Wind Program is expected to power over 23,000 UAE homes a year.

Key Points: 
  • The UAE Wind Program is expected to power over 23,000 UAE homes a year.
  • A 45 MW capacity wind farm plus 14 MWp (megawatt peak) solar farm has been developed on the island.
  • The other wind farm locations include the historical pearl-diving center, Delma Island (27MW) in Abu Dhabi, Al Sila, Abu Dhabi (27MW) and Al Halah, Fujairah (4.5MW).
  • Previously wind energy was not viable due to low wind speeds in the UAE, but innovations within climate technology and UAE-led expertise made wind power possible.