Infinity Power Chutes

Masdar Advances 10GW Africa Growth Plan to Unlock Energy Transition in Six Sub-Saharan Nations

Retrieved on: 
Thursday, December 7, 2023
Ministry, Concession, G2G, Watt, Carbon, PGE, Roadmap, Research, Water, COP28, Investment, Mineral Resources Limited, Congo, Geothermal Development Company, ZESCO, PJSC, Mining, Africa50, Wind, Memorandum of understanding, Republic, Infinity Power Chutes, Partnership, McKinsey & Company, Electricity, IRH, Initiative, Renewable energy, Energy, Masdar

DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.

Key Points: 
  • DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.
  • These agreements support the development of clean energy portfolios across several markets in Africa, helping to unlock that potential and deliver improved levels of energy security to its population.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "Masdar's growth plans will help unlock Africa's clean energy potential and further advance its energy transition.
  • Masdar's commitment aims to mobilize a total of US$10 billion in investments to deliver 10GW of clean energy capacity in Africa by 2030.

Masdar Advances 10GW Africa Growth Plan to Unlock Energy Transition in Six Sub-Saharan Nations

Retrieved on: 
Thursday, December 7, 2023
Ministry, Concession, G2G, Watt, Carbon, PGE, Roadmap, Research, Water, COP28, Investment, Mineral Resources Limited, Congo, Geothermal Development Company, ZESCO, PJSC, Mining, Africa50, Wind, Memorandum of understanding, Republic, Infinity Power Chutes, Partnership, McKinsey & Company, Electricity, IRH, Initiative, Renewable energy, Energy, Masdar

DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.

Key Points: 
  • DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.
  • These agreements support the development of clean energy portfolios across several markets in Africa, helping to unlock that potential and deliver improved levels of energy security to its population.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "Masdar's growth plans will help unlock Africa's clean energy potential and further advance its energy transition.
  • Masdar's commitment aims to mobilize a total of US$10 billion in investments to deliver 10GW of clean energy capacity in Africa by 2030.

Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes and Boost Just Energy Transition

Retrieved on: 
Saturday, December 2, 2023
Ministry, Carbon, Agriculture, Water, UN, COP28, Agreement, PJSC, Friends, Infinity Power Chutes, Partnership, Electricity, COP, Renewable energy, Masdar

In Angola, less than half of the population has access to electricity, that proportion falls even further in rural areas.

Key Points: 
  • In Angola, less than half of the population has access to electricity, that proportion falls even further in rural areas.
  • We are delighted to be moving forward with plans to build this solar power plant in Angola that will bring vital clean energy and jobs to communities.
  • The solar plant will support homes and businesses to leapfrog from patchy, traditional-fuel powered electricity to accessing continuous clean energy.
  • The solar project in Quipungo forms part of a wider commitment made by Masdar in January, during Abu Dhabi Sustainability Week 2023, to develop 5 gigawatts (GW) of renewable energy projects across Angola, Uganda and Zambia.

Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes and Boost Just Energy Transition

Retrieved on: 
Saturday, December 2, 2023
Ministry, Carbon, Agriculture, Water, UN, COP28, Agreement, PJSC, Friends, Infinity Power Chutes, Partnership, Electricity, COP, Renewable energy, Masdar

In Angola, less than half of the population has access to electricity, that proportion falls even further in rural areas.

Key Points: 
  • In Angola, less than half of the population has access to electricity, that proportion falls even further in rural areas.
  • We are delighted to be moving forward with plans to build this solar power plant in Angola that will bring vital clean energy and jobs to communities.
  • The solar plant will support homes and businesses to leapfrog from patchy, traditional-fuel powered electricity to accessing continuous clean energy.
  • The solar project in Quipungo forms part of a wider commitment made by Masdar in January, during Abu Dhabi Sustainability Week 2023, to develop 5 gigawatts (GW) of renewable energy projects across Angola, Uganda and Zambia.

10+ Countries Join First-of-Its-Kind Consortium to Deploy 5 GW of Battery Energy Storage Systems

Retrieved on: 
Saturday, December 2, 2023
National Renewable Energy Laboratory, Rockefeller Foundation, International Energy Agency, SDG7, GLC, Conference, BESS, African Development Bank, Multilateralism, Asian Development Bank, AFD, Energy, Inter-American Development Bank, ADB, Infinity Power Chutes, NREL, Kingdom, COP29, Consortium, IDB, RMI, Climate, Partnership, Sustainable energy, GIZ, Economic development, World Bank, ESMAP, COP28, CO2, Renewable energy, Developing country

Through the BESS Consortium, these first-mover countries are part of a collaborative effort to secure 5 gigawatts (GW) of BESS commitments by the end of 2024.

Key Points: 
  • Through the BESS Consortium, these first-mover countries are part of a collaborative effort to secure 5 gigawatts (GW) of BESS commitments by the end of 2024.
  • In order to achieve the estimated 400 GW of renewable energy needed to alleviate energy poverty by 2030 and save a gigaton of CO2, 90 GW of storage capacity must be developed.
  • Battery Storage Systems are a critical element to increasing the reliability of grids and accommodating the variable renewable energy sources that are needed to power economic development.
  • The BESS Consortium is a multi-stakeholder partnership set up to ensure these BESS benefits transform energy systems across low- and middle-income countries (LMICs).

10+ Countries Join First-of-Its-Kind Consortium to Deploy 5 GW of Battery Energy Storage Systems

Retrieved on: 
Saturday, December 2, 2023
National Renewable Energy Laboratory, Rockefeller Foundation, International Energy Agency, SDG7, GLC, Conference, BESS, African Development Bank, Multilateralism, Asian Development Bank, AFD, Energy, Inter-American Development Bank, ADB, Infinity Power Chutes, NREL, Kingdom, COP29, Consortium, IDB, RMI, Climate, Partnership, Sustainable energy, GIZ, Economic development, World Bank, ESMAP, COP28, CO2, Renewable energy, Developing country

Through the BESS Consortium, these first-mover countries are part of a collaborative effort to secure 5 gigawatts (GW) of BESS commitments by the end of 2024.

Key Points: 
  • Through the BESS Consortium, these first-mover countries are part of a collaborative effort to secure 5 gigawatts (GW) of BESS commitments by the end of 2024.
  • In order to achieve the estimated 400 GW of renewable energy needed to alleviate energy poverty by 2030 and save a gigaton of CO2, 90 GW of storage capacity must be developed.
  • Battery Storage Systems are a critical element to increasing the reliability of grids and accommodating the variable renewable energy sources that are needed to power economic development.
  • The BESS Consortium is a multi-stakeholder partnership set up to ensure these BESS benefits transform energy systems across low- and middle-income countries (LMICs).

Masdar and Africa50 Join Forces to Accelerate Clean Energy Transition Across Africa

Retrieved on: 
Thursday, September 7, 2023
Ministry of Foreign Affairs (South Korea), Partnership, COP28, Infinity Power Chutes, Foreign Affairs, ECI, Ministry, Abu Dhabi, African Development Bank, Climate change, MOFA, IPH, COP27, Etihad Credit Insurance, Abu Dhabi Fund for Development, Memorandum of understanding, African Union Commission, Renewable energy, Drug, Masdar

Masdar brings its technical expertise and extensive experience in emerging markets, while Africa50 brings its experience developing projects in Africa, which combined can help unlock Africa's tremendous clean energy potential.

Key Points: 
  • Masdar brings its technical expertise and extensive experience in emerging markets, while Africa50 brings its experience developing projects in Africa, which combined can help unlock Africa's tremendous clean energy potential.
  • Masdar, one of the world's largest clean energy companies and the largest in Africa, committed US$2 billion of equity as part of the UAE finance initiative, which was announced during Africa Climate Summit by HE Dr. Sultan Al Jaber, Chairman of Masdar and COP28 President-Designate.
  • We need the public and private sectors to work together to deliver clean energy access across Africa – a key mission and objective of Africa50.
  • This landmark investment will target the delivery of 10GW of clean energy capacity in Africa by 2030.

Masdar and Africa50 Join Forces to Accelerate Clean Energy Transition Across Africa

Retrieved on: 
Thursday, September 7, 2023
Ministry of Foreign Affairs (South Korea), Partnership, COP28, Infinity Power Chutes, Foreign Affairs, ECI, Ministry, Abu Dhabi, African Development Bank, Climate change, MOFA, IPH, COP27, Etihad Credit Insurance, Abu Dhabi Fund for Development, Memorandum of understanding, African Union Commission, Renewable energy, Drug, Masdar

Masdar brings its technical expertise and extensive experience in emerging markets, while Africa50 brings its experience developing projects in Africa, which combined can help unlock Africa's tremendous clean energy potential.

Key Points: 
  • Masdar brings its technical expertise and extensive experience in emerging markets, while Africa50 brings its experience developing projects in Africa, which combined can help unlock Africa's tremendous clean energy potential.
  • Masdar, one of the world's largest clean energy companies and the largest in Africa, committed US$2 billion of equity as part of the UAE finance initiative, which was announced during Africa Climate Summit by HE Dr. Sultan Al Jaber, Chairman of Masdar and COP28 President-Designate.
  • We need the public and private sectors to work together to deliver clean energy access across Africa – a key mission and objective of Africa50.
  • This landmark investment will target the delivery of 10GW of clean energy capacity in Africa by 2030.

COP28 Presidency Announces US$4.5 Billion UAE Finance Initiative to Unlock Africa's Clean Energy Potential

Retrieved on: 
Tuesday, September 5, 2023
Ministry of Foreign Affairs (South Korea), Private sector, United Nations Framework Convention on Climate Change, Paris Agreement, Partnership, COP28, African Development Bank, Global stocktake, Infinity Power Chutes, UNFCCC, Etihad Airways, Initiative, Policy, Electricity, Foreign Affairs, Climate change, ECI, Carbon, COP, Ministry, Abu Dhabi, US, Expo 2020, MOFA, Investment, Abu Dhabi Fund for Development, Etihad Credit Insurance, Economic development, Africa50, Growth, Conference, Renewable energy, Financial services, Drug, Food delivery, Cryptocurrency, African, Flickr, Masdar, Global North and Global South, Stock-taking

Dr. Sultan Al Jaber, during keynote address at African Climate Summit in Nairobi, the investment initiative will help unlock Africa's clean energy potential.

Key Points: 
  • Dr. Sultan Al Jaber, during keynote address at African Climate Summit in Nairobi, the investment initiative will help unlock Africa's clean energy potential.
  • The COP28 President-Designate calls on Africa leaders to set out clear long-term transition and investment plans, along with policy and regulatory frameworks to unlock commercial finance for clean energy projects.
  • New initiative aligns with COP28 Presidency call for global tripling of renewable energy by 2030 and push to make finance more available, accessible and affordable.
  • Dr. Sultan Al Jaber, announced today a UAE finance initiative that will provide US$4.5 billion to help unlock Africa's clean energy potential.

UAE and Egypt Advance Development of Africa's Biggest Wind Farm

Retrieved on: 
Tuesday, June 6, 2023
New and Renewable Energy Authority, Paris, Paris Agreement, COP28, Partnership, Justice, Infinity Power Chutes, United States Department of Justice Civil Division, ABU, Adani Transmission, Lekela Power, Carbon, 2022 United Nations Climate Change Conference, Wind, Ministry of Electricity and Renewable Energy (Egypt), Climate change, COP27, UN, Natural gas, Infinity, Global North and Global South, Ministry of Industry and Advanced Technology (United Arab Emirates), PJSC, Farm, Renewable energy, Electricity, Emirates, African, Masdar

The wind farm will also help Egypt meet its strategic objective of sourcing 42 percent of its energy from renewables by 2030.

Key Points: 
  • The wind farm will also help Egypt meet its strategic objective of sourcing 42 percent of its energy from renewables by 2030.
  • The 10 GW plant will save the North African nation an estimated US$ 5 billion in natural gas costs a year.
  • As the UAE's flagship renewable energy company, Masdar's role demonstrates its deep and lasting commitment towards supporting African nations such as Egypt to meet their ambitious renewable energy objectives.
  • Egypt is the Middle East and North Africa's most populous country and has an abundance of renewable energy sources, including wind and solar.