The United Arab Emirates (UAE) is the world’s sixth largest oil producer and the third-richest country in the world with a GDP per capita of US$57,744. Currently, it is petroleum and natural gas reliant; however, Economy with Vision 2021 is committed to establishing a green economy for sustainable development there, which includes a strong digitalization strategy.
Abu Dhabi-based Masdar says that the United States offers “considerable scope for further growth.”
Masdar is launching a pilot green hydrogen project in the United Arab Emirates. In a recent conversation with pv magazine, two company officials described the project and explained how the hydrogen will be used for road transport, aviation and shipping in Masdar City.
Swedish start-up Azelio says it will have a pilot project up and running in Masdar City by the end of next month. The technology sees electricity used to super heat aluminum with energy released on demand via a heat transfer fluid to drive a Stirling engine.
It has been two years since Fotowatio Renewable Ventures won the bid to develop the 55 MW site and with finance finally secured, the build can go ahead.
Plans to issue a request for proposals related to the contracts to develop twin 500-600 MW solar plants in the sultanate by the end of this month appear to have slipped but the head of awarding utility the Oman Power and Water Procurement Company has reportedly stated the process is in train.
Abu Dhabi-based renewable energy group Masdar is sailing into the Southeast Asian solar market with Indonesia’s first floating solar project. The petro-state owned developer says the facility will be the largest in the region.
The procurement exercise, which includes 250 MW of wind to be developed by Saudi Arabia’s ACWA Power, was launched in March. The plant will be built at a site located 75 kilometers southwest of Baku. The authorities have not provided any information on final auction prices.
Oman Power and Water Procurement Co. has named eight of the nine bidders vying to develop twin 500-600 MW solar plants in the sultanate, but the energy off-taker has sown doubt by claiming that the contracts will be awarded to private sector entities.
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