The international renewable energy group IRENA announced the first six recipients of concessional loans for off grid renewable energy projects that are “ready for the shovel,” as Director General Adnan Z. Amin put it in a press conference yesterday. They will receive a combined $41 million from the Abu Dhabi Fund for Development (ADFD).
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Two of the top four oil-producing OPEC members, Saudi Arabia and the United Arab Emirates, have joined forces in a push to secure $1 billion in funding for Middle East solar-power, Bloomberg reports.
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It’s a sea-change for a region so linked to the hydrocarbon, but new clean energy initiatives are heating up the Middle East. Thanks to the 2013 Abu Dhabi Sustainability Week (we were invited to), some new development partnerships between United Arab Emirates renewables company, Masdar, and both the Jordanian and French governments were formed; Greenpeace released Jordan’s […]
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The award to design Masdar‘s new super-green headquarters in Abu Dhabi has been given to Brookfield Multiplex, the group announced recently. The Australian firm was awarded the contract to design and construct the seven story building in the Gulf nation, which will feature a whopping 344,445 square feet of interior space and a massive rooftop […]
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Mr. Amin claims that government subsidies given to the fossil fuel industry impedes serious growth of the renewable sector. On Sunday, Israel made a public NIS2.2 billion (US$0.6 billion) commitment to reduce greenhouse gas emissions. That announcement came just days after Rupert Murdoch and Lord Jacob Rothschild bought shares in Genie Oil & Gas Inc., […]
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