As power demand across the GCC is likely to double by 2020 to 215GW, the potential exists for member states to generate at least 25GW of its energy from renewable sources by the end of the decade, according to a report by Frost & Sullivan
Energy
TAQA finalises US$330 million financing for Ghana plant
Abu Dhabi National Energy Company (TAQA) and partner Volta River Authority (VRA) have announced the completion of US$330mn financing for the expansion of Ghana?s Takoradi 2 power facility
Oil price driving alternate energy in Middle East and North Africa
The renewable energy units of First Solar Inc (FSLR) and Abengoa SA (ABG) are targeting the Middle East and North Africa as utilities seek to cut reliance on burning oil and natural gas from power plants
YFEL launches off-grid solar power project in UAE
Young Future Energy Leaders (YFEL) programme has proposed an innovative off-grid solar power project that will collect electricity at healthcare facilities in remote areas of the UAE and sub-Saharan Africa
DEWA, ESIA inaugurate solar system in UAE
The Dubai Electricity and Water Authority (DEWA) and Emirates Solar Industry Association (ESIA) have completed the first solar power facility inside an existing power plant in Jebel Ali