Terra Nex Financial Engineering AG Switzerland (Terra Nex) and Middle East Best Select (MEBS) Group of Funds have announced plans for a major US$2 billion project to develop solar power resources within Oman.
Masdar and C3, a energy and emissions management solutions provider, announced today that Masdar is using C3?s energy management technology in Masdar City to monitor and optimize energy, water, sustainable transportation and waste.
Dubai has launched a solar energy project that will generate 1,000 MW and is estimated to cost US$3.26 billion.
The President of Germany, Christian Wulff, visited Masdar in a visit that underscores the growing cooperation between the Abu Dhabi and Germany in the renewable energy industry.
The President was received by Dr. Sultan Al Jaber, CEO of Masdar, and provided with a comprehensive presentation of Masdar's innovative approach to developing scalable and commercially viable clean technologies and renewable energy.
The briefing covered all aspects of the value chain in the renewable energy sector including education; research and development; investment in clean technology; renewable energy power generation, carbon capture and storage, as well as sustainable and urban developments.
President Wulff said: "German companies and academic institutions should look for ways to collaborate with Masdar. The long-term strategic partnership with Siemens is an example of how cooperation between our nations can be successful. Similarly, academic institutions should find ways to partner with the Masdar Institute of Science and Technology on innovative research and development projects."
The President stressed the important role Masdar is playing in strengthening ties and building bridges between the two nations.
"Germany has played a major role in redefining the energy industry, helping pave the way for renewable energy around the world. The UAE and Germany have similar visions for a clean energy future, and we look forward to further strengthening our relationship" said Dr. Sultan Al Jaber, Chief Executive Officer of Masdar.
Germany is at the forefront of the renewable energy industry and during the visit, President Wulff and Dr. Al Jaber discussed areas of potential future collaboration.
The UAE and Germany have multiple collaborative projects including partnerships with Siemens and E.ON. Siemens and Masdar have been working together since 2010 on a long-term strategic partnership, which includes Siemens moving their regional headquarters to Masdar City, accommodating more than 2,000 full-time staff.
In addition, Masdar has entered into a joint venture with the German company E.ON. The venture covers carbon capture and storage, as well as equity investment and technical development of projects in emerging markets.
Sonelgaz, Algeria's national power and gas utility, has signed a memorandum of understanding(MoU) to cooperate with the European Desertec consortium that plans to harness solar energy and other renewables in the MENA region.
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