To date, the EBRD has signed €34 billion in green investments, financed over 1900 green projects that are expected to reduce 102 million tonnes of carbon emissions yearly. In 2019 alone, the Bank financed over 2.2 GW of new renewable power capacity.

France's EDF missed its 2019 target, with nuclear output hurt by outages falling 3.5% to 379.5 TWh.

"At ADNOC we are well on track to increase crude oil production capacity to 4mbpd by the end of this year, and we made significant new discoveries last year that moved the UAE from the seventh to the sixth-largest in oil and gas reserves in the world," Al Jaber said.

The increase in spending to between 85 billion and 95 billion yuan ($12.34 billion to $13.79 billion) compares with 2019 capital expenditure estimated at 80.2 billion yuan, slightly more than previous expectations.

In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina [PERTM.UL] and PT Chandra Asri Petrochemicals (TPIA.JK), UAE state news agency WAM reported.

The Abu Dhabi National Oil Company, ADNOC, announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.

Offshore wind power operators in the German North Sea raised generation capacity by 20.9% percent to 6,436 megawatts (MW) last year, grid company TenneT GmbH said on Monday, close to a government target for 2020 of 6,500 MW.

The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi.

Under the agreement, Masdar will develop, build and operate the 200MW solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022.

The ceremony was held in the presence of Ali Asadov, Prime Minister of Azerbaijan; Parviz Shahbazov, Minister of Energy; Mohammad Abunayyan, Chairman of ACWA Power, and Rajit Nanda, Chief Investment Officer of ACWA Power.

Успешная реализация совместного российско-турецкого проекта “Турецкий поток” наглядно свидетельствует о том, что стратегическое партнерство России и Турции дает значимые, осязательные результаты, подчеркнул Владимир Путин в ходе торжественной церемонии открытия. Он особо отметил, что экспорт газа из России в Турцию осуществляется около 30 лет.

“Энергетическое взаимодействие России и Турции переживает подъем и поступательно развивается по всем направлениям. Уверен, что “Турецкий поток” внесет существенный вклад в энергобезопасность не только Турции, но и стран Южной и Юго-Восточной Европы, повышая их энергетическую устойчивость. Турция, в свою очередь, остается одним из крупнейших покупателей российского природного газа”, - заверил глава Минэнерго России.

TurkStream, which is laid in the Black Sea, is a link between the gas transmission systems of Russia and Turkey. The gas pipeline has two strings with a combined throughput capacity of 31.5 billion cubic meters. The first string will deliver gas to Turkey, while the second string is intended for gas transit to southern and southeastern Europe through Turkish territory.

Aramco has vowed to pump almost $160 billion into growth in the natural gas sector over the next decade, with a sizable portion of that money to be designated for LNG projects overseas.

The best story, really, is in the Middle East, because we have Abu Dhabi, which became our logistic and technological hub in the region. We have all our people here, and we set up very quickly.