Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2019-01-21 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - From its inception in 1971 until December 2018, the Abu Dhabi Fund for Development, ADFD, the leading national entity for international development aid, has financed hundreds of development projects worth AED4.4 billion (US$1.187 billion) in the renewable energy sector around the world.

Driving the objectives of the United Nations' Sustainable Development Goals, SDGs, these projects have contributed to the production of about 2,584 MW of renewable energy in different countries.

Since 1974, ADFD has contributed to financing about AED2.7 billion ($737 million) in renewable energy projects through joint financing agreements with the governments of many developing countries. The remaining funds were allocated through innovative and strategic partnerships including the seven-cycle AED1.285 billion ($350 million) IRENA/ADFD Project Facility, the AED183.4 million ($50 million) UAE-Caribbean Renewable Energy Fund (UAE-CREF), as well as the UAE-Pacific Partnership Fund, UAE-PPF, valued at AED183.4 million ($50 million).

Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people's lives."

"Over the past four-and-a-half decades, ADFD has financed projects in the renewable energy sector that meet the national priorities of developing countries. Through securing sources of energy, these projects have enabled the production of low-cost, affordable electricity and improved standards of living in these countries," Al Suwaidi added.

In addition to supporting sustainable development in key socio-economic sectors, ADFD has funded important renewable energy projects.

In Jordan, the ADFD contributed AED550 million (US$150 million) to fund the Sheikh Zayed Solar Power Complex in line with the Jordanian government's objective of generating 20 per cent of energy from renewables by early-2020. The project involved the installation of 328,320 photovoltaic panels that will produce 227 GWh of solar power annually over a period of 20 years, enough to illuminate about 50,000 homes. The plant contributed to the creation of about 1,000 jobs during the construction phase and is set to provide 30 permanent jobs for its sustained operation and maintenance.

In Eastern Sudan, the ADFD allocated a $90 million concessionary loan and contributed to the construction of the Upper Atbara and Setit Dam Complex. In north Sudan, it provided AED735 million for the construction of the Merowe Dam. This strategic project helps the country fill its power deficit by producing electricity totalling 1,250 megawatts, benefitting more than 30 million people.

ADFD allocated an AED121 million ($33 million) concessionary loan for the development of a waste-to-energy facility in the Emirate of Sharjah. Expected to treat more than 300,000 tonnes of municipal solid waste (MSW) each year, or 37.5 tonnes per hour, the plant will have the capacity to generate around 30 megawatts of energy. Due for completion by early 2021, the facility aims to help attain Sharjah's zero-waste-to-landfill target and the UAE's objective of diverting 75 per cent of its municipal solid waste from landfills by 2021.

In the Republic of Seychelles, ADFD allocated AED103 million ($28 million) to produce clean electricity using wind turbine technology.

Diesel-powered electrical power plants were replaced with wind power. This project included the supply, installation and activation of wind turbine farms for electric power generation in several different areas of the island of Mahé.

In 2013, ADFD committed $350 million over seven funding cycles for the IRENA/ADFD Project facility. After the announcement of the sixth funding cycle in January 2019, the cumulative funding to date is $245 million.

Since the selection of projects for the first cycle in 2014, ADFD's funding has benefitted 24 renewable energy projects in 23 countries, covering up to 50 per cent of the total project costs.

Launched at the Abu Dhabi Sustainability Week 2017, UAE-CREF aims to deploy renewable energy projects with a capacity of 11 MW in 16 Caribbean countries to help reduce reliance on fossil fuel imports, stimulate economic activity and enhance climate change resilience.

At the Abu Dhabi Sustainability Week 2019, the third cycle of the $50 million UAE-Caribbean Renewable Energy Fund, CREF, was allocated to projects delivered in Jamaica, Cuba, Suriname, Trinidad & Tobago.

ADFD earmarked $50 million in funding to the UAE-Pacific Partnership Fund (UAE-PPF), with the Abu Dhabi Future Energy Company, Masdar being appointed to develop and implement renewable energy projects in 11 countries under the fund.

The first cycle of UAE-PPF funding enabled the completion of small-scale solar and wind power projects in Kiribati, Fiji, Samoa, Tonga, Tuvalu and Vanuatu.

In May 2016, phase 2 of UAE-PPF supported the delivery of renewable energy projects in the Solomon Islands, Nauru, the Marshall Islands, Palau and the Federated States of Micronesia, with a combined power generating capacity of 3.25 megawatts.

 

 -----

Earlier:

 UAE ECONOMY'S GROWTH
2018, October, 3, 08:35:00

UAE ECONOMY'S GROWTH

IMF - The UAE economy has been adapting well to a prolonged decline in oil prices since 2014. A gradual recovery in non-oil activity is under way. With oil production and government spending set to rise, overall growth is projected to strengthen to 2.9 percent this year and 3.7 percent next year. Inflation is projected at 3.5 percent this year owing to the introduction of the value-added tax and should ease afterwards. 

 

 UAE NUCLEAR MOVING
2018, July, 4, 11:50:00

UAE NUCLEAR MOVING

IAEA - H.E. Ambassador Hamad Alkaabi, UAE’s Permanent Representative at the IAEA, said: “The UAE is rapidly moving forward with the development of its peaceful nuclear energy sector. The successful conclusion of the Phase 3 INIR mission is a testament to the UAE’s commitment to upholding the highest international standards of safety, security, and transparency as we approach the commissioning of the nation’s first nuclear energy plant."

 

 UAE - S.KOREA'S NUCLEAR
2018, March, 28, 10:35:00

UAE - S.KOREA'S NUCLEAR

WNN - President Moon Jae-in of South Korea and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan attended a ceremony to celebrate the completion of construction at the United Arab Emirates' first nuclear power reactor.

 

 

 THE NEW TIMES OF UAE
2016, October, 20, 18:30:00

THE NEW TIMES OF UAE

An oasis of calm in a hot region, the UAE is at once a critical geo-market and the ideal gateway to the most important oil and gas region in the world.

 

 

 

 US & UAE AGREEMENT
2014, October, 5, 14:15:00

US & UAE AGREEMENT

A memorandum of understanding signed by the US and the United Arab Emirates will focus on five areas: energy policy formulation, energy efficiency, the energy-water nexus, carbon capture and storage, and unconventional oil and gas development.

 
 

 

Tags: ABU DHABI, UAE, EMIRATES, RENEWABLE, INVESTMENT
EMIRATES RENEWABLE INVESTMENT AED4.4 BLN February, 18, 12:30:00

OIL PRICE: ABOVE $66

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN February, 18, 12:25:00

OIL DEMAND GROWTH 1.4 MBD

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN February, 18, 12:20:00

BRENT OIL: UNDERVALUED

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN February, 18, 12:15:00

U.S. OIL PRODUCTION 11.9 MBD AGAIN

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN February, 18, 12:10:00

BENEFIT FOR RUSSIA

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN February, 18, 12:05:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

All Publications »

Chronicle:

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN
2019, February, 18, 12:00:00

БЫСТРАЯ СИЛА СИБИРИ

ГАЗПРОМ - Как отметил по итогам переговоров Алексей Миллер, «строительство газопровода „Сила Сибири“ идет с опережением графика, „Газпром“ начнет поставки газа в Китай раньше намеченного срока — уже с 1 декабря 2019 года».

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN
2019, February, 18, 11:55:00

U.S. TIGHT OIL PRODUCTION 7 MBD

U.S. EIA - In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production.

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN
2019, February, 18, 11:50:00

U.S. SHALE NEED INVESTMENT

REUTERS - On Thursday, the regional price of crude was at a $1.10 a barrel premium to U.S. crude futures, the strongest in more than a year as companies including Parsley Energy, Pioneer Natural Resources, Goodrich Petroleum Corp have pared their exploration budgets, easing the constraints.

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN
2019, February, 18, 11:45:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.6%

U.S. FRB - Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.

All Publications »