Sunday, June 24, 2018
Directory Directory Subscribe
Login
 

UAE's Masdar invest $300 million in Jordan solar power project

 
 

Please, enter data

Please, enter data

Reuters, 20 January 2016

Abu Dhabi green energy firm Masdar is investing around $300 million in a solar power project in Jordan, with more investments planned across the Middle East and North Africa, its chief executive told Reuters.

The company aims to double its total generating capacity in the next five to ten years, Ahmad Belhoul said.

Masdar, wholly owned by Abu Dhabi investment fund Mubadala plans to build a 200 megawatt (MW) solar project in Jordan, its second renewables project in that country.

"We signed the agreement today and expect financial close in the fourth quarter of 2016," Belhoul said. Masdar began operating an onshore wind farm in Jordan last month.

Masdar, which has invested $1.7 billion so far in renewable energy projects since it was established a decade ago, is looking at opportunities across many countries in the Middle East and North Africa, Belhoul said.
 
"If the business case and regulations are strong, we will be there. Expect us to invest more going forward," Belhoul said.

Masdar's current capacity stands at 1,000 MW with a further 500 MW under construction. "We would like to double our capacity in the next five to ten years - that is our target," Belhoul said, citing falling costs and a global emphasis on renewables.

"Prices of solar photovoltaic are down by 60 to 70 percent in the last six years, prices of wind power projects have also dropped. And with changing government policies, the economic case for renewables is clear."

Asked if Masdar might pull back from its investments in Britain because of its strong focus on the Middle East and North Africa, Belhoul said that since Masdar was still in growth mode, "no decision is made right now."
Reuters
20 January

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

QSE to launch investment incentives to boost market
The Peninsula, 21 June 2018

Qatar Stock Exchange (QSE) is poised to launch new investment incentives after a series of steps that have been taken during the current year to confirm its ...

Read full story
QSE to launch investment incentives to boost market
Saudi Arabia looks to raise OPEC+ group's production by 600,000 bpd
Arabian Business, 21 June 2018

Saudi Arabia is pushing a plan to increase the OPEC+ group’s production by about 600,000 barrels a day, according to delegates with knowledge of the ...

Read full story
Saudi Arabia looks to raise OPEC+ group's production by 600,000 bpd
Retail accommodation supply jumps by 200% since 2010
The Peninsula, 21 June 2018

The supply of organized retail accommodation increased by more than 200 percent since 2010, with the total supply of organized retail surpassing 1.39 million ...

Read full story
Retail accommodation supply jumps by 200% since 2010
Aldar to start work on Viceroy project in Abu Dhabi
TradeArabia News Service, 21 June 2018


Aldar Properties, a leading property developer in Abu Dhabi, UAE, said it is set to begin work on the Viceroy Hotel Group's first branded property in ...

Read full story
Aldar to start work on Viceroy project in Abu Dhabi
Back to Home Page 1917 --- 0 <><><> 463.5.....exvideo=0....eximage=0
P 0
BR 18

 
Entertainment KSA
3 - September 2018
The 2nd Annual Digital Transformation Summit
17 - September 2018
Future Traffic Security
24 - September 2018
Future Civil Defense
24 - September 2018
Global Road & Traffic Safety Forum - Abu Dhabi
24 - September 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Project Lebanon - 26 June - 29 June 2018  
  Energy Lebanon - 26 June - 29 June 2018  
  Iraq Agrofood Baghdad - 8 October - 11 October 2018  
  Project Iraq Baghdad - 8 October - 11 October 2018  
  Hospitality Qatar - 6 November - 8 November 2018  
  HQ - Food Qatar - 6 November - 8 November 2018  
  Food Africa Cairo - 8 December - 10 December 2018  
  Mac Fruit Attraction - 8 December - 10 December 2018  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Iraq
Iraq Agrofood Baghdad
Project Iraq Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved