Project Qatar 2017
Sunday, April 23, 2017
Directory Directory Subscribe

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."
20 January

Login to Add Your Comment  (for subscribers) | Subscribe


Latest News

Eurasian Economic Union - Iran Free Trade Talks Ongoing
Financial Tribune, 21 April 2017

Eurasian Economic Union - Iran Free Trade Talks Ongoing
Project Qatar 2017 from 8 till 11 May
The Penisuela Qatar, 21 April 2017

Project Qatar 2017, an annual exhibition for building, environmental technology and materials, will kick-off from May 8 at the Doha Exhibition and Convention ...

Read full story
Project Qatar 2017 from 8 till 11 May
Back to Home Page 1917 --- 407 <><><> 870.5.....exvideo=0....eximage=0
P 0
BR 18

Project Qatar 2017


Future Landscape & Public Realm KSA
25 - April 2017
The Annual Future Drainage & Stormwater Networks Abu Dhabi
1 - May 2017
2nd Annual Mosque Design & Development Summit
3 - May 2017
4th Annual LightingTech Qatar
8 - May 2017
Industrial Control Systems Smart City
15 - May 2017
  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%

Industrial Control Systems 2017

Quick Links
  Brochures & Flyers  

Up-coming events
  Future Landscape & Public Realm KSA - 25 April - 26 April 2017  
  Project Qatar - 8 May - 11 May 2017  
  Qatar StoneTech - 8 May - 11 May 2017  
  Heavy Max - 8 May - 11 May 2017  
  Project Lebanon - 16 May - 19 May 2017  
  Energy Lebanon - 16 May - 19 May 2017  
  Beirut Boat - 23 May - 28 May 2017  
  Iraq Agro-Food - Erbil - 23 October - 26 October 2017  
IFP Group Events Calendar


Magazine sections
  Growth Markets  
  Regional Overview  
  Tips and Tricks  
  Home Finance  
  Our Meetings
  Legal Issues


IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Beirut Boat
Energy Lebanon
Project Lebanon
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Erbil
Project Iraq Erbil
Saudi Arabia
Riyadh Motor Show
IFP Group 2017 - © All rights reserved