Abu Dhabi bites the solar bullet
The UAE’s richest emirate is proceeding with its renewables buildout despite rising costs
Solar developers enjoyed a break from the dearth of new Mideast Gulf projects in early May as Abu Dhabi launched the competition for its third solar PV scheme. State-owned Emirates Water and Electricity Company solicited expressions of interest by 27 May from prospective developers for a 1.5GW solar PV plant at Ajban in the east of the emirate. As is typical in the Abu Dhabi model for conventional and renewable independent power projects (IPPs) alike, the government entity will take a 60pc stake in the developer consortium. Previous electricity offtake agreements have been for 25 and 30 years. The recent progress comes at a time when the UAE needs to capture a continued flow of green investm

Also in this section
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers