Abu Dhabi Future Energy Company (Masdar), a subsidiary of Mubadala Investment Company, announced it has signed an agreement with French low-carbon electricity leader EDF to establish a 50:50 joint venture energy services company (ESCO).
The aviation industry is a major source of greenhouse gas emissions. In 2011 aviation contributed around 3% of Australia’s emissions. Despite improvements in efficiency, global aviation emissions are expected to grow 70% by 2020 from 2005. While the industry is seeking new renewable fuel sources, growing biofuels takes up valuable land and water that could be otherwise used to grow food.
Abu Dhabi’s renewable energy company, Masdar announced on Wednesday the partnership with Morocco’s Office National de l’Electricité et de l’Eau Potable (National Electricity and Water Supply), ONEE, to design, supply and install 17,670 Solar Home Systems across 940 villages in the Kingdom of Morocco. When complete, the solar homes, along with broader electrification initiatives, will result in 99 percent of rural Morocco having access to energy by the end of 2017 – a critical resource that underpins economic development.