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.
Solar Impulse 2, a plane able to fly day and night on solar power only, took off today from Abu Dhabi in the United Arab Emirates, to Muscat in the Sultanate of Oman.
A National Bank of Abu Dhabi (NBAD) Report: Financing the Future of Energy, which was launched yesterday at the Global Financial Markets Forum in Abu Dhabi identifies the need for innovative approaches to financing the energy infrastructure to meet future demand. Energy demand in the Gulf is expected to triple in the next fifteen years far outstripping today’s supply. Closing the global energy gap will require $48 trillion of investment over the next 20 years in projects that provide additional energy generation capacity and improve the efficiency of energy use.