Abu Dhabi's Masdar to Double Solar, Wind Power in Middle East - Bloomberg Business

Abu Dhabi's Masdar to Double Solar, Wind Power in Middle East - Bloomberg Business:

"Abu Dhabi’s state-owned Masdar plans to invest in renewable energy projects from the U.A.E. to Morocco to double its power generation capacity from solar and wind plants within a decade to meet rising demand in the region, Chief Executive Officer Ahmad Belhoul said.
Masdar plans to bid for power projects in Jordan after starting a 117 megawatt wind farm in the kingdom last year, Belhoul said in a telephone interview from Abu Dhabi. The company is working on projects to mount solar panels on 17,700 homes in Morocco and wants to develop wind and solar plants there, he said. It’s also pursuing solar developments in Abu Dhabi and neighboring Dubai as well as in Egypt, he said.
“We’re looking at demand in the Middle East and North Africa region doubling by 2030,” he said. “It makes sense for us to at least double our portfolio over the next 10 years.”"



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