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  • World Future Energy Summit has sourced this news from theguardian ‘We thought it should live up to the surroundings’: Øvre Forsland hydroelectric station. Photograph: Pedro Alvarez for the Observer Ovre Forsland is a big departure from the hulking power stations that traditionally served our energy needs. It looks more like an elegant, custom‑built home from TV show Grand Designs. Located in the Helgeland district in northern Norway, it’s a small hydroelectric power station capable of supplying 1,600 homes with power.

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  • Saudi Arabia has the potential to be one of the most important renewable energy markets in the world. It has plans for 9.5GW of renewable energy by 2023, with 3.45GW of capacity commissioned by 2020. The kingdom also wants to kick start employment in the renewable energy industry within the country. Its Vision 2030 National Transformation Plan, calls for more than 7,700 jobs in the sector to have been created by 2020.

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  • World Future Energy Summit has sourced this news from InvestInGroup.org. Renewable energy plays a crucial role in the UAE’s economic growth & diversification plans. The UAE aims to bolster its regional position as a role model for sustainable development. Read the full story here    

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  • World Future Energy Summit has sourced this news from The Guardian. To many a casual observer, Germany's reaction to the Fukushima disasterseemed knee-jerk to say the least. Nuclear power produces nearly 20% of Germany's energy, but in July 2011 (only three months after Fukushima) the German government vowed to shut down its nuclear capability within 10 years. Not just that, but to replace it with renewable energy, cut greenhouse-gas (GHG) emissions by 40% by 2020 and 80% by 2050, ensure renewables contribute 80% of Germany's energy by 2050, and ensure energy consumption drops 20% by 2020 and 50% by 2050. It even has its own word: 'Energiewende', or 'Energy Transformation'. And Angela Merkel, not known for hyperbole, has described it as a 'Herculean task'. Read the full story here

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  • How Industrial Firms Invest in Renewable Energy, Affordably

    25-Aug-2016 by: Harvard Business Review

    World Future Energy Summit has sourced this news from Harvard Business Review. Big companies have been buying a lot of clean energy lately – 3.5 gigawatts of renewable capacity last year alone (a good chunk of all the capacity added*). These leaders, mostly consumer-facing brands like Google, Apple, Microsoft, Walmart, and IKEA, have been covering their roofs and filling giant fields with solar panels and wind turbines. To do this, they have mostly used power purchasing agreements (PPAs) to buy their clean power. Under this financing structure, the company contracts to buy kilowatts, not the turbines and panels. They put up almost no capital and usually lower their day-to-day energy costs. Read the full story here

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  • How big are Saudi Arabia's oil reserves really?

    18-Jul-2016 by: Arabian Business

    World Future Energy Summit has sourced this news from Arabian Business. "How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?" is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of 266 billion barrels according to government estimates submitted to the Organization of the Petroleum Exporting Countries ("Annual Statistical Bulletin", OPEC, 2015). Read the full story here

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  • World Future Energy Summit has sourced this news from Dubai Electricity and Water Authority (DEWA). Dubai, UAE, 27 June 2016: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced today the selected bidder for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be constructed based on the Independent Power Producer (IPP) model. HE Dr. Sultan Ahmed Al Jaber, Minister of State, and Chairman of Masdar, the Abu Dhabi Future Energy Company, was present. The selected bidder for the project is a Masdar-led consortium including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group. The consortium bid a Levelised Cost of Electricity (LCOE) of 2.99 US cents per kilowatt hour (kW/h). Read the full story here

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  • World Future Energy Summit has sourced this news from Gulf Business. Energy giant Emirates Nuclear Energy Corporation (ENEC) has relocated its central Abu Dhabi headquarters to the emirate’s burgeoning sustainable development Masdar City. Both ENEC and its newly-formed subsidiary Nawah Energy Company have moved to the new base near Abu Dhabi International Airport as construction of the UAE’s first nuclear power station Barakah progresses.

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  • New High For Renewable Energy

    26-Jun-2016 by: Forbes Middle East

    World Future Energy Summit has sourced this news from Forbes Middle East. The year 2015 witnessed the installation of more than 121GW of renewable power plants, a remarkable increase of 30% compared to 2014. With oil and gas prices tumbling down to unprecedented levels, 2016 should be a landmark year for all renewable energy technologies. As per industry trends, solar power is expected to be the fastest-growing renewable power generation technology in 2016, closely followed by wind energy. Among investment hotspots, Asia, Africa and the Middle East will be closely watched this year. Read the full story here  

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