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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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  • World Future Energy Summit has sourced this news from Arabian Business. UAE residents would be alerted of a radiation breach at the Western Region’s Barakah nuclear plant, it has been reported. The first of four reactors will go online early in 2017, regulators announced on Tuesday. A breach would automatically trigger an emergency plan notifying UAE residents through mosque loudspeakers, mobile phone SMSs, media alerts, police advisories and road signs, reported Gulf News. Read the full story here

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  • Morocco leads the Middle East on renewable energy

    15-Jun-2016 by: Utilities Middle East

    World Future Energy Summit has sourced this news from Utilities Middle East. Morocco has become the standard bearer on the global stage for the Middle East region in terms of its renewable energy capacity, thanks to the scale of its concentrated solar power (CSP) projects. In its 2016 report of the Renewable Energy Policy Network for the 21st Century (REN21), Morocco led the world in 2015 in terms of investment and added capacity in concentrated solar power (CSP). In terms of overall capacity at the end of 2015, the country still stood behind Spain, the United States and India, but its ongoing investment could soon push it up the rankings. Read the full story here

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  • The Role of Women in Accelerating Our Clean Energy Future

    09-Jun-2016 by: Renewable Energy World

    World Future Energy Summit has sourced this news from Renewable Energy World. Around the world, the energy industry remains one of the most gender-imbalanced sectors according to a 2014 white paper by the U.S. Agency for International Development, “Women at the Forefront of the Clean Energy Future.” In Australia, women make up 15 percent of the mining industry, including coal; in the U.S., the number is 20 percent and in Canada its 25 percent. Read the full story here

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  • World Future Energy Summit has sourced this news from BBC NEWS. Investments in renewables during the year were more than double the amount spent on new coal and gas-fired power plants, the Renewables Global Status Report found. For the first time, emerging economies spent more than the rich on renewable power and fuels. Over 8 million people are now working in renewable energy worldwide. For a number of years, the global spend on renewables has been increasing and 2015 saw that arrive at a new peak according to the report. Read the full story here  

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