Abu Dhabi

IEEFA Research

IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs

5-10% annual decline in tariffs estimated for the next decade

29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]

IEEFA: Renewables continue to break records despite COVID-19

IEEFA: Renewables continue to break records despite COVID-19

Solar costs continue to decline

8 June 2020 (IEEFA Australia): Despite the devastating impact of COVID-19, during the months of April and May, renewable energy continued to break records, according to the Institute for Energy Economics and Financial Analysis (IEEFA).  Most strikingly, April 2020 saw the Emirates Water and Electricity Company (EWEC) award a 1.5 gigawatt (GW) solar tender to […]

IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]

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Financing secured for 2GW Al Dhafra solar project in Abu Dhabi

Gulf News: The funding is now in place for the world’s biggest solar power project, being built in Abu Dhabi. The 2 GW project in Al Dhafra has received financing from seven international banks. TAQA (Abu Dhabi National Energy Company) is developing the plant along with Abu Dhabi’s Masdar, EDF Renewables and Jinko Power. The […]

December 22, 2020 Read More →

Indonesia begins construction of 145MW Cirata floating solar project

The Jakarta Post: Indonesia officially kicked off on Thursday the development of the Rp 1.8 trillion (US$127.24 million) Cirata floating solar power plant in West Java, one of the national strategic projects (PSN), as the government aims to boost the contribution of renewables to the country’s energy mix. PT PJB Masdar Solar Energi, a joint […]

December 18, 2020 Read More →

Abu Dhabi Fund for Development backing 500MW solar development effort in Sudan

PV Magazine: The Sudanese minister of energy and mining, Khairy Abdul Rahmanhas, and the general director of the Abu Dhabi Fund for Development, Mohamed Saif Al Suwaidi, signed on Sunday a memorandum of understanding for the deployment of solar power plants with a combined capacity of 500 MW in Sudan. In an official statement, the […]

November 4, 2020 Read More →

IEEFA India: Interpreting solar tariff trends

Implications of low bids for future growth

This Q&A first appeared in RenewableWatch Solar energy tariffs have witnessed a gradual decline over the years in India and globally. A recent auction for 2 gigawatts (GW) of solar projects conducted by the Solar Energy Corporation of India (SECI) witnessed a record-low tariff of Rs 2.36 per kWh. At the same time, the world’s […]

September 29, 2020 Read More →
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IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs

5-10% annual decline in tariffs estimated for the next decade

29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]

Multi-national consortium wins bid to build 2GW solar farm in Abu Dhabi at record-low price

PV Tech: A consortium including Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoSolar development arm JinkoPower have been formally announced as the winning party behind the world record low tender for the 2GW Al Dhafra solar farm. Having won the hotly-contested contract, the parties will now work to bring forward the project following […]

July 27, 2020 Read More →
IEEFA: Renewables continue to break records despite COVID-19
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IEEFA: Renewables continue to break records despite COVID-19

Solar costs continue to decline

8 June 2020 (IEEFA Australia): Despite the devastating impact of COVID-19, during the months of April and May, renewable energy continued to break records, according to the Institute for Energy Economics and Financial Analysis (IEEFA).  Most strikingly, April 2020 saw the Emirates Water and Electricity Company (EWEC) award a 1.5 gigawatt (GW) solar tender to […]

Middle East solar development plans on course despite oil price crash, Covid-19

Bloomberg: Some of the Middle East’s biggest oil producers are pushing into solar energy even amid the rout in crude prices. Cheap crude used to deter investment in renewable energy in countries that depend on oil sales for revenue. Today, solar projects cost only about one tenth of what they did a decade ago, thanks […]

May 6, 2020 Read More →

IEEFA update: COVID-19 is giving the thermal coal sector a look at its long-term future

COVID-19 may make 2020 a microcosm of thermal coal’s declining fortunes

As the economic impact of the coronavirus takes its toll, Australian thermal coal prices are now at their lowest level since 2016. This week the price for high energy Newcastle thermal coal dropped to US$50.60 a tonne, down around 25% already since January. Initially, COVID-19’s impact on energy prices has been focussed on oil. With […]

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IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]