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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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 […]

Planned Abu Dhabi solar park sets global records for large size, low price

Greentech Media: Abu Dhabi has set a global record-low solar price as authorities confirmed the winning bid in a 2-gigawatt tender. Upon its expected completion in mid-2022, it is slated to be the largest single-site solar energy project in the world. The Al Dhafra project had five bidders, with the lowest offer coming in at […]

April 29, 2020 Read More →

Trade group expects strong growth in Middle East, North Africa solar capacity

ESI Africa: According to the latest report from the Middle East Solar Industry Association (MESIA), 2019 proved to be a record-breaking year for global solar installed capacity, which reached an estimated 617.9GW. The Annual Solar Outlook Report 2020 outlines the exponential growth of solar in the MENA region, achieved mainly due to tremendous cost declines […]

January 17, 2020 Read More →

Oil-rich Gulf nations getting serious about adding solar

PV Magazine: The oil-rich nations that make up the Gulf Cooperation Council are racing to get more solar generation capacity into the development pipeline. Having just commissioned the 1.18 GW Noor Abu Dhabi project – believed to be the largest single PV facility in the world – the Emirates Water and Electricity Company of Abu […]

September 13, 2019 Read More →

World’s largest solar project now operational in Abu Dhabi

PV Magazine: The 1.78 GW Noor Abu Dhabi solar park has entered commercial operation on time and on budget. The announcement, confirmed to pv magazine today by EWEC, the Emirates Water and Electricity Company referred to Noor Abu Dhabi as “the world’s largest single solar project”. The project is up and running and supplying power […]

July 5, 2019 Read More →

IEEFA Update: Developing Countries Are Disproportionately Driving Global Growth in Renewables

Half of All $300 Billion in Activity Is in Emerging Markets

More than half of all renewable investment activity in the world last year occurred in developing countries. And 2015 was no small year for renewables, as new investment set a record US$286 billion and total transactions (including refinancings) exceeded $US380 billion. We’re published a memo this morning — “IEEFA Update: Emerging Markets Lead Global Investment […]

November 23, 2016 Read More →