Masdar, Gentari, others eye majority stake in Ayana Renewable PowerThe majority stake sale will value Ayana's equity at $1 billion, with an enterprise value - inclusive of debt in the capital structure - ar...
18 Mar, 2024, 03.08 PM IST
L&T wins over Rs 5,000 cr power, water systems order in Saudi ArabiaIn line with the ambition of going beyond sustainability and have a regenerative impact on environment, the project awarded to L&T will hav...
27 Dec, 2023, 08.11 PM IST
UAE launches it first commercial-sized wind project ahead of UN climate summitThe United Arab Emirates (UAE) has launched its first commercial-sized wind project in an effort to boost renewables ahead of hosting the C...
06 Oct, 2023, 02.33 PM IST
Meet the oil man in charge of leading the world away from oilEven as investments across the world in solar energy sector have already exceeded those in oil, the UAE is still a major exporter of projec...
15 Sep, 2023, 10.35 AM IST
UAE announces leadership team for climate COP28Al Jaber is Minister of Industry and Advanced Technology, and has served as Special Envoy for Climate Change for two terms (2010–2016, 2020...
12 Jan, 2023, 10.59 PM IST
COP27: UAE and Egypt agree to build one of world's biggest wind farmsThe memorandum of understanding was signed between the UAE's renewable energy firm Masdar alongside its joint venture with Egypt's main ren...
08 Nov, 2022, 08.56 PM IST
KKR, Hero to pump $450 million into Hero Future Energies, raise valuation to over $1 billionHFE's valuation will cross $1 billion with KKR's investment. In November 2019, Abu Dhabi Future Energy Co. (Masdar) picked up a 20% stake i...
21 Sep, 2022, 12.21 AM IST
Larsen & Toubro bags 300 MW solar project in Saudi ArabiaThe renewables arm of L&T's Power Transmission & Distribution Business has secured the go-ahead to begin constructing the 300 MW Jeddah sol...
13 Apr, 2021, 04.14 PM IST
UAE cabinet approves new cybersecurity body, climate change envoyThe cabinet of the UAE government also appointed Industry and Advanced Technology Minister and head of Abu Dhabi National Oil Company (ADNO...
30 Nov, 2020, 01.02 PM IST
Petronas in talks to acquire assets of Acme SolarOne of the largest solar power developers in India, Acme Solar has a portfolio of 5.5 GW with an operational capacity of 2.9 GW and 2.6 GW ...
27 May, 2020, 07.50 AM IST
UAE’s renewable energy sector grows 400 per cent in 10 yearsThrough initiatives such as the Mohamed bin Rashid Al Maktoum Solar Park and Masdar, renewable energy projects totalling almost 12 gigawatt...
30 Jan, 2020, 05.50 PM IST
Hero Future's stake buy by Abu Dhabi Future Energy gets CCI nod under green channelThe transaction involves acquisition of non-voting compulsorily convertible preference shares in Hero Future Energies.
30 Oct, 2019, 06.35 PM IST
Abu Dhabi’s Masdar to buy stake in Hero’s Green Energy arm for $150mAbu Dhabi government-owned energy company Masdar Clean Energy is all set to acquire about 20% stake in Hero Future Energies.
02 Oct, 2019, 11.01 AM IST
Abu Dhabi’s Masdar eyes Hero Energy stakeHero Future Energies aims to raise $300 million at $1 billion valuation.
22 Jan, 2019, 01.54 PM IST
Petronas, Masdar & Sembcorp eye 30% in Hero's green unitHero is looking to raise as much as $300 million, valuing the renewable energy firm at around $1 billion.
23 Oct, 2018, 08.13 AM IST
UAE succeeds in generating solar power at the cost of thermal powerThe parity, achieved for the first time, promises to make solar power economically attractive and commercially viable.
25 May, 2015, 08.14 PM IST
- World's first 'green city' in UAE
The construction work on the world's first "green city" has started in the Gulf. Masdar City, on the outskirts of Abu Dhabi city in the Uni...
12 Feb, 2008, 12.04 AM IST