Exhibitions in Abu Dhabi, UAE for Renewable Energies

Abu Dhabi has tirelessly pursued to become a global leader in renewable energies industry and it’s very well near achieving this mission, if we’re to look at the success of Noor Abu Dhabi, one of the world’s largest single-site solar power plants. Operational since April 2019, Noor Abu Dhabi is a pioneering project under Emirates Water and Electricity Company (EWEC), which has marked a major milestone in Abu Dhabi’s energy transformation. Situated in Sweihan, Noor Abu Dhabi spans 8 square kilometers and houses 3.2 million solar panels. The plant generates approximately 1 gigawatt (AC) of power, which has assisted the city in significantly reducing its dependence on natural gas for electricity. The solar power plant is not only remarkable for its size but also for its cost-efficiency. At the time of bid submission in September 2016, Noor Abu Dhabi set a global benchmark by securing the world’s most competitive tariff of 8.888 fils/kWh. Noor Abu Dhabi has been recognized with numerous accolades, including the Power Generation Project of the Year Award at the MEED Projects Awards 2020. But solar power makes up only one component of Abu Dhabi’s strategy to enhance its renewable energies industry. January 2022 marked another high for the renewable energies industry with the announcement of the listing of the first green bond of its kind by the Abu Dhabi Securities Exchange (ADX). Issued by Sweihan PV Power Company (SPPC), which developed and operates Noor Abu Dhabi, this $700 million secondary bond listing of fixed-rate amortising senior secured green bonds shows the financial community’s unwavering confidence in sustainable energy projects. Through Masdar, the emirate has pledged over $20 billion to various renewable energy initiatives. Masdar, a key player in the development and commercialization of sustainable technologies, focuses on renewable energy, energy efficiency, carbon management, water usage, and desalination.

Newsletter
Want to stay informed about the latest trade fair and hotel news? Consider signing up for our newsletter.