Source allocates 45 billion for renewables
Masdar, a subsidiary of Abu Dhabi Renewable Energy, plans to increase its total capacity to 100 gigawatts by 2030, up from the current 65 gigawatts, through investments worth $45 billion. The company launched Abu Dhabi’s first 24/7 solar power plant with a capacity of 5.2 gigawatts, equipped with storage systems providing 19 gigawatt-hours, ensuring clean and reliable energy to meet the needs of major sectors. Masdar is also developing innovative global projects to enhance energy efficiency and support sustainable development, with a focus on integrating artificial intelligence technologies and Fourth Industrial Revolution advancements into the clean energy system.
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