Spanish technology firm Abengoa, which operates renewables projects worldwide, has listed its shares on the NASDAQ stock exchange as part of a push effort to raise its profile in the US. Abengoa has singled out the US as a priority market, both for fundraising and for the ongoing growth of its business. “The US market… Keep reading →
The Shams 1 concentrated solar power plant was inaugurated earlier this week in the Western Region of Abu Dhabi, UAE. At 100 megawatts, Shams 1 is currently the largest operational CSP plant in the world. The project is noteworthy because it is a major step forward for renewable energy technology, and CSP in particular, but also because it was developed in an Opec country. Masdar, Abu Dhabi’s renewable energy company, partnered with French oil major Total and Spain’s energy infrastructure company Abengoa. Breaking Energy attended the proceedings, along with several other international journalists, as Masdar’s guest. Masdar is a subsidiary of Mubadala, a UAE government-owned investment vehicle.
“With the addition of Shams 1, Masdar’s renewable energy portfolio accounts for almost 68 percent of the Gulf’s renewable energy capacity and nearly 10 percent of the world’s installed CSP capacity”, according to the company. Keep reading →
The development cycles for projects using established technology are famously lengthy in the energy sector, while the length of time it takes for new technology to be developed and brought to commercial scale runs to decades, if not longer.
The advanced biofuels business, lent a generous mandate by US politicians against the background of fears over energy security and rising oil prices in the middle of the last decade, has managed to accelerate the development cycle to a degree that would have been unimaginable a decade ago, representatives for the industry said on a call with reporters recently. Keep reading →