SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
(Energy and Industry)
Filter PR by
  
Mohammed bin Zayed Hails Renewable Energy Accord between U.A.E and Saudi Arabia
Mohammed bin Zayed Hails Renewable Energy Accord between U.A.E and Saudi Arabia

Masdar and K.A.CARE to Work Together to Advance Development of Clean Energy Across the Region 

Abu Dhabi June 16, 2014: Masdar and the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) today announced an agreement to work together to advance the development of renewable energy and clean technology across the region. 

The accord, which comes at a time of increasing interest in renewables across the region, lays down a framework to jointly invest in clean energy projects and green technology investment funds. It will also create opportunities for collaboration on research and development of advanced clean energy technologies, including solar, wind and water. 

His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the signing of the strategic framework agreement, in Abu Dhabi. The agreement was signed by H.E Dr. Sultan Ahmed Al Jaber, chairman of Masdar and H.E Dr. Hashim bin Abdullah Yamani, president of K.A.CARE.

General Sheikh Mohammed bin Zayed praised the agreement and its important role in adding to the strong historic and strategic relationship, between the United Arab Emirates and the Kingdom of Saudi Arabia, under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates. 

“Increased cooperation among GCC countries is crucial to advancing security, stability and sustainable growth throughout the region,” said His Highness General Sheikh Mohammed bin Zayed. “Energy is fundamental to all economic and social development. The enhanced cooperation between Masdar and  K.A.CARE will contribute to extending the region’s energy leadership.”

H.E Dr Sultan Ahmed Al Jaber said: “Masdar shares many strategic objectives with K.A.CARE. The UAE is a pioneer in deploying renewable energy and is also a major contributor to the international deployment of clean energy. 

“By sharing our knowledge and experience with K.A.CARE, we believe that together, we can further advance the use of renewables and ensure our long term economic and energy security.”

The King Abdullah City for Atomic and Renewable Energy was established in 2010 with the aim of diversifying Saudi Arabia’s energy sources, to include nuclear and renewables.

Through the agreement, Dr. Yamani said,  the King Abdullah City for Atomic and Renewable Energy aims to diversify Saudi Arabia’s energy sources. 

“We are delighted to sign this agreement with Masdar, that has a proven track record and demonstrated credible achievements during the last eight years in this emerging sector. As renewable energy solutions approach grid parity, we are confident our combined efforts will contribute to the implementation of renewable energy projects in the region and around the world,” Dr Yamani said.

Since its establishment in 2006, Masdar has played an increasingly important role in extending Abu Dhabi’s energy leadership beyond hydrocarbons, by adopting an integrated, holistic renewable energy business model – merging higher education, R&D, investment and sustainable living. The company has deployed close to 1GW of clean energy projects in the UAE and around the world.  

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 13567 times
PR Category : Energy and Industry
Posted on : Tuesday, June 17, 2014  10:24:00 AM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Get closer- your makeup is invisible with Make Up For Ever's New Ultra HD Concealer [20812-Views]
Detox your scalp, detox your mind with new Head & Shoulders Charcoal [17273-Views]
The RL50 Handbag: Introducing a New Icon [16482-Views]
Roberto Cavalli launches new Florence Amber [14616-Views]
Italian Wonder D1 Milano Announces New Releases at Baselworld 2019 [10877-Views]
THE RECIPE for healthy skin [10824-Views]
Esposa Prive - Viktor&Rolf Mariage - Spring/Summer 2019 [9848-Views]
Record Number of Innovations at the ISH: GROHE is Shaping the Future of Water [9820-Views]
NEW OLAY WHIPS: Powerful Skincare, NOW Light as Air [9754-Views]
Cerruti 1881 [9020-Views]
The World of Aigner [8093-Views]
GROHE Shapes the Future of Water with a record number of innovations at ISH 2019 [7761-Views]
The RL50 Handbag: Introducing a New Icon [7392-Views]
Chaumet Launches The Bolero Watch [7134-Views]
Spring Collection 2019 - Versus Mouffetard [7068-Views]
OPPO confirms 10x Hybrid Zoom tech to launch in Middle East [7027-Views]
Michael Kors Watches | Summer 2019 [7011-Views]
Dabur Amla Kids – Natural nourishment for your child's hair [6974-Views]
Saint Honore Paris [6650-Views]
SOUQ's ‘Everything For You Sale' is Back, Offering Savings Of Up To 70% [6626-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories