Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

UAE is 6th highest per capita consumer of solar energy in the world

The UAE ranks among the top world leaders in solar energy use.
  • The country has developed solar mega projects, including Shams, Noor Abu Dhabi and Al Dhafra in Abu Dhabi
  • Masdar, the country’s leading renewable energy company, has played a key role in these projects

Abu Dhabi, UAE – The UAE ranks among the top world leaders in solar energy use, according to a recent report published by the Energy Institute Statistical Review of World Energy.

With three of the planet’s largest solar sites, the UAE is the 6th highest per capita consumer of solar energy in the world, behind only Australia, The Netherlands, Japan, Israel and Chile.

The country has developed solar mega projects, including Shams, Noor Abu Dhabi and Al Dhafra in Abu Dhabi, as well as the largest single-site project in the world at Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

Masdar, the country’s leading renewable energy company, has played a key role in these projects, collaborating with key government and private sector partners to further increase solar capacity.

As the UAE gears up to host COP28 at Expo City Dubai from November 30 to December 12, the country is continuing to chart a path toward Net Zero.

COP28 will convene over 70,000 participants, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts, youth, and non-state actors, for the world’s leading climate conference.