INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Green energy meets 80 percent of Abu Dhabi demand: EWEC

EWEC supplied approximately 6.2GW of the total 7.7GW system power demand.
  • EWEC supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand.
  • By 2030, EWEC aims to raise Abu Dhabi’s solar power generation to approximately 7GW and produce more than 90 percent of its water using reverse osmosis.

Abu Dhabi, UAE— Emirates Water and Electricity Company (EWEC) has, for the first time, met 80 percent of total power demand in Abu Dhabi using renewable and clean energy from its solar and nuclear energy plants.

In the process, EWEC supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand, WAM reported.

By 2030, EWEC aims to raise Abu Dhabi’s solar power generation to approximately 7GW and produce more than 90 percent of its water using reverse osmosis.

The delivery of renewable and clean energy was enabled by solar power generation connected to the grid, which includes power from Shams CSP, Noor Abu Dhabi, in addition to power from the Barakah Nuclear Energy Plant.

EWEC’s current and future renewable energy projects, combined with Barakah Nuclear Energy Plant, are forecast to reduce carbon emissions by 50 percent, from more than 40 million tons in 2020, to approximately 20 million tons by 2025.

Othman Al Ali, Chief Executive Officer of EWEC, said, “Having supplied 60 percent of total power demand in December 2022 using renewable and clean sources, now meeting 80 percent in February 2023 is indicative of our at-pace deployment of sustainable energy and an example to the world of the UAE’s strategic net-zero ambitions in action in advance of COP28.”