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government entities reshape project finance in the gulf region
Government-related entities in the Gulf are transforming project finance, driven by large-scale infrastructure and energy transition goals. This approach allows for long-term funding while minimizing public budget burdens, enhancing sustainability, and attracting private investment through public-private partnerships. Key projects in renewable energy and digital infrastructure reflect the region's commitment to economic diversification and technological advancement, supported by strong government involvement and risk mitigation strategies.
ACWA Power opens first international innovation center in Shanghai for renewable energy
ACWA Power has inaugurated its first overseas Innovation Center in Shanghai, focusing on research in renewables, energy storage, and desalination. The $2.8 million facility aims to enhance collaboration and technological advancement in China's green energy sector, supporting the company's goal to invest up to $30 billion in the country by 2030. Partnerships with Gulf Renewables Laboratory and Shanghai Jiao Tong University will bolster the center's capabilities, fostering innovation and sustainable solutions.
Masdar accelerates global clean energy investments across multiple countries
UAE clean energy leader Masdar is ramping up investments in renewable projects across multiple countries, including Azerbaijan, Kazakhstan, Uzbekistan, and Malaysia, aiming for 100GW capacity by 2030. Recent agreements include a 1GW wind farm in Kazakhstan and a floating solar project in Malaysia, alongside partnerships in the Belt and Road Initiative. Additionally, Masdar is utilizing AI technology at its Zarafshan wind farm in Uzbekistan to protect local bird species.
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