US passes 5 million solar installations, SEIA says
May 17, 2024 17:35 CESTAbu Dhabi Future Energy Company, better known as Masdar, and Bahrain’s Bapco Energies have joined forces to develop and invest in near-shore and offshore wind projects of up to 2 GW in the Arab Kingdom.
The duo has signed an agreement that marks Masdar’s entry into the Bahrain market, the Emirati state-owned renewable energy company said on Wednesday. According to its statement, the collaboration will pave the way for the first offshore wind project in the region and the Middle East.
“Our partnership with Masdar demonstrates our commitment towards diversifying the Kingdom of Bahrain’s energy mix to include cleaner energy sources, underscoring our role as leaders in renewable energy development,” said Bapco Energies’ CEO Mark Thomas.
The initiative is seen to support the Kingdom of Bahrain’s goal to cut by 30% its greenhouse gas emissions by 2035 and achieve net-zero emissions by 2060. The projects will also help speed up the decarbonisation of critical industrial sectors and offer opportunities to develop new market sectors, Masdar said, adding that the contemplated projects will also back its own goal to expand its renewable energy fleet to 100 GW by 2030.
US passes 5 million solar installations, SEIA says
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