Gulf can lead on renewable energy

May 2009
MEED: Middle East Economic Digest;5/15/2009, Vol. 53 Issue 20, p7
Trade Publication
The article comments on the investments made in renewable energy projects by several countries in the Middle East. Abu Dhabi Future Energy Co. (Masdar) has announced a $2 billion investment for the development of photovoltaic film technology that converts solar energy directly into electricity in Abu Dhabi in 2010. It is stated that despite lower oil prices, Gulf governments are investing in renewable energy so that it can take the place of oil and gas when the wells run dry.


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