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Publish Date : 19-Jan-2015

Abu Dhabi’s Masdar targets wind and solar energy projects in the region as Mena’s renewables sector attracts additional investment.
Bader Al Lamki, the director of Masdar Clean Energy, said, “Oman is stepping forward and we’re expecting Saudi Arabia to offer tenders this year. There is momentum building up in the region [for clean energy projects].” In October, Masdar signed a deal to build a 50 megawatts wind farm in the Dhofar region, thereby marking its entry into Oman’s wind market.

For the group, in the GCC, the US$125 million project is its first large-scale wind venture. Construction is scheduled to begin by the end of this year, and Masdar estimates it will generate enough clean electricity to power 16,000 homes.

Earlier in 2013, a Masdar Clean Energy project entered into operations, or contributed electricity into the power grid. Mr Lamki claims that, 2014 was more about carrying out new investments, but 2015 was going to be a combination of bringing projects online or closer to completion while establishing new ventures. Completion of the Tafila wind farm in Jordan is expected after the summer. Cost of the 117MW project is estimated to be around $290m and will increase the country’s total power capacity by 3 per cent.

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