UAE TO INVEST $163BN IN RENEWABLE-ENERGY PROJECTS
Oil-rich Gulf state aims to meet almost half of its power needs from green sources and reduce fossil-fuel use. In 2013, Abu Dhabi opened the world’s largest concentrated solar power plant [AFP] The United Arab Emirates has announced plans to invest $163bn in projects in a bid to generate almost half the country’s power needs from renewable sources. The UAE is a top oil exporter, but has taken steps to reduce its dependency on fossil fuels to generate power, including building nuclear facilities. “Our aim is to balance our economic needs with our environmental …
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