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Tadweer Group acquires waste-to-energy stake from Masdar, entering joint venture with BEEAH
Tadweer Group acquires waste-to-energy stake from Masdar, entering joint venture with BEEAH

Zawya

time6 hours ago

  • Business
  • Zawya

Tadweer Group acquires waste-to-energy stake from Masdar, entering joint venture with BEEAH

Tadweer Group acquires ownership of Masdar's share of the Sharjah Waste-to-Energy plant and becomes a partner in the Emirates Waste-to-Energy joint venture with BEEAH, supporting significant contribution to landfill diversion in the UAE Having successfully partnered with Masdar throughout the project, BEEAH will now work with Tadweer Group through next expansion phase ABU DHABI, UAE – Abu Dhabi Future Energy Company PJSC – Masdar, one of the world's leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The move also brings Tadweer Group together with BEEAH, the region's sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company, which owns and operates the Sharjah Waste-to-Energy plant. The acquisition by Tadweer Group of Masdar's stake is a strategic decision to allow the two organizations to focus on their respective core business strategies. Masdar is continuing to ramp up its clean energy capacity, while Tadweer Group is focusing on its UAE operations and international expansion to support its ambitions to become an international leader in sustainably unlocking the value of waste. Tadweer Group and BEEAH will now synergize their waste management expertise for the sustainable operations of the Sharjah Waste-to-Energy plant, while paving the way for future projects through their Emirates Waste-to-Energy joint venture. The Sharjah Waste-to-Energy project was inaugurated in 2022 under the Emirates Waste-to-Energy company as the first commercial-scale waste-to-energy plant in the Middle East. It plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE's broader sustainability objectives. Through the Emirates Waste-to-Energy joint venture, BEEAH and Tadweer will jointly own and operate the plant, including going forward with plans to increase its power output from 30 MW to 60 MW, while doubling processing capacity for hard-to-recycle waste and displacing twice the volume of emissions. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: 'We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.' Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said: 'Acquiring this high-performing asset will further enhance Tadweer Group's capabilities and support the UAE's ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.' Khaled Al Huraimel, Group CEO of BEEAH Group, said: 'We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.' The finalization of this agreement underscores the partners' commitment to advancing the UAE's sustainability agenda. The organizations will continue to collaborate on innovative initiatives within the clean and renewable energy sector, reinforcing the nation's role in driving the global energy transformation and contributing to a more sustainable future. -Ends- Contacts: For Masdar media enquiries, please contact: press@ For more information please visit: and connect: and For Tadweer media enquiries, please contact: Sara Mousa, Corporate Communications Manager For more information, please visit For BEEAH media enquiries, please contact: press@ About Masdar Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year. About Tadweer Group Tadweer Group, part of ADQ, an Abu Dhabi-based holding company, is leading the way in promoting sustainable waste practices and establishing new benchmarks for the circular economy. The company's strategic vision is aimed at revolutionising waste management by unlocking the value of waste. As the sole custodian of waste management in Abu Dhabi, Tadweer Group is committed to deploying advanced technologies and fostering strategic partnerships in support of the UAE's sustainability objectives, working towards its goal of diverting 80% of Abu Dhabi's waste away from landfill by 2030. In addition to its commitment to Abu Dhabi, Tadweer Group has ambitious international goals, striving to make significant contributions to sustainable waste management beyond the UAE. Please see a link here to the locations of Tadweer Group's Recyclable Materials Collection Centres, collection points, Reverse Vending Machines, and more. About BEEAH BEEAH is a sustainability and innovation pioneer, creating solutions for a sustainable future across environment, energy, healthcare, technology, and real estate. Headquartered in Sharjah, UAE, BEEAH operates across the Middle East and North Africa, driving positive environmental impact through technology, sustainable development, and strategic partnerships.

Construction going full steam ahead in Blatchford: city
Construction going full steam ahead in Blatchford: city

CTV News

time7 days ago

  • Business
  • CTV News

Construction going full steam ahead in Blatchford: city

Progress is being made on construction in Blatchford, Edmonton's renewable energy-powered neighbourhood. CTV News Edmonton's Connor Hogg reports. Despite construction delays, Edmonton's renewable energy-powered neighbourhood is trucking along on the site of the former city centre airport. Tom Lumsden, the development manager for the Blatchford Redevelopment Project, said the community is receiving a lot of interest. 'The talk has been that it's not going as fast as people think it should be going, but there's people living here,' Lumsden told CTV News Edmonton Wednesday. 'We have 300 homes either constructed or under construction (with) another 200-ish coming on right away.' Blatchford Once completed, Blatchford will be home to up to 30,000 Edmontonians. (CTV News Edmonton) Today, most of the homes in Blatchford are townhouses, but apartment buildings and condos will be added to the development along with retail spaces. Mixed-use buildings known as the 'Blatchford Market' will be built near the new NAIT LRT stop while the main floor of the decommissioned airport control tower will be turned into a public space. Blatchford The former air traffic control tower is seen in Blatchford on July 9, 2027. (CTV News Edmonton) Emily Taylor moved into Blatchford about a year ago. 'I didn't know what exactly to expect when I moved here, obviously it's still growing,' said Taylor. 'Even in the year I've been here, there's been a huge number of new developments that have gone up. 'It's a really nice community.' Taylor said the quiet neighbourhood is designed for walking and biking – which is perfect as the LRT station is close by. 'It's just really convenient,' said Taylor. There are communal gardens and playgrounds in the community as well as walking and cycling trails. Blatchford A community garden is seen in Blatchford on July 9, 2025. (CTV News Edmonton) City council approved a business case to transform the decommissioned Edmonton Municipal Airport into an urban infill community in 2014. Once completed, Blatchford will be home to up to 30,000 Edmontonians. The community uses 100 per cent renewable energy and is carbon-neutral. But there's still plenty of construction to do until the development is fully realized – the projected date of completion is sometime in 2042. 'We still think we can achieve that,' said Lumsden. 'Things are working the way we think they should.'

Will Trump's Bill Trigger a ‘Big, Beautiful' Energy Crunch?
Will Trump's Bill Trigger a ‘Big, Beautiful' Energy Crunch?

Bloomberg

time7 days ago

  • Business
  • Bloomberg

Will Trump's Bill Trigger a ‘Big, Beautiful' Energy Crunch?

On Trumponomics, we explore how the legislation's attack on renewable energy may push up electricity bills and damage US competitiveness in AI. By and Stephanie Flanders Save Subscribe to Trumponomics on Apple Podcasts Subscribe to Trumponomics on Spotify On this episode of Trumponomics, we ask whether the Republican megabill passed last week—known best for cutting Medicaid and taxes while adding to the national debt—will also do damage to the broader economy, US competitiveness in the race for artificial intelligence and your electricity bill.

Stock Movers: AES, Starbucks, Nvidia
Stock Movers: AES, Starbucks, Nvidia

Bloomberg

time7 days ago

  • Business
  • Bloomberg

Stock Movers: AES, Starbucks, Nvidia

On the episode of Stock Movers: - Power firm AES (AES), which provides renewable power to tech giants such as Microsoft Corp., is exploring options including a potential sale amid takeover interest, people with knowledge of the matter said. Infrastructure investors including Brookfield Asset Management Ltd. and BlackRock Inc.'s Global Infrastructure Partners unit have been studying AES after the company's shares lost about half their value over the past two years, the people said. With an enterprise value of about $40 billion, a leveraged buyout of Arlington, Virginia-based AES would still rank among the biggest of all time. Shares of AES jumped as much as 18% on Wednesday for their biggest intraday gain since 2009. - Starbucks (SBUX) has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the operation, said people familiar with the matter. The Seattle-based company is now in the process of sifting through proposals and shortlisting a group of potential investors for a next round of bidding, the people said, asking not to be identified because the matter is private. The company may share financial and operating details with those bidders to help them assess the valuation of its Chinese assets, the people said. Shares in the coffee chain rose. - Nvidia (NVDA) shares rose after it became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market. The stock has risen more than 20% in 2025, and is up more than 1,000% since the beginning of 2023. Nvidia now accounts for 7.5% of the S&P 500 Index, near its highest influence on record. The latest catalyst for the stock has been a commitment to AI spending from Nvidia's biggest customers, showing that demand for its computing systems remains strong. This includes tech giants Microsoft, Meta Platforms, and Alphabet, who are projected to put about $350 billion into capital expenditures in their upcoming fiscal years, up from $310 billion in the current year, according to the average of analyst estimates compiled by Bloomberg. Those companies account for more than 40% of Nvidia's revenue.

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