Spanish renewables giant Abengoa, which entered insolvency proceedings last November, has sold its 20% share in the 100MW Shams-1 concentrated solar power (CSP) plant in the United Arab Emirates to Abu Dhabi-based renewable energy company Masdar.
The Gulf countries in the Middle East could reduce their water extraction by 16% and create 200,000 jobs if they meet their 2030 renewable energy targets, according to a new study by IRENA.
