Abu Dhabi

October 11, 2010

Abu Dhabi Lowers its Green Ambitions Further as Reality Humbles MultiBillion Dollar Zero Carbon Dreams

Abu Dhabi has got the largest sovereign wealth fund in the world with asset of over $600 Billion.The small emirate which is a part of the larger United Arab Emirates is one of the richest countries in the world due to its Oil Riches.The country had made ambitious Renewable Energy Plans setting up a Fund/Company dedicated to its Green Ambitions called Masdar.The Company has faced a number of reverses as it tried a number of things all at once in a new industry.Its "Jack of All Trades" Strategy has proven to be a failure as it lost/fired a number of top executives.Its Solar Plans have also come up a cropper as Thin Film Technology has faced a lot of reverses in recent times.The Company has tried to change tactics by concentrating now on Solar Thermal Technology partnering with Abengoa and Total in building a CSP plant near Abu Dhabi.With its Renewable Energy Arm facing a number of reverses,its plan for a futuristic,zero carbon Green Masdar City has also been scaled down.
September 16, 2010

Greed Blinds OPEC to Climate Change – Says $45 Billion Renewable Energy Subsidies "Unfair" despite $550 Billion Fossil Fuel Global Subsidy

Organization of the Petroleum Exporting Countries (OPEC) on its 50th Anniversary has called the Developed Nations Subsidies as "Unfair" and has referred Alternative Energy as the biggest challenge facing the Rich Oil Exporting Nation Cartel.OPEC is being a huge hypocrite as Fossil Fuels Subsides totalled $550 Billion last year which is almost 12x the Subsidies given to Green Energy.However no mention of this fact was said as these Green Subsidies were "not acceptable" OPEC.The OPEC Chief Abdalla el-Badri wanted a level playing field with this nascent Green Energy.OPEC is a 12 Nation Club formed mostly of Middle Eastern Nations who control 80% of the Global Oil Reserves and 33% of the Production.Saudi Arabia is the non-official leader of this Cartel and has been known for its opposition to Climate Change efforts.The other nations too support Saudi Arabia recently blocking a group of Poor Island Nations from accessing climate change data.These Nations have shockingly asked for Aid as Global Warming Concerns reduce the Fossil Fuel Demand.Most of the Middle East Exporters are filthy rich generating huge amounts of cash from the Export of Fossil Fuels.
June 21, 2010

Green Investing gone Haywire- Masdar's Jack of all Trades Strategy makes top executives resign,get fired

Green Investing gone Haywire Masdar,Abu Dhabi’s Renewable Energy company is facing a rocky time  as top executives have left the company or been shown the door.The […]
June 9, 2010

Masdar tries Solar Thermal Technology as Thin Film Division faces trouble;To Build a CSP plant "Shams 1" with Abengoa and Total

Masdar’s Amorphous Silicon Division in Trouble Masdar, Abu Dhabi owned Green Company plans to build a  Solar Thermal plant called “Shams 1” near Abu Dhabi. Masdar […]