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UAE ADNOC signs the largest clean energy agreement

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Published by Mars November 01,2021

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    According to the "Energy Year" Abu Dhabi report, the UAE's state-owned oil company Abu Dhabi National Oil Company (ADNOC) announced on October 27 that it has signed an agreement with the UAE Hydropower Company to ensure that 100% of its grid electricity comes from nuclear and Solar Energy Home System energy.

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    According to the agreement, the UAE Hydropower Company will supply all ADNOC's electricity needs from January 2022.

    This depends on ADNOC's efforts to reduce its greenhouse gas emissions by 25% by 2030 and the UAE's initiative to achieve net zero emissions by 2050.

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    This transaction is the largest of its kind in the hydrocarbon industry.

    The cost of the agreement and the amount of electricity required were not disclosed.

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