ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, signed a power purchase agreement (PPA), with Perusahaan Listrik Negara (PLN), the state electricity company in Indonesia, for the first floating solar photovoltaic (PV), plant in the country. Dr Sultan bin Ahmad Al Jaber, UAE Minister of State and Chairman of Masdar, and Zulkifli Zaini, President Director, …

ABU DHABI / WAM Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy and sustainable real estate companies, has announced the launch of a sustainable real estate investment trust (REIT) — the first ‘green’ REIT to be introduced in the UAE. The REIT was launched at Abu Dhabi Sustainability Week (ADSW), by Ahmed Ali …

Bloomberg Encana Corp won investors’ approval to relocate to the US and change its name to Ovintiv, a plan that has dented morale in Canada’s beleaguered energy industry. About 90% of the shares were voted by holders in favour of the plan, Encana said in a statement after a special meeting in Calgary. The company produces oil and natural gas …