Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has been supporting the country’s effort towards driving energy transition at home and around world by financing innovative renewable-energy projects. These initiatives have had powerful impact on economies and the environment of beneficiary countries. The fund has consistently increased its portfolio of such projects, having funded 90 of them over ...

Bloomberg Renewables are for the first time the dominant power source in Europe’s electric grid. In a year that saw pandemic restrictions sap energy demand across the continent, the drop in supply came mostly from more expensive power from fossil fuels. That helped green sources take the biggest share of the European Union’s generation, a portion that will keep growing ...

Bloomberg Russian pipelaying vessel Fortuna has started working at the Nord Stream 2 construction site in Danish waters, defying new US sanctions against the controversial gas-pipeline project. The work being done in the Danish exclusive economic zone is “performed in line with relevant permits” and precede the actual construction of the gas link, a spokeswoman for Nord Stream 2 AG ...