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FINANCIAL NEWS
UAE’s Masdar, ADFD launch 1st wind farm in Seychelles
19 Jun 2013
(MENAFN) Masdar’s CEO and UAE minister of state, Dr. Sultan Ahmed Al Jaber, stated that the Abu Dhabi-based renewable energy firm, in partnership with Abu Dhabi Fund for Development (ADFD) launched a six-megawatt, eight-turbine wind farm in the Republic of Seychelles, reported Arabian Business.
Dr. Al Jaber also said that Seychelles finds wind power generation as a good solution to its renewbale energy target of 15 percent of total energy by 2030 due to it being an island country.
The minister added that the wind farm will save up to 1.6 million litres of fuel per year and power more than 2100 homes.
It is worth noting that the mentioned project will be the first renewable energy project in the Seychelles. It was developed by Masdar and funded by ADFD.
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