22 JAN 2017
Abu Dhabi Sustainability Week 2017 delivers on promise
Abu Dhabi, January 22, 2017: Abu Dhabi Sustainability Week (ADSW) 2017, hosted by Masdar, Abu Dhabi’s renewable energy company, came to a successful conclusion on 21 January after further building on its reputation as a significant platform for international dialogue, cooperation and action among governments and businesses.
This year’s edition, which ran under the theme “practical steps towards a sustainable future”, was the first global gathering dedicated to sustainability since the COP22 climate change conference in Marrakesh, Morocco, last November. It was appropriate, therefore, that ADSW 2017 began by bringing together government officials and policy makers at two key events: the Atlantic Council Global Energy Forum on 12-13 January, held in partnership with the UAE Ministry of Energy and ADNOC; and the fifth General Assembly of the International Renewable Energy Agency on 14-15 January.
The Opening Ceremony for ADSW, on 16 January, was attended by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces. Six heads of state, from Kazakhstan, Montenegro, Costa Rica, Paraguay, Seychelles and Nepal joined the event, as well as former presidents of Iceland and Mexico.
ADSW 2017 also welcomed 73 government ministers and 4,080 senior executives – an increase of 12% compared to 2016 – from 125 countries. International pavilions were hosted from 20 different countries, representing an 11% increase on last year, and initial indications show that the total number of attendees was consistent with pre-show estimates of around 38,000 visitors from 175 countries.
During the week, 15 global events were held including five exhibitions; three conferences; two country focused events; three leadership events; and two policy events. Business meetings were up by more than 60% year on year, totaling 8,600, showing that Abu Dhabi Sustainability Week is now truly established as a global platform where commercial agreements are made.
The ninth edition of the Awards Ceremony for the Zayed Future Energy Prize also took place, honouring the achievements of winners from across the world for their leadership in renewable energy and sustainability. Once again, this important event attracted significant media attention, with around 1,200 local and international print and online articles, while reaching more than 2 million Twitter users and 50,000 Facebook users.
The World Future Energy Summit (WFES), the anchor event of ADSW, celebrated its 10th edition this year from 17-19 January. This took place alongside the fifth International Water Summit and the fourth EcoWASTE exhibition.
For the first time, ADSW welcomed a major delegation from the Kingdom of Saudi Arabia, which was designated as a WFES Country Partner. The Saudi delegation was led by His Excellency Khalid A. Al-Falih, Minister of Energy, Industry & Mineral Resources of Saudi Arabia and Chairman of Saudi Aramco, who used the platform of ADSW to announce plans to invest up to $50 billion (Dh183.50 billion) in renewable projects by 2023 to generate 9.5 gigawatts, mainly from wind and solar plants.
The Saudi delegation’s 700 industry professionals, which included 405 chief executives, held more than 2,000 meetings with ADSW participants during the week. In addition, 14 workshops and business round tables were organised, while more than 100 investors and developers from five countries took part in a private investment meeting hosted by officials from the Kingdom.
In addition to Saudi Arabia, the other WFES Country Partner was India, whose senior-level delegation was led by Shri Piyush Goyal, the Minister of State for Power, Coal, New & Renewable Energy and Mines. India’s clean energy plans make it one of the world’s most exciting markets for developers; its delegation provided details about the country’s target to have an installed capacity of 100GW of solar energy, 60GW of wind, plus 15GW from other renewables by 2022. In addition, high level meetings were held with Masdar and Dubai Water and Electricity Authority (DEWA).
As host of ADSW, Masdar used the occasion to announce a series of key business milestones on the sidelines of the event. These included: the purchase of a 25% stake in Hywind, an innovative floating offshore wind project in Scotland, from Norwegian oil and gas company Statoil; a 300,000-tonne waste-to-energy plant in Sharjah with environmental management company Bee’ah; a solar power project in the Seychelles; and an industry competition to devise new sustainable mobility solutions to serve Masdar City.
Together with DEWA, Masdar also announced the ground-breaking of Phase 3 of the Mohammed Bin Rashid Al Maktoum Solar Park. The company signed a co-operation agreement with Qatar Electricity and Water Company and Nebras Power to develop renewable and sustainable energy projects, and announced the appointment of International Finance Corporation (IFC) to oversee the funding of Jordan’s largest solar photovoltaic (PV) project. And on Thursday 19 January, Masdar unveiled its new Eco-Villa prototype at Masdar City – an energy and water-saving residential property that will set a new benchmark for sustainable real estate in the UAE and beyond.
ADSW also took the sustainability message into the community, staging the youth-themed “Student Exclusive” to more than 600 young people from across the UAE, and the Women in Sustainability, Environment & Renewable Energy (WiSER) conference – both events were being held for the second consecutive year. To round off a very busy and successful week, the Festival at Masdar City offered fun, food and live entertainment for all the family.