Tumbling oil prices look set to hit electric cars and biofuels harder than other parts of the green power industry, the head of the world’s leading renewable energy agency has warned.
The UAE has allocated $700 million (Dh2.5 billion) since 2009 in support of the renewable energy sector in developing countries, a top official said on Saturday.
General Electric (GE) has expressed its willingness to participate in constructing new and renewable energy plants in Egypt, the GE Vice President said according to a Monday cabinet press release.