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Renewable Energy at the Forefront of Dubai Investment Fund’s Global Ambitions

By Mark Okon
29 August 2022   |   10:59 pm
Dubai Investment Fund (DIF) will invest in a wind energy project located in the North Africa region. The project intends to generate 600 megawatts (MW) of clean and renewable energy, which is comparable to the electrical demands of one million households in North Africa.

Renewable Energy

Dubai Investment Fund (DIF) will invest in a wind energy project located in the North Africa region. The project intends to generate 600 megawatts (MW) of clean and renewable energy, which is comparable to the electrical demands of one million households in North Africa. While full details of the deal, such as the total investment amount, were not disclosed to The Guardian, it is speculated that this could be one of the largest investments in the wind energy sector this year.

The analysis of company’s previous activity shows that DIF has prioritized investments in environmentally friendly energy over stakes in oil and natural resource corporations, and this may be inferred from an examination of the organization’s previous business activities and investments made in previous years.

In 2003, they made an acquisition of shares in the Energikontor AG, a publicly traded corporation that specializes in the creation of solar parks and wind farms as well as their management and administration. During the same year, they made investments in the shares of Dongfang Electric, which is recognized as one of the leading manufacturers of power plant equipment.
A study of their past investments shows that the company continued to follow their investment strategy of buying shares in environmentally conscious and green energy companies during 2005 and 2006. The entities in question were SunTech Power Holdings and SolarFun Power Holdings, both of which are holding companies.

The year 2010 saw the corporation make investments by purchasing shares and taking stake in JinkoSolar, which at the time was the largest solar panel manufacturer in the world. During the course of 2014, further shares of Brookfield Renewable Partners LP were acquired by them.

In 2015, the corporation increased the size of its investment portfolio by purchasing shares in a number of other renewable energy companies. The entities in question were Northland Power Inc., SolarEdge Technologies, and Sunrun Inc.
The history of investments made by Dubai Investment Fund shows that the fund is actively working to establish itself as an active player in environmental, social and governance (ESG) investments, and seeks to make a difference as a sustainable company.

There is a clear trend in the fund’s interests – they prefer to invest in companies from the green energy and information technology sectors. These are not only large companies, but also innovative technological startups. All of the above shows that the fund is trying to diversify its investments as much as possible in the face of an uncertain future and volatile markets.

The company’s financial performance has remained stable in recent years, even during the pandemic, but it is hard to say whether such actions will lead to positive results in the future. History is replete with cases of both resounding successes and resounding failures. Maybe sometimes it is better to focus on a few areas instead of trying to cover the whole world. However, this will become clear in time.

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