ADFD-funded renewable energy project in Maldives receives global recognition for innovation

SourceSaudi Gazette
SectorOil & Gas
CountryUnited Arab Emirates

ABU DHABI — A renewable-energy project in the Maldives, financed by Abu Dhabi Fund for Development (ADFD) has received a certification from Global Innovation Institute (GINI) an international professional certification, accreditation and membership association in the field of innovation.The first of its kind initiative, for which ADFD provided a concessional loan of AED22 million ($6 million) in 2015, aims to address the country’s waste-management and energy challenges through the construction of facilities that will use waste in an ecofriendly manner to generate about 4MW of energy.The project will eventually cover three Islands of Vandhoo, more...