Adnoc and Masdar to work on geothermal energy production: Abu Dhabi National Oil Drilling (Adnoc) signed a five-year non-binding agreement with UAE renewables giant Masdar to explore potential investment and development in the geothermal power sector, a company statement notes. Adnoc will serve as Masdar’s drilling technical expert for geothermal projects it is looking to develop. Masdar made its entry into geothermal energy earlier in February, acquiring shares in the geothermal unit of Indonesia’s state-owned energy firm Pertamina.

China’s Trina Solar to supply Yemen with 500 MW worth of solar panels: Chinese solar panel manufacturer Trina Solar signed a 5-year partnership agreement with Yemeni clean energy component trading company Al Rabei for Trading for the supply of photovoltaic panels that would generate some 500 MW of solar power, according to a statement. Al Rabei would act as Trina’s authorized distributor in the Yemeni market under the agreement.

UAE’s Tabreed approves record dividend payout for shareholders: The UAE’s National Central Cooling Company PJSC (Tabreed) will pay out dividends of AED 0.135 per share to its shareholders, which is “the highest dividend payment to shareholders in the company’s 25-year history,” according to a disclosure. Shareholders had received dividends of AED 0.12 per share last year.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• Moroccan garbage collecting company Arma received the kingdom’s first large electric truck from Sweden’s Volvo. The truck is the first heavy electric truck to be used for commercial purposes in Africa. (Statement)
• Emirates Nuclear Energy Corporation (ENEC) signed an MoU with Romania’s Nuclearelectrica to collaborate on nuclear energy program development in the two countries, as well as in Central and Eastern Europe. The collaboration aims to deploy nuclear energy for decarbonizing the power sector and heavy industry, as well as in the production of clean hydrogen. (Statement)