Emirates Water and Electricity Company (EWEC) has invited developers to bid for a 1.5 GW solar project in the Al Khazna area, near the United Arab Emirates capital city, Abu Dhabi. The 1.5 GW solar project is anticipated to contribute to the energy transition plan and sustainability goals of the city, powering nearly 160,000 homes after the completion of the project.
Read More
Masdar, a United Arab Emirates based energy company, has signed a contract with Dubai Electricity and Water Authority to construct and operate the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. It will be constructed with an investment of $1.5 billion. The total energy generation capacity of the solar facility is 1.8 GW.
Read More
The 900 MW fifth phase of the Dubai Electricity and Water Authority’s (DEWA) Mohammed bin Rashid Al Maktoum solar park has been launched in Dubai, United Arab Emirates. It would reduce annual carbon emissions by 1.18 million tonnes while supplying energy to 270,000 households in the city. Developed with an investment of $544.4 million, this phase was implemented by DEWA, which holds a 60 per cent stake, along with a consortium of Acwa Power and the Gulf Investment Corporation which holds the remaining 40 per cent stake.
Read More
Masdar, a United Arab Emirates (UAE)-based energy company, has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a major international knowledge project. The partnership aims to triple global renewable energy capacity by the end of the 2020s.
Read More
Masdar, an energy firm based in the United Arab Emirates, has signed a joint development agreement with Turkmenistan’s state-owned power utility Turkmenenergo to build a 100 MWac solar photovoltaic (PV) plant. A Memorandum of Understanding (MoU) between Masdar and the Turkmenistan government forms the basis for the agreement.
Read More
The Jordanian Ministry of Energy and Mineral Resources and Masdar, an energy company located in the United Arab Emirates, have agreed to a 2GW renewable energy capacity agreement. The two parties will focus on investment and development possibilities in Jordan’s renewable energy sector under the terms of the MoU.
Read More
The US and the United Arab Emirates (UAE) have committed to invest $100 billion in renewable energy projects, with the goal of producing 100 GW of clean energy globally by 2035. On November 1, 2022, the US-UAE Partnership for Accelerating Clean Energy (PACE) was formally adopted in Abu Dhabi.
Read More
Masdar, a state-owned energy company in the UAE, has reached financial close on its Garadagh solar photovoltaic plant in Azerbaijan. The 230 MW solar project is the company’s first in Azerbaijan, as well as the country’s first independently funded solar project. Garadagh will be able to produce 500 million kilowatt-hours of electricity annually, enough to power over 110,000 homes.
Read More
Nestlé Pure Life and Yellow Door Energy have completed the installation of a solar power plant at Nestle’s facility in Dubai, United Arab Emirates (UAE). The project is expected to produce 2,400 MWh of renewable energy. In addition, it could be part of Nestle’s 7 MW solar project at its Dubai manufacturing plants, which was announced in 2017.
Read More
Masdar, a UAE-based renewable energy company and the Ministry of Energy of the Kyrgyz Republic have signed a MoU to explore up to 1 GW of renewable energy opportunities in Kyrgyzstan. Under the agreement, Masdar plans to explore and invest in a wide range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV, and hydropower projects.
Read More
PowerTap Hydrogen Capital Corp has teamed with Viridian Hydrogen UAE to assist in developing a hydrogen ecosystem in the UAE and throughout the Middle East.
Read More
Masdar, a developer based in the United Arab Emirates, has won a tender to build a 200 MW solar farm in Armenia at a tariff of 0.029 per kWh. The plant will be built in Armenia’s Talin and Dashtadem districts. The solar farm will require a total investment of $174 million. Following Masdar’s initial offer of $0.0299 per kWh in December 2019, the Armenian government placed the project under competitive bidding. Masdar again won the tender by quoting a a reduced tariff of $0.0290 per kWh.
Read More
UAE-based developer, Masdar has signed a deal to develop a utility-scale solar project in the Republic of Azerbaijan. As per the deal, the company will be responsible for developing, financing, constructing, and operating the plant, which is 9 km northwest of the Alat settlement in Azerbaijan. The implementation agreement for the project was signed in January 2020 by Masdar and the plant is expected to start commercial operations in early 2023.
Read More
The countries in the Middle East are making concrete efforts to introduce policies to promote sustainable transport. Qatar and the United Arab Emirates (UAE) are making notable efforts towards green mobility, while Saudi Arabia has announced its intention to build a zero-carbon city as part of its NEOM project. Autonomous vehicles (AVs) are also on the agenda to explore more future-forward transportation.
Read More
UAE-based Masdar owned by Mubadala Investment Company, and Ukraine’s leading private power producer, DTEK have signed a strategic agreement to explore potential clean energy investments in Ukraine. This was a trilateral MoU between Mubadala, Masdar, and DTEK. Other MoUs were also signed with various Ukrainian government and private entities.
Read More
The European Bank for Reconstruction and Development (EBRD) and German development finance group, DEG have provided a $10.6 million loan in local currency to Yellow Door Energy to develop, construct and operate a portfolio of eight solar projects in Jordan. EBRD also mobilised $5 million provided by the Global Environment Facility and DEG provided senior loans worth $15.6 million for the projects, taking the total loan value to $31.2 million. The projects will have a total installed capacity of 48.3 MW and will generate 81 GWh of renewable energy per annum.
Read More
The Dubai Water and Electricity Authority (DEWA) has reported that the third phase of the Mohammed bin Rashid Al Maktoum (MBRAM) Solar Park has been commissioned. This signifies an addition of 800 MW of solar capacity to the existing operating capacity of 213 MW. The third phase was developed by French renewables company, EDF in collaboration with DEWA and the Abu Dhabi Future Group.
Read More
UAE-based Masdar is set to acquire a 50 per cent stake in a 1.6-GW portfolio of EDF Renewables...
Read More
Plans to develop a 2 GW solar power plant in the deserts of the Gulf have been given the go-ahead,...
Read More
Middle Eastern energy exporters, facing sharp economic contractions, have been caught in a dilemma. Keeping the economy going during the pandemic, and reviving and retooling it afterwards, requires heavy spending.
Read More