The company signs Power Purchase agreement for 15GW with ACWA Power, PIF’s Badeel and Saudi Aramco’s Aramco Power
Renewable Energy
Latest in Renewable Energy
Arab world and rising temperatures
GCC sees 40% surge in rainfall and soaring temperatures amid solar energy boom
GCC recorded more rain and higher temperatures in 2023 as region looks to renewable energy sources
clean energy
How blended finance can unlock the GCC’s sustainable future
Blended finance is gaining traction across the GCC as a practical solution to fund sustainable projects
clean energy
Dubai solar power capacity surges to 3,860MW as clean energy share hits 21.5%
DEWA advances towards 2050 net-zero target with massive expansion of Mohammed bin Rashid Al Maktoum Solar Park in Dubai
renewable
Kuwait sets 50% renewable energy target
Kuwait aims to make half of all electricity usage come from renewable sources by 2050
bilateral economic relations
UAE investments in Uzbekistan surge to $1.3bn in 2024, Minister Kudratov says
With over $700 million in renewable energy deals and a new $200 million investment fund, the UAE is fast becoming a driving force behind Uzbekistan’s green and economic transformation
clean energy
Singapore’s Sembcorp launches 588MWp solar plant in Oman, marking Middle East expansion
The 588MWp Manah II solar project in Oman is also its largest utility-scale solar farm project to date
Abu Dhabi Future Energy Company
Abu Dhabi’s Masdar concludes 100% acquisition of Terna Energy
The UAE clean energy company had earlier acquired 70% stake in the Greek company; Move to provide significant capital investment in EU countries
carbon footprint
Dubai RTA completes solar panel installation across 22 facilities to cut carbon emissions
The project, which supports RTA’s Zero-Emissions Strategy 2050, the Dubai Clean Energy Strategy 2050, and the Dubai Integrated Energy Strategy 2030, is expected to generate 32 million kilowatt-hours annually
Abu Dhabi National Energy Company
TAQA and EWEC sign PPA for 1GW as part of $9.8bn giga-scale project
The 24-year agreement will build, own, and operate the Al Dhafra Open-Cycle Gas Turbine project and adds to the recent Masdar announcement
clean energy
Masdar completes acquisition of Valencia’s largest solar project
Valle Solar, when operational in H1 2027, will produce 234MW of solar energy, with a potential BESS hybridisation of 259MW
Masdar
Masdar invested $8.2bn in 2024 as it advances renewable energy portfolio
Masdar advancing its worldwide renewable energy portfolio
Abu Dhabi Investment Office
Ignite Energy Access to establish Abu Dhabi headquarters as it looks to expand solar operations in UAE and Africa
African solar specialist Ignite Energy Access to establish base in Abu Dhabi
Dubai
GEMS Education signs UAE’s largest school-based solar energy agreement
The deal covers the design, engineering, installation, and maintenance of solar energy systems across 23 GEMS schools in Dubai
Aramco
Aramco boss calls for rethink of global energy transition
Saudi Arabia’s Aramco says it is an “illusion” to think traditional energy can be phased out overnight
ACWA Power
ACWA Power signs $2.3bn deal for Egypt’s largest wind farm
The PPA with the Egyptian Electricity Transmission Company includes a 2.0 GW Wind Project, exceeding ACWA Power’s current 1.1 GW Suez Wind Farm
clean energy
EDF, TAQA seal partnership to boost geothermal energy in Saudi Arabia
The areas of collaboration include power generation and HVAC applications as well as compressed air energy storage in the Kingdom