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Renewable Energy

Renewable energy news from the Middle East and beyond. All the important stories, exclusive interviews, plus authoritative opinion and analysis.

French president Emmanuel Macron and Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, attend the signing of the SAF agreement

Saudi and French companies link up for green projects

Saudi Arabia and France have signed commercial agreements to push the development of renewables and green fuel production in the kingdom. The agreements were signed at the Saudi-French Investment Forum, attended by French president Emmanuel Macron in Riyadh. Saudi Aramco, Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), and France’s […]

Solar panels near Nanchang, China; Acwa Power wants to acquire clean power assets with a value of up to 20GW

Acwa Power plans to invest $50bn in China by 2030

Saudi energy company Acwa Power plans to invest up to $50 billion in renewable energy projects in China, a senior executive said on Tuesday.  Lyu Yunhe, Acwa Power’s head of China operations, said they aim to work with Chinese state-owned companies to acquire clean power assets with a value of up to 20GW and an additional 1 […]

Turkey has a renewable energy roadmap for expansion by 2035, says energy minister Alparslan Bayraktar

Turkey aims to invest $100bn in renewable energy by 2035

Turkey is committing to a $100 billion investment in renewable energy by 2035, in a bid to become a carbon-neutral economy within the next three decades, energy minister Alparslan Bayraktar said. The country has a roadmap to expand wind and solar energy capacity from 31,000 megawatts (MW) to 120,000MW by 2035, Hürriyet Daily newspaper reported, citing […]

Masdar's Agios Georgios wind farm in Greece. Masdar aims to achieve 100GW of global capacity by 2030

Masdar takes majority stake in Greek clean energy player

Abu Dhabi’s Masdar has acquired a majority stake in Greek clean energy company Terna Energy to propel its European expansion. The UAE renewables major purchased a 70 percent stake in the Greek company from Gek Terna and other shareholders at €20 per share, valuing Terna Energy at €3.2 billion ($3.4 billion). Following the transaction’s closing, Masdar will […]

Workers at an Adani solar plant. IHC says it is confident in the company's contributions to renewable energy

IHC stands by Adani investments despite US indictment

Abu Dhabi’s International Holding Company (IHC) is standing firm on its outlook for investments in the Adani Group despite an indictment against its billionaire owner Gautam Adani and seven others in the US. The conglomerate, led by its chair and the UAE’s national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, has been one of […]

Workers are seen at the Borouge petrochemical facility at ADNOC's Ruwais Industrial Complex in Ruwais, United Arab Emirates May 14, 2018.

Adnoc’s Abu Dhabi CO2 storage site gets go-ahead

The UAE has certified the feasibility of Abu Dhabi National Oil Corporation’s (Adnoc) West Aquifier CO2 storage site in Ruwais industrial site. The issuance of the Certificate of Feasibility for the West Aquifer project was issued by Det Norske Veritas (DNV), a global accredited registrar and classification organisation. The DNV said it is the first […]

The Riyadh Western Metro Station, one of four main commuter hubs on the network

Riyadh Metro aims to break Saudi capital’s car gridlock

World's longest driverless system City's traffic problems growing Just 1% use public transport The first phase of Saudi Arabia’s $22.5 billion Riyadh Metro is opening on December 1, marking a significant step toward transforming public ... Register now: It’s easy and free This content is available for registered members only. Register for your free account […]

A green ammonia plant under construction in Norway. Poland's Hynfra plans to build plants in Egypt and Jordan

Poland’s Hynfra to build green ammonia plant in Egypt

Egypt’s General Authority for Investment and Free Zones is linking up with Polish energy company Hynfra to build a green ammonia plant. The facility will produce ammonia for export from Egypt to the European Union, the GAFI and Hynfra said in a joint statement. It will require an investment of $1.6 billion in its first […]

green hydrogen

Trump’s return may alter the future of renewable energy

Adnoc’s acquisition in September of a 35 percent stake in ExxonMobil’s low-carbon hydrogen facility in Baytown, Texas, might have been a sign of things to come. The deal between the Abu Dhabi-owned oil company and the US energy major came as interest in clean hydrogen was waning in the US while rising in the Gulf. Former […]

The Benban solar plant in Aswan. Among the MOUs the UAE signed with Egypt is a 300 MW solar plant in Benban

UAE companies sign renewable energy deals in Egypt

Companies from the UAE signed a series of memoranda of understanding in Egypt last week to develop and support green energy projects in the country. The non-binding agreements are the latest in a string of planned Gulf energy investments in Egypt. UAE renewable energy company Masdar signed an agreement to develop a floating photovoltaic solar […]

Chinese attendees at Cop29. The UAE's Masdar and China's Silk Road Fund signed a $3bn MOU at the climate conference

Masdar and Silk Road Fund to co-invest in renewables

The UAE and China have announced an initiative at Cop29 in Baku to co-invest nearly $3 billion in renewables in developing countries and the global south. Under a memorandum of understanding signed between Silk Road Fund (SRF) of China and UAE’s renewable energy company Masdar, SRF is set to pour up to CNY20 billion ($2.8 […]

Masdar solar power Saudi Arabia

Masdar-led consortium to build Saudi solar plant

Masdar, the UAE clean energy company, has won a contract with Chinese and South Korean partners to develop a 2GW solar project in Saudi Arabia. The company, along with its partners GD Power of China and the Korea Electric Power Corporation, will build the plant at Al Sadawi, about 500km north of Riyadh in the […]

Neom Green Hydrogen Company will use solar and wind power to produce hydrogen and says half its solar panels are already installed

Neom Green Hydrogen will hit all markets, says chief

Saudi Arabia’s Neom green hydrogen project is 60 percent complete and on track for full-time operation by the end of 2026, a senior official told AGBI. “We’re progressing well on all fronts, including the solar and wind farms, and we have received all the major equipment,” said Wesam Alghamdi, CEO of Neom Green Hydrogen Company […]

Masdar and Socar began construction of the two solar projects in Azerbaijan in June 2024

Masdar secures funding for Azerbaijan solar projects

Abu Dhabi Future Energy Company (Masdar) and Socar Green, a wholly-owned subsidiary of the State Oil Company of the Republic of Azerbaijan (Socar), have achieved financial closure for two $600 million large-scale solar projects in Azerbaijan. The projects, comprising the 445 megawatt (MW) Bilasuvar and 315MW Neftchala solar plants, are being funded by the European […]

Machine, Motor, Engine

Acwa Power to build energy storage systems in Uzbekistan

The Saudi renewable power company Acwa Power has agreed with Uzbekistan’s energy ministry to develop up to two gigawatt hours (GWh) of standalone battery energy storage systems capacity (BESS) avross the Central Asian country. The deal comes after a memorandum of understanding signed during the Tashkent Investment Forum in Uzbekistan in May 2024. Under the agreement, […]

Azerbaijan's Absheron-Khizi wind farm is expected to provide 300,000 households with power and should start in the first half of 2026

Acwa Power secures $238m for Azerbaijan wind farm

Saudi renewable energy major Acwa Power has secured $238 million in funding to support a wind energy project in Azerbaijan. The funding for the Absheron-Khizi 240-megawatt (MW) wind farm comes from the European Bank for Reconstruction and Development (EBRD) and the Opec Fund for International Development. In December 2023, the company obtained a Shariah-compliant equity bridge […]

Nio electric cars. Abu Dhabi's CYVN has invested in the company Video length: 04:21

Why Gulf governments keep investing in EVs

Oil-based economies need a Plan B – something they can turn to when crude markets are troubled. Gulf governments are using electric vehicles as that hedge, according to Kevin Chalhoub, CEO of EV Lab. “When oil won’t go well, probably electric cars will go well,” he says. “It’s a very exciting strategy. The Middle East […]

Kazakhstan windfarm

Masdar signs agreement for Kazakhstan windfarm

A $1.4 billion investment for the development of a 1GW windfarm in Kazakhstan has been signed between the Abu Dhabi Future Energy Company (Masdar) and Kazakhstan’s Ministry of Energy. The agreement, signed at Cop29, the 2024 United Nations Climate Change Conference, currently taking place in Baku, Azerbaijan, builds on commitments already made between the UAE […]

green startups Saudi solar

AI is sucking up VC funding, claim green startups

Green startups in the region have appealed for VCs to invest more in clean tech and renewable energy hardware, rather than just looking for quick returns in artificial intelligence projects. The venture capital market across the Middle East and North Africa raised $1.3 billion from January to September 2024, with Saudi Arabia securing 39 percent […]