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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.

The ambitious plans to increase Abu Dhabi's GDP include investing in and encouraging non-oil sectors such as manufacturing, healthcare and bioscience

Abu Dhabi to announce new 2045 strategy for GDP growth

Abu Dhabi will soon launch a new economic strategy aimed at tripling its GDP by 2045, sources told AGBI. The strategy, expected to be released by the end of the year, outlines a broad transformation that seeks to further diversify the emirate’s economy, significantly reduce its reliance on oil, and position Abu Dhabi as a […]

Polysilicon is used for the production of solar panels and the Gulf could rival China in making them in country with local materials

Gulf spots opening in China’s polysilicon boom-bust cycle

Solar power capacity across the Middle East region trebled from 3 gigawatts to 9GW between 2020 and 2023, according to the trade association Energy Industries Council.  In the Gulf alone, a further 40GW of photovoltaic (PV) solar power are scheduled for installation by 2030, the International Renewable Energy Agency (Irena), an intergovernmental organisation, says.  For […]

United Solar’s factory in Oman's Sohar Free Zone will support the development of downstream renewable energy industries

Omani fund secures $2bn investment in new projects

The Oman Future Fund has secured local and foreign investments worth OMR832 million ($2.2 billion) across 10 economic sectors. The OMR2 billion fund, owned by the Oman Investment Authority (OIA), will invest OMR220 million in these projects, while foreign investments account for OMR609 million. The major project categories include technology, industry, tourism, energy and electric […]

The Zarraf solar PV project will support Abu Dhabi’s goal of sourcing over 50% of its electricity from renewable and clean energy by 2030

Abu Dhabi invites companies for greenfield solar project

Abu Dhabi’s Emirates Water and Electricity Company (Ewec) has invited expressions of interest (EoI) for a new greenfield solar project in the Al Dhafra region. The Zarraf solar PV independent power project, with a generation capacity of 1.5 gigawatts (GW), will match the scale of similar projects such as Al Dhafra, Al Ajban and Khazna, […]

Most of Terra-Gen's wind and solar projects are based in California and Texas

Masdar completes purchase of stake in green energy producer

UAE renewable energy major Masdar has completed its acquisition of a 50 percent stake Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US. Masdar bought the stake from US investment company Energy Capital Partners. No financial details on the deal, which was first announced in March, were shared. […]

Acwa Power and Japan's Sumitomo will build the Kungrad 1, 2 and 3 wind projects in Uzbekistan

Acwa Power-Sumitomo tie-up for Uzbekistan projects

Saudi energy company Acwa Power and Japan’s Sumitomo Corporation will jointly develop renewable energy projects worth $4.2 billion in Uzbekistan.  The first set of projects include Sazagan 1 and 2 in Samarkand, each consisting of a 500 megawatt (MW) solar PV plant and 334MW battery energy storage systems (BESS). These projects are slated to begin […]

Algeria is expanding with new oil and gas fields but some of its other hydrocarbon assets are ageing

Energy ambitions in Algeria go beyond oil and gas

Algeria has ambitious plans to revitalise its bread-and-butter energy industry. The country is Africa’s largest gas exporter and third-largest oil producer. World Bank figures show hydrocarbons make up 93 percent of its total exports.  The International Monetary Fund said Algeria’s economy grew by 4.2 percent to $244.75 billion in 2023, in part because of renewed hydrocarbon […]

The Saudi solar projects in Haden, Muwayh and Al Khushaybi are expected to begin commercial operations in the first quarter of 2027

Saudi Arabia secures funds for 5.5GW solar projects

The developers of solar power projects worth SAR12 billion ($3.2 billion) with a combined output of 5.5 gigawatts (GW) in Saudi Arabia have secured financing for their projects. Saudi-listed Acwa Power, Water and Electricity Holding Co (Badeel), a Public Investment Fund (PIF)-owned company, and Saudi Aramco Power Co (Sapco), a wholly-owned subsidiary of energy major […]

UAE sustainable aviation fuel

Green aviation fuel industry in UAE battles red tape

The UAE is ready to produce “green” aviation fuel, but uncertainty around the regulations has delayed the take-off of the industry, a senior government representative said. Maryam Ali Al Balooshi, environment manager at the General Civil Aviation Authority, told a conference in Abu Dhabi that the UAE is working on unifying the certification of sustainable […]

A student studies for his high school certificate exams at the Library of Alexandria during the power-off time that the government applied to overcome the overload amid a heatwave, as Egyptians experience frequent power cuts after the government said the lack of natural gas supplies feeding the country's electricity grid has fueled the crisis, in the Mediterranean city of Alexandria, Egypt, June 26, 2024. REUTERS/Mohamed Abd El Ghany

Egypt looks to Gulf investors to end power blackouts

Egypt’s energy blackouts have created new opportunities for Gulf investors, as the cash-strapped Cairo government tries to end the crisis and plug the gap in its electricity supply before next summer. Prime minister Mostafa Madbouly announced on September 19 that there would be no more power cuts over the coming period, potentially marking an end […]

Workers check solar panels in Basra, Iraq. Renewable energy projects are growing across the Middle East

Progress made on Gulf renewables but ‘more to do’

Executives from global companies used a United Nations climate change event on Monday to urge world leaders – including those in the Gulf – to stick to commitments agreed at the Cop28 summit in Dubai to treble renewable energy capacity by the end of the decade. The International Energy Agency (IEA) said on Tuesday that […]

The acquisition of Brookfield's renewable asset portfolio in Spain and Portugal will bolster Masdar's market presence in Europe

Masdar buys $1.4bn green assets in Spain and Portugal

UAE renewable energy major Masdar will acquire a portfolio of renewable power projects in Spain and Portugal from the New York Stock Exchange-listed Brookfield Renewable for $1.4 billion. The move aims to bolster Masdar’s market presence in Europe. The portfolio, known as “Saeta Yield”, includes 745 megawatts (MW) of wind energy assets in Portugal and […]

The Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Altérra aims to catalyse the investment of $250 billion of private capital by 2030

Altérra-backed climate fund raises $2.4bn

A climate-focused fund backed by Altérra – a $30 billion UAE-based climate investment company – has raised $2.4 billion, nearly half of its target, to support clean energy projects across emerging markets.   Launched at Cop28 in Dubai last year, the catalytic transition fund includes a foundational $1 billion commitment from Altérra. NYSE-listed Brookfield Asset Management […]

Serbia's Čibuk 2 wind farm is being developed by Masdar Taaleri Generation, a joint venture between Masdar and Finland’s Taaleri Energia

Masdar secures funding for Serbia’s 154MW wind farm

A joint venture involving Masdar, the UAE’s renewables energy major, has reached financial close on the 154-megawatt (MW) Čibuk 2 wind farm in Serbia. UniCredit and Erste (Erste Group and Erste Bank Serbia) are providing a  €144 million ($160 million) debt facility for the project, the UAE state-run Wam reported. The wind farm is being […]

Oman windfarm

Companies shortlisted for $1bn Oman wind farms

Twelve companies have been shortlisted to build five large-scale wind power stations across Oman. The five projects, due to be completed by 2027, will bring a 20-fold increase in the amount of electricity generated by wind power in Oman, from 50MW to 1GW. The shortlist to build the projects, for a total investment of OMR500 […]

The company will develop a 1GW solar power plant and 100MW battery storage project

Egypt’s first hybrid solar project to break ground next year

Norway’s renewable energy producer Scatec will begin work on Egypt’s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase agreement with the state-run Egyptian Electricity Transmission Company for a 1GW solar power plant and 100MW battery storage project. Financial details […]

Turkey's wind-energy projects are expected to reduce annual CO2 emissions by 243,000 tonnes

Turkish wind-energy projects receive $60m from EBRD

A Turkish wind-energy project developer has secured $60 million (€55 million) from the European Bank for Reconstruction and Development (EBRD) to fund its renewable projects. The projects, located in Sivas and Tekirdağ, will add 116 megawatts (MW) of wind energy capacity. They are being developed by Borusan EnBW Enerji, a joint venture between Turkey’s Borusan Holding […]

ExxonMobil chairman Darren Woods and Adnoc Group CEO Sultan Ahmed Al Jaber sign the agreement in the presence of Abu Dhabi crown prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan

Adnoc to buy 35% stake in ExxonMobil hydrogen plant

State-owned Abu Dhabi National Oil Company (Adnoc) will acquire a 35 percent stake in US energy company ExxonMobil’s planned large-scale hydrogen and ammonia production facility in Texas. The production facility – expected to be the world’s largest of its kind upon startup – intends to produce up to one billion cubic feet per day of low-carbon […]

A floating solar plant in Brazil – 10,500 panels sit on the surface of the Billings reservoir in Sao Paulo. Masdar is on the hunt for solar and wind projects

Masdar ‘on the lookout’ for deals in China, says CFO

Masdar, Abu Dhabi’s state-owned clean energy company, is looking to acquire assets in China as part of its strategy to expand its portfolio of renewable energy projects. Mazin Khan, its chief financial officer, told AGBI that “macroeconomic conditions, with high interest rates and renewable players looking for capital” were opening the door for mergers and […]

Masdar aims to complete the new solar power projects and connect them to Egypt's national grid by the end of 2025

Masdar to invest $900m in solar projects in Egypt

The UAE’s renewables energy major Masdar has received approval from the Egyptian government to invest more than $900 million to build solar power plants. These projects will have a combined capacity of 1,000 megawatts (MW) and will be located primarily in Upper Egypt, including the Aswan governorate, Egypt Today newspaper reported, citing a cabinet statement. […]

Architecture, Building, Factory

Iraq to issue first licence for blue ammonia plant

Iraq will soon issue a license to build its first blue ammonia plant, in an attempt to cut the country’s carbon footprint. The National Investment Commission (NIC), which is entrusted with drawing foreign investments in the country, is working on completing the requirements to grant an investment license for the plant in the Basra region, […]