Renewable Energy African Development Bank part-funds Egypt’s solar project The African Development Bank Group (AfDB) has approved up to $184.1 million in financing for Egypt’s Obelisk solar power and battery storage project. The project involves the construction and operation of a one gigawatt )GW) solar photovoltaic plant and a 200-megawatt-hour battery energy storage system in south Egypt. The project’s total cost is estimated at […] June 13, 2025
Energy Rolls-Royce nuclear offshoot wins $3bn UK contract A Qatar-backed subsidiary of Rolls-Royce has won a contract to build three small modular nuclear reactors (SMRs) in the UK worth £2.5 billion ($2.86 billion). The UK government announced that Rolls-Royce SMR had won the contract on Tuesday, sending Rolls-Royce’s share price to its highest ever level. Qatar’s sovereign wealth fund, the Qatar Investment Authority, […] June 11, 2025
Renewable Energy Work gains pace at Neom’s $8.4bn green hydrogen plant Work on Saudi Arabia’s Neom green hydrogen project is 80 percent complete, with renewable energy production set to start next year, the developer behind the plans has confirmed. “Construction of the world’s largest green hydrogen plant is advancing rapidly,” Neom Green Hydrogen Company (NGHC) said in a statement. Progress has been made across the $8.4 billion green […] June 6, 2025
Renewable Energy Altérra backs Italy’s Absolute Energy renewables project Altérra, one of the world’s biggest private climate funds, has made its second direct investment in Europe through Italian renewable energy firm Absolute Energy and plans more deals ahead, its chief executive told Reuters. The fund, set up in 2023 by the United Arab Emirates with $30 billion, has so far invested $6.5 billion, mostly […] June 4, 2025
Exclusive Energy Masdar to increase bond issuances to fund renewables push Masdar, the UAE’s state-owned clean energy developer, is to increase its presence in international debt markets as it accelerates plans to install 100 gigawatts of renewable energy capacity by the end of the decade. Abu Dhabi’s Masdar raised $1 billion in a green bond sale last month, following previous issuances of $750 million in 2023 […] June 3, 2025
Renewable Energy Oman to start work on six renewable projects this year Oman will commence work on up to six new renewable projects this year, as the Gulf state aims to increase green energy’s contribution to 30 percent of total electricity generation by 2030. The wind projects will be at across various locations in the country, mainly in Al Wusta and Dhofar governorates, energy and minerals minister […] June 2, 2025
