Renewable Energy Moroccan-French venture to build $2bn green hydrogen plant Morocco-headquartered Falcon Capital Dakhla and France’s HDF Energy have signed a deal to build a $2 billion green hydrogen production plant in the Moroccan coastal region of Dakhla. The White Dunes project seeks to produce 10 gigawatts (GW) in wind energy, 7 GW in photovoltaic energy and 8 GW in electrolysis. “We have devoted nearly […] November 19, 2023
Renewable Energy UAE opens world’s largest single-site solar plant The UAE’s Al Dhafra project – described by its developers as the world’s largest single-site solar power plant – has been formally inaugurated, with an annual production capacity of 2 gigawatts (GW). The Al Dhafra solar PV (photovoltaic) plant is located 35 kilometres from Abu Dhabi’s capital city. It can generate enough electricity to power […] November 17, 2023
Oil & Gas Hydrocarbon has role in ‘fair’ energy transition, says Adnoc Adnoc believes hydrocarbons will play a role in the energy transition despite their contribution to climate change, the Abu Dhabi state oil company has told AGBI. “All credible energy outlooks” show that “both renewable and conventional energy will continue to be needed to ensure a fair and responsible energy transition,” said a spokesperson. “We recognise […] November 15, 2023
Energy Wasl installs 22,000 solar panels across its Dubai buildings Dubai state-owned real estate developer Wasl has installed more than 22,000 photovoltaic (PV) solar panels across its 44 buildings and facilities, adding 11 GWh annually to the emirate’s grid capacity. The developer says the solar energy will offset 4,500 metric tonnes of carbon dioxide annually, driving sustainability across Wasl’s communities. It says the carbon offsets […] November 13, 2023
Retail Adnoc Distribution reports 9% quarterly profit rise Adnoc Distribution’s third-quarter net profit rose 9 percent year on year, boosted by double-digit growth in fuel volumes and non-fuel business, the company said in a results announcement this week. The UAE’s largest fuel and convenience retailer, listed on the Abu Dhabi Securities Exchange, reported a net profit of AED835 million ($227 million) and a […] November 10, 2023
Energy Oman to develop rules for carbon capture and green hydrogen The Omani government has signed a memorandum of cooperation with local energy companies to set up an expert committee to finalise a regulatory and strategic framework for carbon capture, utilisation and storage (CCUS) and blue hydrogen development. The signing of the cooperation pacts by the energy and minerals ministry with Petroleum Development Oman, Oman Shell, […] November 9, 2023
EXCLUSIVE Renewable Energy Download our exclusive report on the Gulf’s path to net zero As the world shifts towards cleaner sources of energy, the GCC’s oil and gas-producing nations find themselves faced with the dual threat of environmental and economic crisis. What are they doing about it? In this special report published as the UAE prepares to stage the United Nations’ Cop28 climate change summit, AGBI examines the Gulf’s […] November 8, 2023
Energy Wind power boost for Neom’s green hydrogen site The first set of wind turbines that will power the world’s largest green hydrogen plant in Saudi Arabia have been delivered. Neom Green Hydrogen Company (NGHC) received its first delivery of wind turbines at the Port of Neom in the northwest of the kingdom last month, it was announced this week. The turbines are being […] November 8, 2023
Energy Masdar consortium to build $1bn solar plant in Saudi Arabia Abu Dhabi state clean energy company Masdar has entered into a consortium agreement to develop a solar power plant in the Madinah province of Saudi Arabia. The group, which also includes France’s EDF Renewables and Saudi-based Nesma Company, submitted the most cost-competitive bid of $16.84 per megawatt hour to win the contract, the companies said […] November 8, 2023
Opinion Sustainability Loss, damage and Cop28’s multi-trillion-dollar challenge There is a body of opinion in the Middle East that the loss and damage concept is not fit for purpose November 6, 2023
Renewable Energy Turkey banks on renewables in power plan for 2028 Half of Turkey’s proposed new installed electricity capacity will come from renewables, the Energy and Natural Resources Ministry said in a post on the social messaging site X, formerly Twitter. The country’s capacity is planned to rise 27 percent to 136,000 megawatts (MW) by 2028. Electrical energy demand will hit 430 terawatt hours (TWh) in […] November 6, 2023
Renewable Energy Lootah Biofuels strengthens Maldives presence Dubai’s Lootah Biofuels has signed a deal with Atmosphere Hotels & Resorts to provide and supply biodiesel and deliver waste cooking oil recycling services in the Maldives. The agreement also supports the collection and recycling of used cooking oil from luxury resorts, hotels, restaurants and households to produce biodiesel. The Global Centre for Maritime Decarbonisation […] November 3, 2023
Renewable Energy Acwa Power profit up 16% on robust business momentum Saudi-listed Acwa Power reported a 16.46 percent increase in profits to SAR397.94 million ($106.08 million) in the third quarter of 2023, driven by positive momentum in the business development activities. Revenue rose 22.11 percent year on year to SAR1.54 billion in the quarter ended September 2023. The company achieved financial closure for three solar PV […] November 3, 2023
Sustainability French minister hails positive steps in Cop28 negotiations France’s minister of energy transition, Agnès Pannier-Runacher, has hailed positive progress in climate negotiations, especially on the financial support for vulnerable countries hit by climate disasters. A final attempt to push through consensus became the most important point of the discussions ahead of the Cop28 climate conference in Dubai. Seventy ministers and 100 delegates met […] November 1, 2023
Renewable Energy Saudi Arabia urging businesses to make solar shift Saudi Arabia is doing more to encourage commercial and industrial enterprises to shift to solar energy as part of its green transition but the regulatory environment is still lagging due to a conservative gradualist approach, industry players say. The kingdom is trying to put itself at the forefront of green energy technology and consumption through […] November 1, 2023
Analysis Renewable Energy Startup touts alternative EV batteries for Saudi industry A startup developing non-lithium batteries for electric vehicles (EVs) says they are better suited to Gulf climates where flammability is a risk. But industry experts say it will be difficult to penetrate the car industry where lithium options are baked into budgets. Mukesh Chatter, founder of Alsym Energy, argued his case to regional political and […] November 1, 2023
Renewable Energy Irena and industry leaders draw roadmap to fast-track renewables The energy transition away from fossil-based systems must be accelerated to keep global warming at bay, according to intergovernmental agency the International Renewable Energy Agency (Irena), headquartered in Abu Dhabi. Irena and the Cop28 presidency combined with a group of industry players – the Global Renewables Alliance (GRA) – in calling for a trebling of […] October 31, 2023
EXCLUSIVE Renewable Energy Abu Dhabi plans hydrogen carbon certification framework Abu Dhabi plans to roll out a carbon certification framework for the hydrogen industry next year in a bid to become a leader in developing the clean fuel. The emirate plans to apply the framework to both its production and use of hydrogen, Carlos Gasco Travesedo, energy policy adviser and executive director at Abu Dhabi […] October 30, 2023
Renewable Energy Egypt poised for $3bn green hydrogen facility Belgium-based Deme Group will invest $3 billion to build a green hydrogen facility in Gargoub port in the western region of Egypt. Significant progress has been made toward the final agreement and starting project implementation in coordination with the transport ministry, Daily News Egypt reported, citing Luc Vandenbulcke, CEO of Deme Group. The project will be implemented in […] October 29, 2023
Renewable Energy Scotland looks to Emirates to help fund energy transition Scotland plans to “scale-up” its relationship with the UAE to help fund its transition to net zero, according to Neil Gray, the country’s cabinet secretary for energy. The Scottish minister has been on a visit to the Middle East, strengthening relations between the two countries ahead of Cop28 next month. State-owned Abu Dhabi Future Energy […] October 27, 2023
Renewable Energy Masdar expands clean energy footprint in Azerbaijan Abu Dhabi state clean energy company Masdar will develop solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan. The decision comes after the launch of the 230 megawatt (MW) Garadagh Solar Park, the region’s largest operational solar plant, Masdar said in a statement. Agreements include the first phase of […] October 27, 2023
Renewable Energy Acwa Power seals $746m green energy deals Saudi renewable energy company Acwa Power has signed agreements worth $746 million to develop renewable and green hydrogen projects globally. The Riyadh-based company signed a $500 million heads of terms agreement with EIG, a US-based institutional investor in the global energy and infrastructure sectors, on the sidelines of the Future Investment Initiative (FII7) in Riyadh. The two companies […] October 27, 2023
