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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.

Renewable Energy overview

Renewable Energy news

Leila Benali, Morocco's minister of energy transition, said last year that renewables accounted for about 44 percent of total power generation

Morocco steps up solar power drive to meet 2030 target

Morocco is intensifying investment in solar power in the hope of hitting a target to raise the use of renewables in its energy mix to more than half. The country has set a target of 52 percent renewables by 2030 after achieving previous targets, local media reported. Newspapers said on Friday that hydrocarbon-poor Morocco has […]

Darmawan Prasodjo, president director of PT PLN, and Mohamed Jameel Al Ramahi, CEO of Masdar, sign the solar plant agreements

Masdar to build floating solar plants in Indonesia

Abu Dhabi Future Energy Company (Masdar) is to start building floating solar power projects this year in Indonesia, southeast Asia’s largest energy market, the company said in a statement. The UAE renewables company signed two agreements with PT PLN (Persero), Indonesia’s state-owned electricity company, during a state visit by Indonesian President Prabowo Subianto to the […]

Iranian president Masoud Pezeshkian (L) with Iraqi prime minister Mohammed Shia Al-Sudani during a visit last year. The US has ended waivers which let Iraq buy Iranian electricity and gas

Iraq signs power-generation deals with US companies

Iraq has signed memoranda of understanding with two US companies to generate more than 27 gigawatts (GW) of electricity, including a giant solar power plant, according to the prime minister’s office. The electricity ministry signed the two MoUs with Massachusetts-based GE Vernova and Florida-based UGT Renewables in Baghdad on Wednesday during a visit by more […]

Algerian energy minister Mohamed Arkab. Renewable sources currently account for just 1 percent of Algeria’s energy mix

Chinese companies spearhead Algeria’s solar drive

Algeria has broken ground on two new solar power projects over the past week as part of a drive to build 15 plants with the help of Chinese companies. The drive aims to largely expand the use of renewable energy and release oil and gas for export by the Opec producer. Renewable sources currently account […]

President Emmanuel Macron delivers a speech during his state visit to Egypt

Egypt and France sign $7bn green hydrogen deal

Egypt and France will jointly develop, finance and operate a €7 billion ($7.7 billion) green hydrogen facility at Ras Shokair on Egypt’s Gulf of Suez coast. Egypt’s state-run Red Sea Ports Authority and the New & Renewable Energy Authority will partner with Green Fuel Alliance, which comprises France’s EDF Renewables and Egyptian-Emirati company Zero Waste, […]

Amman. The new law aims to upgrade Jordan's electricity sector and concentrate efforts on renewable energy and storage technologies

Jordan’s new electricity law to focus on hydrogen

A new electricity law in Jordan will focus on expanding reliance on renewable energy and attracting investment in hydrogen production. Jordan’s parliamentary energy and mineral resources committee discussed the draft law on Sunday ahead of final endorsement by parliament. The draft law, approved by the cabinet in February, will replace provisional legislation which has been […]

A solar cell factory in the Jiangsu province of China. Turkey wants to develop an integrated solar energy sector

Turkey gives five companies go-ahead to build solar cell factories

Turkey’s government has approved a series of projects designed to boost the country’s self-sufficiency in renewables technology – and lay the groundwork for exports. Last week, as protests continued in Istanbul and interest rates spiralled, Mehmet Kacır, Turkey’s industry and technology minister, announced that five private sector businesses – Alfa Solar, Astroenergy, CW Solar Cell, […]

Wind turbines in Pastra, Greece. Masdar has been investing in the country and elsewhere in Europe

Masdar IPO could help accelerate Gulf’s energy transition

An initial public offering by Abu Dhabi’s Masdar could mark a pivotal moment in the move towards cleaner sources of power in not only the world’s largest oil-producing region, but also in Europe, industry observers say. Masdar, more officially known as the Abu Dhabi Future Energy Co, is considering an IPO next year to fund […]

One solar panel in North Africa generates two to three times the amount of power that one does in Europe

Plans to bring African energy to Europe face big challenges

At least five multi-billion dollar projects to bring up to 24 gigawatts of solar and wind power energy from sunny North Africa to chilly Europe, assisted by Gulf investment money, are currently being planned. But these ambitious schemes to reduce Europe’s reliance on fossil fuels generally, and energy supplies from Russia specifically, all face major […]

aramco blue hydrogen

Aramco buys 50% of local blue hydrogen producer

Saudi Aramco has purchased a 50 percent stake in a low-carbon hydrogen production plant in Jubail, a city on the Gulf, owned by a unit of the Saudi Arabia-based company Air Products Qudra (APQ). The stake buyout will enable Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of APQ, to provide blue hydrogen […]

Masdar said it "has no current plans to go public", adding it did not comment on "market speculation"

Masdar weighs IPO on Abu Dhabi stock exchange

Abu Dhabi’s state-owned renewables company Masdar is in the early stages of considering an initial public offering (IPO), three people with knowledge of the matter told Reuters. The company is considering a possible listing in Abu Dhabi to raise funding for renewable projects, said two of the sources, with one of them saying a dual […]

So far, Tunisia has only produced around 700 MW of power from solar and other renewable sources against a 4,800 MW target

Tunisia awards solar power projects to international companies

Tunisia has awarded four new solar power projects to international companies for the production of 500 megawatts of electricity as part of a drive to expand the share of renewable energy in its mix. Tunisia’s industry, mines and energy minister Fatima Chiboub signed the deals this week with representatives from Germany’s Qair Group, Norway’s Scatec, […]

In 2024, Masdar completed acquisitions in Greece, Spain and the US

UAE’s Masdar expands renewable energy footprint

Abu Dhabi renewable energy company Masdar invested nearly AED30 billion ($8.2 billion) in equity last year and secured more than AED16.5 billion in project financing across nine countries. The company, which is targeting a renewable energy portfolio capacity of 100 gigawatts by 2030, has developed and partnered in projects in more than 40 countries, the […]

Machine, Motor, Engine

Masdar weighs stake in TotalEnergies’ Portuguese assets

Abu Dhabi renewable energy company Masdar is exploring the acquisition of a stake in French oil major TotalEnergies’ Portuguese renewables assets, three people with knowledge of the matter told Reuters. Any deal would likely be done through Saeta Yield, the green energy company Masdar bought last year from Canada’s Brookfield, one of the sources said. Reuters could not […]

Carbon Engineering Direct Air Capture (DAC) carbon capture plant with the Squamish Chief mountain in the background.

Aramco launches its first carbon capture facility

Saudi Aramco has launched its first facility to remove carbon dioxide (CO2)  from the air in a joint venture with Siemens. This is the company’s first direct air capture (DAC) facility as it seeks to curb CO2 emissions. The facility, a pilot project developed with Siemens Energy, is designed to remove 12 tonnes of CO2 […]

A person working on a solar site

Shortage of ‘bankable’ green energy projects stymies investment 

While the Middle East has seen a surge in sustainable finance initiatives, investors are struggling to find commercially viable energy projects to invest in. This is particularly the case in developing nations, according to industry experts. The financial sector in the UAE has pledged to “mobilise” AED1 trillion ($272 billion) in sustainable finance by 2030.  […]

The Xinyi Glass facility in Egypt is expected to produce 1.5 million tonnes of solar panel glass annually

China to invest in solar panel glass production in Egypt

A Chinese company will reportedly invest $700 million to establish a solar panel glass manufacturing facility in Egypt. Hong Kong-listed Xinyi Glass will develop the project in the Suez Canal Economic Zone in two phases, the Egypt Today newspaper reported. The facility is expected to produce 1.5 million tonnes of solar panel glass and 1.1 […]

Senior ADQ and EPC executives signing the agreement to jointly build power generation and energy infrastructure

ADQ and ECP of the US bet on data centre projects

Abu Dhabi sovereign wealth fund ADQ has formed a partnership with Energy Capital Partners, a US private equity company, to build power generation and energy infrastructure, primarily in the US. The goal of the prospective $25 billion, 50-50 tie-up is to support growing energy demand by data centres, large cloud providers, and other so-called hyperscalers – […]

The proposed deal for the 450MW portfolio will further expand Masdar's operations in Spain

Masdar in talks on $200m solar power deal in Spain

Abu Dhabi renewable energy company Masdar is nearing a deal that would see it pay around $200 million for a 49.9 percent stake in a solar portfolio controlled by Spanish power utility Endesa, according to two sources familiar with the deal and a document seen by Reuters. The deal for the roughly 450-megawatt portfolio builds […]

Acwa Power workers at the Sakaka solar site in Saudi Arabia

Acwa Power bolsters renewables presence in China

Saudi Arabian energy company Acwa Power has opened a renewable-energy innovation centre in Pudong New Area in Shanghai.  The move is part of the company’s aim to expand its renewables presence in China, according to a statement. The new facility will focus on five areas: photovoltaics, wind, energy storage, green hydrogen and seawater desalination, Acwa […]