Opinion Energy Aramco’s profits are more than enough to fund Saudi Arabia Energy giant will reinvest $31.9bn profits into gas, hydrogen and value-add businesses May 12, 2023
Exclusive Energy Adnoc taking on the world in renewable energy push Abu Dhabi National Oil Company is in talks to expand operations in the UK, US and East Mediterranean, with a focus on natural gas, hydrogen production and renewable energy storage, its newly appointed global growth director has said. Musabbeh Al Kaabi, Adnoc’s executive director of low carbon solutions and international growth, told AGBI the company […] May 4, 2023
Energy Lootah Biofuels turns gaze to Asia after Maldives deal Lootah Biofuels has signed an agreement with state-owned Fenaka Corporation, a company serving the island communities of the Maldives, to establish its first biofuel plant outside the UAE. Lootah, which is based in Dubai, said the deal underscored its commitment to expand its reach internationally to meet long-term energy needs through clean alternatives. For the […] May 1, 2023
Energy Veolia to operate Turkey’s first waste-to-energy plant French waste and water management company Veolia has secured the contract to operate and maintain Turkey’s first waste-to-energy plant, the largest in Europe, in Istanbul. The plant has a processing capacity of 1.1 million tonnes of non-recyclable household waste per year, Veolia said in a statement. The facility’s 85 mw turbine will save nearly 1.5 […] April 27, 2023
Energy Taqa invests $31m into Xlinks Morocco renewables project Abu Dhabi National Energy Company (Taqa) has given a substantial vote of confidence to the Xlinks’ Morocco-UK renewables project with its announcement of AED113 million ($31 million) in funding. Taqa’s investment comprises the lion’s share in the successful closing of UK renewable power firm Xlinks’ new development funding round. It raised a total of $37.4 […] April 26, 2023
Energy Aramco delivers low-carbon ammonia shipment to Japan Saudi Aramco’s first shipment of independently-certified low-carbon ammonia has reached Japan for use as fuel in power generation. The ammonia was produced by Sabic Agri-Nutrients with feedstock from Aramco and sold by Aramco Trading Company to the Fuji Oil Company. Mitsui OSK Lines was tasked with shipping the liquid to Japan, which will be transported […] April 21, 2023
Opinion Sustainability Al Jaber reveals why he’s right choice to lead Cop28 Conference host chooses to give first interview to critics April 13, 2023
Energy Masdar powers US ops with battery project stake UAE clean energy firm Masdar has expanded its presence in the US renewables market with the acquisition of a 50 percent stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau in California comprises a 128mw photovoltaic solar plant and a 40mw/160 mwh battery energy storage system. The […] April 12, 2023
Energy Xlinks in talks to boost UK-Morocco project funding British renewable power firm Xlinks is in talks to raise new funding for its proposed plan to build vast solar panel and wind farms in the Moroccan desert that could power more than seven million British homes by 2030. Founder and CEO Simon Morrish said the talks represented “a significant step up in the level […] April 7, 2023
Energy Masdar reaches financial close on three Uzbek solar projects Abu Dhabi’s Future Energy Company, Masdar has achieved a financial close on three solar photovoltaic (PV) projects in Uzbekistan. Construction will begin immediately on the plants, which will have a combined capacity of around 900mw, the firm said in a statement. Financing for the projects is being provided by the Asian Development Bank, Asian Infrastructure […] April 6, 2023
Opinion Renewable Energy How Mena’s infant solar boom is affected by rising costs Solar power remains attractive despite new challenges March 20, 2023
Opinion Cop28 Everyone needs a seat at the Cop28 table, including oil CEOs Sustainability, security and stability must be carefully balanced as we move towards net zero. The energy industry can and should take a leading role January 26, 2023
Energy Tunisia steps up solar ambitions with launch of new tenders Tunisia has released tenders for two solar power projects as the North African country seeks to deliver 35 percent of its energy needs through renewables by the end of the decade. The Ministry of Industry, Mines and Energy is seeking companies to implement the solar photovoltaic (PV) independent power projects (IPPs). Both will have capacity […] January 18, 2023
Energy UAE-UK Business Council unveils blueprint for energy transition The UAE and UK must step up co-operation on clean energy if they are to meet their decarbonisation targets, the UAE-UK Business Council has said. The council’s energy transition white paper, published on January 17, said there was “an untapped commercial opportunity to be exploited from closer collaboration between both countries in terms of developing […] January 17, 2023
Opinion Economy Unravelling the Gulf’s energy conundrum The region gained wealth and political clout last year. Now, as the UAE prepares to host Cop28, it will be expected to find – and fund – climate solutions January 16, 2023
Opinion Energy There’s no quick fix on energy. At PIF, we’re just getting on with it The Saudi sovereign wealth fund's head of energy and utilities explains why the transition to renewables is coming, but can't happen overnight – and why electric cars are older than you think January 9, 2023
Opinion Aviation Fly the environment-friendly skies Middle East airlines have led the way in showing how Gulf economies can diversify. Now they have to become pioneers of net-zero aviation too November 21, 2022
Opinion Energy UAE has taken the lead on net zero as rest of Gulf plays catch-up Even if countries fall short of their net-zero goals, more serious climate action, founded on solid and achievable initiatives, has arrived in the Middle East September 16, 2022
Opinion Energy The Gulf’s future is with renewables, not fossil fuel The replacement of Russian oil and gas with Gulf fossil energy won't meet commitments to climate protection August 31, 2022
Opinion Energy How big data will save the planet A clear and trusted data strategy is a must as we progress through a complex and critical energy transition process from carbon to clean August 25, 2022
Long read Energy Hello hydrogen: inside the GCC’s next mega-commodity With annual revenues from green hydrogen in the GCC estimated to grow to about $200 billion by 2050, the region is investing heavily as a means to continue using its oil resources, while supporting international partners in reducing carbon emissions. Up to one million hydrogen-related jobs could be created in the Gulf within three decades, […] August 11, 2022
Energy Masdar takes lead as Azerbaijan sets ambitious green targets Masdar, the Abu Dhabi-based renewable energy company, announced on Tuesday that it has achieved financial close for its 230mw Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan. The project, the country’s first foreign investment-based independent solar power project and Masdar’s first in Azerbaijan, is co-financed by Abu Dhabi Fund for Development, the Asian Development Bank, the […] August 2, 2022
