#Renewable Energy
Masdar, through its Iberian platform Saeta, closed the agreement for the construction and commissioning of one of the largest solar PV installations in Valencia of 234MW, with a potential BESS hybridisation of 259MW
Here are several key renewable projects that are driving the UAE towards its goal of achieving full clean energy capacity by 2050
Construction of the Jambyl wind farm is expected to begin in the first quarter of 2026, with the project slated for completion by 2028
Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes
By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach
The ambitious initiative comprises the Samarkand and Kungrad projects, which together have 2.5GW of generation capacity and 968MW of battery energy storage systems
The company will look at potential new opportunities with current partners, such as Endesa and Iberdrola
The deal consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW in Spain, 144 MW in Portugal and 63 MW solar PV assets in Spain
The renewable energy firm signed a US dollar-denominated 25-year PPA for a 1 GW solar power plant and 100 MW battery storage project
The city benefits from a thriving, diversified economy, fueled by strategic vision, structural reforms and prudent economic policies
The kingdom aims to grow its production capacity for low-carbon products to diversify away from oil and gas business
The company has invested in renewable projects around the world at different stages of development, valued above $30bn
Masdar is expanding in several parts of Europe, as well is in Asia, and the US
The energy transition presents the GCC region with opportunities for climate change mitigation and adaptation as well as economic diversification
The deals bring the total hydrogen production in Oman to 1.38 million tonnes per year
The deals span renewable energy, railway connectivity and investments in digital infrastructure and technology
The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024
Construction of the mega-facility could start in late 2025, with the first 800 megawatts (MW) of electricity expected to come online by 2029
The company’s board proposed a final cash dividend of 2.0 fils per share (approximately Dhs2.2bn), including a variable dividend of 0.7 fils
The global stocktake has been approved by the attending nations, marking a historic moment in the fight against climate change.
Major emerging economies like Nigeria, South Africa and Vietnam, developed countries like Australia, Japan and Canada, have said they will join the pledge
The solar facility is expected to reach financial close early next year and connect to the grid in 2025
The COP28 summit is seen as a crucial opportunity for governments to accelerate action to limit global warming
The clean energy project is expected to power more than 23,000 homes a year and displace 120,000 tonnes of carbon dioxide
The airport, assigned the code RSI, witnessed the arrival of its first flight by Saudia Airlines.
The initiative will allocate Dhs100m to bolster the adoption of green energy solutions with a focus on solar energy initiatives
The sixth phase of the project, set to be operational in stages starting from Q4 2024, will power over half a million residences while reducing carbon emissions by 2.36 million tonnes annually
Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity
This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects