#renewables
The Abu Dhabi renewable energy firm plans to acquire all outstanding shares of Terna Energy in an all-cash tender offer, subject to regulatory approval
The two entities agreed to collaborate on joint investments in renewable energy projects developed, invested in, or operated by Masdar
The agreements cover a range of projects across the GCC, China, Central Asia and North Africa, focusing on financing, renewable energy, storage projects, and research and development initiatives.
The wind farm, which is on track to start operations by the end of the year, will consist of 50 wind turbines built on monopile foundations
After hitting record highs for added renewable energy capacity in 2023, can the Middle East capitalise on this momentum in 2024?
The key goal would be to slash fossil fuel use this decade while a smaller club of countries plan to scale up nuclear energy.
The $13.9bn project will consist of two 1.5GW offshore wind farms, with Masdar as a key partner in the project.
The stand will be located in the Green Zone and it will highlight the company’s efforts in energy, water and renewables
In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects
The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities
The annual UN climate summits tend to be large, complicated, diplomatic efforts that require a consensus among all nations attending
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
The plant would support the Republic of Côte d’Ivoire’s goal of 42 per cent of its energy mix coming from renewable sources by 2030
The project marks ACWA Power’s entry into the Central Asian country with an initial investment of $1.5bn
The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen
The acquisition will support Masdar’s offshore wind and renewables investment strategy
The partnerships build on ADNOC’s position in Asian clean hydrogen markets
Renewables are on track to overtake fossil fuels as the world’s largest source of electricity within five years
The UAE is now bidding to host the UN’s global climate talks in 2023
The company had begun reviewing its options at the start of the year
In light of historic oil price routs and oversupply triggered by the novel coronavirus, how imminent and optimal is recovery for regional energy markets? Gulf Business speaks to Rita Allan, senior Construction and Projects associate at Pinsent Masons Middle East, to find out more
In the wake of the pandemic, public and private power companies in the MENA region need to adjust their strategies
While all sources of energy — oil, coal, natural gas, and even nuclear — will see a decline, renewable energy is likely to be the bright spot