• A greener globe requires a greener industry, says Chinese industry leader

    Beijing, China-- A greener globe requires a greener energy industry, which could definitely be represented by new quality productive forces such as green hydrogen, according to Baoshen Zhong, Chairman of LONGi Green Energy. China Economic Net quoted Zhong as saying, during the 2024 Two Sessions, that “Renewable energy, mainly photovoltaic...
  • Masdar completes acquisition of 49% stake in Dogger Bank South project

    Abu Dhabi, UAE--Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3 gigawatt (GW) Dogger Bank South (DBS) project – one of the world’s largest planned offshore wind farms. The planned $13.89 billion joint investment with RWE, a leading renewable energy company...
  • World adds 50% more renewable energy capacity in 2023

    The International Energy Agency said that the renewable energy capacity added to energy systems went up 50 percent in 2023, touching almost 510 gigawatts, with solar PV accounting for three-quarters of additions worldwide. Nearly 200 nations at the COP28 summit last month agreed to transition away from fossil fuels.
  • UAE signs agreements to develop Kazakhstan renewables sector

    Dubai, UAE--The United Arab Emirates (UAE) and Kazakhstan signed an agreement outlining a commitment to co-operation in the development of Kazakhstan’s renewables sector, including through the development of a large-scale wind power project with a 1GW capacity. Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, oversaw the signing of the...
  • EDB pledges to expand UAE’s renewables market through easy financing

    Dubai, UAE-- With its financing packages for the renewables sector to support the transition to clean and sustainable energy sources, Emirates Development Bank (EDB) underscores its commitment to driving the development and growth of solar power adoption across the emirates. The bank, in line with the UAE Energy Strategy 2050...
  • UAE and Barbados look to deepen trade, energy ties

    Bridgetown, Barbados-- The UAE and Barbados have discussed prospects for bolstering bilateral cooperation, particularly in climate action and renewable energy, besides looking to boost economic and trade ties between the two countries. The subject was discussed in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs...
  • G20 per capita coal emissions growing: research

    According to the research published by Ember, an energy thinktank that pushes for renewable power, per capita G20 coal emissions rose nine percent. In July, the group failed in talks to agree that global emissions should peak by 2025 or to massively ramp up renewable energy use.
  • Tunisia and EU sign ‘strategic’ deal on economy, migration

    The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been criticized over its treatment of migrants after President Kais Saied accused "hordes" of migrants from sub-Saharan African countries of a "plot" to change the country's demographic makeup.
  • Saudi Arabia and France sign MoU to deepen ties in energy sector

    Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy, with a focus on renewable resources. In this connection, Saudi Energy Minister Prince Abdulaziz bin Salman and his French counterpart, Agnes Pannier-Runacher, signed the agreement. The two countries released a...
  • UAE is focused on uniting parties in a COP that delivers for all: Al Jaber

    Dr. Sultan bin Ahmed Al Jaber believes that the Caribbean region will have a key role at COP28 in bringing countries together and contributing to a consensus-driven approach across "every climate pillar." He affirmed a just energy transition can be delivered that embraces clean technologies, without sacrificing energy security or...
  • Sheikh Hamdan launches first phase of waste-to-energy project

    Making a strong push for transition to a green economy by building a clean energy infrastructure, Dubai saw the launch of the first phase of the plant at Warsan. Speaking at the site, the crown prince of Dubai said that the emirate has steadily expanded its capacity to produce energy...
  • Arab-China summit sees $10bn deals on first day

    Investment agreements between the two sides covered diverse sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.
  • UAE, Egypt sign US$10bn deal to build Africa’s biggest wind farm

    A consortium of companies, Masdar, Infinity Power and Hassan Allam Utilities have signed an agreement with Egypt to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, costing more than US$10 billion. The 10 GW plant will save Egypt some $5bn in natural gas costs a year.
  • IEA says renewable energy capacity to increase at record level in 2023

    PARIS, FRANCE -  Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fueled the deployment of solar and wind systems, the International Energy Agency said on Thursday. Global additions of renewable energy capacity are expected to rise by 107 gigawatts...
  • COP28 chair Sultan Al jaber urges tripling of renewables capacity

    Al Jaber's call marked a public endorsement of a target laid out by the International Energy Agency. Last month at a closed-door meeting with G7 leaders in Japan, he had also raised the target. At the same time, he did not call for a complete end to the use of...
  • Masdar expands US footprint with 50% stake in renewables project

    The Big Beau project, located in California, comprises a 128-megawatt solar plant and a 40 MW/160 MWh battery energy storage system.
  • Indian, UAE cooperating in green hydrogen development: Indian minister

    New Delhi, India -- India’s Minister for New, Renewable Energy and Power, R K Singh said on Tuesday that India and the UAE have both taken a lead in the development of renewables at low costs.  “The two countries are moving towards a strong relationship in the field of renewable...
  • ACWA Power logs 411m profit

    The company's operating profit rose 13.5% to $696 million.
  • Renewables help offset rise in coal emissions in 2022, IEA says

    "The impacts of the energy crisis didn't result in the major increase in global emissions that was initially feared –- and this is thanks to the outstanding growth of renewables, EVs, heat pumps and energy-efficient technologies," IEA executive director Fatih Birol said.
  • Masdar to build 5-gigawatt renewable energy projects in Africa

    Abu Dhabi, UAE--Masdar has signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW). The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds...
  • UAE and US form expert group to govern clean energy partnership

    The formation of the bilateral body to govern the Partnership for Accelerating Clean Energy (PACE) will be composed of private sector and government representatives from both countries. Its goal is to catalyze $100 billion in financing, investment and other support and deploy 100 gigawatts of clean energy by 2035.
  • Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi

    ABU DHABI,  UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets. Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam,...
  • UAE provides ‘conducive environment for cooperation’ between fossil fuel providers and climate activists

    "The [energy] landscape in 2023 will have much of the same volatility we've seen in 2022. The difference is the Chinese economy is going to come back because of the lifting of COVID-19 restrictions, but at the same time Europe and the United States are going to be slowing down,”...
  • UAE looks to deepen renewable energy partnership with Scotland

    Dubai, UAE--A UAE delegation led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade is on a visit to Scotland to discuss renewable energy projects and other potential areas of cooperation, such as science. The delegation included Rashid Abdul Karim Al Balooshi, Under-Secretary of Abu Dhabi...
  • US climate envoy commends decision to hold COP28 in UAE

    Washington, US— The US has commended the decision to hold next year’s 28th UN climate change conference in the UAE. Special Presidential Envoy for Climate John Kerry said that fossil fuel economies should be encouraged to lead the transition to clean energy. “It’s very exciting that the UAE, an OPEC...
  • IEA says energy crunch driving renewables boom

    Paris, France— The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet ambitious targets against global warming, the International Energy Agency said Tuesday. Total renewables capacity worldwide is set to almost double in the next five years and overtake coal as the...
  • Saudi signs agreements with Oman, Egypt to boost energy ties

    Sharm el-Sheikh, Egypt—Saudi Arabia has signed two separate agreements with Oman and Egypt to boost ties in the energy field. The deals were reached on the sidelines of the COP27 summit in Egypt. A memorandum of understanding was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and his Omani...
  • ACWA Power to build 10 gigawatts wind project in Egypt

    Riyadh, Saudi Arabia— ACWA Power Company of Saudi Arabia has signed an agreement with Egypt to build a 10 gigawatts project to produce electricity from wind energy in the north African country. According to the Saudi Ministry of Energy, the agreement has been reached with Egypt’s New & Renewable Energy...
  • IEA says fossil fuel CO2 emissions rise marginally in 2022

    The International Energy Agency has said that global carbon dioxide emissions from fossil fuel combustion will grow just one percent this year despite concerns that the energy crisis could lead countries to slow their transition to renewables. The IEA predicted CO2 emissions would stand at 33.8 billion tonnes in 2022.
  • UN urges transformation of global energy system

    Climate change risks undermining global energy security unless the use of renewables is dramatically scaled up, the UN warned Tuesday, suggesting the Ukraine conflict's effects could speed up the green transition. Energy sector is a major source of carbon emissions that drive climate change, the UN's World Meteorological Organization said.
  • Renewables grow to meet global electricity demands: study

    In its new analysis, energy think tank Ember compared data from the first six months of the year -- which included the Russian invasion of Ukraine -- and the beginnings of the international energy crisis.
  • Goal: A just energy transition that’s equitable to all

    It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the deployment of practical solutions. For that, we need an inclusive approach that leverages the experience of all sectors of society, he added in a writeup for Project Syndicate.
  • Saudi delegation discuss energy, climate action at Tokyo conference

    A delegation from Saudi Arabia’s King Abdullah Petroleum Studies and Research Center (KAPSARC), participated in Tokyo’s 43rd International Association for Energy Economics (IAEE) conference. KAPSARC's experts shared insights on global energy and environmental concerns, disseminating solutions to help shape future energy policies and encourage climate action. The insights included the...
  • IHC completes $2bn Adani deal

    IHC to provide capital to Adani firms for green energy projects.
  • Global projects to fuel Aramco 2022 growth

    The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments, says Rehan Akbar, Senior Vice-President at Moody’s.
  • ‘Ocean battery’ targets renewable energy dilemma

    Amid the growing push away from climate-warming energy sources like coal, stockpiling green energy is key, experts say.
  • Sunny but isolated, Cyprus toils to boost green energy

    Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy and Climate Plan.
  • ACWA Power plans to stop investing in non-renewable projects: CEO

    ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by 2050. Riyadh-based ACWA, the only listed company with big renewable energy and hydrogen projects in the pipeline, is 44 percent owned by Saudi Arabia's sovereign wealth fund PIF CEO of...
  • Masdar to build five solar plants with a capacity of 1 GW in Iraq

    Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with a combined capacity of 1 gigawatt (GW). The company signed an implementation agreement with Iraq’s Ministry of Electricity and the National Investment Commission to develop a 450-megawatt (MW) plant in...
  • Total rebrands as TotalEnergies, adopts new visual identity

    TotalEnergies is a broad energy company that produces and markets energies on a global scale The new name and new visual identity embody the new course TotalEnergies has charted for itself Global oil major Total has announced that it has won approval at the Ordinary and Extraordinary Shareholders’ Meeting to...
  • Saudi Arabia allows a Spanish solar power firm to set up plant in the kingdom

    PV Hardware Middle East will manufacture trackers, mounting structures, and cleaning robots for the Saudi solar market
  • AUS, Petrofac partner to improve solar energy efficiency

    AUS, Petrofac develop a technology that can remotely assess the cleanliness of solar panels Abundant sunlight makes the UAE a prime location for solar energy sites With solar energy a high priority for public and private organizations throughout the UAE and wider region, the American University of Sharjah (AUS) and...