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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Middle East and Africa may add 14 GW of wind power capacity

GWEC has estimated that 557 GW of new wind power capacity, with onshore accounting for 84 percent, will be added globally in the next five years under current policies.
By TRENDS Desk
April 6, 2022 10:58 pm
  • Between 2022 and 2026, South Africa (5.4 GW), Egypt (2.2 GW), Morocco (1.8 GW) and Saudi Arabia (1.3 GW) would lead the new wind capacity addition
  • The report said 2021 was the second-best year ever for the global wind industry after 2020 with almost 94 GW of capacity added

The Middle East and Africa can add 14 gigawatts of new wind power capacity in the next five years, according to latest Global Wind Report by the Global Wind Energy Council (GWEC).

Between 2022 and 2026, South Africa (5.4 GW), Egypt (2.2 GW), Morocco (1.8 GW) and Saudi Arabia (1.3 GW) would lead the new wind capacity addition, the report said.

Onshore installations in the region increased by 120 percent in 2021, the report noted.

GWEC has estimated that 557 GW of new wind power capacity, with onshore accounting for 84 percent, will be added globally in the next five years under current policies.

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