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Business, Economy, Energy

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Oman to generate 25 GW of solar, wind energy

EWEC supplied approximately 6.2GW of the total 7.7GW system power demand.
By TRENDS Desk
April 5, 2022 3:22 pm
  • The country aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.
  • Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects

An international consortium comprised of Oman Oil Company Exploration and Production (OQ), InterContinental Energy, and EnerTech on Monday announced further progress on the development of the Green Energy Oman (GEO) integrated green fuels mega project.

This project aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.

Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects, which will put Oman at the forefront of countries that implement similar projects.

The project will utilize Oman’s natural resources of wind and solar to produce green fuels.

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