Search Site

Trends banner

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

‘Renewable energy is 20 percent of Jordan’s power output’

FOR REPRESENTATION PURPOSE ONLY
  • Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission
  • The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology

Renewable energy accounts for 20 percent or 3.2 gigawatts of total power output in Jordan, Secretary-General of the Arab Renewable Energy Commission (AREC), Mohammed Ta’ani told the Arab Green Summit (TAGS).

According to an AREC statement released Thursday, Ta’ani said -at the event in Dubai, the UAE – that the Kingdom has the highest transition rates to renewable energy sources and electric vehicles.

He urged Arab nations to develop their own renewable energy industries rather than importing foreign technology and to modernize electrical connections and power transmission by utilizing smart electricity grids.\

Ta’ani said that over US$ 1 trillion in investments are projected in Arab nations by 2035, highlighting the need for a strong infrastructure to support large-scale initiatives like Saudi Arabia’s NEOM project and electric interconnection with Europe.

He said that a new power strategy for Arab nations, relying on green hydrogen, smart cities, electric vehicles and sustainable energy is required to ensure a bright future for the next generation.

The summit discussed strategies for laying the groundwork for coordinated climate action to achieve the Paris Climate Agreement’s objectives of net zero emissions by 2050.