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Business, Economy, Energy

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

UAE solar energy leader in Arab world

More than 12 gigatons of wind and solar energy are currently produced in the Arab region.
By TRENDS Desk
September 12, 2022 11:21 pm
  • Renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region's total targets by 2030.
  • More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.

Dubai, UAE–A report by Global Energy Monitor published in June this year says renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region’s total targets by 2030. More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.

Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five times the region’s current renewable energy production.

These projects include 114 solar power plants and 45 wind power plants. TRENDS takes a look at which Arab nations are taking a lead in clean energy generation:

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