• Aramco CEO terms energy transition strategy a failure

    Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is visibly failing on most fronts. adding that this is "hardly the future picture some have been painting." Fossil fuels accounted for 82% of global consumption last year.
  • Russia suspends gas supply to Italy due to transport issues

    SOFIA, BULGARIA - Russia's Gazprom has suspended gas deliveries to Italy's Eni, blaming a transport problem in Austria, the Italian energy giant said. "Gazprom told us that it was not able to confirm the delivery of the volumes demanded for today, citing the impossibility of gas transport through Austria," Eni...
  • Large turnout of visitors at WETEX, Dubai Solar Show

    The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in its 24th edition.
  • Masdar, REW sign collaboration pact

    The two firms will explore developing offshore wind projects.
  • Dubai reduced carbon emissions by 21 percent in 2021

    The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon emissions by 21 percent in 2021.
  • DEWA CEO briefs Utah House of Representatives delegation

    MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.
  • UAE, Uruguay discuss cooperation in various fields

    Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed with Uruguay's Minister of Livestock, Agriculture and Fisheries Fernando Mattos Costa the prospects for joint cooperation in several fields.
  • Work on world’s largest waste-to-energy project nearly completed

    Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project, has been completed. Its construction began in 2021 as a step toward projecting Dubai as a global model for sustainable development, local media reports said. DWMC reflects Dubai’s commitment to...
  • UN urges EU against fossil fuels in energy crisis

    The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in their response to soaring energy prices and fears of winter shortages. Russia has reduced supplies of gas to Europe since its invasion of Ukraine, sending prices for the fuel soaring.
  • World Green Economy Summit 2022 theme revealed

    Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero."
  • UN head appeals to world to end reliance on fossil fuels

    Calling on the world to put an end to the war with nature by investing in renewable energy now, UN head Antonio Guterres said Pakistan and other developing countries are paying a horrific price for the intransigence of big emitters that continue to bet on fossil fuels.
  • Two new solar projects to double Qatar’s renewable energy output

    Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source within two years. Energy Minister Saad Sherida al-Kaabi hailed the new development as a major step in efforts to "increase the reliance on high-efficiency renewal energy" in the Gulf state,...
  • ALEC Energy, Stantec sign deal

    They will enable firms to achieve UAE Energy Strategy goals.
  • Eni reports Q2 net profit of US$3.9bn

    Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the wake of the Russia-Ukraine crisis.
  • 7.1 GW of renewable energy under production in Saudi Arabia

    Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are now in various stages of completion, media reports said, quoting S&P Global. An additional 15 GWs are expected in 2022 and 2023, the agency cited the ministry as saying. The...
  • ‘Hydrocarbon trade must finance transition to clean energy’

    A study in the journal Nature Climate Change found that within this century, parts of the Gulf region could be hit by "unprecedented events of deadly heat as a result of climate change".
  • Emerge, Miral to install solar energy at Abu Dhabi theme park

    Emerge and Miral signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park on Yas Island. Emerge is a joint venture between UAE’s Masdar and France’s EDF, while Miral is Abu Dhabi’s leading creator of immersive destinations and experiences The project will have a...
  • Saudi Arabia and Italy to explore investment opportunities

    Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities. The Italian delegation would be led by Italian Minister for Foreign Affairs and International Cooperation Luigi Di Maio. The forum will focus on finance, infrastructure and mobility, tourism and culture,...
  • BP buys 40% stake in Australian renewable plant, largest on earth

    Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as the largest renewable power station on earth.
  • Kuwait awarded nearly $6 billion worth of tenders in 2021

    The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuwaiti media that the number of the awarded tenders has been mounting on an annual basis, but due to the impact of coronavirus pandemic, only 98...
  • Masdar of UAE to develop 4,000 MW of clean energy in Azerbaijan

    Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined capacity of 4,000 MW.
  • UAE and India to expand ties in renewable power, sustainable finance

    India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total volume of the UAE's trade with the world, and 13 percent of the UAE's non-oil exports.
  • China, Europe to lead record renewable energy growth in 2022: IEA

    The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain...
  • Al Maktoum Solar Park key to achieving UAE’s net zero goal: DEWA

    Dubai Electricity and Water Authority (DEWA) is implementing the Mohammed bin Rashid Al Maktoum Solar Park clean and renewable energy project to achieve net-zero emissions by 2050. Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world. The solar park has a planned capacity...
  • Dalai Lama urges reduction of fossil fuel to fight climate crisis

    Tibetan spiritual leader the Dalai Lama urged the public to reduce fossil fuel use during a meeting with activists to mark Earth Day, warning that the climate change crisis transcends national boundaries. "In my own life I have witnessed the decline in snowfall, first in Tibet and later, in Dharamshala,"...
  • Masdar and Kyrgyzstan to explore renewable energy projects

    Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Kyrgyzstan to explore the development of renewable energy opportunities in the Central Asian nation and support Kyrgyzstan’s clean-energy objectives. Bekmurzaev Doskul Djumagulovich, Minister of Energy of the Kyrgyz Republic and Abdulla Zayed, Head of Development and...
  • USA to ease limitations on E-15 gasoline sale as oil demand surges

    In an effort to ease Americans' pain at the gas pump, President Joe Biden has announced his administration will ease restrictions on the sale of E15 -- gasoline that includes 15 percent ethanol -- and new investments in biofuels as a whole. But the decision hasn't pleased scientists who study...
  • GCC keeps pace with global solar, wind trends

    Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.
  • Major UAE companies to work for raising solar power production capacity

    The companies are Emirates Global Aluminum (EGA), Abu Dhabi National Energy Company (TAQA), Dubai Holding and Emirates Water and Electricity Company (EWEC).
  • Middle East Energy opens next week, will focus on energy transition

    Policymakers, business leaders, and industry experts from the energy industry will converge in Dubai next week to participate in Middle East Energy, formerly Middle East Electricity. The event will take place at the Dubai World Trade Centre, from 7th-9th March, under the theme, "Guiding you through the energy transition". It...
  • Which GCC countries have largest renewable capacity?

    From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.
  • Middle East Energy Event to address future of energy transition

    The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March. The event will address the future of the energy transition and discuss the opportunities surrounding green hydrogen in the region, local media reports said. According to a report by consultancy...
  • EU nations debate whether nuclear, natural gas energy ‘sustainable’

    Hours before the window for lodging objections closed, EU environment and energy ministers meeting in France on Friday differed sharply on a European Commission provision that would classify nuclear and natural gas energy as ‘sustainable’. Countries in the European Union had until midnight Friday to suggest modifications.
  • UAE, South Korea ECAs sign MoU to boost green energy investments

    The official export credit agencies of the UAE and South Korea have signed an MoU to boost investments in sustainable green energy, with a focus on hydrogen production projects development and trade relations between the two countries. Under the agreement between Etihad Credit Insurance and K-SURE, the official export credit...
  • Masdar and Manchester City to launch climate awareness campaign

    Renewable energy company Masdar will become an official partner of Manchester City under an agreement that will see them collaborate in several activities, such as launching a global campaign on the importance of climate action and mitigating climate change. The campaign will coincide with the Masdar-hosted Abu Dhabi Sustainability Week...
  • Egypt looks to raise renewable energies share to 42% by 2035

    Egypt is looking to increase the share of renewable energies to over 42 percent by 2035, after the country reached 2022’s target for boosting renewables to 20 percent early this year.
  • ACWA Power final IPO price nearly $15 per share, targets raising $1bn

    The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.
  • Saudi Arabia allots land for 600 megawatt solar plants

    Saudi Arabia is constructing two renewable energy plants as part of the kingdom’s plan to generate 50 percent of its energy from renewables.
  • Green drive: Middle East bets big on renewables

    To forestall the crippling effects of climate change, Saudi Arabia and the UAE have put on track projects worth billions of dollars to significantly lower emissions.
  • Arab countries vie with each other in $200 billion green hydrogen race

        With its abundant sunlight and wind resources, the Middle East could be the hub of renewable energy The latest country to enter the race is Egypt with its $4 billion investment plan   Hardly a week goes by when there is not a new announcement made by a...
  • Morocco aims to be a major green hydrogen producer in the region

      Morocco to transition to renewable source of energy The country will team up with the Abu Dhabi-based International Renewable Energy Agency to speed up the energy transition Morocco has set its sights on becoming a major green hydrogen producer, and in this regard it will be working with the...
  • Saudi Arabia to use cooking oil to fuel transport in Red Sea Project

      It has teamed up with the region's largest biofuel producer to help fuel the site's transportation network This is part of kingdom’s commitment to renewable energy   Saudi Arabia will adopt a novel way of running transport in its Red Sea Project by the use of old cooking oil....
  • Abu Dhabi’s largest solar-powered car park completed

    It has 7,542 solar panels producing electricity The facility is expected to reduce the emission equivalent of 5,300 tons of carbon dioxide per year Abu Dhabi’s largest solar-powered car park is complete, announced renewable energy firm Abu Dhabi Future Energy Company, aka Masdar, and Abu Dhabi Airports. With 7,542 solar...
  • Renewables grew fastest in two decades in 2020: IEA

    IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added enough infrastructure to produce 280 GW of energy via renewable sources in the year gone by   Wind, solar and other renewable sources of electricity showed in 2020 their fastest...