INSEAD Day 4 - 728x90

Solar power

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • Electricity-starved Iraq looks to sun to power its future

    To encourage renewable energy, Iraq's Central Bank in 2022 announced the allocation of $750 million in almost zero-interest loans for individuals and private companies adopting solar power. But the initiative is "stalling due to a lack of cooperation from banks", according to Mohamed al-Duleimi, an expert in renewable energies.
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • China to control half the world’s hydrogen electrolyser capacity

    China's installed electrolyzer capacity has jumped significantly in recent years, and is expected to reach 1.2 gigawatts –- 50 percent of the global capacity -- after having accounted for just 10 percent of the global capacity in 2020. Electrolyzers are devices used for the industrial separation of hydrogen and oxygen...
  • Water-starved Saudi Arabia confronts desalination’s heavy toll

    The Jazlah plant in Jubail city applies the latest technological advances in a country that first turned to desalination more than a century ago. Projects like Jazlah, the first plant to integrate desalination with solar power on a large scale, are meant to ease the conflict: officials say the panels...
  • Middle East sets global standards in renewable energy

    This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green hydrogen, catalyzing a global clean energy shift.
  • Saudi Fund signs US$77m agreement to set up solar power plant in Belize

    Riyadh, Saudi Arabia-- Saudi Arabia has signed a $77 million loan agreement with Belize to set up a solar power plant in the Central American country. In this connection, the CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, today signed a loan agreement with the Prime...
  • Qatar to take hold of 40% share in future LNG market

    "We are increasing production to 126 MTPA, and we have another 16-18 metric tons per annum (MTPA) out of the US coming online next year," Al Kaabi adds, emphasizing their commitment to reducing emissions through CO2 sequestration and the use of solar power in new LNG production.
  • oil, prices, crude, asian stocks

    Iraq warned to end oil addiction in order to avoid ‘intensive care’

    Iraq looks to have renewable energies cover a third of its electricity needs by 2030 and has signed several contracts for solar plants. Its huge oil reserves are enough to produce crude at current rates for another century, but as the world works to wean itself off hydrocarbons, the country...
  • Investment in solar power to overtake oil first time this year: IEA

    The International Energy Agency (IEA) said that while the increasing investment in solar power is a welcome development. but investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050. Investment in clean energy and fossil fuels was equal only five years...
  • Saudi Arabia to invest $3bn in three new solar projects

    Riyadh, Saudi Arabia ‒ The Public Investment Fund (PIF) owned Water and Electricity Holding Company (Badeel) and ACWA Power are investing $3 billion into three new solar projects in Saudi Arabia. To this end, the companies announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC). The...
  • Sustainable industries key driver of RAK economy

    “Ras Al Khaimah has adopted a clear long-term strategy based on establishing a balanced multi-resource economy,” he adds during a visit to a facility of the Kuwait Packaging Materials Manufacturing Company in RAKEZ, noting that the emirate’s economic flexibility has enabled it to adopt sustainable plans that will enhance its...
  • Masdar, Cote d’lvoire to develop 70MW solar power plant

    Abu Dhabi, UAE -- Masdar has signed an agreement with the Cote d'lvoire's energy ministry to explore the development of a 70-megawatt solar power plant. The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led program that aims to raise public- and private-sector funds to invest...
  • Qatar’s Dr cool says air conditioned marathon possible in Gulf state

    There are already air-conditioned streets in the Katara cultural district and Qatar has a 1.1 kilometer air-conditioned jogging track in one city park. Media reports have said an Olympic marathon could also be specially cooled.
  • Power-starved Lebanon turns to solar energy

    Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more than an hour or two.
  • Sono Motors, German start-up, to roll out solar car next year

    The Sion, a five-person family car covered completely in solar panels, should enter into serial production in the second half of 2023, the German start-up developing the vehicle said Monday.
  • Solar power costs in US decreased 80% since 2009: DOE

    The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community report, its guidebook to help local governments unlock environmental and economic benefits of increased solar deployment in their communities.
  • Gulf watch: Sectors that will grow most in 2022

    The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and social dynamics.
  • Israel, Jordan agree US-brokered solar power for water deal

    Ministers from the neighbouring countries inked the US-brokered agreement at a Dubai Expo event joined by John Kerry, the US Special Presidential Envoy for Climate. "The Middle East is on the frontline of the climate crisis," Kerry said in a statement. "Only by working together can countries in the region...
  • Syria inks solar plant deal with UAE firms

    Syria has signed a deal with United Arab Emirates firms for the construction of a solar power plant near Damascus, state media said Thursday, in a sign of growing economic ties.
  • Dubai set to achieve clean energy targets by 2050

    It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a global hub for clean energy and a green economy
  • Saudi Arabia set to build two 600MW solar plants

    The plants will be built on land plots with a total area of 12 million sq m in Jeddah and Rabigh.
  • DEWA to add additional 600MW of clean energy capacity to Dubai’s energy mix in 2021

    The technologies fueling this expansion are photovoltaic solar panels and concentrated solar power or CSP The move will increase DEWA’s total power capacity from clean energy to 1,613 MW Dubai Electricity and Water Authority is on its way to add 600 megawatts of clean-energy capacity through the solar route in...
  • 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...
  • Saudi Arabia allows a Spanish solar power firm to set up plant in the kingdom

    PV Hardware Middle East will manufacture trackers, mounting structures, and cleaning robots for the Saudi solar market
  • World Earth Day; where GCC is moving?

    In its massive drive to lessen its dependence on hydrocarbons and make earth a better place to live, GCC region is moving fast in the direction of renewables. Right from building the world’s largest solar energy part, to using latest technologies in harnessing wind energy, to going big in the...