TAG: "GCC"

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GCC Power Grid Expansion Secures AED 752 Million Boost from Abu Dhabi

Abu Dhabi funds AED 752 million for GCC power grid expansion, boosting UAE-Saudi link capacity to 3,500 MW. The project enhances energy security, enables renewables, and supports GCC’s net-zero ambitions.

GCC | July 02, 2025 | By EI News Network 1011

MERC Gives Partial Nod to Hybrid Projects, Seeks GCC Framework for Multi-Location Connectivity

MERC approves hybrid renewable grid connectivity based on higher individual capacity for single-site projects. It directs GCC to draft a framework within six months for enabling multi-location hybrid connectivity in Maharashtra.

GCC | June 27, 2025 | By EI News Network 800

Middle East’s Green Energy Drive Attracts Hong Kong Firms

Middle East nations’ USD 100 billion investment in renewables draws Hong Kong companies like Templewater and Forward Winsome, exploring hydrogen buses and solar tech partnerships in Qatar and Kuwait to boost regional sustainability.

GCC | May 08, 2025 | By EI News Network 1017

Middle East’s Sustainable Bond Issuance to Hit USD 23 Billion in 2025

S&P Global forecasts Middle East sustainable bond issuances to reach USD 18-23 billion in 2025, led by the UAE and Saudi Arabia. Despite a 2024 decline, rising demand for green finance and new bond types will drive future growth.

GCC | March 07, 2025 | By EI News Network 1362

GCC Reaffirms Commitment to RE and Carbon Neutrality Goals

GCC Secretary General Jasem Al-Budaiwi, speaking at Saudi Arabia's energy forum, emphasised Gulf nations' commitment to achieving renewable energy, carbon neutrality, and climate goals through innovation, clean energy investment, and international collaboration in addressing climate challenges.

GCC | October 28, 2024 | By EI News Network 1275

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