Egypt Targets 42 Percent Renewable Energy by 2030, Expands Grid Capacity

During the EETC General Assembly, Minister Esmat highlighted Egypt’s progress in renewable energy, with 22.8 GW capacity and a target of 42 percent by...

Middle East Market | December 23, 2024 | By EI News Network |  2460 readings

ACWA Power to Raise SAR 7,125 Million Through Rights Issue

ACWA Power has submitted a proposal to Saudi Arabia’s Capital Market Authority to raise SAR 7,125 million (~ USD 1.9 billion) through a rights issue,...

Middle East Market | December 20, 2024 | By EI News Network |  2105 readings

SCZONE Launches Elite Solar PV Plant in Egypt

SCZONE has launched Chinese Elite Solar PV plant in TEDA Egypt, Ain Sokhna. Set for 2 GW capacity, it will create 600 jobs and boost Egypt’s renewable...

Middle East Market | December 19, 2024 | By EI News Network |  1498 readings

UAE’s AMEA Power Commissions Egypt’s Largest 500MW Solar Plant in Aswan

AMEA Power completes Egypt’s largest 500MW Abydos Solar PV Plant in 18 months. The project powers 300,000 households, offsets 782,300 tonnes of CO₂,...

Middle East Market | December 17, 2024 | By EI News Network |  1530 readings

UAE-Bahrain Partnership Boosts Gulf Sustainability

The UAE and Bahrain are advancing Gulf sustainability through renewable energy, water conservation, and economic diversification. Their collaboration, led by...

Middle East Market | December 16, 2024 | By EI News Network |  1416 readings

President of Uzbekistan Inaugurates 500MW Zarafshan Wind Farm in Central Asia

Masdar has committed to invest USD2 billion in clean energy projects in Uzbekistan that have a total capacity of more than 2GW. In addition, Masdar has a pipeline...

Middle East Market | December 16, 2024 | By News Bureau |  1168 readings

Arctech's SkyLine II Solar Tracker Powers Azerbaijan's First and Largest Utility-Scale Solar Project

The plant generates an annual output of 500 million kWh, sufficient to supply the electrical needs of 110,000 households while reducing carbon dioxide emissions...

Middle East Market | December 16, 2024 | By News Bureau |  1041 readings

Egypt Secures USD 40M OPEC Fund Loan for Gulf of Suez Wind Farms

Egypt received USD 40M from the OPEC Fund to develop 1.1 GW wind farms in the Gulf of Suez, advancing its renewable energy targets. The USD 1.1B project will...

Middle East Market | December 13, 2024 | By EI News Network |  1282 readings

PDO Partners with OQAE, TotalEnergies for RE Projects

Petroleum Development Oman, OQAE, and TotalEnergies will develop three renewable energy (RE) projects, including a 100 MW solar farm and two 100MW wind farms,...

Middle East Market | December 12, 2024 | By EI News Network |  1812 readings

MENA to Emerge as Global Renewable Energy Leader

The MENA region is advancing clean energy ecosystems, hydrogen production, and green exports. Key initiatives include UAE’s USD 40 billion investments,...

Middle East Market | December 11, 2024 | By EI News Network |  2647 readings