Arab League Launches Common Electricity Market for Regional Integration

The Arab League has initiated the Arab Common Electricity Market to enhance energy cooperation, renewable investments, and regional energy security. Agreements...

Middle East Market | December 03, 2024 | By EI News Network |  1859 readings

Saudi Arabia to Partner with EU on Green Energy and Clean Technology

The Saudi Arabia and EU are exploring a strategic partnership through an MoU focused on renewable energy, clean technology, and carbon capture, aiming to drive...

Middle East Market | December 02, 2024 | By EI News Network |  2942 readings

Masdar Acquires 70 Percent Stake in Terna Energy

Masdar has acquired a 70 percent stake in Terna Energy, Greece's renewable energy leader, for EUR 3.2 billion. The deal boosts Masdar's European portfolio,...

Middle East Market | November 29, 2024 | By EI News Network |  1566 readings

Qatar to Build World's Largest Blue Ammonia Plant, Set to Lead Global Energy Transition

Qatar is set to construct the world's largest blue ammonia plant in Mesaieed, capable of producing 1.2 million tons annually. The plant will use carbon capture...

Middle East Market | November 28, 2024 | By EI News Network |  1853 readings

Kuwait to Partner with China on USD 800 Million Solar Power Project

Kuwait collaborates with China to build Shagaya 3 and 4 solar plants under the IPP model, valued at USD 800 million. A joint venture will oversee financing,...

Middle East Market | November 27, 2024 | By EI News Network |  2734 readings

Masdar and Silk Road Fund Partner to Invest USD 2.8 Billion in RE Projects

Masdar and China’s Silk Road Fund have signed an MoU to co-invest up to USD 2.8 billion in renewable energy projects across Belt and Road Initiative countries,...

Middle East Market | November 26, 2024 | By EI News Network |  1608 readings

Hasa Energy Signs Oman’s First ESCO Contract with MOHUP

Hasa Energy partners with Oman’s Ministry of Housing and Urban Planning in a landmark ESCO agreement to cut energy consumption by 39 percent, aligning...

Middle East Market | November 25, 2024 | By EI News Network |  2242 readings

ACWA Power Partners with Itochu for Global Renewable Energy Projects

Saudi Arabia’s ACWA Power and Japan’s Itochu Corporation have signed an MoU at COP29 to collaborate on renewable energy and environmental infrastructure,...

Middle East Market | November 22, 2024 | By EI News Network |  1954 readings

Egypt Signs MoU for Two Solar Energy Factories to Boost RE Capacity

Egypt has signed an MoU with Global South Utilities and JA Solar to establish two solar energy factories, aiming for a combined 4 GW capacity to support the...

Middle East Market | November 21, 2024 | By EI News Network |  1676 readings

Uzbekistan Signs Battery Energy Storage Deal with ACWA Power at COP29

Uzbekistan has signed an agreement with ACWA Power for up to 2GWh of Battery Energy Storage System (BESS) projects, enhancing renewable energy development....

Middle East Market | November 20, 2024 | By EI News Network |  1684 readings