Azerbaijan Unveils 6 GW Renewable Energy Target by 2030

Azerbaijan aims to develop 6 GW of renewable energy by 2030, focusing on solar, wind, and hydropower. The key partnerships with Masdar and BP, alongside plans...

Middle East Market | November 14, 2024 | By EI News Network |  1451 readings

Ceer Partners with Rimac for High-Performance EV Drive Systems in Saudi Arabia

Ceer, Saudi Arabia’s first EV brand, has partnered with Rimac Technology to equip its flagship vehicles with advanced Electric Drive Systems, marking...

Middle East Market | November 13, 2024 | By EI News Network |  1828 readings

Arctech Ships SkyLine II Solar Trackers for 320 MW PV Project in Uzbekistan

Arctech announced that it has started the shipment of its signature 1P single-axis solar tracking system SkyLine II for the 320MW photovoltaic project in Buka,...

Middle East Market | November 12, 2024 | By News Bureau |  1290 readings

Mercantile & Maritime Group Announces Biofuel Facility Expansion in Fujairah

Singapore-based Mercantile & Maritime Group, dealing in energy, logistics, and oil and gas trading, has announced a significant expansion of its MENA Terminals...

Middle East Market | November 11, 2024 | By EI News Network |  1970 readings

ACWA Power Reports Strong Financial Results

ACWA Power reported a 16 percent rise in net profit for the nine months ending September 30, 2024, driven by increased operating income and significant project...

Middle East Market | November 08, 2024 | By EI News Network |  1391 readings

Masdar, Sarawak Energy, and Gentari Team Up for Malaysia's Large-Scale Floating Solar Project

Masdar, Sarawak Energy, and Gentari signed a partnership to assess a large-scale floating solar project at Malaysia's Murum Hydroelectric Plant. The initiative...

Middle East Market | November 07, 2024 | By EI News Network |  2235 readings

Saudi Arabia Launches 8 GWh Battery Storage Tender to Boost Renewable Energy

Saudi Arabia initiates a 2,000 MW/8,000 MWh battery storage tender with four projects under the build-own-operate model, aiming to enhance grid flexibility...

Middle East Market | November 06, 2024 | By EI News Network |  2694 readings

Saudi’s Desert Technologies to Establish 5 GW Solar Manufacturing Complex in Jeddah

In partnership with Modon, Desert Technologies will invest SAR 750 million to build Saudi Arabia’s largest solar panel and cell manufacturing plant, aiming...

Middle East Market | November 05, 2024 | By EI News Network |  2707 readings

Qatar, South Korea Forge Stronger Energy Partnership with Focus on Renewables

Qatar and South Korea strengthened their energy partnership, focusing on secure LNG supplies, renewable energy, and shipbuilding. The collaboration aligns with...

Middle East Market | November 04, 2024 | By EI News Network |  1583 readings

IFC Grants USD 240 Million to ACWA Power for Uzbekistan's RE Expansion

IFC’s USD 240 million loan supports ACWA Power's solar and battery projects in Uzbekistan, expected to reduce CO₂ emissions by 1.3 million tons annually....

Middle East Market | November 01, 2024 | By EI News Network |  1432 readings