Middle East Shifts to EVs with Help from VinFast

The Middle East is transitioning from oil dependency to focus on environmental sustainability and economic diversification, with electric vehicles (EVs) at...

Middle East Market | July 25, 2024 | By EI News Network |  1914 readings

Masdar Secures USD 1 Billion to Expand Global Renewable Energy Projects

The USD 1 billion proceeds that will be generated from the issuance will be deployed to fund Masdar’s equity commitments on new greenfield projects, several...

Middle East Market | July 23, 2024 | By News Bureau |  1751 readings

Sungrow Secures Major 7.8 GWh Battery Storage Contract in Saudi Arabia

The storage projects, expected to be delivered this year, will be located in Najran, Madaya, and Khamis Mushait, Saudi Arabia. The connection to the grid for...

Middle East Market | July 22, 2024 | By News Bureau |  1953 readings

Mwasalat Oman Secures Funding for Electric Public Bus Project

This twin sponsorship deal reflects Oman’s strong commitment to the nation's pursuit of sustainable transportation.

Middle East Market | July 15, 2024 | By News Bureau |  2329 readings

Masdar and EDF Forge Ahead with Largest Solar Plant

The project is located at SNOC's Sajaa Gas Complex, the 60 MW solar installation marks a significant milestone in the emirate's renewable energy landscape.

Middle East Market | July 10, 2024 | By News Bureau |  1815 readings

South Korean Eximbank to Finance USD150 Million for UAE Solar Power Project

The firm revealed that the project is located in the expansive Ajban desert, 70 kilometers east of Abu Dhabi, spanning over 20 square kilometers and will feature...

Middle East Market | July 09, 2024 | By News Bureau |  1504 readings

Kuwait Forges Ahead Toward a Sustainable Future with Ambitious Renewable Energy Vision

Kuwait aims to generate 15 percent of its electricity from renewable sources, marking a significant stride towards energy independence and environmental stewardship.

Middle East Market | July 09, 2024 | By News Bureau |  2213 readings

ADNOC Secures USD 3 Billion Green Financing Deal from JBIC

The finalisation of the green financing agreement marks a longstanding strategic energy relationship between Japan and the United Arab Emirates.

Middle East Market | July 08, 2024 | By News Bureau |  1577 readings

Sineng Delivers 1016 MW Capacity Inverters for Al Kahfah Solar Project in Saudi Arabia

The Al Kahfah solar PV project is owned by ACWA Power and Badeel.

Middle East Market | July 04, 2024 | By News Bureau |  2069 readings

GE Vernova Launches First Locally Built H-class Gas Turbine Unit in Saudi Arabia

GE Vernova’s H-class gas turbines provide the most cost-effective conversions of natural gas to electricity, and support sustainable power generation...

Middle East Market | July 03, 2024 | By News Bureau |  2126 readings