Middle East Market

Kuwait’s Shaqaya Renewable Energy Project Targets 4,500 MW

Kuwait’s Shaqaya Renewable Energy Project aims for 4,500 MW across four phases, advancing towards carbon neutrality by 2060 with feasibility studies for...

Middle East Market | July 30, 2024 | By EI News Network |  2613 readings

UAE's GMG Achieves 89 Percent Green Energy Usage

GMG's inaugural Sustainability Report reveals an 89 percent green energy usage in logistics, cutting 2,000 tonnes of CO2 emissions. The company highlights achievements...

Middle East Market | July 29, 2024 | By EI News Network |  2270 readings

Masdar and Endesa Finalise EUR 817 Million Deal for 2.5 GW RE Project in Spain

Masdar announced a EUR 817 million investment to acquire a 49.99 percent stake in Endesa’s 2.5 GW renewable energy assets in Spain. This deal, including...

Middle East Market | July 26, 2024 | By EI News Network |  1844 readings

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 |  2087 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 |  2012 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 |  2300 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 |  2684 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 |  1965 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 |  1698 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 |  2363 readings

 
 
 
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