Masdar acquires TERNA Energy in record-breaking $3.4bn deal
renewable energy investments
Latest in renewable energy investments
clean energy
Middle East renewable energy investments to pass $75bn by 2030
Countries in the Middle East will invest heavily in renewable energy over remainder of decade while still being hydrocarbon production powerhouses
Green bonds
Masdar raises $1bn with green bond sale
Masdar advances UAE clean energy financing with Green Bond sale
Angel Investors
UAE startups: Global investors, VCs redirect funding to tech, renewable energy, tourism ventures
The UAE is witnessing technology platforms-driven transformation in the investment sector, with intermediary ventures such as Incomlend linking smaller businesses to major international investors and private funders for securing financing
clean energy
UAE’s Masdar to invest in $13.9bn UK renewable energy project: Rishi Sunak
UAE clean energy giant Masdar will invest in UK renewable energy project
climate change
How does the GCC measure up under COP’s sustainability spotlight?
Given the centrality of hydrocarbons to the entire region’s economy you can be sure that the Western press will continue to exercise the ‘main oil producers aren’t doing enough’ angle
Abu Dhabi Department of Economic Development
UAE invested $36bn in foreign renewable energy in 2022, plans $160bn net zero spend
The UAE is spending huge sums on energy transition and sustainable energy projects
COP28
UAE to invest $54bn in energy sector and triple renewables contribution
UAE announces updated National Energy Strategy as it looks to triple the contribution made by renewables
AMEA Power
Dubai-based AMEA Power bags 120 MW solar photovoltaic project in South Africa
AMEA, the majority shareholder in the $120 million project, partnered with a consortium wholly owned by African women, formed by Ziyanda Energy and Dzimuzwo Consulting for implementing the project
future city
How NEOM is preserving and enhancing Saudi Arabia’s natural capital
Saudi Arabia and the futuristic city of NEOM will play a key role in the battle against climate change
acquisitions
Saudi Arabia’s PIF acquires 9.5% stake in offshore wind energy developer
PIF’s investment in the energy developer is in line with its efforts to build global economic partnerships and opportunities
Abu Dhabi
Masdar to develop 100MWac solar photovoltaic plant in Turkmenistan
Agreement builds on the MoU signed during Expo 2020; ‘We hope the project will be the first of many Masdar projects in Turkmenistan’ says CEO Al Ramahi
Jeremy Crane
Yellow Door Energy raises $400 million equity to develop sustainable energy projects in MEA region
Leading sustainable energy partner for businesses to deploy over $1bn worth of projects
clean energy
Is there still a link between oil prices and renewable energy development in the GCC?
While high oil prices create a positive outlook for renewables in the region, how true is the opposite? Would a downturn in oil prices significantly hinder the plans for renewable energy? Are oil prices the only factor that affects how much the countries in the region will invest?
Abdul Latif Jameel Energy
Saudi Arabia’s Abdul Latif Jameel Energy refinances Australian solar farm amid plans to boost renewables capacity
Initiative set to meet energy demands of up to 45,000 homes
Alfanar Global Development
Saudi Arabia’s Alfanar Global Development to invest $532 million in Egypt
Alfanar will focus on localisation of technology for renewable energy, and implementation of IT projects, digital solutions, data centers and cyber security
Abu Dhabi
Abu Dhabi-based W Solar to set up power plants in Libya
W Solar will own and operate the projects for the first 25 years, and sell the net delivered energy from the plants to the Libyan government