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Energy Investment
Masdar to Acquire Saeta Yield From Brookfield Renewable for $1.4bn
Dr Sultan Al Jaber, United Arab Emirates Minister of Industry and Advanced Technology, chairman of Masdar and COP28 President, and Brookfield chair and Transiti…
Carbon Emissions
Brookfield Raises $2.4 Billion for Climate Fund Backed by UAE
Brookfield Asset Management (BAM.TO), opens new tab said on Monday it has raised $2.4 billion for the Catalytic Transition Fund (CTF), which is backed by the Un…
Renewable Energy
UAE’s Masdar Buys Brookfield’s Saeta Yield in $1.4 Bln Deal
Power-generating windmill turbines are surrounded by fog at a wind farm in the mountains of Galicia region, near Villalba, Spain March 20, 2024. REUTERS/Nacho D…
Oil&Gas Drilling
Egypt Aims to Restore Normal Output at Gas Fields by Summer 2025
Egyptian Prime Minister, Mostafa Madbouly, speaks during the World Governments Summit, in Dubai, United Arab Emirates, February 12, 2024. REUTERS/Amr Alfiky/Fil…
Solar Power Plant
Masdar, EDF and KOWEPO Finalise Funding for 1.5GW Solar Farm in UAE
The Al Ajban project is jointly owned by EDF Renewables, KOWEPO and Masdar. Credit: Masdar.EDF Renewables, Masdar and Korea Western Power (KOWEPO) have announce…
Oil & Gas Trade
Saudi Aramco Wants to Be a Major LNG Gas Player, Gas Chief Says
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing RightsThe wo…
Microgrid
Huawei Completes Construction of Microgrid Power Station in Saudi Arabia
An advertisement in the NEOM region in Tabuk, Saudi Arabia. Credit: SaudiArabiaPhotography.Huawei has built the world’s largest microgrid power station, w…
Nuclear Power Plant (NPP)
Barakah NPP Fully Operational
The Emirates Nuclear Energy Corporation (ENEC) announced a historic milestone for the United Arab Emirates (UAE) with the fourth unit of the Barakah NPP enterin…
Microgrid
Huawei Photovoltaic Microgrid for Red Sea Project Offers 1 Billion Kwh Solar Power per Year
Huawei has developed the world’s largest microgrid power station which delivers 1 billion kWh power supply per year. The new solution will play a signific…
LNG
ADNOC to Supply Indian Oil With LNG for 15 Years
General view of Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE December 10, 2019. Picture taken December 10, 2019. REUTERS/Satish K…
Hydropower Plant
TAQA Wraps up $460M Acquisition of UAE-Based Water Company SWS
Sustainable water solutions company SWS acquired by TAQA in $460m deal. (Credit: 后园 卓 from Pixabay)Integrated utility company Abu Dhabi National Energy Compa…
Nuclear Power Plant (NPP)
UAE’s First Nuclear Plant Begins Full Commercial Operation
Mohamed Al Hammadi, managing director and CEO, Emirates Nuclear Energy Corporation and World Nuclear Association (WNA) chairman; and Dr Sama Bilbao y Leó…
Hydrogen Project
ADNOC to Take 35% Stake in Exxon’s Texas Hydrogen Plant
ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsAbu Dhabi state oil gia…
Oil & Gas Trade
Saipem Wins Two Saudi Offshore Oil Contracts Worth Us$1 Billion
Saipem, an Italy-based global provider of engineering and construction services for the energy and infrastructure segments, announced two projects across three …
Solar Power Plant
ACWA Power Secures $2.6 Billion for 5.5 GW of Solar in Saudi Arabia
Image: Chirayu Trivedi, UnsplashACWA Power has landed SAR 9.7 billion ($2.6 billion) from a consortium of local, regional and international banks for the develo…
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