Abu Dhabi-based clean energy major Masdar and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, have announced the financial close on the Cirata floating photovoltaic power plant project, Arabian Business reports. Financing for the project – Indonesia’s first floating solar power plant – was arranged through Sumitomo Mitsui Banking Corporation, Societe Generale, […]
Oman is the latest Gulf state to make a push for ‘clean’ hydrogen by launching a grouping of 13 public and private entities to develop a framework for its future use. The new alliance, named ‘Hy-Fly,’ includes oil and gas operators, educational and research institutes, and port operators apart from government agencies, Gulf News states. […]
German energy trading company Uniper will join Oman’s planned green hydrogen project as an off-taker and will help it secure financing, Uniper reports. Uniper will provide engineering services and negotiate an offtake agreement for green ammonia derived from the hydrogen to be produced at the plant located within the Duqm free zone. An offtake agreement […]
Let’s get squinted with Dr. Shirley Yu, a political economist and nonresident fellow at Harvard University’s Kennedy School of Government, point of view about Chinese renewables politics. It’s crucial for us to compare the different opinions on this hard-discussed topic. *** US President Joe Biden would like to be remembered as the Earth-saving president. But […]
Dumat Al Jandal, the Middle East’s largest wind farm and the first in the Kingdom of Saudi Arabia, is now connected to the grid and has produced its first carbon-free megawatt-hours (MWh) of energy, WAM reports. The 400-megawatt (MW) utility-scale wind power project is being developed by a consortium led by EDF Renewables and Masdar, […]
Middle Eastern oil producers are making a big bet on hydrogen, the clean fuel that has been generating a lot of interest across the globe since the onset of the COVID-19 pandemic. As demand grows, the region seeks to lead the way in hydrogen production, The National News states. Hydrogen’s rise as a favored energy […]
Clean energy will account for about 13 per cent of Dubai’s power before the end of the year, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said on Tuesday. Renewables currently account for 10 per cent of Dubai’s energy mix. The emirate attracted Dh40 billion ($10.8bn) in investment from the private sector as […]
Oman authorities overseeing the rollout of new renewables-based electricity generation capacity in the Sultanate have identified seven locations for establishing wind power projects, Oman Observer reports. These locations comprise Sur and Jaalan Bani Bu Ali (North Al Sharqiyah), Duqm-1 and Duqm-2 (Al Wusta), and Al Jazir, Shaleem, and Sadah (Dhofar Governorate), according to a new […]
Hydrogen is morphing from a niche power source into a potential front-runner in the green energy revolution. Research shows that Saudi Arabia can become one of the world’s largest suppliers of the gas, Arab News reports. Many experts agree that “green” hydrogen, a carbon-friendly nontoxic gas produced using renewable energy, can play a significant role […]
With millennials pointing to cryptocurrency as the future of money while simultaneously campaigning for better environmental policies, some have questioned if the two goals contradict each other. Unlike fiat currency, cryptocurrency uses a large amount of energy to operate. This is because the mining process requires intensive computing power. US Senator Elizabeth Warren criticised Bitcoin, […]
