Imagine a world where summers are relentlessly hot, droughts are commonplace and coastal cities face rising sea levels. This is not a distant future, but a reality based on recent climate data. Statistics from Nasa show 2023 was the hottest year on record, with temperatures around 1.2 degrees Celsius warmer than the 19th-century average. The world […]
Electricity generation from fossil fuel dropped to its lowest share last year as sources of renewable power delivered the highest amount of energy recorded in the UK. The Energy Department said renewable generation hit 135 terawatt hours (TWh) in 2023, although this was broadly in line with 2022 levels as new capacity was offset by difficult weather conditions. The […]
A growing number of private equity funds are investing in the UAE’s renewable energy projects and energy transition initiatives, encouraged by an abundance of capital and geopolitical stability. The Emirates, the Arab world’s second-largest economy, plans to achieve carbon neutrality by 2050. It hosted the Cop28 climate conference in December, and this introduced many companies and funds to the […]
When my father was born, European and American homes were heated with coal, horses were still a common means of transportation, and there was no such thing as nuclear power. My children may well make it into the 22nd century when I hope today’s energy systems will seem as antiquated. In an attempt to overcome our […]
Abu Dhabi clean energy company Masdar on Thursday announced the inauguration of the 230-megawatt Garadagh Solar Park in Azerbaijan, the region’s “largest” operational solar plant, which is due to open soon. Masdar also signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt in the Central Asian country, the company said in a […]
France’s Engie is keen to start new hydrogen projects in Saudi Arabia, the UAE and Oman as it aims for 4 gigawatts of green hydrogen capacity globally by 2030 amid energy transition strategies to cut emissions, a senior executive has said. The Paris and Brussels-listed company has new projects planned in Asia, the Middle East, Africa and Europe, Stephan […]
The number of renewable energy projects, including solar plants, expected to tap into capital markets for financing is set to rise in the six-member GCC economic bloc, S&P Global Ratings has said. The UAE and Saudi Arabia — the Arab world’s two largest economies — have already set up public-private partnership frameworks, making project financing an “obvious […]
More must be done to accelerate green investments in the Mena region and help it make a sustainable transition, climate advocates and business leaders said in Cairo. Better investment will increase employment opportunities and boost economic development, Tarek Tawfik, chairman of the American Chamber of Commerce (AmCham) Mena Regional Council and president of AmCham Egypt, said on Sunday. “Countries […]
Dubai is now home to the world’s largest solar-powered data centre in the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The complex is developed by Moro Hub (Data Hub Integrated Solutions), a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority. Recognised as the biggest solar-powered […]
The crisis engulfing India’s Adani Group highlights the need for India to further expand its sources of green energy investment and production beyond a heavy dependence on a few private conglomerates, analysts say. The sector could see a slowdown in investment amid the fallout of the Adani crisis, although experts say that the country’s renewable energy industry is in a […]
