Middle East & Africa

President Murmu to launch 1,000 Mw solar power project in Rajasthan

South Africa’s Attacq looks to solar to reduce reliance on diesel- EQ Mag

March 16, 2023 Anand Gupta

JOHANNESBURG : Attacq plans to reduce its reliance on diesel generators used to keep the lights on at its shopping malls, opting for solar and battery power to cope with the rising costs from the energy crisis in South Africa. State electricity utility Eskom is implementing the worst rolling blackouts on record, leaving households in […]

Middle East & Africa

New platform to boost environmental impact financing in Africa

February 28, 2023 Anand Gupta

Today, the European Investment Bank (EIB) and the Green Climate Fund (GCF) announced their collaboration in the Green and Resilience Debt Platform, a vehicle that aims to boost climate finance in Africa. The platform contributes to the European Union’s Global Green Bond Initiative, which relies on a governance structure defined by the European Commission and […]

Brazil – TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio

Middle East & Africa

UAE supports India’s ambition of 450 GW of renewable energy by 2030: Official – EQ Mag

January 25, 2023 Anand Gupta

Dubai : The UAE’s expanded cooperation with India in the area of climate and clean energy aims to support New Delhi’s ambition to achieve 450 gigawatts of renewable energy installed capacity by 2030 and net-zero carbon emissions by 2070, a senior official said on Tuesday. President and CEO of Dubai Chambers of Commerce, Mohammad Ali […]

Renewables What’s Next in Energy Storage Systems

Middle East & Africa

Opinion: Model no more? Turkey’s energy transition reversed in 2022: Maguire – EQ Mag

January 21, 2023 Anand Gupta

LITTLETON : As Europe’s fastest-growing energy consumer since 2010, and a ratifier of the Paris agreement to cap emissions, Turkey is viewed as a critical energy transition test case seeking to retool its power system while sustaining economic growth. With a population of 85 million and a major manufacturing base on the doorstep to Europe, […]

ReNew Power to invest Rs 30,000 cr to scale up solar and wind energy capacities in next 2 years

Middle East & Africa

Zimbabwe looks to public to provide solar power amid energy crisis – EQ Mag

January 13, 2023 Anand Gupta

Zimbabwe’s net metering system, launched in 2020, allows those producing private renewable energy to transfer excess generation to the national grid. The southern African country is suffering from chronic power shortages, especially after its main Kariba hydropower plant cut power last month due to low water levels. According to the latest official figures, Zimbabwe’s net […]

Middle East & Africa

Saudi ACWA Power signs MoU for 10 GW wind project in Egypt

November 5, 2022 Anand Gupta

CAIRO, Nov 1 (Reuters) – Saudi ACWA Power Company (2082.SE) has signed a memorandum of understanding (MoU) with the Egyptian New and Renewable Energy Authority and the Egyptian Electricity Transmission Company to build a 10 gigawatt (GW) wind energy project in Egypt, the Saudi Energy Ministry said on Tuesday. Reporting by Ahmad Elhamy and Mahmoud […]

Middle East & Africa

Saudi Arabia to start making EVs to help break away from oil’s economic dominance

November 4, 2022 Anand Gupta

Saudi Arabia is roll out a line of electric vehicles in 2025 in partnership with BMW and Taiwan’s Foxconn, saying it hopes to “ignite a new domestic industry and ecosystem” that attracts local and international investors as it seeks to cut economic dependence on fossil fuels. It is the second move by Saudi Arabia into […]

Middle East & Africa

ACWA Power reports increase in net profit for third quarter and first nine months of 2022

November 4, 2022 Anand Gupta

Consolidated net profit attributable to equity holders of the parent for the first nine months of SAR883 million, a 110% increase year-on-year Adjusted net profit increased by 7% year-on-year Riyadh, Kingdom of Saudi Arabia: ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082) and a leading Saudi […]

Middle East & Africa

S.Africa will need $500 bn to reach net zero: World Bank

November 3, 2022 Anand Gupta

South Africa, one of the world’s largest greenhouse gas emitters, will require at least half-a-trillion dollars to achieve carbon neutrality by 2050, the World Bank said Tuesday. “Financing requirements associated with the transitions could amount to 4.4 percent of GDP per year — or 8.5 trillion rand (about $500 billion)” between this year and 2050, […]

Middle East & Africa

Masdar Chairman Dr. Sultan Al Jaber Calls for ‘Maximum Energy, Minimum Emissions’ to Deliver Global Energy Transition – EQ Mag Pro

November 1, 2022 Anand Gupta

Masdar Chairman Dr. Sultan Al Jaber Calls for ‘Maximum Energy, Minimum Emissions’ to Deliver Global Energy Transition ABU DHABI, UAE : His Excellency Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Chairman of Masdar, called for the world to utilize all available energy sources, […]