Dalia Energy has announced plans to build a new power plant in Ashdod, Israel. The project will cost 5.3 billion shekels ($1.5 billion) and is being financed by Bank Hapoalim. The plant, called “Avshal,” will be constructed on the site of the current Eshkol power station. It will have a capacity of 850 megawatts. The new plant will sell electricity at a fixed price of 0.065 shekels per kilowatt-hour for 20 years, starting when the plant becomes operational. The construction is part of Israel’s efforts to meet rising energy demands and increase competition in the electricity market. Dalia Energy previously…
Author: Lakshita Kapoor
ADNEC Group has partnered with Positive Zero to install a solar photovoltaic (PV) system on the roof of ADNEC Centre Abu Dhabi. Positive Zero is a company focused on energy transition and decarbonization. The agreement was signed during the World Future Energy Summit at ADNEC Centre. The solar PV system will have an installed capacity of 5 megawatts peak (MWp). It will cover an area of 21,620 square metres on the roof of the ADNEC Centre. Once operational by the end of 2025, the system will meet 30% of the centre’s annual electricity needs. This is equivalent to providing electricity…
The UAE is actively expanding its renewable energy capacity, with solar energy taking center stage. Key strategies like the Dubai Clean Energy Strategy 2050 aim for 75% of Dubai’s energy to come from clean sources by 2050. Similarly, Abu Dhabi Vision 2030 sets a target of 30% renewable energy within the next five years. The “Solar Outlook Report 2025,” released by the Middle East Solar Industry Association (MESIA) during the World Future Energy Summit 2025 in Abu Dhabi, highlights a steady rise in solar capacity across the Middle East and North Africa (MENA) region. In 2023, solar installations in MENA…
Nesma Infrastructure and Technology, a company based in Saudi Arabia, announced it has signed a contract with the Saudi Electricity Company for the construction of a 380kV substation in Riyadh. The value of the contract is approximately 915 million Saudi riyals (SAR). The project will focus on building and installing essential infrastructure to support electricity transmission in the Riyadh area. As part of the agreement, the company will construct the new 380kV Rumah BSP-9077 substations, labeled A and B. In addition, the project will involve the installation of line reactors at two existing substations: Airport North BSP-9089 and PS3 BSP.…
Earlier this week, Italy, Albania, and the United Arab Emirates (UAE) finalized a renewable energy agreement valued at no less than 1 billion euros ($1 billion). The project, announced during the World Future Energy Summit in Abu Dhabi, will involve the construction of an underwater power connection across the Adriatic Sea. This infrastructure is designed to transmit renewable energy generated in Albania to Italy, enhancing energy cooperation between the countries. Italian Prime Minister Giorgia Meloni described the agreement as a collaborative effort involving not just the governments but also private companies and grid operators from the three nations. The Albanian…
Masdar and Emirates Water and Electricity Company (EWEC) have announced plans for a major renewable energy project in Abu Dhabi. The initiative will combine solar power with battery storage to supply clean energy continuously, day and night. Announced during an event attended by President Mohamed bin Zayed Al Nahyan, the project represents an advancement in renewable energy technology. It was introduced by Sultan Al Jaber, Chairman of Masdar, and Mohamed Hassan Alsuwaidi, Group CEO of ADQ. The facility will feature a 5.2-gigawatt (GW) direct current (DC) solar photovoltaic (PV) system, paired with a battery energy storage system (BESS) capable of…
ACWA Power has formally entered China’s renewable energy sector through investment agreements for over 1 gigawatt (GW) of solar and wind projects across multiple provinces. These agreements, announced as part of ACWA Power’s China Strategy launched in 2023, mark the company’s first steps in establishing its operational presence in the country. The first project involves a partnership with Sungrow Renewables, a subsidiary of ACWA Power’s long-term supply chain partner. This agreement focuses on developing a 132-megawatt (MW) solar photovoltaic (PV) portfolio in Guangdong province. The portfolio consists of three individual solar sites and represents ACWA Power’s first direct collaboration with…
Masdar, also known as the Abu Dhabi Future Energy Company, has set a goal to reach 100 gigawatts (GW) of clean energy capacity globally by 2030. This goal was shared by Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, during the Abu Dhabi Sustainability Week 2025. The company has been involved in developing and implementing clean energy projects worldwide. Over recent years, Masdar has established more than 31 GW of renewable energy projects across over 40 countries. This includes both operational and under-development projects. In 2024, Masdar doubled its production capacity. The Green energy company has been…
Misr Beni Suef Cement Company (MBSC) has entered into an agreement to establish a solar power plant at its facility in Beni Suef Governorate, Egypt. The contract is valued at EGP 298 million and involves cooperation with the International Renewable Solutions Company (IRSC), Jinko, and Huawei. The project aims to support the company’s shift toward clean energy sources. It is designed to integrate solar power into the company’s energy mix to reduce its environmental impact. The solar power plant will serve the cement production facility and help lower carbon emissions associated with its industrial processes. The collaboration involves Jinko, a…
GFH Financial Group (GFH) made an investment in Invenergy, a renewable energy company based in the United States. The investment is being made through infrastructure-focused vehicles managed by Blackstone, an investment group with expertise in sectors such as energy and infrastructure. Invenergy has been involved in the renewable energy sector for two decades. The company develops, owns, and operates projects in wind power, solar energy, natural gas generation, and energy storage. So far, it has completed over 200 projects, with a total generation capacity of 33 gigawatts (GW). These projects are located across regions including the Americas, Europe, and Asia.…