A consortium of investors, including UAE-based Masdar and the Abu Dhabi Investment Authority (ADIA), has made an offer to take ReNew Energy Global, India’s second-largest renewable energy company, private. According to filings submitted to the U.S. Securities and Exchange Commission (SEC), the proposed deal values the clean energy company at $2.82 billion. Other members of the consortium include the Canada Pension Plan Investment Board and ReNew’s Chairman, Sumant Sinha. The group has proposed a share price of $7.07, which reflects an 11.5% premium over ReNew’s closing price of $6.34 on December 10. ReNew Energy Global operates a total of 10.3…
Author: Lakshita Kapoor
The Ministry of Electricity, Water, and Renewable Energy in Kuwait has announced a tender for the development of a 400 kV overhead transmission line (OHTL) to connect the Al Shaqaya Solar Power Generation Station to the main substation in Al Wafra. The tender was issued on October 20, 2024, and the deadline for bid submissions is January 12, 2025. The project is part of Kuwait’s broader renewable energy plans and aims to expand the country’s solar energy capacity. The contract for the OHTL is expected to be awarded by April 2025, with completion scheduled by the fourth quarter of 2026.…
The 49th edition of Middle East Energy (MEE) will take place from April 7 to 9, 2025, at the Dubai World Trade Centre (DWTC). The event will focus on technologies related to battery systems and electric mobility, reflecting the growing interest in renewable energy and electrification in the region. The event is organized by Informa Markets and will be held under the backing of the UAE Ministry of Energy & Infrastructure. The Middle East Energy exhibition aligns with the region’s increasing focus on renewable energy projects. Several countries in the Middle East have recently announced or launched large-scale renewable energy…
The Saudi Water Partnership Company (SWPC), Saudi Arabia has selected a consortium of ACWA Power, Haji Abdullah Alireza & Co (HAACO), and AlSharif Contracting and Commercial Development as the preferred bidder for the Jubail 4&6 Independent Water Plant (IWP) project. The plant, located in the Eastern Province, will produce 600,000 cubic meters of desalinated water per day (m³/day). SWPC announced that the consortium submitted a levelized water cost of SAR 1.8206 per cubic meter ($0.48/m³). Commercial operations for the project are expected to begin in the first quarter of 2028. The consortium will sign a 25-year water purchase agreement with…
Saudi Arabia has announced the creation of the International Water Research Center (IWRC), developed in partnership between the Ministry of Environment, Water and Agriculture and King Abdullah University of Science and Technology (KAUST). The center will focus on integrating renewable energy into water management systems. The center will explore how renewable energy technologies, such as solar and wind power, can be utilized to address water-related challenges. Main areas of focus include powering desalination plants and water treatment facilities with clean energy. By reducing reliance on fossil fuels, these efforts aim to lower greenhouse gas emissions while maintaining efficient water production…
The OPEC Fund for International Development has recently approved several renewable energy projects in the Middle East, as part of broader development financing for 2024. Among these initiatives, allocations have been made to expand clean energy infrastructure and reduce reliance on fossil fuels in the region. In Egypt, a $40 million loan has been allocated for the construction of two wind farms in the Gulf of Suez. These wind farms will have a combined capacity of 1.1 gigawatts (GW) and are expected to supply clean energy to over 1.3 million households. This project aligns with Egypt’s national plan to source…
Tunisia is moving forward with its renewable energy strategy by launching new solar power projects and signing contracts for additional initiatives. Two new solar plants, located in the Kasserine Governorate, have been announced with a total cost of $15 million. Each project will have a capacity of 10 megawatts (MW) and is scheduled to be completed by late 2025. In addition to these developments, Tunisia recently signed contracts for two larger solar energy plants in Gafsa and Tataouine. These facilities will have a combined production capacity of 300 MW. The total investment for these projects is valued at $258 million.…
LONGi participated in the NX Solar Forum hosted by Nextracker in Dubai last week. The forum included discussions of industry stakeholders to solve the challenges and create opportunities in the solar photovoltaic (PV) sector in the Middle East. Ms. Claire Wansi Zheng, Director of LONGi’s KSA/Middle East Branch, represented LONGi in a panel discussion titled “Installation, Commissioning, and Operating Challenges of Large-Scale PV Projects in the Middle East.” The session focused on addressing technical and operational issues in developing large-scale solar projects in the region. LONGi, a solar tech company, has made contributions to the renewable energy sector by focusing…
Eco Wave Power Global AB (Nasdaq-WAVE) has announced that its wave energy power plant in Tel Aviv has been officially connected to Israel’s power grid. The project was inaugurated by Israel’s Minister of Energy and Infrastructure, Eli Cohen, Minister of Environmental Protection, Idit Silman, and Tel Aviv-Jaffa’s Mayor, Ron Huldai. The Israeli National Electric Company (IEC) will purchase all electricity generated by the plant. This project is the first wave energy facility in Israel and the Middle East. It operates under a Power Purchase Agreement with IEC and is recognized as a “Pioneering Technology” by Israel’s Ministry of Energy. The…
A UAE-Moroccan private venture led by Dahamco plans to invest $25 billion in a green hydrogen and ammonia project in Morocco. The project will be located in Dakhla, a city in the disputed Western Sahara region, with approvals already obtained from the Moroccan government. According to Dahamco President Tom Hanson, “phase one of the project is expected to cost approximately 40 billion Moroccan dirhams ($4.04 billion) and produce about one million tonnes of green hydrogen and ammonia per year.” Hanson confirmed in an interview with Le Matin that, “the necessary land rights and local authorizations were secured before Morocco introduced…