Inspired Evolution, a clean energy investment firm, completed fundraising for its Evolution III Fund last week. The fund reached $238 million. It will be used for clean energy projects in Africa. The company focuses on energy access, renewable infrastructure, and energy efficiency. The fund is set to invest in various countries in Africa. It continues the work started by two earlier funds. Evolution III aims to support clean energy projects in cities, towns, and rural areas. The firm did not list project names or locations in the announcement. In addition to the fund, other smaller renewable energy projects are active…
Author: Lakshita Kapoor
Oman Electricity Transmission Company (OETC) has announced it will invest $2.2 billion from 2024 to 2028. This spending will go towards 32 power transmission projects across the country. These projects are designed to modernise the national electricity grid and prepare it for more renewable energy sources. This follows earlier spending of $1.2 billion from 2019 to 2023. The new projects will help Oman manage more electricity from solar and wind projects. They will also improve the reliability of the grid and prepare it for future energy demand. As of 2024, renewable energy makes up 5.9% of Oman’s total electricity generation…
Abu Dhabi National Energy Company (TAQA) and Emirates Water and Electricity Company (EWEC) are working on new energy projects to expand power generation and improve electricity transmission in the UAE. These projects support the country’s goal of reducing carbon emissions and increasing the use of clean energy. TAQA has signed a long-term agreement with EWEC to develop the Al Dhafra Open-Cycle Gas Turbine (OCGT) plant. This facility will produce 1 gigawatt (GW) of electricity. TAQA will fully own and operate the plant, while its subsidiary, TAQA Transmission, will build the infrastructure needed to connect the power to the grid. EWEC…
Israeli renewable energy company Nofar Energy Ltd will develop over 1 gigawatt-hour (GWh) of energy storage capacity across 60 locations in Israel. These locations belong to the retail chain Machsanei HaShuk. The estimated investment for the project is 500 million Israeli shekels (USD 135.1 million). Over a period of 20 years, it is projected to generate approximately 100 million shekels in yearly revenue. Construction is planned to begin within a year. The first grid connections are expected in 2026. Once operational, the energy storage systems will store electricity and supply power during peak demand hours. This will help stabilize the…
Abu Dhabi National Oil Company (ADNOC) is developing a 300-kilometer crude oil pipeline connecting Jebel Dhanna to the Fujairah oil terminal. The pipeline will transport 1.5 million barrels of oil per day and will include pumping and booster stations to maintain flow. WEG, a manufacturer of electric motors and drive systems, is supplying equipment to support the project. The company will provide flameproof electric motors, variable speed drives (VSDs), and transformers to enhance pump efficiency and safety. The system includes 20 medium-voltage motors designed for high-temperature conditions. Nine motors operate at 3.3kV with power ratings between 850 and 990 kilowatts…
Dubai Electricity and Water Authority (DEWA) received 8,241 requests for electricity connections in 2024, reflecting a 4.51% increase from the previous year. The requests came from commercial projects using DEWA’s Al Namoos service, which provides electricity connections of up to 150 kilowatts (kW) within five days. Alongside traditional power connections, DEWA is working on smaller renewable energy projects in different areas of Dubai. In Al Quoz Industrial Area, a rooftop solar project is being tested on factory and warehouse roofs. The project has an installed capacity of 15 megawatts (MW) and is designed to help businesses reduce dependence on grid…
The UAE is expanding its renewable energy projects beyond large-scale developments. Several smaller initiatives are contributing to clean energy production across the country. The Abu Dhabi Department of Energy has introduced a pilot project for floating solar panels on water reservoirs. The project aims to test solar power generation on artificial water bodies to reduce land use while maximizing energy production. Initial testing suggests that floating panels could improve solar efficiency by keeping panels cooler. In Dubai, the Roads and Transport Authority (RTA) has installed solar panels at metro stations and parking facilities. These installations help power station operations and…
Enlight Renewable Energy Ltd. has announced plans to develop an integrated renewable energy and data center complex in Ashalim, southern Israel. The company will invest up to USD 1.1 billion in the project after securing a 50-acre site through a land tender from the Israel Land Authority (ILA). The project will include a data center with a 100-megawatt (MW) hourly electricity consumption capacity. To reduce reliance on external power sources, the facility will have an adjacent solar power plant and an energy storage system. The renewable energy produced on-site will partially cover the electricity demand of the complex. The initiative…
Masdar, through its subsidiary Saeta, announced plans to invest in Valle Solar, a solar photovoltaic (PV) project in Spain’s Valencia region. The project is located in the municipalities of Ayora, Jarafuel, and Zarra. It will have an installed capacity of 234 megawatts (MW), with the potential to integrate a 259 MW Battery Energy Storage System (BESS) in the future. The plant is expected to begin operations in the first half of 2027. Valle Solar was initially promoted by Genia Solar Energy and Solar Ventures. The agreement to move forward with its construction includes initiatives to integrate renewable energy with environmental…
Masdar, a renewable energy company based in the UAE, is nearing an agreement with Iraq to develop a solar energy project with a capacity of 1,000 megawatts (MW). Iraq’s Minister of Electricity, Ziad Ali Fadhil, announced this during discussions on renewable energy plans in the region. The proposed solar project is part of Iraq’s plan to increase its reliance on clean energy and reduce its dependence on fossil fuels. The project aims to generate electricity using solar power to support Iraq’s growing energy needs. This will also help Iraq diversify its energy sources while working toward sustainability goals. Masdar has…