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…
Author: Lakshita Kapoor
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.…
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with AMEA Power Chairman Hussain Al Nowais to discuss the company’s renewable energy investments in the country. The meeting took place during the Minister’s participation in the 15th session of the International Renewable Energy Agency (IRENA) Assembly and Abu Dhabi Sustainability Week (ADSW). The officials reviewed the progress of several renewable energy projects in Egypt. One of the main topics was the addition of a 300 megawatt-hour (MWh) battery storage system to the 500-megawatt (MW) Abydos 1 project, which was launched last month in Aswan. This project is part of…
The International Renewable Energy Agency (IRENA) has convened its 15th Assembly in Abu Dhabi, starting on January 12, 2025. This event marks the first global energy meeting of the year. Delegates from IRENA’s 170 member states, alongside representatives from development banks, academia, industry leaders, and youth groups, are attending the two-day gathering to discuss global renewable energy efforts. The session, held under the theme “Accelerating the Renewable Energy Transition – The Way Forward,” aims to address several pressing issues. Discussions include strategies to triple renewable energy capacity by 2030, updating countries’ climate and energy commitments (known as NDC 3.0), and…
The Ras Ghareb Wind Farm in Egypt has started commercial operations for a portion of its planned capacity. A 306 MW segment of the project is now operational. The project is being developed under a Build-Own-Operate (BOO) scheme and will eventually have a total capacity of 650 MW. The construction is managed by Orascom Construction, a company listed on the Egyptian Exchange (EGX) and NASDAQ. The project is being executed by a consortium called Red Sea Wind Energy. The consortium includes Engie (35 percent ownership), Orascom Construction (25 percent), Toyota Tsusho Corporation (20 percent), and Eurus Energy Holdings Corporation (20…
The Saudi Electricity Company (SEC) has awarded contracts for the development of Battery Energy Storage Systems (BESS) with a total combined capacity of 2,500 MW/10,000 MWh. These projects are set to be implemented in five locations across Saudi Arabia, including Riyadh, Qaisumah, Dawadmi, Al Jouf, and Rabigh. Each location will host a 500 MW/2,500 MWh system. The BESS projects will be implemented by multiple contractors. BYD Auto Industry Co. Ltd. has been awarded the contract for the design, supply, supervision of installation, testing, commissioning, and maintenance of the battery systems. Alfanar Projects will handle the engineering, procurement, and construction (EPC)…
The Emirates Water and Electricity Company (EWEC) has invited proposals for the Zarraf Solar PV Independent Power Producer (IPP) project in the Al Dhafra region of Abu Dhabi. This large-scale solar facility is designed to generate 1,500 MW (AC) of electricity, which could supply energy to around 160,000 homes. It is also expected to cut carbon dioxide emissions by up to 2.4 million metric tonnes annually. The Zarraf Solar PV project is part of EWEC’s ongoing efforts to expand solar energy in Abu Dhabi. It will play a role in increasing the emirate’s solar power capacity to at least 10…
Diriyah Company has completed two new electricity substations in Diriyah and Wadi Safar. These include the Bulk Substation with a capacity of 1707 MVA and the Primary Substation with a capacity of 200 MVA. Both facilities are operated by the Saudi Electricity Company and are designed to meet the power needs of the area’s expanding infrastructure. The Bulk Substation operates at 380/132/13.8 kV and was built at a cost of SAR 605 million ($161 million). It will support Diriyah’s first phase of development, which includes cultural, residential, retail, and hospitality projects such as Diriyah Square, the Qurain Cultural District, and…
Saudi Arabia is accelerating efforts to diversify its energy sector, balancing traditional power generation with a growing focus on renewable energy. In its latest step, NEM Energy, a company based in the Netherlands, has announced it will supply advanced Heat Recovery Steam Generators (HRSGs) and Exhaust Gas Bypass Systems (EGBSs) for a new combined cycle power plant in the kingdom. Expected to deliver 1,300 MW (1.3 GW) of electricity to the grid by the end of 2028, the plant is owned by the Saudi Electricity Company (SEC). While this plant focuses on improving efficiency and reliability in traditional energy production,…