renewable energy

Eni Acquires13 Wind Farms in Italy

Eni has signed an agreement to acquire 13 onshore wind farms in Italy from Glennmont Partners and PGGM Infrastructure Fund (PGGM).

Shaker: Green Hydrogen Investments to Reach $3-4 b

Electricity Minister and Renewable Energy Mohamed Shaker hinted that Egypt’s green hydrogen projects could cost about $3-4 billion in the early stages.

Oman Establishes New Energy Company

Oman has established a new energy development company as it seeks to leverage oil blocked debt.

Egypt, Senegal Explore Energy Cooperation 

Noha Khidr, Egypt's ambassador to Dakar, met with Sophie Gladima, Senegalese Minister of Mines and Geology, to discuss ways to increase cooperation between the two countries in the fields of energy and petroleum.

India to Double Oil Refining Capacity in 5 Years

India’s Prime Minister, Narendra Modi, plans to nearly double its oil refining capacity in the country over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications.

Actis 5 Eyes About $4.5 B Investments in Energy, Infrastructure

Actis plans to set up a new Middle East and North Africa (MENA) -focused international fund (Actis 5) of $4-$4.5 billion to invest in energy, infrastructure, and renewable energy projects.

Wells Fargo, Shell Sign Renewable Energy Contract

Wells Fargo, an American lender company, has signed a multi-year contract with Shell and its wholly-owned subsidiary MP2 Energy LLC to secure an annual 150,000 megawatt-hours of renewable energy.

OQ Establishes New Alternative Energy Business Stream

OQ, Oman’s state-owned integrated energy and petrochemicals powerhouse, has established a new business stream focused on investments in renewable and alternative energy resources.

NREA Collects EGP 300 MM Dues from Government

The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, asserted during the National Renewable Energy Authority's (NREA) meeting that the electricity sector is keen on boosting renewable energy by increasing the availability of stations and increasing unit efficiency.

Electricity Ministry Mulls Shelving Coal Energy Projects

The Egyptian Ministry of Electricity and Renewable Energy is considering suspending the implementation of coal energy projects, which would have had a total capacity of 9,250 megawatts, with investments of nearly $6 billion.

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