renewable energy | Egypt Oil & Gas - Part 10
Saudi Aramco Eyes $5b Investment in Renewables
Saudi Aramco is considering as much as $5b of investments in renewable energy firms as part of plans to diversify from crude production. Enel Expands Renewable Projects in MENA
Enel SpA is targeting renewables projects in Saudi Arabia and the United Arab Emirates (UAE) as oil-rich Gulf countries take advantage of the falling cost of solar power.
UAE to Invest $163b on Renewable Energy
The United Arab Emirates (UAE) has said that it intends to invest $163b in projects to generate half of the nation's power needs from renewables by 2050.
Aramco to Launch Wind Power Plant
Saudi Aramco plans to commission its pilot 2.75MW GE wind turbine project in Turaif, the first in the kingdom, in Janurary 2017.
S. African Wind Farms Received Main Transformers
Lekela Power has delivered the main transformers to the 140MW Loeriesfontein and 140MW Khobab wind farms in South Africa.
FiT Asked for $8.5m Guarantee
The Egyptian Ministry of Electricity and Renewable Energy asked for $8.5m guarantees from each company in the first phase of renewable energy purchasing Feed-in Tariff (FiT) program. Enel to Grow Renewable Ventures
Italian Enel will build 5,000MW of renewables capacity in Africa despite political unrest in the North and lack of electric power connections between countries.
FiT Challenged with Devaluation Backlash
Construction companies and solar firms withdrew from new and renewable energy projects due to increased costs as a result of EGP devaluation.
