Renewables | Egypt Oil & Gas - Part 14
Solar Station to Power Tourist Resort for $2.5 Mn
The Egyptian Resorts Company (ERC) signed a 27-year contract with KarmSolar company to construct a 2 MW solar station with investments amounting to $2.5 mn, the tourism company announced Sunday. The solar station will...
Dubai Equity Firm to Go Geothermal in Germany with $168.8 million
Greenstone Equity Partners, a leading independent fund placement firm in the Middle East, has collaborated with Deutsche ErdWärme, a Karlsruhe, Germany-based geothermal development company, to raise up to €150 million...
Qatar Shifting into Renewables to Balance Energy Consumption
Qatar has witnessed unprecedented and sustained growth over the past few years and is considered as the fastest growing power markets in the GCC with extensive utilisation of its natural resources, according to indust...
Abu Dhabi Fund Loans Mali $90.6 Mn for Optimal Solar Project
Abu Dhabi Fund for Development (ADFD) recently signed a Dh33 million ($90.6 million) loan agreement with the Government of Mali to finance a hybrid solar energy project in Mali. The signing ceremony was held at the AD...
RWE Shifting Gears to Renewables, with UAE Firm’s Help
United Arab Emirates green energy firm Masdar may invest in renewable energy projects jointly with RWE, Germany’s second-biggest utility, a source familiar with the matter told Reuters on Wednesday. RWE Chief Ex...
Dubai’s Access Infra to Launch Power Projects in 17 African Countries
Access Infra Africa, a Dubai-based company, will launch what it says will be Africa’s largest privately-owned solar plant in Uganda this year, part of plans to develop electricity projects in 17 African countries, mai...
Saudi and Kuwait Entering the Global Solar Contest
To hear the oil ministers of Saudi Arabia and Kuwait talk about it this week, the race to develop massive solar power arrays in the world’s sunniest nations is nearly as important as the current battle for oil m...
Irena Finds New Sustainable Home in Masdar City
International Renewable Energy Agency (Irena) has opened new headquarters yesterday (June 3) in Abu Dhabi’s Masdar City. The premises, the UAE’s most sustainable office building, was inaugurated by Sheikh Abdullah bin...
