8/31/2026 8:28:10 PM (Volume: 43 / Issue: 9)
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Tag: Renewable energy

Energy, Oil & Gas

Acwa reaches commercial operation for renewable-powered Red Sea utilities

Saudi-listed Acwa has reached the Project Commercial Operation Date (PCOD) for the utility systems serving The Red Sea destination, marking the first time a giga-project in Saudi Arabia has brought its entire utility infrastructure into commercial operation using only renewable energy and without support from the national grid....

Energy, Oil & Gas

Indonesia targets EU investment in renewable energy, EVs

Indonesia is positioning renewable energy, digital technology, agriculture and electric vehicle (EV) downstreaming as key sectors for European Union investment ahead of the planned 2027 implementation of the Indonesia–EU Comprehensive Economic Partnership Agreement (IEU-CEPA)....

Energy, Oil & Gas

Irena invites renewable energy projects for Central America, Caribbean funding

The International Renewable Energy Agency (Irena) has invited public and private sector renewable energy developers in Central America and the Caribbean to submit project proposals for potential financing through its Climate Investment Platform (CIP) and Energy Transition Accelerator Financing (ETAF) platform....

Energy, Oil & Gas

EU renewable energy share reaches 26.2pc in 2025: Eurostat

European Union (EU) renewable energy use rose to 26.2 per cent of gross final energy consumption in 2025, Eurostat data showed, continuing long-term growth but remaining below the bloc’s 2030 target of 42.5 per cent....

Energy, Oil & Gas

Rosen Group completes 2 MW solar project at Lingen site

Rosen Group has commissioned a 2 MW photovoltaic system at its Lingen site, Germany, featuring 4,500 solar modules and smart energy management. The €2 million ($2.3 million) project enables 98.7 per cent on-site electricity use, advancing renewable energy goals....

Energy, Oil & Gas

EIB approves $20bn to boost Europe's energy security

The European Investment Bank approved €17.4 billion ($20 billion) in financing, including €3.7 billion for clean energy projects, to boost Europe's energy security while supporting renewable energy, power grids and sustainable development across Europe and neighbouring countries....

Energy, Oil & Gas

Metatek launches Nigeria energy survey programme

UK-based Metatek-Group has launched a three-year airborne survey programme in Nigeria, expanding geological mapping across 210,000 square kilometres using advanced geophysical technologies to support energy exploration, mineral development and renewable energy projects....

Energy, Oil & Gas

Kuwait renewable energy firm plans equity raise to expand across Mena

Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction....

Energy, Oil & Gas

Italy's energy mix shifts towards thermal power in 2025

Italy’s electricity generation mix shifted in 2025, with renewable energy output falling by 1.5 per cent while thermal power generation increased by 5.2 per cent, contributing to a 2.4 per cent rise in overall electricity production, according to a report by the Regulatory Authority for Energy, Networks and Environment (ARERA)....

Energy, Oil & Gas

Morocco secures $265m World Bank funding for hydropower storage

The World Bank’s Board of Directors has approved a $265 million loan to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a major clean energy initiative aimed at strengthening the country’s electricity grid and expanding renewable energy integration....

Energy, Oil & Gas

Malaysia to surpass 2040 renewable energy target by 2031

Malaysia is expected to surpass its 2040 National Energy Policy renewable energy target of 18.43GW by 2031, supported by large-scale solar projects, strong policies, financing access, and improved grid and storage capabilities, says GlobalData....

Energy, Oil & Gas

Abu Dhabi's Al Dhafra Round-The-Clock project a global model: IRENA chief

Abu Dhabi's Al Dhafra Round-The-Clock project by Masdar that combines solar with a massive amount of battery capacity is a global blueprint for the continuous and reliable supply of renewable energy, said the Director-General of the International Renewable Energy Agency (IRENA)....

Energy, Oil & Gas

Indonesia urges ASEAN push for clean energy expansion

Indonesian President urged ASEAN nations to expand renewable energy projects and strengthen regional energy resilience, highlighting Southeast Asia’s vast solar, wind and hydropower potential alongside Indonesia’s plans to build 100 GW of solar capacity....

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