7/1/2026 8:24:43 AM (Volume: 43 / Issue: 7)
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Tag: renewable energy

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....

Energy, Oil & Gas

Ewec, Masdar tie-up to rapidly scale up renewable energy projects

Emirates Water and Electricity Company (Ewec) has entered into a strategic collaboration framework agreement with Abu Dhabi Future Energy Company (Masdar) to set up a roadmap for the accelerated deployment of utility-scale renewable energy projects. ...

Energy, Oil & Gas

Youth-focused renewable energy initiative kicks off in Sohar

A programme on sustainability and renewable energy has begun in the Wilayat of Sohar, in the Governorate of North Al Batinah, Oman. The programme is organised by the Youth Centre and SOHAR Port and Freezone. It aims to equip over 50 young Omanis, aged 25–34, with essential skills for the global energy transition....

Energy, Oil & Gas

Abu Dhabi's Global South Utilities boosts Africa renewables portfolio

Abu Dhabi-based Global South Utilities (GSU) has achieved several major milestones in 2025, including the expansion of its renewable energy portfolio across Africa, thus contributing to powering more than 500,000 homes. In Egypt, it was part of an international consortium to develop a $220m solar plant facility. ...

Energy, Oil & Gas

Near-700 GW surge in 2025 proves renewable energy resilience: Irena

In 2025, global renewable power capacity reached 5,149 GW with a 692 GW (15.5 per cent) annual increase, accounting for 85.6 per cent of total capacity growth, while non-renewables contributed a smaller share, reports Irena’s Renewable Capacity Statistics 2026....

Energy, Oil & Gas

Bhutan PM seeks UAE investment in renewable energy

Bhutan’s Prime Minister Tshering Tobgay highlighted strong, growing relations with the UAE, emphasising opportunities in trade, investment, and sustainability. Speaking at World Governments Summit (WGS) 2026, he stressed deepening cooperation in key economic sectors, leveraging Bhutan’s significant renewable energy potential. ...

Energy, Oil & Gas

Saudi Arabia, Türkiye sign intergovernmental renewable energy agreement

Saudi Arabia and Türkiye signed a renewable energy agreement to strengthen cooperation. It covers solar power projects in Türkiye totaling up to 5,000 MW in two phases, supporting energy diversification, security, and low-carbon transition, with $2 billion in investments supplying electricity to two million households. ...

Energy, Oil & Gas

Acwa Power to advance renewable energy development in Philippines

Acwa Power has signed a reservation agreement with the Philippines’ BCDA to develop large-scale renewable energy in New Clark City. The collaboration targets a major solar project with potential battery storage integration within the smart, green New Clark City Special Economic Zone north of Manila. ...

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