Clean energy

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UAE green energy giant Masdar invests in $6B UK wind farm: What to know

A consortium of 24 international banks has raised $4.8 billion in financing for the British energy project.

United Arab Emirates

An aerial picture shows workers using a crane to plant trees in a park project by the roadside in the Saudi capital Riyadh, on March 29, 2021. - Although the OPEC kingpin seems an unlikely champion of clean energy, the "Saudi Green Initiative" aims to reduce emissions by generating half of its energy from renewables by 2030. (Photo by - / AFP) (Photo by -/AFP via Getty Images)

Saudi renewables firm ACWA Power eyes major China expansion: What to know

By 2030, ACWA Power aims to expand its global assets to around $250 billion, with China projected to contribute between $30 billion and $75 billion.

Huawei

Huawei explores Egypt partnership as electricity minister visits China

Egypt's electricity and renewable energy minister met with a range of high-level officials and business leaders while on a visit to the Asian country over the past week.

Neom

France's EDF reportedly dropped from Saudi Neom project: What to know

EDF was appointed by the Saudi government in January 2024 to carry out preliminary studies on the conception and construction of a hydroelectric power plant in Neom.

Latest News

UAE's Alterra targets Italian solar as part of $250B green finance drive

Wind turbines and solar pannels are seen on a campus near Cagliari on the island of Sardinia, Oct. 2, 2024.

United Arab Emirates

Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity

Syria electrical poles

On fifth Greece visit, Egypt’s Sisi and Mitsotakis advance energy projects: What to know

DIMITRIS KAPANTAIS/SOOC/AFP via Getty Images

Jerusalem wildfires rage for second day as environmental groups blame Netanyahu

ORI AVIRAM/Middle East Images/AFP via Getty Images

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Saudi Aramco CEO warns of 'painful awakening' as energy costs rise

Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South.

Saudi Finance Minister Mohammed al-Jadaan attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on Jan. 19, 2024.

Exclusive

Saudi finance minister hints kingdom could meet 2030 renewables target early

On Monday, the kingdom commissioned its largest battery energy storage system to its grid, with a capacity of 500 megawatts and the ability to store 2,000 megawatt hours of electricity.

In Bristol, reporting on regional business, climate change, AI, tech

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Exclusive

Global renewables surge forward despite Trump’s climate reversals, says IRENA chief

Although Gulf countries are still heavily reliant on oil and gas, they are quickly moving toward a greener system, International Renewable Energy Agency head Francesco La Camera told Al-Monitor.

In Bristol, reporting on regional business, climate change, AI, tech

Traders sit below the stock market screens at the Dubai Financial Market, United Arab Emirates, Sept. 16, 2019.

Gulf wealth funds propel Middle East deals in 2024

The Gulf region continued its trajectory toward becoming a global investment powerhouse as sovereign wealth funds fed capital into AI, clean energy, entertainment, sports, start-ups and tourism.

FAYEZ NURELDINE/AFP via Getty Images

Analysis

Despite green energy deal blitz, Middle Eastern climate efforts fell flat in 2024

This year saw significant progress in the Middle East and North Africa's renewable energy growth, but the transition from fossil fuels remains an elusive goal.

In Bristol, reporting on regional business, climate change, AI, tech

Fujairah solar plant

UAE's AMEA Power commissions Egypt's largest solar plant

Egypt's Aswan governorate is set to host the country’s largest solar project in a deal with the Emirati energy firm.

UAE free trade zone

UAE to host world's largest production plant for certain bioplastics

The world's largest bioplastic plant will soon become an industry player in Abu Dhabi's free trade zones.

United Arab Emirates

An aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power plant, some 20 kilometers (12.5 miles) outside the town of Ouarzazate, central Morocco, Feb. 4, 2016.

Five global firms shortlisted in Morocco's controversial Western Sahara energy plans

Construction on the multibillion-dollar energy project, based in Dakhla in the disputed territory, is scheduled for completion in 2029.

MAURO PIMENTEL/AFP via Getty Images

Even with MBS absent, Saudi Arabia and UAE poised to make deals at G20

Gulf states will look for agreements and trade deals with partners from South America and elsewhere ahead of US President-elect Donald Trump's inauguration in January.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion.

United Arab Emirates

A flare stack burns excess emissions at the Algiers refinery complex in the Algerian capital's southeastern suburb of Baraki, on Feb. 24, 2022.

Middle East businesses lack clear climate guidelines, WEF report warns

Middle Eastern and North African companies face increasing pressure from investors, regulators and global markets to strengthen transparency and adopt more sustainable business models.

Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3%

Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen.