Renewables

New era for renewable energy in the Gulf region


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The signing of the Shams 1 solar power project financing in the UAE last month has opened the way for a burgeoning in renewable energy in the Gulf, said Standard & Poor's Ratings Services in a new report.

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Renewable energy to become more important in Saudi Arabia

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Saudi Arabia expects renewable sources to contribute greater amounts to its total energy consumption as its need for power triples over the next two decades.

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Saudi to build solar power plant

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Vision Electro Mechanical Company, a subsidiary of Saudi based Construction Products Holding Company (CPC), plans to construct a 130KW solar power plant in the Kingdom's Bahra region in alliance with California-based SolFocus.

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Oman's solar ambitions

Oman's solar ambitions

Oman will take a major step in establishing its solar energy industry when the government launches the competitive process for the procurement of a large-scale solar power project during the first half of next year.

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Alstom enters solar market

Alstom enters solar market

Power generation equipment and services supplier, Alstom, has announced the strengthening of its renewables portfolio through a partnership with BrightSource Energy Inc. Alstom's move into the high-growth solar energy market comes in the form of an investment of up to US$55mn in BrightSource Energy Inc, with an equity stake that positions Alstom as one of the main shareholders in the company.
The deal takes place as part of a capital increase of US$150mn organised by BrightSource, a privately-owned company that specialises in designing, building and operating tower based solar thermal power plants.

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