Energy

The project will mitigate the impact of 2.4 million tonnes of carbon dioxide emissions per year and provide electricity to 1,080,000 households. (Image source: Adobe Stock)

ACWA Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, has inked a project agreement to develop a 1.1GW wind project in Egypt, at an investment value of US$1.5bn

The Red Sea Project is one of three giga-projects included in Saudi Arabia?s Vision 2030. (Image source: Caterpillar)

Caterpillar Inc. has announced that Cat dealer Zahid Tractor was selected by the main contractor to supply power solutions that deliver 32MW of prime power for The Red Sea Project, a nearly 11,000 square-mile (28,000 sq km) regenerative tourism destination under development along Saudi Arabia?s west coast

IRENA and RECREEE will partner on regional dialogues and initiatives that address the challenges, needs, and opportunities of a renewables-based energy transition in MENA countries. (Image source: Adobe Stock)

The International Renewable Energy Agency (IRENA) and the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) agreed to strengthen their collaboration on scaling up renewable energy deployment in the Middle East and North Africa (MENA) region

The West Bakr wind farm will produce more than 1,000GWh of renewable electricity every year. (Image source: Adobe Stock)

A consortium of UAE-based Masdar and Egypt?s Infinity Energy has planned to buy a majority stake in Lekela Power from private equity vehicle Actis