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
Renewables
IRENA and RCREEE strengthen energy transition collaboration in MENA region
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
UAE and Egypt's consortium to buy African renewables firm Lekela Power
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
Roll-Royces' step towards meeting net zero goals
Rolls-Royce has taken a significant step towards meeting its net zero goals, set out last year, with the approval of its mtu Series 4000 and Series 1600 diesel engines for use with sustainable fuels in power generation applications