A consortium led by ACWA Power, and composed of SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company, has achieved financial close for the US$1.302bn senior debt facilities for the Red Sea multi-utilities project
Renewables
Hosting COP27 and COP28 will accelerate MENA's clean energy ambitions
The selection of Egypt and the UAE to host the COP27 and COP 28 conferences in the next two years is expected to kickstart clean energy initiatives and drive international investment into the Middle East and Africa regions
Ecoppia signs hybrid project of 400MW with Azure power
Ecoppia, global robotic cleaning solutions provider for photovoltaic solar, has announced another significant milestone with first ever hybrid project of 400MW with renowned energy player, Azure Power
Egypt to launch US$40bn hydrogen strategy before June 2022
The Egyptian government is planning to announce its US$40bn hydrogen strategy before June 2022, which will include plans for a production capacity of 1.4GW by 2030