By 2020, the GCC energy sector will witness an estimated US$50bn in new project investments in a bid to increase local power generation capabilities. (Image source: Seagul/Pixabay)

The GCC could save between US$55bn and US$87bn by 2030 when switching to renewable energy, event organisers announce ahead of the Big 5 Solar

The installation of solar PV systems on DEWA?s water reservoirs will reduce the Emirate?s carbon footprint. (Image source: Wikimedia Commons)

Etihad Energy Services Company (Etihad ESCO) has been awarded the development, and installation of solar PV systems at Dubai Electricity and Water Authority (DEWA) water reservoirs

(From left) Mohamed Jameel Al Ramahi, CEO of Masdar; Saeed Mohammed Al Tayer, MD and CEO of DEWA; and Jean-Bernard Levy, chairman and CEO of EDF Group. (Image source: DEWA)

Dubai Electricity and Water Authority (DEWA) has signed an MoU with Abu Dhabi Future Energy Company (Masdar) and ?lectricit? de France (EDF) to promote cooperation in developing and financing of the 800MW Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park, as per IPP as well as with EDF for a consultancy contract for the pumped-storage hydroelectric power station at Hatta Dam

The solar project in Egypt aims to encourage the growth of renewable energy in the region. (Image source: Alfanar)

Alfanar has closed the financing for the construction and development of a 50MW solar PV plant which will be located in the proposed 1.8 GW Benban solar complex in Egypts Aswan province