Renewables

Sonelgaz signed MoU to cooperate with the European Desertec consortium that plans to harness solar energy and other renewables in the MENA region.

Sonelgaz, Algerias national power and gas utility, has signed a memorandum of understanding(MoU) to cooperate with the European Desertec consortium that plans to harness solar energy and other renewables in the MENA region.

A new report shows that for every megawatt-hour of power not supplied to key industries in the GCC, approximately US$700,000 is lost in revenue, with a corresponding drop in GDP.

A new report shows that for every megawatt-hour of power not supplied to key industries in the Gulf Cooperation Council (GCC) approximately US$700,000 is lost in revenue, with a corresponding drop in GDP.

The International Energy Agency (IEA) warned that without a bold change of policy direction, the world will lock itself into an insecure, inefficient and high-carbon energy system.

Kuwait, one of the Middle East?s main oil producers which is facing internal electricity demand growing by about 8 per cent? a year ? much of it caused by heavy use of air conditioning systems ? has outlined the most ambitious target for using renewable energy seen in the Gulf region.