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Tag Archives: Energy

Abu Dhabi’s utility folded into new energy department: spokesman

Oil-rich Abu Dhabi has seen some of its largest firms merge in the last two years as part of a strategic review in response to an oil price slump. ABU DHABI: Abu Dhabi has folded utility Abu Dhabi Water & Electricity Authority (Adwea) into the emirate’s newly established department of energy as part of a consolidation of state-owned entities, a …

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Six-fold hike: Saudi steps up renewable energy targets in 2018

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day ACWA Power’s three Solar PV projects for 165.5MWp under Round 2 of Egypt FiT program II reach financial close By-Nada Al Rifai, ZAWYA Saudi Arabia has raised its target for renewable energy tenders to 4.125 Gigawatts (GW) in …

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Sunny side up: Solar will be cheaper than conventional power by 2020, says IRENA

Utility-scale renewable energy projects will generally produce cheaper power than fossil fuels by 2020, says the International Renewable Energy Agency. Staff Writer, ZAWYA Abu Dhabi Sustainability Week is underway, with the International Renewable Energy Agency (IRENA) opening its eighth annual assembly on Saturday, publishing a report which argued that renewable energy projects that were commissioned last year “largely” fell within …

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Work on $3bln Saudi Arabia’s New Taif energy project begins

TAIF – A major solar energy plant will be established in the techno valley of this summer resort as part of the SR11 billion New Taif project. The King Abdulaziz City of Science and Technology (KACST) has started building 600 bases for the plant. The energy project includes establishment of solar panels on the bases and construction of management and security …

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Renewable power potential in the Middle East

Declining renewable energy prices and increasing energy demand in the Middle East and North Africa (Mena) region present a unique opportunity for stakeholders to accelerate renewable energy production, invest in long-term competitiveness and energy security. The bright future for renewable energy in the region was explored in-depth at a recent Bloomberg New Energy Finance (BNEF) event in Dubai, attended by …

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Abu Dhabi ADWEA seeks to reduce energy consumption by 20% by 2030

Abu Dhabi Water and Electricity Authority is seeking to be among the world’s leading providers of water and electricity by 2020. ABU DHABI – The Abu Dhabi Water and Electricity Authority, ADWEA, said its Demand Side Management programme (Tarsheed), seeks a 20 percent reduction in water and electricity consumption by the year 2030, Abdullah Ali Musleh Al Ahbabi, Chairman of …

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WGES 2017: Dubai’s National Bonds signs $653 mln deal to finance clean energy projects

Dubai Electricity and Water Authority (DEWA) on Tuesday signed an agreement with National Bonds to set up a 2.4 billion UAE dirham ($653.4 million) green fund at the World Green Economy Summit (WGES) that opened in Dubai today. “The fund will also be the first major green fund that will have a dedicated arm for Sharia-compliant investments,” Saeed Mohammed Al …

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District cooling key to energy storage in future

District cooling and tri-generation will play an increasingly vital role in the storing and integration of intermittent renewable energy sources in the future, said an engineering consultancy expert. “We are all aware that renewables are on the way to becoming the dominant source of energy. But because of the intermittent nature of renewables particularly solar and wind as a power …

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Saudi Arabia issues rules for small-scale solar energy generation

Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more than 2 megawatts, the Electricity and Cogeneration Regulatory …

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Mideast renewable power sold as low as $30/MWh

Economic and environmental sustainability has a direct relationship in which environmental measures contribute to economic gain. As more companies aim to increase their bottom line, growth stage companies that work along the value chain of the green industrial revolution are beginning to experience rapid growth. “Investors who want to be a part of the Green Industrial Revolution’s success story need …

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