Uganda has officially signed an agreement with UAE-based Alpha MBM Investments granting the company a 60 percent stake in a new crude oil refinery located in Kabaale, Hoima District. This significant development was announced by President Yoweri Museveni’s office in a statement released on Saturday. The refinery is designed to process 60,000 barrels of oil...
Abu Dhabi’s Masdar, also known as the Abu Dhabi Future Energy Company, is contemplating an initial public offering (IPO) in 2026. This move is seen as a significant step towards promoting cleaner energy sources not only in the Gulf, the world’s largest oil-producing region, but also in Europe. The proposed IPO aims to finance Masdar’s...
Abu Dhabi-based company XRG has announced the completion of its acquisition of a 10% stake in the Area 4 concession of the Rovuma Basin in Mozambique from the company Galp. This strategic move is part of XRG’s efforts to enhance its global presence in the liquefied natural gas (LNG) sector. The acquisition is significant as...
Abu Dhabi Future Energy Company (Masdar) has successfully acquired Valle Solar, one of the largest photovoltaic solar projects in Spain’s Valencia region. This acquisition, made through its subsidiary Saeta, marks a significant investment in renewable energy as the project is set to generate 234 megawatts (MW) of solar energy, with potential hybridization through a battery...
Hotpack Global, a leading UAE-based company in sustainable packaging solutions, has completed the installation of a 2.2 MW rooftop solar power system at its manufacturing facility located in the National Industries Park (NIP) in Dubai. This project is among the largest rooftop solar installations within the NIP area, highlighting Hotpack’s commitment to sustainability and renewable...
HE Saeed Mohammed Al Tayer, the Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), recently welcomed HE Husin Bagis, the Ambassador of the Republic of Indonesia to the UAE. The discussions focused on enhancing public-private partnerships and sharing best practices, expertise, and knowledge with Indonesian organizations to promote sustainable development. During the...
EHC Investment, through its energy division Emirates International Gas (EIG), has completed the full acquisition of Al Fanar Gas Group, which is recognized as Abu Dhabi’s largest gas distributor and maintenance provider. This significant acquisition not only reinforces EHC’s long-term vision for growth and technological advancement but also aligns with the broader goals of the...
Masdar, the Abu Dhabi Future Energy Company, has announced the completion of its investment agreement for the Valle Solar project, one of the largest solar photovoltaic (PV) installations in Spain. This project, located in the Valencia region, will have a capacity of 234 megawatts (MW) and includes the potential for Battery Energy Storage Systems (BESS)...
Tanmiah Food Company has entered into a partnership with Emerge, a joint venture formed by Masdar and the EDF Group, to construct a solar power plant at its facility in Haradh, Saudi Arabia. This collaboration aims to bolster the Kingdom’s clean energy objectives while enhancing Tanmiah’s commitment to sustainability. Emerge will develop a 3 megawatt-peak...
EMSTEEL Group has partnered with Yellow Door Energy to develop the largest industrial solar photovoltaic rooftop project in the UAE, featuring a capacity of 31.5 megawatts-peak (MWp). This solar power initiative aims to provide renewable energy to EMSTEEL’s facilities, showcasing the Group’s commitment to sustainable manufacturing practices. The project is a crucial part of EMSTEEL’s...