Saudi Arabia’s ACWA Power Co. is set to build two large-scale solar plants in Turkey, marking a significant step in its plan to invest $5 billion in the country’s energy sector. The deal is expected to be finalized in the coming days. Turkish Energy Minister Alparslan Bayraktar announced that ACWA and Turkish officials are in...
Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, the Deputy Ruler of Sharjah, has officially inaugurated the “Sana” Solar Power Plant. This facility is notable for being the first solar power plant of its kind in Sharjah. The Sana Solar Power Plant is designed to generate enough electricity to power 13 780 homes. It is...
Azizi Group, a prominent developer based in Dubai, has established a new entity called Azizi Energy Investments, which will focus on developing and delivering power generation and energy infrastructure projects in emerging markets. The new venture signifies Azizi Group’s entry into the energy sector, with initial projects aimed at Asia, particularly Afghanistan. Headquartered in Dubai,...
The United Arab Emirates is set to announce its retail fuel prices for July 2025 by June 30, as part of the monthly pricing update. Since the deregulation of fuel prices in 2015, domestic petrol and diesel costs in the UAE have been closely linked to international oil market trends. These monthly revisions are significant...
Saudi Arabia-based utility developer ACWA Power is making significant strides in Uzbekistan’s green energy market. Since its initial investment in 2020, which included a 1 500-MW plant in the historic Silk Road city of Bukhara, the company has committed over $15 billion towards various projects across the country. ACWA Power plans to invest an additional...
Researchers at Khalifa University in Abu Dhabi have developed an innovative solar-powered device that generates both electricity and fresh water. This device integrates concentrated photovoltaic (CPV) cells with membrane distillation, forming part of a larger initiative to address global energy and water shortages. The hybrid design utilizes waste heat produced by the solar cells to...
A Kuwaiti oil company listed on the local bourse, Energyhouse, has received an offer to sell its controlling share in its UAE subsidiary. The company is currently evaluating the proposal for its 92.5 percent stake in this subsidiary. Energyhouse confirmed in a bourse disclosure statement that it has received a preliminary, non-binding offer. The statement...
Abu Dhabi National Oil Company, along with investment group Carlyle, has made a takeover offer exceeding $36 billion for the Australian oil and gas company Santos. This significant bid has received support from the Santos board, but there remains uncertainty about whether the deal will ultimately be finalized. The proposed acquisition highlights the growing interest...
Abu Dhabi National Energy Company PJSC, commonly known as Taqa, has begun discussions to acquire a stake in Spain’s Naturgy Energy Group SA. Taqa’s chairman, Mohamed Hassan Alsuwaidi, who also serves as the UAE Minister of Investment, visited Spain to meet with executives from CriteriaCaixa SA, Naturgy’s largest shareholder, to explore potential investment opportunities. This...
A delegation from the UAE, led by the Ministry of Energy and Infrastructure, took part in the 7th BRICS Youth Energy Summit held in Brasília, Brazil. The summit featured youth delegations that included top experts and professionals from member states and invited countries. This engagement is part of the UAE’s continuous effort to enhance international...