Saudi Aramco, in partnership with Siemens Energy, has launched the first direct air capture (DAC) unit in Saudi Arabia. This pilot facility is designed to extract 12 tonnes of carbon dioxide from the atmosphere each year, marking a significant step in the country’s efforts to reduce greenhouse gas emissions and explore sustainable technologies. Located in...
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 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...
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)...
The Emirates Group has announced a partnership with Moro Hub, a subsidiary of Digital DEWA, to utilize co-location services at the Mohammad Bin Rashid Al Maktoum Solar Park, home to the world’s largest solar-powered data center. This collaboration is part of a strategic initiative to enhance digital transformation and bolster Dubai’s reputation in sustainable aviation....
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...
Masdar, the Abu Dhabi Future Energy Company, is set to significantly expand its operations by investing nearly Dh30 billion in 2024. This investment will support the launch of new projects in nine countries, reinforcing Masdar’s role as a leader in the global clean energy sector. The company has also secured over Dh16.5 billion in project...
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, has confirmed plans for the development of an $8 billion green hydrogen plant in the Suez Canal Economic Zone (SCZONE) in collaboration with the Indian company ReNew Power. This announcement was made during a recent meeting with Vikram Kapur, Group President at ReNew Power. The initiative...