The United Arab Emirates (UAE) is accelerating the expansion of its solar photovoltaic (PV) capacity as part of its long-term energy diversification strategy. Solar PV capacity in the country is forecast to increase from 6.7GW in 2025 to 32.3GW by 2035, registering a compound annual growth rate (CAGR) of over 17% during 2025-35, according to GlobalData, a leading intelligence and productivity platform. GlobalData’s report, “United Arab Emirates Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035”, reveals that solar PV generation is projected to rise sharply from 15.8TWh in 2025 to 75.4TWh by…
Author: Chitrika
Gujarat-based Sahaj Solar Limited, at its board meeting held on March 07, 2026, among other matters, considered and approved/noted a proposal to conduct business activities related to a 750 MW solar panel manufacturing plant in the United Arab Emirates (UAE) through a strategic partnership. In a regulatory filing, the company stated that it had earlier proposed Phase I of a 750 MW solar panel manufacturing plant in India. However, considering the current market scenario and to leverage pricing and economic advantages available at the global level, the company is now evaluating the possibility of setting up the 750 MW plant…
Hitachi Energy, which has operated in Brazil for over 70 years, has reached a new milestone with the production and delivery of the largest set of transformers ever manufactured in the country. Built using HVDC technology and involving highly complex transport logistics, the equipment connects to an energy infrastructure optimised for long-distance, high-efficiency power transmission. The equipment is destined for an HVDC interconnection project in Saudi Arabia, one of the most innovative and technologically advanced energy infrastructure initiatives in the world. The transformers are expected to be fully delivered by September 2026, with the HVDC system scheduled to enter operation…
Bondada Engineering Limited (BEL) entered into a Memorandum of Understanding (MOU) with Bryanston Renewables FZCO, Dubai, UAE, for the development of green-powered data centres in India and select international markets. This MOU establishes a framework for joint development of Data Centres and ready to develop/deploy Data Centre project packages powered by green energy for domestic and international Investors/Data Centre Operators (DCO’s). Sharing the strategic rationale the company said its India’s digital economy continues to witness strong structural growth, supported by policy initiatives announced in the Union Budget 2026. including: • Accelerated expansion of digital infrastructure• Incentives for energy-efficient and green…
Thailand-based power and infrastructure conglomerate Gulf Development Public Company Limited (GULF), has secured THB 60,000 million in loan facilities to accelerate the development of 27 renewable energy projects. Led by CEO Mr. Sarath Ratanavadi and CFO Yupapin Wangviwat, the financing—channeled through GULF’s renewable energy and waste-to-energy subsidiaries—supports a 939 MW portfolio consisting of 15 solar and Solar-BESS projects (843 MW) and 12 industrial waste-to-energy plants (96 MW). The signing ceremony was graced by Angela Macdonald, Australian Ambassador to Thailand, and H.E. Ping Kitnikone, Canadian Ambassador to Thailand, alongside senior executives from partner lending institutions. About The Project The 15 solar…
Nextpower Arabia, the newly formed joint venture between Nextpower (formerly Nextracker) and Abunayyan Holding has announced its first big project win. It will provide 2.25 gigawatts (GWp) of solar tracking systems to Larsen & Toubro (L&T), the EPC for the Bisha Solar project. The project is being developed by an ACWA Power-led consortium. The project was procured by the Saudi Power Procurement Company (SPPC) as part of Wave 6 of the Kingdom’s National Renewable Energy Program (NREP), overseen by the Ministry of Energy. Located in the Asir Province, Bisha is the largest of the Wave 6 solar projects. The project…
Abu Dhabi Future Energy PJSC – Masdar, a global clean energy leader, and Octopus Energy, the global energy tech disruptor, have signed two Memoranda of Understanding (MOUs) for initiatives in the UK and Africa. Masdar and Octopus will look to work together to free up hidden capacity across the UK’s distribution network to power the next generation of data centres. The companies signed the agreements during Abu Dhabi Sustainability Week in the UAE. The UK is facing an unprecedented crunch on grid connections, with renewable energy projects often waiting years to be plugged in. At the same time, electricity demand…
International Finance Corporation (IFC), a World Bank Group member, is leading investment support for the establishment of the Middle East’s largest polysilicon facility, which will produce up to 40 GW of solar modules annually. In a press release, IFC explained that the latest round of investment could help United Solar Polysilicon (FZC) SPC, United Solar, finance its greenfield polysilicon plant in Oman’s Sohar Freezone. The financing aims to boost the manufacturing of polysilicon, create nearly 3,000 direct and indirect jobs, help attract foreign direct investment, and advance Oman’s vision for economic diversification while reducing reliance on oil. Polysilicon is a…
ENGIE, a global low-carbon energy solutions provider, and an Abu Dhabi Future Energy Company PJSC – Masdar have reached financial close for the 1.5 gigawatt (GW) (AC) Khazna Solar Photovoltaic (PV) Independent Power Project located between Abu Dhabi and Al Ain. This marks a decisive step in the development of one of the region’s largest solar projects and ENGIE’s largest photovoltaic plant worldwide. The project, which was awarded in October 2025, is being developed under a 30‑year Power Purchase Agreement (PPA) signed with Emirates Water and Electricity Company (EWEC). Financing Secured by Leading International Partners The financing for the latest project…
Dhahran, Kingdom of Saudi Arabia | 07–09 April 2026 Offshore Arabia 2026, the Kingdom’s largest Offshore Technology and Innovation Expo, will take place from 07 to 09 April 2026 in Dhahran, Kingdom of Saudi Arabia. Positioned at the heart of the region’s offshore energy ecosystem, the event will convene global offshore energy leaders, technology innovators, service providers, and government stakeholders under the theme “Pioneering Offshore Technologies for a Sustainable Future.” Hosted in Saudi Arabia, Offshore Arabia 2026 is designed to serve as a strategic platform for advancing offshore energy solutions through innovation, sustainability, and technology-driven transformation. The expo will focus…