At Solar & Storage Live KSA, Trina Storage officially unveiled its next-generation 6.25 MWh energy storage platform, Elementa 3. With higher energy density, enhanced safety, and improved cost efficiency. The Elementa 3 offers higher capacity, greater efficiency, and enhanced safety. The Elementa 3 features 587 Ah cells, increasing single-cabinet capacity to 6.25 MWh, with module energy density improved by 12.3%. Its compact design raises the site-level energy density by 24.7%, significantly reducing the levelized cost of storage (LCOS). Safety has been strengthened across all levels: optimized cell materials, module-level liquid cooling system, and an advanced cabinet structure provide 2-hour full-cabinet…
Author: Chitrika
The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won grid infrastructure orders in the Middle East. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilisation of generation capacity and has improved the overall grid resilience. Currently, the network of the Sultanate of Oman is connected to this interconnection through the UAE’s grid at 220kV. Now, a direct interconnection is being established at the 400 kV level for which a 400 kV Substation in the UAE is crucial. L&T PT&D has won an order to engineer, procure, and…
Abu Dhabi – First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has successfully issued its second Blue Bond, a USD 20 million 3-year Blue Bond. This comes shortly after FAB’s inaugural Blue Bond in August 2025, underscoring the strong momentum behind its commitment to financing ocean and water-related projects that support climate resilience and environmental sustainability.Blue Bonds remain a nascent and impactful instrument globally, designed to promote investment in initiatives aiming to conserve marine resources, protect coastlines, and enhance blue carbon ecosystems. FAB’s successive issuance reflects its growing ambition…
EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing, supply, and system dispatch services of water and electricity across the UAE, awarded its new 1.5 gigawatt (GW) (AC) Khazna Solar Photovoltaic (PV) Independent Power Project. The development of the utility-scale solar power plant was awarded to ENGIE, a global leader in low-carbon energy solutions, and Masdar, a global clean energy leader, as the local shareholder. Following the award, the project’s Power Purchase Agreement (PPA) was signed between EWEC and the two companies. Khazna Solar PV is part of EWEC’s region-leading strategic plans to substantially increase…
TotalEnergies and Veolia have entered into a long-standing partnership by signing a memorandum of understanding (MoU) for cooperation in several key areas of energy transition and the circular economy. In line with their respective approaches to the company mentioned in a press release that they aim to reduce their greenhouse gas emissions and water footprint. This cooperation is estimated to benefit the entire industry through the scaling up of innovative processes and the advancement of research into future-oriented challenges.The two companies will pool their industrial competencies: Veolia will contribute its expertise in water resource management and the resource recovery of…
Enel S.p.A. (Enel) informs that EGPE1, a Group company controlled through Endesa, has closed the sale to Masdar, the UAE’s clean energy leader, of a minority stake, equal to 49.99% of the share capital, in EGPE Solar 24, a vehicle encompassing four Endesa photovoltaic assets operating in Spain, for an overall installed capacity of 446 MW. In line with the agreement signed on March 24th, 2025, Masdar paid a consideration of 184 million euros for the acquisition of 49.99% of the share capital of EGPE Solar 2, an amount subject to adjustments customary for these kinds of transactions. The enterprise…
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said the Arab region attracted 360 foreign renewable energy projects over the past 22 years, with investments exceeding $351 billion, creating more than 83,000 jobs.In its second 2025 sectoral report on electricity and renewable energy, issued Sunday from Kuwait City, Dhaman said Egypt, Morocco, the United Arab Emirates, Mauritania, and Jordan accounted for 248 projects, 69 percent of the total, with a combined value of $291 billion and 68,000 jobs.The report showed the UAE led the region in project numbers, investment value, and job creation, with 57 projects worth $88.5 billion…
Nama Power and Water Procurement (PWP) has signed an agreement with a consortium comprising Abu Dhabi Future Energy Company PJSC – Masdar, Al Khadra Partners, Korea Midland Power Co. Ltd (KOMIPO), and OQ Alternative Energy (OQAE), Oman’s national renewable energy company, to develop the Sultanate of Oman’s first utility-scale solar and battery storage project.Masdar, a global clean energy leader, said in a press release that it will lead the consortium in developing the Ibri III Solar Independent Power Project, which will combine a 500-megawatt (MW) photovoltaic (PV) plant with a 100-megawatt-hour (MWh) battery energy storage system (BESS). The scope of…
The Asian Infrastructure Investment Bank (AIIB) and the Industrial Development Bank of Türkiye (TSKB) have signed a USD65-million senior debt financing package to support the YEKA Erzin-2 Hatay Solar PV Project, each contributing USD32.5 million in financing.The project will develop a 100-megawatt solar power plant in Hatay Province, Türkiye, awarded in June 2022 under the government’s Renewable Energy Resource Zone (YEKA) program, which promotes large-scale renewables through competitive tenders. Sponsored by IC Enterra Renewable Energy, a subsidiary of IC Holding with over 1,500 megawatts of diversified capacity, the plant will operate under a 30-year license and deliver clean electricity at…
The Renewables (RENU) vertical of Larsen & Toubro has signed a Memorandum of Understanding with ACWA Power for the Renewables & Grid scope of the pioneering Yanbu Green Ammonia Project in the Kingdom of Saudi Arabia. While sharing these details in a press release, L&T said, “Yanbu Green Hydrogen Hub has been conceived as a fully integrated facility with its own captive renewable electricity generation powered solely by Solar and Wind. The Renewables & Grid scope of the project involves multiple facilities including Solar PV, Wind and Battery Energy Storage System plants along with associated substations and transmission lines.”The MOU…