Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East, and Africa, has announced its financial results for the nine months ending 30 September 2025. TAQA made strong progress toward its international growth targets during the period, advancing key investments across the power and water value chain in core and new markets. For the nine months, TAQA delivered Group revenues of AED 42.7 billion, a 2.9% increase compared to the same period last year, primarily driven by higher pass-through revenue in the Transmission and Distribution (T&D) segment. While revenue growth…
Author: Chitrika
Abu Dhabi Future Energy Company PJSC – Masdar, has signed a Battery Storage Service Agreement with JSC Uzenergosotish, Uzbekistan’s state-owned joint-stock company, to develop a standalone battery energy storage (BESS) project. The Zarafshan BESS forms the first phase of a national battery storage program following Masdar’s December 2023 agreement with Uzbekistan’s Ministry of Energy and Ministry of Investments, Industry and Trade to develop up to 575 megawatts (MW) / 1.15 gigawatt-hours (GWh) of BESS capacity across the country. Phase 1, which will be capable of storing up to 300MW / 600MWh of electricity, equivalent to powering approximately 1.3 million households…
On the road to zero emissions, global logistics leader A.P. Moller – Maersk (Maersk) and consumer goods giant Unilever are joining forces to launch their first electric van in Saudi Arabia. This initiative is an important milestone in decarbonising logistics operations in the Kingdom, supporting Saudi Vision 2030 objectives to reduce carbon emissions by 278 million tonnes annually and increase renewable energy usage to 50%. This launch is the beginning of a broader transformation. Both companies aim to scale electric mobility across Saudi operations and explore additional innovations, including solar-powered warehousing and intermodal transport solutions. Driving Decarbonisation in Jeddah The…
OMV, Austria’s integrated energy, fuels, and chemicals company, and Masdar, a global clean energy leader, have signed a binding agreement to establish a joint venture (JV) for the financing, construction, and operation of the 140 MW green hydrogen electrolyzer plant in Bruck an der Leitha, Austria.This landmark project will be one of Europe’s largest green hydrogen production facilities and marks a major step in OMV’s commitment to decarbonizing its Schwechat refinery and accelerating the energy transformation. Construction of the facility began in September 2025, and it is expected to be operational in 2027. The partnership lays the foundation for a…
Envision Energy, a global leader in green technology, entered a seven-year Framework Agreement with ACWA Power, a private water desalination company. Under this collaboration, the company is in the energy transition and a first mover into green hydrogen. Under the agreement, Envision Energy partners with ACWA Power’s upcoming projects in Saudi Arabia, Uzbekistan, and the Central and Eastern Asian regions. The partnership establishes a comprehensive framework to accelerate renewable energy development across Saudi Arabia, Uzbekistan, China, and other strategic markets through wind turbine supply, technological cooperation, and operational maintenance. This collaboration will drive innovation in wind turbine performance, enhancing efficiency,…
Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has been awarded two solar photovoltaic (PV) projects, with a combined capacity of 2 gigawatts (GW), under the sixth round of bidding in the Kingdom of Saudi Arabia’s National Renewable Energy Program (NREP). The Independent Power Producer (IPP) projects, for the 1,400-megawatt (MW) Najran plant and the 600MW Ad Darb facility, will be developed on a build, own, and operate (BOO) basis, with a 25-year power purchase agreement (PPA) signed with the Saudi Power Procurement Company (SPPC). The Ad Darb plant, which will be located in Jizan…
The Saudi Power Procurement Company (SPPC) has awarded a 400 MW solar project in As Sufun, Saudi Arabia, to a consortium of TotalEnergies and Aljomaih Energy & Water (AEW). The partners will develop, build, and operate the plant and sell the generated electricity to SPPC under a 25-year power purchase agreement (PPA). The project is expected to be connected to the grid in 2027 and will supply power to more than 68,400 homes. The As Sufun project is part of Round 6 of the National Renewable Energy Program (NREP) overseen by the Ministry of Energy, aiming to reduce reliance on…
Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has witnessed the groundbreaking of the world’s largest combined solar power and battery storage project, capable of delivering 1 gigawatt (GW) of baseload renewable energy around the clock. Reimagining the potential of renewable energy In line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, this world-first project, developed by Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC), reimagines the potential of renewable energy…
Abunayyan Holding and Nextracker have signed an agreement to form Nextracker Arabia, a new joint venture to accelerate solar adoption across the Kingdom and the Middle East and North Africa (MENA) region. Headquartered in Riyadh, Nextracker Arabia will combine Abunayyan’s 75 years of leadership in water and energy infrastructure in Saudi Arabia and the MENA region. Whereas, the US-based Nextracker’s a global market share leadership in solar power plant technologies, advanced solar trackers, and yield management and control systems. Nextracker Arabia will build on the unique experience and expertise in clean energy and solar innovation that these two organizations bring…
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…