Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, and Elektroprivreda Crne Gore (EPCG), Montenegro’s national power utility, have agreed to form a 50/50 joint venture (JV) to develop large-scale renewable energy projects in Montenegro. Through the JV, to be headquartered in Nikšić, Masdar and EPCG will deploy and operate clean energy projects across a range of technologies, including solar photovoltaic (PV), wind, hydropower, pumped hydro energy storage, stand-alone battery energy storage systems and hybrid solutions in Montenegro. The collaboration is intended to support Montenegro’s domestic energy needs while also enabling the export of renewable electricity…
Author: Chitrika
The ongoing conflict in the Middle East has severely disrupted global oil and gas supplies, resulting in the selective closure of the Strait of Hormuz. This has affected infrastructure across the region and international energy flows, creating erratic increases in oil and gas prices, thereby nudging states to seek renewable energy as an alternative.Addressing this pressing challenge, a latest report by the International Renewable Energy Agency (IRENA) in its policy advisory suggested a policy shifts in the form of rebates in pricing and alternatives such as distributed renewable energy and battery energy solutions.To shift dependence on fossil fuels, the research…
The European Bank for Reconstruction and Development (EBRD) is strengthening Egypt’s green energy transition with a US$ 65 million construction bridging loan to HAU Energy for the development of a new renewable energy project in Benban, near Aswan. The project is being co-developed by HAU Energy and Infinity Power. The financing will support the construction and installation of a 200 MW solar photovoltaic (PV) plant and a 120 MWh battery energy storage system (BESS), an important milestone in expanding Egypt’s renewable energy and battery storage capacity, helping the country accelerate its shift to a low carbon economy. Once operational, the new…
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…
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…