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…
Author: Chitrika
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…
Tembo Global Industries, an industrial solutions provider specializing in metal components, pipe support systems, fasteners, HVAC, anti-vibration systems, and EPC solutions, today announced the establishment of its Regional Headquarters in Riyadh, Saudi Arabia.This move aligns with the company’s long-term vision to expand its global footprint and strengthen business operations across the EPC and Solar sectors in the Middle East. In EPC, Tembo Global Industries provides end-to-end project execution services covering design, engineering, procurement, and construction for infrastructure, utilities, industrial, and commercial projects. In the Solar segment, the Company has established itself as a trusted supplier of solar mounting structures, accessories,…
QatarEnergy signed an agreement with Samsung C&T’s Engineering & Construction Group (Samsung C&T) for the construction of a world-scale solar power plant in Dukhan, about 80 kilometers west of Doha. The Dukhan solar power plant, one of the largest in the world, will be developed in two phases, reaching a total electricity generation capacity of 2,000 megawatts (MW) by mid-2029. Once completed, it will double Qatar’s solar power production capacity, contributing significantly to the country’s renewable energy goals. The agreement was signed by His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of…
Saudi Power Procurement Company (Principal Buyer) has released a request for qualification (RFQ) for the seventh round of solar and wind projects under the National Renewable Energy Program (NREP), which is led and supervised by the Ministry of Energy. The bidders are expected to share their intention to participate by September 29, 2025,12:00 The Saudi Power Procurement Company stated, “Round Seven projects have a combined capacity of 5,300 MW and include the Tabarjal two Solar PV IPP in Al-Jouf Region with a capacity of 1,400 MW, the Mawqaq Solar PV IPP in Hail Region with a capacity of 600 MW,…
The European Bank for Reconstruction and Development (EBRD) has launched a new programme titled “Greening Financial Systems: Delivering Climate Finance for All.” In a press release, the bank said it expects the programme to achieve US$634 million in green financing and that it will be rolled out in 13 countries across the EBRD regions: Armenia, Egypt, Georgia, Jordan, Kazakhstan, the Kyrgyz Republic, Moldova, Mongolia, Morocco, North Macedonia, Serbia, Tajikistan and Uzbekistan. The bank said, “As part of this initiative, the EBRD and its longstanding partner and donor, the Green Climate Fund (GCF), have signed an agreement for a US$200 million…
Israel-based N2OFF, Inc., a cleantech company investing in solar energy assets based on the RTB (Ready to Build) business model, decided to extend additional debt financing to Solterra Renewable Energy Ltd. (Solterra). In a press release, while sharing these details, N2OFF said it decided to extend the financing in connection with its previously reported Melz solar project for the purpose of integrating a large-scale battery energy storage system (BESS) into its 115 MWp solar photovoltaic project in Melz, Germany. The planned “green” BESS will have a capacity of 107 MW / 214 MWh and is designed to optimize electricity sales…