The report shows that most hydropower potential lies in developing countries and that financing institutions need to work together with governments to overcome local risks and limitations and funnel much-needed investment into these regions and countries
renewable energy
Posted inNEWS, POWER
Schneider Electric and iot squared to accelerate R&D in Saudi Arabia
Schneider Electric and IoT Squared cooperate to employ digital solutions in energy management and industrial automation
Posted inNEWS, POWER, Renewable Energy
DNV to launch joint industry project to adapt certification process of installation aids for offshore wind farms
DNV initiates Joint Industry Project (JIP) to develop a standard for the certification of installation aids for fixed offshore wind farms.
Posted inNEWS, POWER, PRODUCTS NEWS
Tesvolt invests $64mn in new battery storage gigafactory
The planned construction will include a highly automated production building for battery storage systems as well as a new research and development centre
Posted inNEWS, POWER, Renewable Energy
ADFD and IFC offer up-to $1.5bn financing for sustainable projects
The Cooperation Framework between the two entities aims to boost climate business and food security through a co-investing program of up to AED5.5 billion (US$1.5 billion) for private sector-led projects
Posted inNEWS, POWER, WATER
TAQA Group reports full year 2022 net income of AED 8bn
Board proposes final cash dividend for 2022 of 3.3 fils/share (AED 3,713 million), bringing the full year dividend to 5.1 fils/share (AED 5,738 million)
Posted inPEOPLE, OPINION, Utilities
Technology is key in meeting tomorrow’s energy challenges
Finding efficiency savings using old technologies was never going to be enough, but by harnessing digital solutions with smart applications, Pylon is able to foster sustainable development at a higher level, says Ahmed Ashour, co-founder and CEO of Pylon
Posted inUtilities
Siemens Gamesa intends to establish an offshore wind turbine nacelle facility in New York
Facility intended to create around 420 direct jobs and generate approximately $500 million in local investment
Posted inNEWS, POWER, Renewable Energy
Egypt-Greek electrical interconnection project by Copelouzos Group gets push from President El-Sisi
President El-Sisi meets President of Copelouzos Group for the implementation of the Egypt- Greek Electrical Connection, known as “GREGY Interconnector”
Posted inNEWS, POWER
Pakistan approves new tax on electricity to meet IMF bailout conditions
Finance Minister Ishaq Dar said government officials and the IMF delegation would resume the talks in virtual mode from Monday