The Middle East has long been considered as the global production base for oil and natural gas. However, there are increasing global requirements for greenhouse gas emission reduction. Renewable energy technology is gaining popularity in recent years. Moreover, the oil prices have been on the decline since 2014. As a result, the countries in the […]
Engie eyes investments in district cooling and renewables in the Middle East
The French utility invested approximately Dh2.8bn in Mubadala’s district cooling venture Tabreed in 2017 French utility Engie is looking at growing its portfolio in district cooling in the Middle East as it also looks to actively bid on renewables projects in the region, according to its chairman. “We’re looking at growing with existing facilities and […]
Israel to Develop 6GW of Solar Capacity Over the Next Decade
Before the market can boom, the dry, sunny country needs to update its transmission grid and streamline the contracting process. It took years to develop, but Israel’s young solar market is poised to accelerate if some needed grid upgrades come through. After considerable pushing by a band of scrappy homegrown developers, solar power now delivers […]