Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction. Consummation of the transaction is subject to the satisfaction of customary […]
Qatar signs agreement with China’s Yutong to manufacture electric buses
The first e-buses will be produced for the Qatar FIFA World Cup 2022 and beyond and is part of a wider Qatari initiative to ensure 25% of the public bus network is powered by electricity in time for the tournament, the authority said. DUBAI : Qatar Free Zones Authority on Monday signed an agreement with […]
Sungrow Bags 800 MWp PV Inverter Solution Contract in Qatar
Doha, Qatar: Sungrow, the global leading inverter solution supplier for renewables, announced that it will power the 800 MWp Al Kharsaa project in Qatar with featured 1500V string inverter SG250HX. The project is noteworthy as the third-largest solar plant in the world and the first utility-scale solar project in Qatar. It’s planned to be […]
Qatar Is Supporting Fintech Development with Sustainable Solar Energy Initiatives, Local Firms Using Blockchain to Streamline Operations
Qatar has been ranked or classified as a high-income economy by the World Bank. Although the Middle Eastern country only has a GDP of around $200 billion (a lot less compared to many trillion-dollar economies), it’s home to just over 2.7 million people so the GDP per capita is quite high (around $70,000 per person). […]
Qatar launches ‘first of its kind’ energy storage project using Tesla batteries
The £2.1m project aims to secure the country’s production capacity at peak times and enhance energy efficiency The sole transmission and distribution system owner and operator for the electricity and water sector in Qatar, General Electricity and Water Corporation (KAHRAMAA) has launched a pilot project to store electrical energy using Tesla batteries. The QR10 million […]
QATAR SIGNS $470 MILLION SOLAR DEAL
The Al-Kharsaah plant, near the capital, is a 10-square-kilometre (4-sq-mile) joint venture with French and Japanese partners due for completion in 2022 ahead of the football World Cup. “Eight times the solar power pledged in the World Cup bid will be produced,” Energy Minister Saad al-Kaabi told a media briefing in Doha. Qatar’s ruler, Emir […]
CCI approves under green channel Qatar Holding LLC’s stake buy in Adani Electricity Mumbai
The Qatar Investment Authority (QIA) earlier in December agreed to buy a 25.1 per cent stake in Adani Electricity Mumbai Ltd — the firm that distributes power to three million consumers in Mumbai — for Rs 3,200 crore New Delhi: The Competition Commission of India on Friday said it has given approval under the […]
Qatar wealth fund to invest $450 million in Adani Transmission unit
Qatar Investment Authority will buy the stake in Adani Electricity Mumbai in a deal that will also include subordinated loans New Delhi: Qatar’s sovereign wealth fund will invest $450 million in a unit of Indian power company Adani Transmission Ltd for a 25.1 per cent stake, the two entities said on Wednesday. Qatar Investment Authority […]
Qatari firm acquires 9.9 per cent stake in Amin solar PV project
Qatar-based energy investments firm Nebras Power QPSC has announced that it has completed the acquisition of a 9.9 per cent equity stake in Amin Renewable Energy Company (AREC) in Oman, which is the owner of Project Amin. The transaction is a continuation of Nebras’s strategy implementation to enhance its asset base through attractive PPA opportunities […]
Brookfield may buy controlling stake in debt-ridden Suzlon Energy
Deals Buzz: Brookfield may buy controlling stake in debt-ridden Suzlon Energy In other news, Byju’s, India’s most valued ed-tech company, raised $150 million in its latest round of funding led by Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms […]