Africa & Middle East

Independent power producer (IPP) Scatec targets to invest NOK10 billion (US$946 million) of equity for new renewable power plants through 2027.

The US and United Arab Emirates (UAE) have signed a significant new clean energy framework in Abu Dhabi, the White House has announced.

New policies in major energy markets would accelerate the investment in clean energy to US$2 trillion by 2030 in the states policies scenario (STEPS), according to a report from the International Energy Agency (IEA).

The world installed around 174GW of solar PV in 2021, a 20% jump on the previous year, and is expected to deploy 260GW this year, barring any major disruptions to international trade.

TotalEnergies has completed works on the 800MW “Al Kharsaah” solar power plant near Doha in Qatar and is already connected to the grid.

Corporate funding in the global solar sector was dampened by inflation and high interest rates during the first nine months of the year, according to research from Mercom Capital Group.

South African public utility Eskom has signed lease agreements with four independent power producers for the production of renewable energy.

As Israel faces limited available space for new utility-scale solar projects, repowering older plants is a trend that’s set to grow.

Installed solar PV capacity globally will grow 20-fold by 2050, when the technology will represent 38% of all electricity production, according to a new DNV report.