Early Rollout of Fiscal Policy Could Reduce Emissions in the Middle East & Central Asia
The Middle East and Central Asian countries have collectively pledged to reduce annual greenhouse gas emissions (GHG) in 2030 by 13-21%, a new IMF study estimates. On assessing the region's ...
Global Investment in Renewable Energy Could Reach $3.40 Trillion by 2030: Report
Global investments in the renewable energy sector are expected to rise to $3.4 trillion by 2030, including an estimated investment of $2.72 trillion in solar and wind energy sectors, according ...
APICORP Commits $50 Million Credit Facility to UAE-Based Rooftop Solar Develop SirajPower
The Arab Petroleum Investment Corporation (APICORP) announced that it would provide a $50 million credit facility to SirajPower, a UAE-based distributed solar developer, to expand its portfolio in the Middle ...
Syria to Develop 63 MW of Solar Projects
The Public Establishment of Electricity for Generation (PEEG) of the Syrian Arab Republic has floated tenders for the development of two solar projects (40 MW and 23 MW ) in ...
IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank
The International Finance Corporation (IFC), the financial wing of the World Bank Group, and Massader, a subsidiary of the Palestine Investment Fund (PIF), announced that they signed a loan agreement ...
Africa and Middle East Wind Capacity Additions Down 7% in 2019
Africa and the Middle East have added 894 MW of wind power capacity in 2019, down by 7% from the previous year, according to data released by the Global Wind ...
Saudi Arabia Announces 1.5 GW Solar Tender
In line with the country’s National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (REPDO), has invited expressions of interest for seven greenfield solar PV projects with ...
Green Investment Group Acquires Conergy’s Solar Portfolio in Asia and Middle East
Macquarie Capital’s global green investment platform, Green Investment Group (GIG), has acquired a solar development portfolio from Conergy Asia and Middle East. The portfolio includes solar development assets in the ...
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion
Global Energy & Power Infrastructure Fund III (GEPIF III), a BlackRock Real Assets power and energy infrastructure fund, has secured $1.5 billion in commitments from prominent institutional investors in North ...
Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project
Japanese telecom giant-turned-tech investor SoftBank has announced plans to invest in creating the world’s largest solar power project in Saudi Arabia, according to Reuters. The project is expected to have ...