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900MW tranche of Dubai’s MBR solar park sees bid of $0.0175/kWh
The Dubai Electricity & Water Authority (DEWA) has allegedly attracted the second lowest global solar bid for a 900MW tranche of the 5GW Mohammed Rashid Al-Maktoum (MBR) solar park in Dubai.
Oct 15, 2019 // Plants, Large-Scale, Commercial, Tariffs, First Solar, Asia, tenders, ACWA Power, Dubai, UAE, mohammed rashid al-maktoum solar park, mbr solar park, gulf
Solar and wind are now outpacing global electricity demand growth
New analysis shows solar and wind exceeded 2025 demand growth through Q3, underscoring their central role in decarbonizing power systems worldwide.
Nov 28, 2025 // Markets & Finance News, wind, GLOBAL, electricity demand, market trends
ADB to support eastern Indonesia with $600 million to broaden access to electricity including solar
The Asian Development Bank (ADB) has authorized a $600 million financing to aid the State Electricity Corporation (PLN), Indonesia's state-owned power firm, expand power access and also advertise renewable energy in eastern Indonesia. The program additionally includes 2 gives, at $3 million each, from the Japan Fund for Poverty Reduction and also the Asia Clean Energy Fund.
Nov 25, 2020 // Markets & Finance News, ADB, Asia, Asian Development Bank, Toru Kubo
MUFG Finances Mississippi Solar+Storage Project
Origis Energy secures USD-344m loan from MUFG to finance a 200 MWac solar and 200 MWh energy storage project in Lowndes County, Mississippi. The project will provide 500 MWac of solar and 600 MWh of battery storage, supplying electricity with grid resiliency for a 25-year period. Construction has already started.
Dec 21, 2023 // Plants, Storage, USA, Mississippi, North America, Origis Energy
Canada's Nova Scotia wants solar-and-storage on brownfield sites
The province's Alternative Energy Resource Authority is seeking proposals for three utility scale PV projects varying in generation capacity from 800 kW to 4 MW. Two of these must be combined with large scale batteries with a total storage capacity of around 2.4 MWh
Dec 10, 2019 // Storage, Canada, North America, Nova Scotia, solar-and-storage, AREA
Enlight inks 1st corp PPA in Israel with software huge Amdocs
Israeli renewables designer Enlight Renewable Energy Ltd (TLV: ENLT, NASDAQ: ENLT) has inked an agreement to supply power to a new office campus people software company Amdocs (NASDAQ: DOX).
Jun 6, 2023 // Markets & Finance News, PPA, Asia, Israel, ENLIGHT, Amdocs
UAE programmer closes on 1GW of wind, solar projects in Egypt
AMEA Power said both 500MW schemes represent a US$ 1.1 bn investment in the country's economy
Nov 30, 2022 // Markets & Finance News, Asia, Africa, Egypt, UAE, amea power, solar projects
Australia breaks renewable records however high fossil fuel prices trigger higher wholesale electricity prices
Solar PV and also various other renewables accounted for a record share of electricity generation in Australia's National Energy Market (NEM) in Q4 2021 at 34.9%, while average wholesale prices rose with the higher cost of fossil fuels regardless of their share of the energy mix shrinking.
Feb 9, 2022 // Markets & Finance News, UTILITY-SCALE SOLAR, Australia, AEMO, Oceania
MRC Allied says solar rooftop power to save consumers 30% in electricity bill
MRC Allied Inc., through its wholly-owned unit Menlo Renewable Energy Corp. (MREN), said Wednesday it its solar rooftop installation stands to save up to 30% in electricity bill.
Oct 9, 2019 // Rooftop PV, MRC Allied Inc., Menlo Renewable Energy Corp., Johnston Brusola, Augusto Cosio
Solar and the chocolate factory
The latest 7 MW of net metered solar capacity in Dubai indicates 11 MW were added across ten new arrays in just nine days as the Shams initiative continues to work up a head of steam.
Sep 27, 2019 // Plants, Large-Scale, Commercial, Dewa, Asia, Saeed Mohammed Al Tayer, middle east, Dubai, UAE, Nestlé, Shams
Dubai Setup Sights At Scoring14% Of Its Energy From Renewables By The End Of 2022
Dubai intends to create 25% of its power from renewable sources by 2030 as well as take it to 100% by 2050.
The city included 700 MW of renewable energy just recently, taking its total RE capacity to 1.62 GW.
Jul 4, 2022 // Markets & Finance News, Dubai Electricity and Water Authority, Dewa, Mohammed Bin Rashid Al Maktoum Solar Park, Saeed Mohammed Al Tayer, Solar Park, Hassyan Power Complex
ACWA wins the tender for the 900-megawatt solar farm in Dubai
The solar field will become operational in Q2 of 2021. This is the project for deployment of phase five of the huge 5-gigawatt Mohammed bin Rashid Al Maktoum solar farm.
Nov 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Solar to Fuel, Asia, United Arab Emirates, acwa, Mohammed bin Rashid Al Maktoum, Solar to Fuel, Solar to Hydrogen, Producing Hydrogen, Hydrogen from renewable, Renewable fuels
Globeleq inks framework contract for 3.6-GW green H2 project in Egypt
Africa-focused independent power manufacturer (IPP) Globeleq has authorized a framework arrangement with Egyptian authorities that paves the way for the construction of a 3.6-GW green hydrogen production hub in Egypt.
Nov 21, 2022 // Markets & Finance News, Solar to Fuel, IPP, Asia, Africa, Egypt, green hydrogen, Globeleq
Globeleq tables plan for 3.6-GW green hydrogen complex in Egypt
Africa-focused independent power manufacturer (IPP) Globeleq on Monday unveiled a project that envisages the creation of a 3.6-GW green hydrogen production hub powered by 9 GW of wind as well as solar capacity within the Suez Canal Economic Zone in Egypt.
Aug 29, 2022 // Solar to Fuel, Asia, Africa, Egypt, green hydrogen, Globeleq
Masdar Wins Dubai Solar Project: 1.8-GW Phase
Masdar has been selected as the preferred bidder for the 6th phase of the Mohammed bin Rashid Al Maktoum solar complex in Dubai. The project, with an LCOE of EUR 0.015/kWh, will cost up to AED 5.51bn and will be commissioned in stages from 2024. The solar park is planned to reach 5 GW by the end of the decade.
Aug 14, 2023 // Plants, Masdar, Dubai
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