Egypt, China target EVs, renewables, high-tech manufacturing
Egypt and China will explore cooperation in electric vehicles, renewable energy, and advanced technology as the two…
Browsing Tag
Renewables
Egypt accelerates renewable energy project approvals
Egypt’s Cabinet approved changes to regulatory timelines for renewable energy projects on Wednesday, in a move…
UAE to exit OPEC, OPEC+ on 1 May
The United Arab Emirates announced on Tuesday it will exit the Organisation of the Petroleum Exporting Countries…
Egypt in talks to expand Scatec investments, deepen renewable energy cooperation
Egypt is seeking to expand its partnership with the Norwegian renewable energy company Scatec as it works to…
Egypt, EU sign €125 mln in grants to boost renewables, green ammonia
Egypt and the European Union on Tuesday signed grant agreements worth €125 million to support renewable energy…
Egypt reviews progress on major solar, storage project with UAE’s AMEA Power
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with UAE-based AMEA Power to advance…
Egypt extends EGP 90b financing initiative to support industry, agriculture, renewables
Egypt will extend its initiative to support industrial, agricultural and renewable energy sectors through 90…
Egypt targets domestic renewables manufacturing to cut fuel bill – PM
Egypt is moving to localise production of solar panels and wind turbine components in a bid to meet its 2030…
Danantara Indonesia to invest $20b in key sectors
Danantara Indonesia will invest $20 billion in over 20 projects spanning metal processing, artificial intelligence,…
EBRD backs Africa’s largest wind farm in Egypt
The European Bank for Reconstruction and Development (EBRD) has arranged a $275 million syndicated loan to support…
US crude imports to hit 50-y low in ’25 – EIA
US crude oil imports are projected to drop by over 20 per cent to 1.9 million barrels per day (bpd) in 2025, the…
China’s emissions increase, add pressure to climate pledges – research
China's carbon dioxide emissions are set to rise slightly in 2024, further straining its ability to meet a key 2025…
Egypt unveils major plan to boost production, investment
Prime Minister Mostafa Madbouly announced that Egypt has identified over 150 groups of goods, representing more…
Egypt, Djibouti sign renewable energy deal
Egypt and Djibouti have strengthened their bilateral ties with the signing of a new agreement to develop renewable…
Egypt energy: Renewable energy expansion to prevent summer power shortages
The Egyptian government is collaborating with the Ministries of Electricity and Renewable Energy, as well as…
Eni in exclusive talks for potential €3b Enilive stake sale to KKR
Italian energy giant Eni SpA signed a temporary exclusivity agreement with KKR & Co. to sell a stake in its…
Portugal to boost renewable energy share to 93% by ’30
Portugal plans to increase the share of renewables in its electricity consumption to 93 per cent by 2030 as part of…
EU approves Germany’s €2.3b transition plan
The Council of the EU approved on Tuesday the Commission’s positive assessment of Germany’s amended recovery and…
Copper prices dive on weak demand
Copper prices have plummeted to their lowest in over two months after peaking above $11,000 per ton in May, now…
Clean energy spending to double fossil fuels in ’24 – IEA
Global spending on clean energy technologies is set to hit $2 trillion in 2024, almost double the $1 trillion…
PetroChina forecasts record LNG imports in ’24
China's LNG imports are poised to hit unprecedented levels in 2024, according to a projection by a PetroChina…
China’s ’40 coal cutback falls short, threatens climate
China’s coal consumption, the largest in the world, will decrease by only one-third by 2040, according to a report…
EU wind power surge bolsters green ambitions
WindEurope stated on Wednesday that the EU’s clean energy targets are more achievable due to a record-breaking year…
Low-emissions power to meet global demand – IEA
Power generated from low-emission sources like wind, solar, and nuclear will suffice to satisfy the increase in…
Egypt, Switzerland consider boosting economic ties
Egypt is considering boosting economic ties with Switzerland, said the Egyptian Minister of Trade and Industry…
BP invests $10 mln in biofuel firm
BP, the British multinational oil and gas firm, are investing $10 million in WasteFuel, a biofuels company that…
Egypt secures EBRD $100m fund to establish wind farm
EBRD, in cooperation with GCF, are issuing a senior secured loan of up to $100m to Red Sea Wind Energy to construct…
Egypt targets coal exit by 2040 – minister
Egypt is stepping up climate protection efforts with far-reaching reforms, including plans to stop the use of…
A start-up in Finland seeks to produce hydrocarbons via renewables
In Finland, one firm is working on a process that it says could boost the air quality inside buildings and generate…
Clean energy could dominate Egypt power at $6.5bn/year: report
Egypt would need to more than double investment in clean energy to push the amount of electricity generated by…
General Electric to supply turbine units for Egypt’s firsts nuclear plant
General Electric Co. has won a $700 million contract to supply turbine and generator units for Egypt’s first…
UK Lightsource BP, Egypt’s HA Utilities form solar project joint venture
UK-based Lightsource BP, Europe’s biggest solar energy developer, is forming a joint venture with Egyptian…
Trump’s rejection of Paris accord won’t slow US carbon emission controls
President Donald Trump's decision to withdraw from the Paris climate agreement could be a major setback to the…
EBRD, EU, EIB, AFD launch green financing facility in Egypt
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), European Union,…
Siemens names Emad Ghaly as chief executive in Egypt
Siemens Egypt has named Emad Ghaly as the new chief executive starting from July 1st, the company announced in a…