Saudi Arabia’s Acwa inks deal for world’s largest renewable project in Dubai

Saudi Arabia-headquartered Acwa Power, in which the kingdom’s Crown Prince HRH Mohammad bin Salman Al Saud-led Public Investment Fund (PIF) holds a stake, has partnered with the Industrial and Commercial Bank of China (ICBC), Shanghai Electric Group Co (SEGC), and Spanish company Abengoa to build the world’s largest renewable energy project, the Noor Energy 1 solar plant in Dubai.

Uniting Africa For Power

African countries are increasingly coming together. A landmark free-trade agreement was concluded earlier this year. East Africa has made great progress on free movement of people. And a commitment to a single market for air travel has been revived, potentially connecting countries better than ever before.

Saudi Arabia’s road to green energy

Energy prices are heavily subsidized, with Saudi Arabia having some of the lowest gas and diesel prices in the Arab region. Almost all 20 Arab countries surveyed witnessed an increase in electricity peak demand by more than 10 percent from 2013 to 2016.

The impact of solar photovoltaic technologies at the municipal level

As the costs of solar photovoltaic technologies continue to decrease and electricity prices continue to increase, a significant number of people have already invested in PV, generating their own electricity through renewable energy. The benefits to this trend in terms of carbon emissions are obvious. However, consequences for municipalities are potentially dire unless they make […]