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OMAN

Oman on track to become one of the biggest hydrogen producers by 2030, IEA says – EQ Mag

June 19, 2023

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Oil and gas currently account for 60% of the sultanate’s export revenue, agency says Oman is on track to become one of the largest producers of hydrogen in the world by 2030, the International Energy Agency has said. The country, which could also be the top exporter of the low-carbon fuel in the Middle East […]

OMAN

IEA advises Oman on becoming a low-carbon hydrogen producer – EQ Mag

June 15, 2023

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The IEA predicts that Oman could become the sixth-largest exporter of hydrogen globally by 2030. The IEA has issued a report to Oman’s Minister of Energy and Minerals, Salim Al Aufi, on the country’s capacity to become a low-emissions hydrogen supplier by 2030. The report is the first to analyse renewable hydrogen potential for a […]

Solar and wind contributed 88 percent to rise in renewable energy in 2021 despite uncertainties report

SAUDI ARABIA

Solar and wind are leading the rapid expansion of the new global energy economy: IEA – EQ Mag

June 5, 2023

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Global renewable capacity additions are set to soar by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023 Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of […]

Scatec Exits Iraq Solar Power Projects Amid Delays

AFRICA

Solar Is Cheapest Energy Source Says IEA – EQ Mag

May 29, 2023

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IEA: new solar projects are the cheapest source of power on a LCOE basis. Substantial cost related to renewables that gets overlooked on a regular basis is the need for storage capacity to offset the intermittency problem. The IEA calculates that on a value-adjusted basis—and with cost assumptions in place—solar comes in at $60 per […]

Oman awards 500MW Manah Solar II IPP to Sembcorp Utilities-Jinko Power JV

EGYPT

Investment in solar power to outstrip oil for first time, says IEA – EQ Mag

May 29, 2023

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Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy was up by nearly a quarter since 2021, compared with a 15 percent rise […]

Shell set to make first solar power provider acquisition in Africa

SAUDI ARABIA

More Money Will Flow Into Solar Than Oil For The First Time – EQ Mag

May 29, 2023

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According to Fatih Birol, the IEA’s executive director, solar investments are expected to attract over $1 billion a day in 2023. Since the energy crisis hit two years ago, many of the world’s governments have doubled down on renewable energy since they view the sector as an ideal way to not only decarbonize but also […]

UAE

Carbon removal forecast to take centre stage at upcoming UN climate change conference – EQ Mag

May 15, 2023

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SINGAPORE : Even as the United Arab Emirates (UAE), host of the upcoming United Nations climate change negotiations in Dubai, has called for the phasing out of carbon emissions while maintaining the production of fossil fuels, a long-time observer of such talks predicts that carbon sequestration will take centre stage in December at the event. […]

SAUDI ARABIA

World enters ‘new age of clean energy manufacturing’ – EQ Mag

January 16, 2023

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The world is at the “dawn of a new industrial age” of clean energy technology manufacturing that will triple in value by 2030 and create millions of jobs, the International Energy Agency (IEA) has said. The global market for key mass-manufactured technologies including solar panels, wind turbines, electric vehicle batteries, heat pumps and electrolysers for […]

IRAQ

Fossil fuel CO2 emissions up slightly in 2022: IEA – EQ Mag Pro

October 20, 2022

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Paris – Global carbon dioxide emissions from fossil fuel combustion are expected to grow just one percent this year despite concerns over the impact of the energy crisis, the International Energy Agency said Wednesday, amid bumper growth for renewable energy. The IEA predicted that the CO2 emitted for energy by burning oil, gas and coal […]

EGYPT

Why Egypt’s plans for solar power are left in the shade – EQ Mag Pro

September 3, 2022

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For most of the 12 months the solar bakes down from a cloudless sky over Egypt, making it a super place to generate solar energy. And as a result of many Egyptians have their air-con blasting within the warmth of day, it gives energy simply when it’s wanted. The International Energy Agency (iea) reckons Egypt […]

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