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Renewables set to generate a third of world’s electricity by next year, IEA says

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In Short : Renewable energy sources are poised to generate approximately one-third of the world’s electricity by the coming year, according to the International Energy Agency (IEA). This forecast indicates a substantial global shift toward cleaner and more sustainable energy solutions. In Detail : Nuclear power is forecast to reach a record high Renewable energy […]

China’s CTGI eyes investing in Egypt in fields of electricity, renewables – EQ Mag

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The two sides probed cooperation in the areas of renewables, green hydrogen, localization of industries, pumping, storing, and floating solar energy plants Arab Finance : Egypt is eying cooperation with Chinese Three Gorges International Corporation (CTGI), a hydropower development and operation firm, to invest in the country in the fields of electricity and renewables, Ministry […]

His Excellency Saeed Al Tayer opens Middle East Energy as focus falls on transition to renewables, particularly solar – EQ Mag

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As three-day show at Dubai World Trade Centre opens with more than 900 energy suppliers, German Pavilion grows 20 per cent, while Al Fanar extends exhibition across 600 metres Economist Intelligence Unit says investment in fossil fuels increased due to war in Ukraine, but will slow post- 2030: ‘Middle East can maintain global power by […]

Nordex continues to see opportunity in South Africa despite recent headwinds – EQ Mag

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European wind turbine original equipment manufacturer (OEM) Nordex says South Africa remains a key market despite the disappointment of the country’s most recent renewables bidding round when not a single wind project advanced to preferred-bidder status, owing to grid constraints in the Cape provinces. Nordex Energy South Africa MD Compton Saunders tells Engineering News that […]

Africa Supports Sultan Al Jaber is the Right Leader for United Nations Climate Conference (COP28) in Abu Dhabi (By NJ Ayuk) – EQ Mag

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The backlash in recent days about the selection of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to serve as president of the next United Nations Climate Conference (COP28) has been quite… dramatic. The decision to have him lead the conference has been described as “a fox watching the henhouse,” […]

Economists see renewables as new source for jobs – EQ Mag

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AMMAN :  Beyond its environmental impact, renewable energy represents an effective way to achieve economic sustainability, economists suggest. Jordan had the highest share of renewable energy contribution in the Arab region in 2021, excluding hydropower, according to the 2022 Arab Future Energy Index (AFEX). Economists believe that integrating clean energy in all economic sectors and […]