Baset Asaba

1 month ago | mercomindia.com | Baset Asaba

Gulf Cooperation Council (GCC) countries increasingly rely on independent power producers (IPPs) to achieve their renewable energy goals. Implementation by Countries Dubai’s clean energy transition has recently taken a major step forward. The Emirate’s main utility, the Dubai Electricity and Water Authority (DEWA), revised the target capacity of its flagship solar project, the Mohammed Bin Rashid Al-Maktoum (MBR) Solar Park, by 45%.

1 month ago | mercomindia.com | Baset Asaba

In rural Angola, a new 150 MW solar project is bringing electricity to thousands of homes that, until recently, relied on costly diesel generators or had no access to power at all. It is a striking image of change, and one that’s becoming increasingly common across Africa. From Zambia to Mauritania, solar panels are rising and wind turbines turning, signaling a quiet revolution in the continent’s energy landscape. But perhaps even more striking is where much of this momentum is coming from.

2 months ago | mercomindia.com | Baset Asaba

IRENA predicts the GCC will have 40 GW of utility-scale solar projects by 2030Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights The Gulf Cooperation Council (GCC) countries are quickly expanding their renewable energy portfolios, with utility-scale solar projects leading this transformation. As the region’s power generation comprises nearly half of its carbon emissions, GCC governments are shifting considerably towards clean energy.

2 months ago | mercomindia.com | Baset Asaba

The Middle East has long struggled to establish a competitive solar manufacturing sector despite receiving abundant sunshine and increasing commitments to clean energy. However, recent developments suggest a rapid shift is underway. Governments are ramping up local content requirements, new factories are breaking ground, and regional players are positioning themselves as serious global solar supply chain contenders.

Mar 17, 2025 | mercomindia.com | Baset Asaba

When Masdar, the UAE’s flagship renewable energy company, launched its $750 million green bond in mid-2023, the response was overwhelming. Investors scrambled to get in, oversubscribing the issuance nearly six times. A similar story played out a year earlier with Abu Dhabi National Energy Company (TAQA), whose $1 billion green bond was met with equal enthusiasm. The message from capital markets was clear: sustainability sells, even in the oil heartland of the Middle East.