Browsing: Energy

RIYADH: Saudi energy giant ACWA Power is signing a new agreement to accelerate the development of renewable projects in Azerbaijan. 

The unanimous declaration of the Decade of Sustainable Energy for All in 2012 aimed to hone on the importance of improving “access to reliable, affordable, economically viable, socially acceptable and environmentally sound energy services and resources for sustainable development”

VILNIUS, April 10. /TASS/. Lithuania, which has completely abandoned the use of Russian energy resources, will never return to purchasing them from Russia, President of the Baltic country, Gitanas Nauseda, said at the international forum on energy security issues, which is held in Vilnius.

TOKYO: With the world transitioning to new energy sources, relations with Japan are being strengthened, as the research department of the Japan Organization for Metals and Energy Security conducted joint workshops with KAPSARC, an energy think tank in Saudi Arabia, last summer.

The US will lose more than 30 gigawatts of solar energy during Monday’s total eclipse — roughly the output of 30 nuclear reactors — as sunlight is blocked during prime generating hours.

Oil producer Capricorn Energy said on Thursday it received a payment of $30 million this week from the Egyptian government after its debt to the company rose to $169 million last year.

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.

RIYADH: Renewable energy capacity in the Middle East soared to a record high in 2023, with the addition of 5.1 gigawatts, marking a 16.6 percent increase from the previous year.

Ukrainian electricity imports have risen almost threefold, according to the Energy Ministry in Kiev, which also said the country has ceased almost all exports of electrical power following Russian strikes on infrastructure. 

RIYADH: Calls for completely abandoning oil and fully relying on renewable energy have been deemed “wrong” and “unrealistic” by Haitham Al-Ghais, the secretary-general of the Organization of the Petroleum Exporting Countries.