/taxonomy/term/1996 en /node/2583854/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-12-21 15:40</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ is a world leader when it comes to extracting energy sources from the ground, but it is the Kingdom’s drive to harness a power supply in the sky that is attracting attention.</p> <p> Favorable government policies, a shift to meeting energy demands through renewable power, and a reduced dependence on fossil fuels are all factors pushing forward the Kingdom’s solar industry.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/21/4556743-26779354.jpg" width="1000" height="653" alt="" title="¶¶Òõ¶ÌÊÓƵ’s National Renewable Energy Program sees the Kingdom aiming for a solar energy capacity of 40 gigawatts by 2030. Above, the solar plant in Uyayna, north of Riyadh on March 29, 2018. (AFP file photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">¶¶Òõ¶ÌÊÓƵ</a></div></div></div> Sat, 21 Dec 2024 12:47:57 +0000 Arbee 2583854 at /node/2580149/world <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/120821">AP</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even">Associated Press</div></div></div><div class="field field-name-field-id field-type-text field-label-above"><div class="field-label">ID:&nbsp;</div><div class="field-items"><div class="field-item even">1732137810842813600</div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2024-11-20 00:26</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> NEW YORK: An Indian businessman who is one of the world’s richest people has been indicted in the US on charges he duped investors in a massive solar energy project in his home country by concealing that it was facilitated by alleged bribery.<br /> Gautam Adani, 62, was charged in an indictment unsealed Wednesday with securities fraud and conspiring to commit securities and wire fraud.<br /></p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/21/4547081-54088419.jpg" width="1129" height="753" alt="" title="Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Jan. 31, 2023. (Reuters)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/world">World</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/gautam-adani">Gautam Adani</a></div><div class="field-item odd"><a href="/tags/securities-fraud">securities fraud</a></div><div class="field-item even"><a href="/tags/bribery">bribery</a></div><div class="field-item odd"><a href="/category/tags/us">US</a></div><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Wed, 20 Nov 2024 21:27:08 +0000 rbksa 2580149 at /node/2579859/pakistan <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/124566">Arab News Pakistan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2024-11-19 05:45</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> ISLAMABAD: Pakistan will need an additional $191.8 billion between 2020-2050 to transition to a low-carbon energy system and meet its international climate commitments, an Asian Development Bank (ADB) report released this month said.<br /></p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/19/4546346-1531505162.jpg" width="1300" height="766" alt="" title="This picture taken on May 3, 2009 shows Pakistani technicians install a wind turbine at a remote subtropical island of Kharochhan, a land of creeks and mangroves couched on the cyclone belt of the Arabian Sea. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/Pakistan">Pakistan</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/wind-energy">wind energy</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item even"><a href="/tags/pakistan-economy">Pakistan economy</a></div><div class="field-item odd"><a href="/tags/asian-development-bank-adb">Asian Development Bank (ADB)</a></div></div></div> Tue, 19 Nov 2024 02:49:04 +0000 muhammad.ibrahim 2579859 at /node/2578870/pakistan <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/124566">Arab News Pakistan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-11-11 13:02</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> ISLAMABAD: One of Pakistan’s largest domestic cement producers, Lucky Cement, will set up a hybrid wind and solar power project under the Special Investment Facilitation Council (SIFC), state media said on Monday.<br /> Private investment is low and declining in Pakistan, which has very low rates of private investment relative to regional and comparable countries, around one-third of the South Asia average, according to World Bank data released in 2023. Private investment declined from an average of 13.7 percent of GDP in the 2000s to around 10 percent in FY21.<br /></p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/11/4543774-2066102347.jpg" width="1300" height="766" alt="" title="This picture taken on May 3, 2009 shows Pakistani technicians install a wind turbine at a remote subtropical island of Kharochhan, a land of creeks and mangroves couched on the cyclone belt of the Arabian Sea. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/Pakistan">Pakistan</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item odd"><a href="/tags/wind-energy">wind energy</a></div><div class="field-item even"><a href="/tags/lucky-cement-pakistan">Lucky Cement Pakistan</a></div><div class="field-item odd"><a href="/tags/special-investment-facilitation-council-sifc">Special Investment Facilitation Council (SIFC)</a></div></div></div> Mon, 11 Nov 2024 10:03:51 +0000 muhammad.ibrahim 2578870 at /node/2576806/saudi-arabia <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Fri, 2024-10-25 22:30</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ is embarking on a transformative journey to establish itself as a key player in the global renewable energy sector.</p> <p> With a goal of sourcing 50 percent of its electricity from renewable sources by 2030, the Kingdom is investing heavily in solar energy, capitalizing on its abundant sunlight. </p> <p> This commitment is part of the broader National Renewable Energy Program strategy, aimed at diversifying its energy portfolio and reducing reliance on fossil fuels.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/10/25/4538421-109851599.jpg" width="800" height="600" alt="" title="The Sakaka Solar farm in Al-Jouf province, the first project under the NREP, generates 300 MW. (Acwa Power photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/saudiarabia">¶¶Òõ¶ÌÊÓƵ</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/GreenAndBlue">Green &amp; Blue</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item even"><a href="/tags/saudi-power-procurement-company">Saudi Power Procurement Company</a></div><div class="field-item odd"><a href="/tags/editor%E2%80%99s-choice">Editor’s Choice</a></div></div></div> Fri, 25 Oct 2024 20:26:59 +0000 romulo 2576806 at /node/2569630/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2024-09-01 11:54</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi utility developer ACWA Power has signed financing agreements valued at SR9.7 billion ($2.58 billion) with a consortium of banks to develop three large-scale solar projects in the Kingdom. </p> <p> In a statement to Saudi stock exchange Tadawul, the Public Investment Fund-backed firm said that these projects, located in Haden, Muwyah, and Al-Khushaybi in the Makkah and Qassim provinces, will have capacities of 2,000 megawatts, 2,000MW, and 1,500MW, respectively. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/09/01/4519597-828927321.png" width="1000" height="529" alt="" title="ACWA Power is key in driving the Kingdom’s green energy initiatives and is expanding globally. ACWA Power" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/acwa-power">ACWA Power</a></div><div class="field-item odd"><a href="/category/tags/tadawul">Tadawul</a></div><div class="field-item even"><a href="/tags/energy-0">energy</a></div><div class="field-item odd"><a href="/tags/main">main</a></div><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item odd"><a href="/tags/renewable-energy">Renewable Energy</a></div><div class="field-item even"><a href="/tags/solar-power">solar power</a></div><div class="field-item odd"><a href="/tags/saudi-solar-energy">Saudi Solar Energy</a></div></div></div> Sun, 01 Sep 2024 08:59:20 +0000 sarah.glubb 2569630 at /node/2558796/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/225841">Reuters</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-07-29 17:16</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> MADRID: The UAE’s renewable energy company Masdar is seeking more opportunities in Europe’s green energy sector and will consider both minority investments and controlling stakes, its CFO said, following a deal last week with Spain’s Endesa.</p> <p> Masdar on Thursday agreed to pay €817 million ($887 million) for a 49.99 percent stake in 48 solar plants controlled by Endesa — a unit of Italy’s Enel — in Spain, with an overall capacity of 2 gigawatt.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/07/29/4491261-1821016679.jpeg" width="1080" height="1080" alt="" title="Masdar also signed an MoU with Endesa to explore an alliance to jointly develop renewable energy projects in Spain. (Masdar)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/masdar">Masdar</a></div><div class="field-item odd"><a href="/category/tags/uae">UAE</a></div><div class="field-item even"><a href="/category/tags/spain">Spain</a></div><div class="field-item odd"><a href="/tags/energy-0">energy</a></div><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item odd"><a href="/tags/endesa">Endesa</a></div><div class="field-item even"><a href="/tags/renewable-energy">Renewable Energy</a></div></div></div> Mon, 29 Jul 2024 14:21:51 +0000 sarah.glubb 2558796 at /node/2552216/saudi-arabia <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Fri, 2024-07-19 00:08</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Mindful of their carbon footprint, a growing number of people are opting to power their homes and businesses with solar photovoltaic systems rather than traditional energy sources. One Saudi startup is leveraging the power of artificial intelligence to help increase uptake.</p> <p> Solar PV systems are a type of renewable energy technology that converts sunlight into electricity, making it a sustainable and environmentally friendly alternative to fossil fuel-generated electricity. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/07/19/4473296-2103568964.jpg" width="798" height="578" alt="" title="Unlike traditional systems that require manual design and site inspections, OptimalPV’s AI software optimizes the design process to reduce costs. (OptimalPV photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/saudiarabia">¶¶Òõ¶ÌÊÓƵ</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/eye-ai">Eye On AI</a></div><div class="field-item odd"><a href="/tags/editor%E2%80%99s-choice">Editor’s Choice</a></div><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item odd"><a href="/tags/optimalpv">OptimalPV</a></div><div class="field-item even"><a href="/tags/garage">The Garage</a></div></div></div> <span class="label abs-el uppercase special"> Special </span> Thu, 18 Jul 2024 21:33:05 +0000 romulo 2552216 at /node/2550211/middle-east <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-07-15 20:21</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> AMMAN: Jordan’s Arab Renewable Energy Commission — AREC — and the American Solar Car Challenge Foundation — ASC — have entered into a memorandum of understanding to promote innovative initiatives aimed at enhancing vocational education in the Arab world.</p> <p> The partnership is designed to contribute to sustainable development and generate productive green job opportunities for recent graduates, Jordan News Agency reported on Monday.</p> <p> The MoU was signed in Dallas by ASC Founder Lehman Marks and AREC Secretary-General Mohammad Al-Ta’ani.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/07/15/4468026-347230145.jpeg" width="1280" height="854" alt="" title="The MoU was signed in Dallas by ASC Founder Lehman Marks and AREC Secretary-General Mohammad Al-Ta’ani. (Petra) " /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/middleeast">Middle-East</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/jordan">Jordan</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Mon, 15 Jul 2024 17:28:07 +0000 tamara.turki 2550211 at /node/2537216/pakistan <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/saima-shabbir">SAIMA SHABBIR</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2024-06-25 14:56</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif said on Tuesday no new duties would be imposed on solar panels, reiterating his government’s commitment to pursue renewable energy projects in a country considered one of the most vulnerable to climate change.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/06/25/4434211-403103649.jpg" width="1300" height="766" alt="" title="Technicians install solar panel plates on the rooftop of a house on a hot summer day in Karachi on May 27, 2024. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/Pakistan">Pakistan</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/solar-panels">solar panels</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Tue, 25 Jun 2024 12:01:45 +0000 kashaf.rehman 2537216 at /node/2520346/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2024-05-30 22:48</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ, the UAE, and Oman are set to lead the Middle East’s solar transition thanks to several key factors, according to a new report.</p> <p> In its latest analysis, Norwegian business intelligence and research company Rystad Energy stated that solar power is becoming increasingly important in the energy policies of Middle Eastern countries.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/05/30/4390446-536053505.jpg" width="1200" height="786" alt="" title="According to a report, Solar photovoltaics in ¶¶Òõ¶ÌÊÓƵ has achieved a world record-low levelized cost of electricity of $10.4 per megawatt-hour. (AN file photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/energy-transition">Energy transition</a></div><div class="field-item odd"><a href="/tags/green-energy">Green Energy</a></div><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Thu, 30 May 2024 19:56:54 +0000 romulo 2520346 at /node/2513711/pakistan <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/khurshid-ahmed-%C2%A0%C2%A0">KHURSHID AHMED   </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-05-20 18:08</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> KARACHI: Controversies about net-metering and imposition of a new tax have cast a cloud over Pakistan’s transition to solar energy despite the government’s ambitious plans, stakeholders said on Monday, adding the situation has left them in a state of uncertainty.</p> <p> Pakistan approved the net-metering policy in 2017 that allows consumers to sell excess electricity produced by their solar systems to power distribution companies, resulting in significant savings in their monthly bills.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/05/20/4372866-615872038.jpg" width="670" height="395" alt="" title="In this file photo, taken on March 10, 2012, a Pakistani company employee arranges a solar panel during a marketing demonstration in a park in Islamabad. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/Pakistan">Pakistan</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/solar">solar</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Mon, 20 May 2024 15:11:57 +0000 kashaf.rehman 2513711 at /node/2369096/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/124736">ARAB NEWS </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2023-09-07 13:16</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Dubai Electricity and Water Authority has awarded a contract worth 5.5 billion dirhams ($1.5 billion) to Abu Dhabi-based Masdar to construct the sixth phase of the 1,800 megawatt Mohammed bin Rashid Al Maktoum Solar Park.  </p> <p> At least 23 international companies participated in the bidding process, but Masdar was given the contract as it offered a levelized cost of energy of $1.621 cents per kilowatt hour, the lowest of any of DEWA’s solar independent power producer model projects to date, according to a press statement.  </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/09/07/3988891-1316585025.png" width="745" height="493" alt="" title="The agreement was signed by Ahmed bin Ahmed Al-Jaber, UAE’s minister of industry and advanced technology, and Saeed Mohammed Al-Tayer, managing director and CEO of DEWA. (Govt. of Dubai Media Office)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/mohammed-bin-rashid-al-maktoum-solar-park">Mohammed bin Rashid Al Maktoum Solar Park</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Thu, 07 Sep 2023 11:16:46 +0000 owen.bennett 2369096 at /node/2358226/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-08-20 14:57</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: In a major boost to ¶¶Òõ¶ÌÊÓƵ’s sustainability efforts, an ACWA Power-led consortium has secured financial closure for the Al-Shuaibah solar projects, with an investment of $2.37 billion, the company said in a press statement. </p> <p> Touted to be the world’s largest solar project with a capacity of 2,061 megawatts, Al-Shuaibah 1 and Al-Shuaibah 2 projects, located in Jeddah are expected to be operational by 2025, it added. </p> <p> Once completed, the solar project is expected to provide power to approximately 450,000 households, as stated in the press release.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/08/20/3960926-192219886.jpeg" width="1280" height="960" alt="Touted to be the world’s largest solar project with a capacity of 2,061 megawatts, Al-Shuaibah 1 and Al-Shuaibah 2 projects, located in Jeddah are expected to be operational by 2025. Supplied" title="Touted to be the world’s largest solar project with a capacity of 2,061 megawatts, Al-Shuaibah 1 and Al-Shuaibah 2 projects, located in Jeddah are expected to be operational by 2025. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/saudivision2030">SaudiVision2030</a></div><div class="field-item odd"><a href="/tags/acwa-power">ACWA Power</a></div><div class="field-item even"><a href="/tags/al-shuaibah">Al-Shuaibah</a></div><div class="field-item odd"><a href="/taxonomy/term/1996">solar energy</a></div><div class="field-item even"><a href="/tags/renewables">renewables</a></div><div class="field-item odd"><a href="/tags/saudi-aramco">Saudi Aramco</a></div><div class="field-item even"><a href="/tags/badeel">Badeel</a></div><div class="field-item odd"><a href="/tags/pif">PIF</a></div></div></div> Sun, 20 Aug 2023 12:01:34 +0000 shahrukh.jamshed 2358226 at /node/2335881/pakistan <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/124566">Arab News Pakistan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2023-07-11 16:34</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> ISLAMABAD: Pakistan’s top economic decision-making body for large-scale provincial projects approved a major solarization scheme for agricultural tube wells on Tuesday to facilitate the country’s farming community to ensure food security by endorsing Rs377 billion.</p> <p> The decision was taken in a meeting of the Executive Committee of the National Economic Council (ECNEC) that was chaired by finance minister Ishaq Dar and was attended by several senior government functionaries.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/07/11/3903331-433169351.jpg" width="1300" height="766" alt="" title="Students look at the facade of a building made with solar panels producing some 148 Kilowatts during its inauguration at the University of Engineering and Technology in Lahore on October 12, 2020. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/Pakistan">Pakistan</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/agriculture">Agriculture</a></div><div class="field-item odd"><a href="/tags/solar-power">solar power</a></div><div class="field-item even"><a href="/taxonomy/term/1996">solar energy</a></div></div></div> Tue, 11 Jul 2023 13:40:07 +0000 kashaf.rehman 2335881 at