Keywords: Renewable energy


Gulf states accelerate overseas renewable investments amid Hormuz crisis

As military tensions around the Strait of Hormuz entered a third month, Gulf oil-producing states intensified investments in renewable energy projects abroad. The move reflects growing efforts to reduce exposure to disruptions that have constrained hydrocarbon exports and reshaped energy priorities across......

Drax strengthens renewable energy portfolio with Bluefield Solar acquisition

British energy company Drax has agreed to acquire Bluefield Solar Income Fund (BSIF) in a transaction valued at approximately £561 million, including a permitted dividend. The deal represents a significant step in Drax’s strategy to expand its renewable energy assets and support the United......

Africa receives only a tenth of required climate finance

Africa faces a widening gap between climate commitments and available funding. A new policy analysis by Harrison Rehoboth Consulting, based on data from the Climate Policy Initiative, estimates that the continent needs about 2.8 trillion dollars between 2020 and 2030 to meet its Paris Agreement goals.......

France’s Eiffage to build Morocco Noor Atlas solar plants

Construction has begun on a major solar energy initiative in Morocco involving four photovoltaic power plants under the Noor Atlas program, marking a new phase in the country’s renewable energy expansion. Eiffage, through its energy systems subsidiary, is responsible for the design, supply, construction,......

AfDB and OCP sign €450 million green credit guarantee to support sustainable investment program

The African Development Bank (AfDB) and the OCP Group have signed a €450 million partial credit guarantee agreement aimed at supporting the company’s large-scale investment program in Morocco. The agreement, signed in Rabat, is designed to facilitate a €530 million green financing package......

Morocco approves 3,000 MW of renewable energy projects in early 2026

Morocco has approved large-scale energy projects totaling around 3,000 megawatts during the first quarter of 2026, marking a significant acceleration in the country’s power sector expansion. The announcement was made during a parliamentary session focused on national energy policy and investment......

Solar set to become world’s top energy source by 2032, BNEF says

BloombergNEF said solar power is on track to become the world’s largest source of electricity by 2032, according to its New Energy Outlook 2026 published Monday. The report forecasts that rapidly falling costs and persistent overcapacity in manufacturing will accelerate global deployment of solar......

Canada approves redevelopment of Hope Bay gold mine in the Arctic

The Canadian government has confirmed plans for the redevelopment of the Hope Bay gold mine in the Arctic region of Nunavut, marking a significant step in the expansion of the country’s mining industry in remote northern territories. The project will be led by Agnico Eagle Mines Ltd, one of the......

Ford signs major energy storage partnership with EDF

Ford Motor Company has announced a new five-year agreement with EDF to supply large-scale battery energy storage systems for renewable energy projects. The partnership highlights the growing demand for energy storage technologies as countries expand investments in clean electricity and digital infrastructure. Under......