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  • Iraq Aims to Go Nuclear to Resolve Crippling Power Shortages

    Iraq is working on a plan to build nuclear reactors as the electricity-starved petrostate seeks to end the widespread blackouts that have sparked social unrest. OPEC’s No. 2 oil producer -- already suffering from power shortages and insufficient investment in aging plants -- needs to meet an expected 50% jump in demand by the end of the decade. Building atomic plants could help to close the supply gap, though the country will face significant financial and geopolitical challenges in bringing its plan to fruition.

  • Saudi Arabia to organise with E1 world racing championship for electric-powered boats

    Saudi Arabia’s Public Investment Fund announced on Monday a partnership with electric speed-boat designer E1 Series to organise a world racing championship for this type of craft.

  • Temperature rising in south Yemen as rivalries fuel power shortage

    In Yemen's southern port city of Aden, Nawfal al-Mojamal struggles to keep Soviet-era machinery running at the main power plant as electricity outages fray the nerves of residents already fed up with poor services and political wrangling. Only two turbines out of five at the diesel-fired al-Hasswa plant are still running, producing up to 50 megawatts (MW) of power in a region where the deficit hovers around 300 MW. Piles of trash make the building seem abandoned and dust and diesel particles fill the air.

  • Biofuel deal signed to power transport on Saudi tourism mega project

    Once complete, the destination will become the first project of its scale in the world to be entirely powered by a range of renewable and sustainable energy sources, including biofuel. As part of the agreement with ACWA Power, Neutral Fuels biofuel is set to fuel the site’s entire transportation network.

  • Solar manufacturers face last day to submit bids for Saudi solar power project

    The bid deadline, which was originally set for May 24, has been extended to today due to the pandemic. Solar manufacturing companies, such as UAE-based Masdar and Chinese Jinko Solar, will have a final opportunity to bid on contracts for the construction of solar photovoltaic independent power projects in the cities of Al-Rass and Saad. The renewable project will be regulated by the National Reneweble Energy Programme (NREP), an initiative under the Saudi Arabian Ministry of Energy.

  • Acwa Power signs deal with Neutral Fuel to supply biofuel for Saudi Arabia’s Red Sea project

    Saudi Arabia’s Acwa Power signed an agreement with Dubai-based Neutral Fuels to supply net-zero biofuel – a clean form of fuel that lowers emissions – to power the kingdom’s tourism project on the Red Sea coast. The biofuel produced by Neutral Fuels will power the site’s entire transportation network and will contribute to the tourism project's efforts to be sustainable, the two companies said in a statement on Tuesday.

  • Iran Nuclear Talks Extended as World Powers Try to Bridge Rifts

    Rabiei didn’t give further details but his comments echo a statement from Iran’s lead negotiator, Abbas Araghchi, who told Iranian state TV on Monday that the talks were complicated and diplomats would probably need more time to resolve outstanding issues.

  • OPEC, Russia seen gaining more power with Shell Dutch ruling

    Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.

  • Solar Power’s Decade of Falling Costs Is Thrown Into Reverse

    Solar module prices have risen 18% since the start of the year after falling by 90% over the previous decade. The reversal, fueled by a quadrupling in the cost of the key raw material polysilicon, threatens to delay projects and slow uptake of solar power just as several major governments are finally throwing their weight behind it in an effort to slow climate change.

  • Oil Majors Look to Fill Businesses’ Growing Appetite for Green Power

    European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to big corporate buyers like Amazon.com Inc. and Microsoft Corp. , treading into the domain of traditional power companies.