Asia Energy Headlines International

IEA: Renewables, gas to reshape MENA’s energy future

The Middle East and North Africa (MENA) region has emerged as one of the fastest-growing electricity consumers since 2000, with demand tripling by 2024, according to a new report from the International Energy Agency (IEA). Rising populations, urbanization, and industrialization have fueled this surge, prompting governments to accelerate diversification of their energy mixes. The report […]

Africa Business Energy Headlines International

Sub-Saharan Africa holds $193bn renewables investment opportunity, high ROI, study shows

Sub-Saharan Africa offers opportunity for a $193-billion investment in renewable energy sector by 2031, including utility-scale wind, solar, storage and transmission projects, which may yield an internal rate of return of 15% to 21%, much higher than with similar projects in Europe and the United States, according to a new study. “Africa represents a significantly […]

Africa Energy Headlines International

Sub-Saharan Africa: Investment in renewables needs to increase five-fold to meet COP28 goals

Sub-Saharan Africa’s investment in renewable energy needs to be boosted five-fold to meet the commitment of increasing global clean energy capacity to 11,500 gigawatts by 2030, according to a recent study. At COP28, governments reached a consensus to triple global renewable energy installations by 2030, to cap global warming at 1.5°C. But for Sub-Saharan Africa […]

Business Emerging Markets Energy Finance Headlines International Morocco

MENA: Morocco in top five states generating electricity from solar power; third developing country attracting most investments in green energy

Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to a survey by the Emirati Energy platform, and according to the Global Investment for 2023 report published lately by the United Nations, the kingdom ranks among the top ten developing […]

Energy Headlines International Morocco

Morocco, Australia discuss cooperation in renewables & counterterrorism

Cooperation prospects between Morocco and Australia in renewable energy, green hydrogen and counterterrorism were at the center of talks held in Rabat by Australia’s assistant foreign Affairs minister Jim Watt with Moroccan government officials. On Tuesday, he was received by foreign minister Nasser Bourita. They discussed bilateral relations, common challenges and latest developments on the […]

Energy International

Egypt wooing six Saudi companies to invest in renewable energy

Egyptian Ministry of Electricity is in talks with six Saudi companies to implement renewable energy and green hydrogen generation projects. Egyptian Minister of Electricity Mohamed shaker is currently in Saudi Arabia for talks with six Saudi firms including ACWA Power, Alfanar, and Fas Holding. The official will be also meeting with Saudi financing entities to […]

Americas Energy Headlines International Morocco

Middle East Policy Council underscores Morocco’s renewable energy headway

The Middle East Policy Council zoomed on Morocco’s leadership in renewable energies, highlighting the country’s steady march to meet its ambitious goal of generating 52% of its electricity needs from renewables by 2030. In an interview with head of Morocco’s energy efficiency agency Said Mouline, the Washington-based think tank drew light on Morocco’s efforts since […]

Americas Energy Headlines International Morocco

US hails King Mohammed VI’s bold leadership making of Morocco a world leader in renewable energies

The US State Department hailed Wednesday the “bold leadership” of King Mohamed VI, making of Morocco a “world leader” in investing in renewable energy and in meeting its climate goals under the Paris Accords.   “Under the bold leadership of King Mohamed VI, Morocco has become a world leader in investing in renewable energy and […]

Energy Headlines Morocco

Noor Ouarzazate Solar Plant supplies electricity to nearly 2 Mln Moroccans, Minister Says

The Noor Ouarzazate solar power plant supplies nearly two million Moroccans with electricity and prevents the emission of nearly one million ton of greenhouse gas per year, Minister of Energy, Mines and Environment, Aziz Rabbah, said on Tuesday. Speaking at the 5th session of the United Nations Environment Assembly (UNEA), held remotely, Rabbah noted that […]

Energy Headlines Morocco

Morocco aims to reduce energy consumption by 20%

Morocco said it targets a reduction of 20% in its energy consumption by 2030 in tandem with a plan to generate 52% of its electricity needs from renewables, Energy Minister Aziz Rabbah said. Morocco has launched an energy transition process in 2009 to develop renewable energies and energy efficiency while strengthening regional energy integration, said […]