Two Point O Capital Raises $10 Million to Expand Clean Energy Portfolio

Gujarat Regulator Sets 1 MW Cap for Net Metering and Net Billing Projects

Terra Clean Floats EPC Tender for ISTS and InSTS-Connected Solar Projects

Uttarakhand Eases Rooftop Solar Agreement Requirements Under PM Surya Ghar

Central Power Regulator Approves Tariffs for 400 MW Solar Projects

ENGIE Commissions 450 MW Solar Projects in Rajasthan and Gujarat

Juniper Green Energy’s Q2 Revenue More Than Doubles to ₹3.45 Billion

Solarworld Acquires 50% Stake in 2.4 GW Solar Cell Manufacturing JV

SJVN’s Net Profit Doubles as Revenue Surges 117% in Q2 FY 2027

NTPC Green Energy’s Q2 Revenue Up 53% Amid Renewable Capacity Expansion


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/10/amazon_polly_107577.mp3?version=1793196821">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>Algeria</strong> plans to <a href="https://renewablesnow.com/news/algeria-to-add-2-4-gwp-of-large-solar-in-2027-plus-rooftop-off-grid-projects-1303605/" target="_blank" rel="noopener">commission</a> about 2.44 GW of solar capacity in 2027 under its national renewable energy program, following the commissioning of 760 MW. The additional capacity will come from 17 solar projects being developed under the country&#8217;s 3.2 GW solar initiative, aimed at strengthening electricity supply ahead of the summer of 2027. The initiative is a part of Algeria&#8217;s broader target of installing 15 GW of renewable energy capacity by 2035. Its initial phase comprises 21 solar projects across 14 provinces, with a combined capacity of 3.2 GW. Once commissioned, these projects are expected to account for about 13% of the country&#8217;s total installed power generation capacity.</p>
<p><strong>Norwegian</strong> renewable energy developer <strong>Scatec</strong> <a href="https://egyptoil-gas.com/news/ebrd-scatec-team-up-on-221-mn-egypt-clean-energy-platform/" target="_blank" rel="noopener">partnered</a> with the <strong>European Bank for Reconstruction and Development </strong>(<strong>EBRD</strong>) to establish an investment platform for solar, wind, and battery energy storage projects in <strong>Egypt</strong>. The platform, Egypt Renewables Holdings, will be owned 60% by Scatec and 40% by EBRD. The bank will commit up to $221 million, including $170 million in equity investment and the remainder in project-level guarantees. The partnership aims to support the development and financing of renewable energy projects nationwide.</p>
<p>The <strong>United Arab Emirates</strong> plans to <a href="https://tai.news/uae-to-pour-aed200-billion-into-clean-energy-by-2030/" target="_blank" rel="noopener">invest</a> up to AED200 billion (~$54.45 billion) in clean energy projects by 2030, according to <strong>Suhail bin Mohammed Al Mazrouei</strong>, the country&#8217;s Minister of Energy and Infrastructure. The proposed investment is intended to expand the country&#8217;s clean energy infrastructure to accommodate increasing electricity requirements driven by economic development and population growth. The initiative also aims to encourage greater private-sector participation in the energy industry.</p>
<p><strong>Türkiye</strong>-based <strong>Enerjisa Enerji Üretim</strong>, a joint venture between <strong>Sabanci Holding</strong> and <strong>Germany&#8217;s E.ON</strong>, plans to <a href="https://bioenergybusiness.com/sabanci-eon-30mw-solar-battery-storage-turkiye/" target="_blank" rel="noopener">invest</a> approximately TRY438 million (~$8.8 million) in a 30 MW solar project integrated with a 40 MWh battery energy storage system in Adana province, in the southern region of the country. The project will be developed in the Tufanbeyli district to supply electricity to mining operations associated with the Tufanbeyli thermal power plant. Construction and installation are expected to be completed within a year. The solar-plus-storage facility will operate independently of the national electricity grid and supply power directly to the industrial operations. The battery storage component will complement solar generation to support the facility&#8217;s electricity requirements.</p>


MENA Weekly Round-Up: Algeria Plans to Add 2.44 GW Solar Capacity in 2027


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/03/amazon_polly_92281.mp3?version=1774334187">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>Türkiye</strong> <a href="https://www.aa.com.tr/en/energy/solar/turkiyes-installed-solar-power-capacity-surpasses-25-000-megawatts/55717" target="_blank" rel="noopener">expanded</a> its solar energy capacity to 25,827 MW at the end of January 2026, from 40.2 MW in 2014. Solar accounted for 20.9% of total installed power capacity at the beginning of 2026. Solar electricity generation, which was 17 GWh in 2014, rose to 38,069 GWh by the end of 2025. Türkiye&#8217;s installed solar power capacity increased 641 times by the end of January 2026. The country plans to install 120,000 MW of installed solar and wind capacity by 2035.</p>
<p><strong>France</strong>-based energy transition company <strong>ENGIE</strong> <a href="https://en.newsroom.engie.com/news/engie-will-build-own-and-operate-its-largest-onshore-wind-farm-worldwide-in-egypt-898e1-314df.html" target="_blank" rel="noopener">signed</a> a power purchase agreement with the <strong>Egyptian Electricity Transmission Company</strong> to develop a 900 MW onshore wind farm near Ras Shokeir, in the Gulf of Suez, <strong>Egypt</strong>. The wind project will be set up under a 25-year build-own-operate program. It will be developed by a consortium comprising ENGIE (35%), <strong>Orascom Construction</strong> (25%), which will also execute all civil and electrical balance-of-plant works and supply local components, and <strong>Aeolus</strong> (40%), an African renewable energy independent power producer platform of <strong>Toyota Tsusho Corporation</strong>.</p>
<p>The financial close for the wind farm is expected by the early third quarter of 2026. The first wind turbines are expected to be delivered at the end of the year. The project will be commissioned in phases. Its first 300 MW is scheduled to come online in December 2027, and full commercial operation of the 900 MW capacity is expected to begin mid-2028.</p>
<p>The commercial-scale liquid hydrogen (LH₂) corridor <a href="https://www.zawya.com/en/projects/oil-and-gas/oman-europe-hydrogen-link-gains-steam-with-amsterdam-terminal-gh0gwyp2" target="_blank" rel="noopener">linking</a> <strong>Oman</strong> with the <strong>Netherlands</strong> and <strong>Germany</strong> is gaining momentum at the European end. Global energy logistics company <strong>Ecolog International</strong>, a key stakeholder in the transcontinental project, appointed two prominent engineering firms to develop a terminal at the Port of Amsterdam dedicated to the storage and handling of LH₂ and liquid carbon dioxide. The announcement comes nearly a year after Oman signed a joint development agreement to establish the LH₂  corridor. The corridor will enable the export of renewable fuels of non-biological origin-compliant LH₂ from the Port of Duqm to the Port of Amsterdam and key logistics hubs in Germany, including the Port of Duisburg, and onward to other European markets.</p>


MENA Weekly Round-Up: Türkiye’s Solar Capacity Expands to 25.8 GW


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/12/amazon_polly_87412.mp3?version=1764673780">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>A consortium comprising <strong>ACWA Power,</strong> <strong>Water and Electricity Holding Company</strong>, and <strong>Saudi Aramco Power Company</strong> <a href="https://www.zawya.com/en/projects/utilities/acwa-powerpifsapco-consortium-seal-82bln-financing-for-15gw-renewables-kyyftvvh" target="_blank" rel="noopener">achieved</a> financial closure of $8.2 billion for seven large-scale renewable energy projects with a cumulative capacity of 15 GW. This capacity comprises 12 GW of solar and 3 GW of wind projects. These projects are expected to be operationalized between the second half of 2027 and the first half of 2028. The Saudi Power Procurement Company will offtake the entire capacity.</p>
<p>The <strong>United Arab Emirates</strong> <a href="https://gulfnews.com/uae/government/uae-allocates-1-billion-to-support-energy-sector-in-yemen-1.500366049#:~:text=ABU%20DHABI%20Following%20the%20directives,%241%20billion%20to%20support%20the" target="_blank" rel="noopener">announced</a> the launch of energy projects worth $1 billion in Yemen to support the rebuilding of its energy sectors. Abu Dhabi firm Global South Utilities will implement the projects. The portfolio of projects would include wind and solar projects, as well as the development of distribution networks in the country.</p>
<p><strong>Türkiye</strong>&#8216;s <strong>Renewable Energy Resource Zone</strong> <a href="https://www.aa.com.tr/en/energy/general/turkiyes-yeka-tender-draws-400-million-in-solar-investment/53132" target="_blank" rel="noopener">announced</a> that its eight solar tenders attracted about $400 million in investment and allocated 650 MW of capacity. Energy and Natural Resources Minister of Türkiye, Alparslan Bayraktar, said that 77 bids were received for the tenders. The Minister added that Türkiye is working on various methods and business models to tap its wind, solar, geothermal, and other renewable energy potential. After the wind tenders scheduled for December by Türkiye are finalized, the country’s awarded capacity is expected to reach nearly 4 GW.</p>
<p><strong>AB Energy</strong>, an <strong>Oman</strong>-based renewable energy technology company, <a href="https://www.zawya.com/en/economy/gcc/pact-for-manufacture-of-mobile-solar-power-plants-in-oman-twy09mw3" target="_blank" rel="noopener">announced</a> a partnership with <strong>China</strong>-based <strong>Wuxi Longmax Technology</strong> to support the development, manufacture, and assembly of a mobile solar power project in the country.</p>
<p><strong>Morocco</strong>’s Minister of Investment, Convergence, and the Evaluation of Public Policies <a href="https://micepp.gov.ma/en/le-ministere/actualites/tan-tan-agreement-signed-gpm-holding-sa-build-moroccos-first-green" target="_blank" rel="noopener">signed</a> an investment agreement with <strong>GPM Holding SA</strong> to establish a green polysilicon production unit in the country’s El Quatia industrial zone. The project will be established with an investment of AED 8 billion (~$2.17 billion).</p>


MENA Weekly Roundup: Saudi Raises $8.2 billion for 15 GW Solar, Wind Projects


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/08/amazon_polly_83015.mp3?version=1754998547">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>Bahrain’s Electricity and Water Authority (EWA)</strong> <a href="https://www.bna.bh/en/EWAlaunchesBahrainsfirstsolarpowerplant.aspx?cms=q8FmFJgiscL2fwIzON1%2BDh1uISeLiT2tI0kAhrUq3Dg%3D" target="_blank" rel="noopener">announced</a> the commencement of work on the country’s first solar project. The project has a planned production capacity of 150 MW. It will be developed in partnership with the private sector and is a part of Bahrain’s target of reaching net-zero carbon emissions by 2060. EWA stated that the solar project will be in the country’s southern region, near Bilaj Al Jazayer.  EWA plans to launch a global marketing exercise on August 14 to help advance the project’s development process. The exercise will involve engagement with local and international developers and stakeholders.</p>
<p><strong>Masdar</strong> and the <strong>EDF Group</strong>’s joint venture, <strong>Emerge</strong>, <a href="https://www.msn.com/en-ae/news/other/emerge-emirates-development-bank-to-collaborate-on-developing-financing-solar-projects-in-uae/ar-AA1K5LMn" target="_blank" rel="noopener">signed</a> a memorandum of understanding (MoU) with the <strong>Emirates Development Bank (EDB)</strong> to explore collaboration areas for developing and financing distributed solar projects in the <strong>United Arab Emirates</strong>. The MoU will allow Emerge to identify and present renewable energy project financing opportunities. EBD will evaluate these opportunities and explore possible tailored financing solutions.</p>
<p><strong>China</strong>-based <strong>LONGi</strong> <a href="https://www.longi.com/en/news/1mw-rooftop-project-in-jordan/" target="_blank" rel="noopener">delivered</a> its Hi-MO X10 modules to the 1 MW rooftop array, providing electricity to the Izdehar Carton Factory in Muqqar, <strong>Jordan</strong>. The Izdehar Carton Factory is LONGi’s Hi-MO X10 technology’s largest single-site deployment to date. The array comprises over 1,500 panels, spanning 10 donums (approximately one hectare) on the factory’s roof.</p>
<p>The <strong>Egyptian Industrial Investment Group (EIIG)</strong> will <a href="https://www.msn.com/en-gb/money/other/egypt-s-renewables-capacity-to-get-300m-boost/ar-AA1JV5Cf#:~:text=Investment%20in%20the%20project%20will,of%20the%20national%20power%20capacity." target="_blank" rel="noopener">launch</a> a large renewable energy project in collaboration with an international company. Investment in the project is expected to range from $250 million to $300 million. The country’s government aims to attract EGP100 billion (~$2.06 million) from the private sector within the next two years for renewable energy projects.</p>
<p><strong>Saudi Arabia</strong>-based <strong>ACWA Power </strong><a href="https://www.enerdata.net/publications/daily-energy-news/acwa-power-secures-noor-midelt-ii-iii-solarbess-projects-morocco.html#:~:text=Training-,ACWA%20Power%20secures%20Noor%20Midelt%20II,solar%2BBESS%20projects%20(Morocco)&amp;text=ACWA%20Power%20has%20been%20awarded,of%20800%20MW%20in%20Morocco." target="_blank" rel="noopener">secured</a> contracts to develop and operate the Noor Midelt II and Noor Midelt III solar projects in <strong>Morocco</strong>, having a combined 800 MW capacity on a build-own-operate basis. ACWA Power signed the 30-year power purchase agreement with the Moroccan Agency for Sustainable Energy. These projects were originally designed as hybrid solar-concentrated solar power systems of 500 MW with a storage capacity. Currently, each project comprises 400 MW of solar and 230 MW/620 MWh of battery energy storage system capacity.</p>


MENA Weekly Roundup: Bahrain Begins Work on 150 MW Solar Project

<p>The Emirates Water and Electricity Company (EWEC), Abu Dhabi’s state-owned water and electric utility has invited expressions of interest (EoI) for the development of 2 GW of solar power projects at Al Dafra, 50 kilometers from Abu Dhabi.</p>
<p>A special purpose vehicle (SPV) will be incorporated under the laws of United Arab Emirates and a developer or a consortium can own up to 40 percent of the 2 GW independent solar power projects. The remaining equity will be held directly or indirectly by Abu Dhabi Power Corporation (ADPC) and other Abu Dhabi government entities.</p>
<p>The brief scope of work includes the development, financing, construction, operation, maintenance, and ownership of the 2 GW solar power projects.</p>
<p>The SPV will enter into power purchase agreement with EWEC as the procurer. It is a wholly owned subsidiary of ADPC. In the PPA, the procurer will only pay for the net electrical energy supplied by the solar projects.</p>
<p>The last date to submit EoI is March 5, 2019.</p>
<p>EWEC replaced the earlier Abu Dhabi Water and Electricity Company (ADWEC), that was merged within the Ministry of Energy in 2018.</p>
<p><a href="https://mercomindia.com/uae-phase-four-concentrated-solar/" target="_blank" rel="noopener">In March 2018</a>, Mercom reported that the Mohammed bin Rashid Al Maktoum Solar Park was set to become the largest single-site solar park in the world based on the Independent Power Producer model. The solar park is set to generate 1,000 MW by 2020 and 5,000 MW by 2030 and once completed, the project is expected to provide clean energy to over 270,000 residences in Dubai and eliminate 1.4 million tons of carbon emissions per year.</p>
<p><a href="https://mercomindia.com/csp-project-dubai-solar-pv/" target="_blank" rel="noopener">In November 2018,</a> Dubai Electricity and Water Authority (<a href="https://www.dewa.gov.ae/" target="_blank" rel="noopener">DEWA</a>) signed an agreement to add 250 MW of solar photovoltaic at the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This increased the total capacity of the solar park from 700 MW to 950 MW.</p>
<p>The agreement was amended to include power purchase agreement with the consortium led by Saudi Arabia’s ACWA Power which also includes China’s Shanghai Electric for the additional 250 MW solar PV to be developed for a tariff of $0.024/kWh</p>


united-arab-emirates

Get the most relevant India solar and clean energy news.

RECENT POSTS