Middle East

IEEFA Research

IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink

IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink

Hope springs eternal for Chinese demand but reality suggests bleak forecast for new projects

October 19, 2020 (IEEFA)— The Conference Board of Canada, an Ottawa-based research organization, has doubled down on a bad hand, according to an analysis by the Institute for Energy Economics and Financial Analysis. The Conference Board’s report, A Rising Tide: The Economic Impact of B.C.’s Liquified Natural Gas Industry, claims an expansion of the British […]

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →
IEEFA update: Aftermath of Saudi oilfield bombings sound warnings for future volatility

IEEFA update: Aftermath of Saudi oilfield bombings sound warnings for future volatility

State-owned oil interests hold back global progress on climate change

September 24, 2019 (IEEFA) – The recent bombings of Saudi Arabia’s oilfields boosted energy stocks globally only to return to previous levels a few days later. The fleeting jump in oil prices confirmed the over-abundance of supply as well as the need to reduce reliance on fossil fuels, according to a briefing note released today […]

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Iran signs deal for 10 gigawatts of renewable power plants

Modern Diplomacy: Iranian Energy Ministry and some of the country’s private contractors signed memorandums of understanding (MOU) on Sunday for cooperation in the construction of renewable power plants to generate 10,000 megawatts (10 gigawatts) of electricity across the country. The signing ceremony was attended by senior energy officials including Energy Minister Ali-Akbar Mehrabian and Head […]

January 4, 2022 Read More →

Largest energy storage system to date signed in Israel

Renewable Energy Magazine: Sungrow and Enlight Renewable Energy, signed a joint agreement in which Sungrow will supply Enlight with 430 MWh of its flagship liquid cooled energy storage system (ESS). The contract is the largest ESS agreement signed to date in Israel, bolstering the country’s energy transition and marking a massive scale-up in installations for […]

January 4, 2022 Read More →

Iran admits renewable lag, plans 10,000 new megawatts in four years

Tehran Times: Following the Energy Ministry’s public call for the contribution of private companies in a project for developing renewable power plants in the country, so far requests for the construction of 80,000 megawatts (80 gigawatts) have been submitted to the ministry, a senior energy official announced. According to the Head of Renewable Energy and […]

December 6, 2021 Read More →

Six more countries, including France, join alliance to ban oil and gas

Reuters: A fledgling international alliance to halt new oil and gas drilling added six members on Thursday during the U.N. climate conference but did not get the support of any major fossil fuel producers or the British government, host of the talks. The absence of more widespread backing reflects the difficulty of imposing blanket policies […]

November 12, 2021 Read More →

India, UK to launch 140-nation transnational renewable grid project

PV Tech: India and the UK will launch a transnational and transcontinental grid project, the Green Grids Initiative-One Sun One World One Grid (GGI-OSOWOG or OSOWOG), at COP26 tomorrow. The project aims to connect the grids of 140 countries, harness the power of the sun all day long and exploit geographical differences in radiance throughout […]

November 1, 2021 Read More →

United Arab Emirates becomes first Gulf petrostate to pledge net zero

Bloomberg ($): The United Arab Emirates has become the first of the Persian Gulf’s petrostates to commit to eliminating planet-warming emissions within its borders. “We are committed to seize the opportunity to cement our leadership on climate change within our region and take this key economic opportunity to drive development, growth and new jobs,” said […]

October 8, 2021 Read More →

Iraq announces plans to use clean energy to support gas projects

Asharq Al-Awsat: Iraq’s Oil Minister Ihsan Abdul Jabbar announced Saturday that Iraq would rely on green energy to invest in gas and produce renewable energy. During his participation at a workshop organized by the International Energy Organization (IEA), the Minister stressed the government and ministry’s keenness on supporting clean energy projects. This support is represented […]

September 13, 2021 Read More →

Iraq urges other OPEC nations to move to renewable energy production

The Guardian: The finance minister of Iraq, one of the founding members of the global oil cartel Opec, has made an unprecedented call to fellow oil producers to move away from fossil fuel dependency and into renewable energy, ahead of a key Opec meeting. Ali Allawi, the deputy prime minister and finance minister of Iraq, […]

September 1, 2021 Read More →

Aramco makes first investment into Saudi renewables program

S&P Global Platts ($): Saudi Aramco is investing, alongside the country’s sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter’s largest solar project with a capacity of 1.5 GW as the world’s biggest energy company makes a push into renewables. The Saudi Aramco Power Co., a unit of the parent company, has joined […]

August 16, 2021 Read More →

First power begins flowing from Saudi Arabia giant wind farm

ReNews.biz: A consortium of Masdar and EDF Renewables has delivered first power from the 415MW Dumat Al Jandal wind farm in Saudi Arabia. Dumat Al Jandal will comprise 99 Vestas V150-4.2MW turbines when fully complete next year. Vestas is installing the hardware as part of an engineering, procurement and construction contract secured in July 2019. […]

August 10, 2021 Read More →