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Cyprus has taken a major step towards easing grid constraints, signing contracts on 23 June for its first utility-scale battery energy storage systems (BESS). The country’s renewables rollout has outpaced upgrades to its transmission and distribution systems, with a growing share of generation being curtailed as a result. The €50mn ($57mn) contract awards aim to bring 120MW/400MWh of centrally managed storage capacity online by summer 2027 to help address this issue. The project comprises three battery systems to be installed at high-voltage substations in Athalassa (Nicosia), Larnaca Free Zone and Paphos. Operated by the Transmission System Operator (TSO), the units…
TotalEnergies SE has sold its 170-megawatt portfolio of distributed solar generation assets in Europe. The assets were acquired by Amarenco and AMPYR Distributed Energy, who will continue operations and supply existing customers. TotalEnergies did not disclose the financial terms of the transaction. The divested solar assets are located across France, Belgium, the Netherlands, Spain, Portugal, Britain, and Luxembourg. Distributed solar projects, typically under 3 megawatts and often installed on rooftops, have been identified by TotalEnergies as less aligned with its strategic focus. The company is shifting its priorities toward large-scale renewable projects, aiming to expand its global renewable energy capacity…
Telecoms group agrees binding deal to sell its entire 16.21% Vodafone holding, marking the latest step in a portfolio reset that has also seen it trim its Careem stake Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Pressure is building on costs as work continues across the region Source link
The state energy enterprise divided the construction scope of work on the Ras Laffan village project into seven packages, and recently awarded contracts for all packages to local contractors Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Preliminary indicators point to growing interest from Egyptian and international mining companies in the investment opportunities in gold, minerals, and ores recently offered under the Open Blocks Licensing Program (OBLP), Minister of Petroleum and Mineral Resources Karim Badawi affirmed. In a meeting with Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), to review the status of applications, Badawi noted that investor appetite reflects rising confidence in Egypt’s mining investment climate, according to a statement by the Ministry. The OBLP, introduced by the MoPMR in 2024, enables companies to nominate and bid for exploration opportunities in oil,…
ADGM-based platform targets $5bn in assets under management within four years, offering institutions access to the developer’s AED130bn ($35bn) pipeline Source link
Thousands of cancelled flights, soaring fuel costs and disrupted airspace put Gulf aviation under unprecedented pressure Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
