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News
SAR 4.35 bn in battery storage deals
3+ hour, 33+ min ago (142+ words) Renewables rollout: The Saudi Power Procurement Company (Principal Buyer) has signed four storage service agreements for battery energy storage system projects with a combined capacity of 2 GW over four hours, involving investments of more than SAR 4.35 bn, the Ministry of…...
Scatec’s 1.1 GW Obelisk hybrid solar project now fully operational
1+ week, 3+ day ago (1734+ words) Thursday, 13 Aug 2026 WHAT WE’RE TRACKING TODAY Good morning, friends. Ambition is meeting execution in today’s issue across three stories in renewables, corporate governance, and tourism. Starting with Obelisk: Scatec has brought its 1.1 GW Obelisk solar-and-battery project in Nagaa Hammadi fully…...
Gov’t weighs 5% tariff on imported EVs to protect local assembly
1+ week, 4+ day ago (93+ words) The government is considering imposing a 5% customs tariff on fully imported electric vehicles (EVs) for the first time, looking to protect the domestic assembly market. The finance, investment, and industry ministries are still assessing the proposal before sending it to…...
Unlocking solar at Abu Zenima
3+ week, 5+ day ago (1715+ words) Tuesday, 28 Jul 2026 WHAT WE’RE TRACKING TODAY Good morning, everyone. We have two infrastructure stories today, one about unlocking a single industrial zone and one about redesigning how Egypt finances infrastructure altogether. Karm Holding is trying to make a new solar…...
Oman opens renewable power market to direct private sales
1+ mon, 23+ hour ago (254+ words) EnterpriseAM Available in your choice of English or Arabic Renewable energy producers in Oman can now sell electricity directly to large industrial and commercial users, after regulators dismantled a two-decade-old structure that required energy to be sold through a single…...
Solar and wind projects in the Gulf of Suez are getting a new EGP 20 bn link to the national grid
1+ mon, 3+ day ago (224+ words) The Gulf of Suez is reportedly getting a new EGP 20 bn route into the national grid. An Egyptian-Emirati consortium led by Intelligent Globe Construction Egypt will build a 500 kV transmission line linking solar and wind projects in the Gulf of…...
Hero deepens EV push with over USD 100 mn Ather investment
1+ mon, 1+ week ago (250+ words) Indian two-wheeler manufacturer Hero MotoCorp will invest up to INR 10 bn (USD 104 mn) in EV maker Ather Energy through an allcash preferential allotment, according to an exchange filing (pdf). The Abu Dhabi Investment Authority (Adia) picked up a stake worth…...
Egypt’s auto market cools in April as buyers digest 1Q pull-forward
2+ mon, 6+ day ago (136+ words) MEANWHILE- The Industry Ministry is trying to close auto import loopholes. To stop unregulated importers from squeezing out local manufacturers, the ministry is changing car import quotas for merchants, disabled citizens, and personal use. EV drop, but undercounted On the…...
TODAY: Oman’s solar ambitions get a USD 1.6 bn manufacturing boost
7+ mon, 1+ day ago (934+ words) Good morning, folks. We’re heading into the weekend with a meaty issue, led by big projects’ updates from Oman and Egypt, as well as positive news on the global front with a big funding round for an autonomous logistics venture…...
Will Saudi’s renewables target hit a supply chain wall?
4+ mon, 3+ week ago (472+ words) Saudi is on track to miss its ambitious renewables target, something that’s now exacerbated by unprecedented supply chain disruptions. Analysts at GlobalData expect the Kingdom to reach some 74.2 GW of renewables capacity by 2030, well below its target of 130 GW. Where…...