Abu Dhabi-based energy firm Masdar and state-run utility Costa Rican Electricity Institute (ICE) have signed an MoU to share technical knowledge and project experience for renewable energy development.
Lebanon could reconfigure its laws and regulations to allow private sector actors to generate renewable energy for sale to the grid, it emerged as the Middle Eastern country opened up its first solar-plus-storage tender process.
Masdar, the Abu Dhabi Future Energy Company, has signed a memorandum of understanding with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between South Korea and the UAE.
Private equity fund SoftBank Vision Fund has officially signed off on a Memorandum of Understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
Interest in energy storage in the Middle East is ‘ramping up significantly’, as we reported last week in an extract from this interview with IHS Markit analyst Julian Jansen. His firm is forecasting 1.8GW of energy storage for the region by 2025 – from an installed base of next-to-nothing today. Jansen talked us through some of the drivers, market dynamics and the general picture of what we might see developing.