Browsing: Middle east

Jordan has signed a memorandum of understanding with the European Bank for Reconstruction and Development to support its goal of sourcing 50 percent of energy from renewables by 2033 through a more integrated approach combining project financing, regulatory reform, and infrastructure development.

Saudi Arabia is moving to procure 12,000 MWh of battery storage capacity in a single tender round, signaling a material shift in how the Kingdom balances renewable expansion with grid stability. The initiative, led by Saudi Power Procurement Company, introduces six large-scale Battery Energy Storage System projects, each rated at 500 MW with four-hour discharge capability, bringing the total to 3,000 MW of capacity.

Before the Hormuz closure, approximately 20 million barrels of oil transited the strait every day. By the time Fatih Birol…

Topsoe has signed a Front-End Engineering Design agreement with Hynfra for the planned Jordan Green Ammonia project located at the port of Aqaba in Jordan.

Oman is advancing a structured national approach to storage development, supported by the International Renewable Energy Agency, as it seeks to align system flexibility with accelerating renewable capacity additions.

TotalEnergies and Masdar have agreed to form a $2.2 billion joint venture to consolidate their onshore renewable portfolios across nine…

Global renewable power capacity reached 5,149 gigawatts (GW) by end-2025, following a record 692 GW addition that marked a 15.5% annual increase, with renewables capturing 85.6% of all new capacity expansions.

Global LNG markets are operating under an extreme stress test as tanker traffic through the Strait of Hormuz collapses from an average of 94 vessels per day to just over five in early March 2026, with LNG and oil tanker flows falling from more than 53 per day to roughly two.

Tensions around the Strait of Hormuz continue to expose a structural weakness in global logistics: a freight system still overwhelmingly dependent on diesel.

Recent internal discussions at major financial institutions reveal a stark divergence between public narratives and institutional risk management. During a…