Saudi-listed Acwa has reached the Project Commercial Operation Date (PCOD) for the utility systems serving The Red Sea destination, marking the first time a giga-project in Saudi Arabia has brought its entire utility infrastructure into commercial operation using only renewable energy and without support from the national grid.
Renewable energy sources accounted for 54.1 per cent of electricity generated in the European Union (EU) in the second quarter of 2026, slightly down from 54.3 per cent in the same period of 2025, according to Eurostat.
Riyadh Cement Company said it had signed an agreement with Samana Energy, a leading IPP specialising in renewable energy and sustainable solutions, to purchase solar-generated electricity for a 25-year period. The power generation system is expected to begin operations in Q4 2027.
King Fahad Industrial Port in Yanbu has received nine wind turbines and related equipment aboard the Pacific Titan to support Saudi Arabia’s renewable energy expansion and upcoming Starah and Shaqra wind projects under the National Renewable Energy Programme.
Saudi-listed Acwa has signed an MoU with Korea Western Power (KOWEPO) to explore renewable energy opportunities in Uzbekistan. Signed in Tashkent, the agreement covers potential cooperation in renewable energy, energy storage and related infrastructure projects.
Indonesia is positioning renewable energy, digital technology, agriculture and electric vehicle (EV) downstreaming as key sectors for European Union investment ahead of the planned 2027 implementation of the Indonesia–EU Comprehensive Economic Partnership Agreement (IEU-CEPA).
The International Renewable Energy Agency (Irena) has invited public and private sector renewable energy developers in Central America and the Caribbean to submit project proposals for potential financing through its Climate Investment Platform (CIP) and Energy Transition Accelerator Financing (ETAF) platform.
Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction.
Eni Storage Systems has begun building an LFP battery hub in Brindisi, Italy, targeting 16 GWh annual capacity by 2030. The project will support renewable energy storage, grid stability, and Europe’s growing BESS market.
Italy’s electricity generation mix shifted in 2025, with renewable energy output falling by 1.5 per cent while thermal power generation increased by 5.2 per cent, contributing to a 2.4 per cent rise in overall electricity production, according to a report by the Regulatory Authority for Energy, Networks and Environment (ARERA).
