Recently, the world's largest photovoltaic (PV) and energy storage project was awarded to a consortium including several Chinese companies. The USD6 billion project in Abu Dhabi is being developed by Masdar Clean Energy, also known as Abu Dhabi Future Energy.
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Tehran: Iran is targeting about $30 billion (Dh110. 19 billion) in investment by offering 70 oil and natural gas projects to international companies as the Arabian Gulf country anticipates the lifting of economic sanctions.
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In this week's roundup of power project financing and development: Avantus secures $300M for solar and storage, Pivot and Microsoft finance community initiatives, PFIFFNER Group breaks ground in Georgia, Qnetic raises funds for flywheel energy storage, and Recurrent.
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Solar parks and grid-scale batteries are set to deliver significant new capacity to South Africa's grid in 2026. Several major renewable energy projects currently under construction will go live this year, according to industry organisation Sapvia.
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