UK steelmakers now pay up to 77% more for electricity than French and German rivals as Middle East conflict drives wholesale prices higher. UK Steel welcomes BICS but demands urgent action on wholesale power costs. Read more: UK steelmakers face 77% electricity price gap as Middle East war deepens competitiveness crisis
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The IMF has slashed Britain’s growth forecast by 0.5 points — the sharpest G7 downgrade — as Rachel Reeves arrives in Washington with inflation nearing 4%. Read more: Reeves flies into Washington as IMF brands Britain the G7’s biggest loser
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ScottishPower secures £600m from the National Wealth Fund for Eastern Green Link 4, a 2GW subsea cable boosting UK energy security and clean power capacity. Read more: ScottishPower secures £600m backing for major UK subsea power link
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Analysts have said China should reach a 40 per cent renewable share by 2030 to be on track to meet its goal of carbon neutrality by 2060 The post China to build 15 more ultra-high voltage power lines over next five years appeared first on Gulf Business.
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Abu Dhabi, UAE — 29 Jan 2026 — The UAE Ministry of Energy and Infrastructure and Agility have signed a Memorandum of Understanding (MoU) to collaborate on advancing energy efficiency and economic performance across data centers and district cooling operations in the UAE; strengthening the UAE’s competitiveness regionally and globally. The MoU was signed by His Excellency Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the UAE Ministry of Energy and Infrastructure, and Tarek Sultan, Chairman of Agility. As part of the collaboration, Agility will draw on control system technology developed by Phaidra,
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Abu Dhabi, UAE – 16 January 2026: During Abu Dhabi Sustainability Week 2026, Abu Dhabi National Energy Company PJSC (“TAQA”), along with Emirates Water and Electricity Company (“EWEC”), Abu Dhabi Future Energy Company (“Masdar”), EDF power solutions, and Jinko Power Technology Co. Ltd (“Jinko Power”), together announced the issuance of long-term Green Bonds to refinance Al Dhafra Solar Photovoltaic (PV) Independent Power Plant amounting to a total of US $870.75 million (AED 3.2 billion). The issuance has a coupon of 5.794% and maturing in June 2053. The Green Bonds are expected to be rated A3 by Moo
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Opening Abu Dhabi Sustainability Week 2026, HE Dr Al Jaber hails a new era of human progress, defined for the first time by computational power and digital capability New era will see exponential energy demand growth, with data center power requirements set to rise over 500 percent, air travel double, and cities expand by 1.5 billion people Artificial intelligence must be powered by actual energy, with 70 percent of energy demand still to be met by hydrocarbons UAE economy is structured for this reality, with growth grounded in pragmatism, guided by far-sighted leadership, powered by ambition, and built for the long term The world
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Dubai, UAE, January 2026. Oris is proud to unveil the Year of the Horse Limited Edition, crafted to celebrate the Chinese Year of the Fire Horse, beginning 17 February 2026. The Fire Horse is said to embody enthusiasm, confidence, and a powerful drive to succeed, making this new year a time of vibrant energy and bold ambition. The watch is clad in a blaze of crimson, from the deep red of the dial and the fiery hues of the subdials to the rich brown tones of the supple cordovan leather strap. At its heart is the Calibre 113, one of Oris’s boldest movements. It features a 10 day power reserve, a non linear power reserve indicator, and a busi
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Abu Dhabi, UAE – 30 December 2025: Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East and Africa, together with Emirates Water and Electricity Company (EWEC), a leading company in the integrated planning, purchasing, supply and system despatch services of water and electricity across the UAE, today announced the financial closing of the ~ AED 3.6 billion 1 GW Al Dhafra Power Plant which will provide power to data centre projects and advance the UAE National Strategy for Artificial Intelligence 2031. The project is primarily funded ~85% through debt financ
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MENA Region’s Installed Solar Capacity Projected to Exceed 180 GWp by 2030 Global Experts to Explore Scalable Solutions to Manage Complex Solar-Power Portfolios and Ensure Operational Efficiency Game-Changing Technical Solutions in Summit Spotlight Abu Dhabi, UAE – December 22, 2025: The World Future Energy Summit 2026, hosted by Masdar and part of Abu Dhabi Sustainability Week, will address key economic and geopolitical challenges facing the rapidly expanding solar-energy industry. Taking place at Abu Dhabi National Exhibition Centre (ADNEC) from January 13-15, the Summit’s Solar and Clean Energy Conference and Exhibition will
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