Dubai

Green Marketplace Reneum Raises $4.1M Pre-Seed Funding Led by Ajeej Capital

The blockchain-based green energy marketplace Reneum Institute has announced that it has secured a $4.1 million pre-seed funding round led by Ajeej Capital, a major player in the Dubai investment sector. Reneum just graduated from the polygon-backed accelerator program run by Outlier Ventures and is an investor. Reneum is additionally supported by the MENA and […]

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E-Bike Maker One Electric Looks Overseas For Expansion

Having already set up business in eight export markets, Noida-based electric motorcycle maker, One Electric is now looking to raise $5 million and another $20 million at the end of this year to fund its overseas expansion plans, which will entail an assembly plant in Nairobi, Kenya. As per Gaurav Uppal, the chief executive, One […]

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Dewa to spend $11 billion on Renewable Energy in Dubai

The Dubai Electricity and Water Authority (Dewa) has announced that it will be investing $11 billion or Dh40 billion as capital expenditure over a period of next five years from now to enhance the utility’s renewable energy portfolio. Dewa has issued an official statement that confirms the media reports about the anticipated RE investments by […]

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L&T to Develop 280 MW Worth Solar Projects in Rajasthan and Gujarat

Engineering conglomerate Larsen & Toubro (L&T) has announced that the company has got an order to develop a 245MW solar power project in Rajasthan. It has also received another order to build 35 MW (AC) photovoltaic capacity with 57MWh battery energy storage system in Gujarat. The project will be based in the Kutch district. Larsen & […]

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Solar-Driven Green Hydrogen Plant Commissioned in MbRAM Solar Park in Dubai

A solar-driven Green Hydrogen project has been inaugurated at the Mohammed bin Rashid Al Maktoum (MbRAM) Solar Park in Dubai. HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and Chairman of the Expo 2020 Dubai Higher Committee, recently inaugurated a Green Hydrogen project at the Mohammed bin Rashid Al Maktoum […]

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Sungrow Signs 900 MW Agreement for 1500V Inverter Solution to Dubai

Sungrow has partnered with Shanghai Electric to supply its latest 1500V turnkey inverter solution to the 900 MW 5th phase of the MbRAM Solar Park in Dubai. Sungrow, a leading global inverter solution supplier for renewables, has announced that it has partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the […]

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ACWA Power Seals 900 MW Vth Phase of MbRAM Solar Park at $1.6953/kWh

ACWA Power has formally won the Vth Phase of the MbRAM Solar Park from DEWA, after submitting a winning bid tariff of USD 1.6953/kWh Following its successful Bid Submission on the 9th of October 2019, Dubai Electricity and Water Authority (DEWA) awarded the 900 MW photovoltaic fifth phase of the Mohammed bin Rashid Al Maktoum […]

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PBSC, Careem to Launch Electric Bike Sharing Network in Middle East

PBSC has partnered with Careem, the top ride-hailing company in the Middle East, as well as Dubai’s RTA, to bring its electric bikes to the Emirate. PBSC Urban Solutions, one of the leading smart bike-share solutions provider has announced that it has partnered with Careem, the top ride-hailing company in the Middle East, as well […]

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DEWA Issues Tender For 900 MW 5th Phase of MbRAM Solar Park

DEWA has issued a tender for the 5th phase of MbRAM Solar Park for 900 MW, based on the Independent Power Project (IPP) model. The Dubai Electricity and Water Authority (DEWA) has issued a tender for the 5th phase of the Mohammed bin Rashid Al Maktoum (MbRAM) Solar Park for 900 megawatts (MW) of electricity […]

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