Monday, April 20, 2026
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UPEX 2026

THE GCC

Oman and Botswana Sign Agreements Covering Energy, Mining, and Solar Development

Oman and Botswana have signed multiple cooperation agreements during Botswana's presidential visit, focusing on mineral exploration, petroleum infrastructure, and renewable energy. These initiatives aim to enhance bilateral economic ties and attract foreign investment, showcasing a strategic partnership. Key projects include a solar energy agreement and collaboration on fuel supply security.

Saudi Energy Partners Kraken to Drive AI-Led Energy Sector Transformation

Saudi Energy has partnered with Kraken Technologies to enhance digital transformation in the energy sector. They will form a joint venture in Riyadh, with Saudi Energy acquiring a minority stake in Kraken. This collaboration aims to distribute Kraken's AI-powered platform in MENA, boost regional capabilities, create jobs, and foster innovation.

Botswana And Oman Partner On 500 MW Solar Project To Boost Clean Energy And Economic Growth

Botswana has entered a significant partnership with Oman to enhance its energy sector and diversify its economy. This collaboration includes a 500-megawatt solar project in Maun, managed by NAQAA Sustainable Energy, and a large-scale mineral exploration program. The agreements aim to reduce reliance on diamonds and fossil fuels, promoting renewable energy and industrial growth.

Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Chairs ADNOC Executive Committee Meeting To Review Business Continuity And Emergency Response Plans

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan chaired a meeting to discuss ADNOC's business continuity plans aimed at maintaining operations during emergencies. The committee emphasized workforce safety and supply chain reliability amid recent regional conflicts. The meeting reaffirmed ADNOC's resilience and commitment to uninterrupted energy supply despite challenges.

Adani Green Forms JV With UAE’s Minerva To Expand Renewable Energy Projects In India

Adani Green Energy Limited is expanding in India's renewable energy sector through a joint venture with Minerva Holding RSC Ltd, forming Minerva Renewables Holding RSC Limited. The partnership aims to develop renewable projects, showcasing global interest in India's clean energy market. AGEL will invest and hold a 20% stake, while governance structures have been defined.

ACWA Power Faces Dispatch Restrictions At Key Saudi Solar Projects Amid Grid Stability Concerns

ACWA Power is facing operational challenges at its solar projects in Saudi Arabia due to dispatch restrictions from the grid operator amid reactive power fluctuations. Affected projects include the Al Kahfah and Ar Rass 2 plants, resulting in significant revenue disputes. ACWA Power is contesting findings and engaging independent experts while maintaining dialogue with authorities to resolve the issues.

THE NEAR EAST

Airengy Tech Ltd. to Acquire Six Solar Projects In Poland Worth €23.7 Million, Marking Its First Move Into Income-Generating Energy Assets

Airengy Tech Ltd. has signed binding agreements to acquire six solar projects in Poland, totaling 34 megawatts. Valued at €23.7 million, this marks Airengy's first ownership of revenue-generating assets. The projects include operational and advanced development stages, with a focus on integrating battery storage to enhance revenue stability and profitability.

Qatar Fund For Development Pledges $434.2 Million To Revive Lebanon’s Energy Sector And Support Public Services

The Qatar Fund for Development has pledged $434.2 million to support Lebanon amid its severe socio-economic crisis, benefiting over 1.5 million people. The majority of funds will focus on revitalizing the energy sector to remedy electricity shortages, while some will enhance healthcare services. This initiative aims to provide immediate relief and foster long-term recovery.

European Bank For Reconstruction And Development Considers $30 Billion Energy Investment To Support Turkey’s Power Sector Transformation

The European Bank for Reconstruction and Development is considering a $30 billion investment in Turkey's energy sector to modernize power infrastructure and support a transition to cleaner energy. This initiative aligns with Turkey's efforts to reduce fossil fuel dependency and enhance renewable resources. The project aims to create jobs and strengthen regional energy dynamics.

EBRD President Odile Renaud-Basso To Visit Türkiye From 2–6 March 2026 For High-Level Meetings In Ankara And Istanbul, Reinforcing The Bank’s Commitment To The...

Odile Renaud-Basso, President of the EBRD, will visit Türkiye from March 2 to 6, 2026, to engage in high-level talks aimed at strengthening the country's economic resilience and private sector development. The discussions will focus on investment enhancement, macroeconomic stability, and Türkiye's preparations for COP31, following significant EBRD investments in recovery efforts post-earthquakes.

Israel Approves First National Land-Use Plan For Agrivoltaic Projects

The Government of Israel has approved the country’s first national land-use plan dedicated to agrivoltaic installations, marking a significant step in its renewable energy...

Türkiye Surpasses 40 GW Solar And Wind Capacity, Renewables Reach 62.5% Of Power Mix

Türkiye has surpassed 40 GW of combined solar and wind power capacity, accounting for 33% of its electricity grid. Renewable sources now make up 62.5% of the total capacity. The government plans to enhance this growth through initiatives like YEKA, aiming for 120 GW by 2035 while promoting energy security and sustainability.

NORTH AFRICA
News

African Development Bank And ILX Management B.V. Complete First Joint Deal To Mobilise Climate-Focused European Capital For Africa

The African Development Bank and ILX Management B.V. completed their first joint transaction, with ILX investing $40 million in a wind power project in Egypt. This partnership aims to attract European institutional investment into climate-aligned infrastructure, supporting sustainable development goals and improving energy security while reducing carbon emissions and fossil fuel reliance.

Mulilo Achieves Financial Close on 380 MW Beaufort West Solar Project in South Africa

Mulilo has secured financial close for the 380 MWDC Beaufort West Solar PV project in South Africa, marking its first renewable venture in the Western Cape. This project, generating around 818 GWh annually, enhances Mulilo's portfolio to over 2 GW and supports the nation's energy transition while significantly reducing COâ‚‚ emissions.

South Africa Commissions 148 MW Bolobedu Solar Plant To Power Industry With Clean Energy

South Africa's Bolobedu Solar Plant, commissioned in April 2026, boasts a capacity of 148 MW, supplying renewable power primarily to Richards Bay Minerals. It signifies a shift towards sustainable energy and employs 800 local workers, emphasizing community participation and women’s investment. The project also aims to reduce over 237,000 tonnes of CO2 emissions annually.

Africa Accelerates Grid Modernization And Renewable Energy Expansion Across Regions

Africa's energy sector is advancing with significant projects aimed at enhancing power systems and renewable energy use. Countries like Nigeria and Senegal are upgrading transmission networks and developing battery storage. Regional cooperation is increasing, particularly in Southern Africa. Despite challenges, investments in renewable energy are expected to attract private funds and meet rising demand.
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MARKET INSIGHTS - MIDDLE EAST

Middle East Renewable Energy Investment Surges 28% Driven By AI And Government-Backed Projects

Renewable energy investment in the Middle East surged by 28% over the past year, reaching $12.9 billion in 2025. Driven by AI's power demands and government backing, the region benefits from quicker project execution compared to Western markets. However, challenges remain, including energy availability and fragmented technology systems.

Middle East Renewable Energy Investment Surges On AI Demand And Integrated Infrastructure Push

Investment in renewable energy in the Middle East is surging, reaching US$12.9 billion in 2025, a 28% increase from the previous year. Driven by AI infrastructure growth and effective government support, the region's coordinated energy planning contrasts with delays in Western markets. This approach, alongside rising demand for advanced energy systems, positions the Middle East as a leader in renewable energy development.

Australia’s Solar Journey Offers Key Lessons For Dubai’s Renewable Energy Growth – Insight 

The UAE, led by Dubai, is enhancing its role in renewable energy, particularly solar power. As investments increase, the focus is shifting from rapid growth to system quality and performance. Lessons from Australia's solar market underscore the importance of component quality, battery storage, and consumer awareness, providing valuable insights for Dubai’s future.

Global Tensions Drive Renewable Investment Shift Toward China

Global geopolitical tensions are driving a shift in energy investment towards renewables, particularly in China. As instability in the Middle East affects oil prices, investors are diversifying into cleaner energy sources. China, with its advanced renewable technology and supportive policies, is becoming a favored destination for these investments, marking a significant global energy transition.

Oman Strengthens Power Grid With New PPAs To Meet Rising Energy Demand

Oman has signed new Power Purchase Agreements (PPAs) with major energy companies to bolster its electricity generation capacity amidst rising demand. This initiative, part of a long-term energy strategy, aims to attract foreign investment, support key industries, and prioritize environmental sustainability, ensuring a reliable energy supply for future economic growth.

Gulf Nations Strengthen Africa’s Renewable Energy Push Amid Middle East Geopolitical Tensions

Gulf nations, particularly Saudi Arabia and the UAE, are significantly investing in Africa's renewable energy sector despite rising geopolitical tensions. This investment aims to diversify their economies and foster global leadership in clean energy. Projects like solar in Morocco and wind in Egypt illustrate the long-term commitment to reducing Africa's energy gap through strategic partnerships.

IN CONVERSATION

Gokin Solar Strengthens Middle East Presence with High-Performance TOPCon Solutions – Hasan Alkarawi, Regional Manager

In this exclusive interaction, Mr. Hasan Alkarawi, Regional Manager at Gokin Solar, shares insights into the company’s rapid growth in the Middle East, its...

JinkoSolar’s Saudi Odyssey: Decades of Innovation and the Road to Vision 2030 – Robin Li, General Manager (MEA&CA)

As JinkoSolar celebrates its 20th Anniversary, how do you reflect on your growth journey in Saudi Arabia and the key milestones that strengthened your...

Scaling Clean Energy in the Middle East: Sungrow’s Strategy, Storage Leadership, and Regional Growth

As renewable energy deployment accelerates across the Middle East, Sungrow continues to strengthen its regional footprint through large-scale solar and energy storage projects. In...

Dr. Hong Soo Goh on Sungrow’s R&D Vision: Advancing Energy Storage, Grid Stability, and Intelligent Power Solutions

At the World Future Energy Summit in Abu Dhabi, SolarQuarter team spoke with Dr. Hong Soo Goh, a leading expert in PV, energy storage,...

ASTRO N7 Pro: Redefining Utility-Scale Solar with Power, Efficiency, and Smarter Economics – Baohua He, Head of Global Product Management at Astronergy

What are the key technological highlights of the ASTRO N7 Pro, and how does it differentiate itself in the high-power solar module segment? The key...

Powering MEA’s Future: How Power & Sun Is Redefining Solar-Plus-Storage Leadership – L K Verma, Founder and Managing Director

1. Power & Sun’s rapid MEA growth reflects strong innovation—how do the Mastter Inverter and Bison Battery Series enhance your product leadership regionally? Power &...

CENTRAL ASIA

NTPC Explores Power Sector Collaboration with Tajikistan at Bharat Electricity Summit 2026

The Chairman and Managing Director of NTPC Limited met with Tajikistan's Minister of Energy to discuss enhancing cooperation in the power sector, focusing on joint projects including coal, gas, and solar initiatives. The discussion also acknowledged NTPC's capacity-building efforts for Tajik professionals. This meeting was part of the Bharat Electricity Summit 2026.

EBRD Announces $200 Million Financing Package For MSMEs In Kazakhstan Through Bank CenterCredit

The EBRD has launched a $200 million financing initiative to support MSMEs in Kazakhstan, distributed through Bank CenterCredit. The package includes loans aimed at enhancing economic development, promoting women-led businesses, and fostering youth entrepreneurship, alongside initiatives for energy sustainability. This is EBRD's largest support for a Kazakh bank.

EBRD Board Delegation Visits Uzbekistan, Pledges Continued Support For Sustainable Growth

A delegation from the EBRD visited Uzbekistan from March 1 to 6, 2026, to strengthen partnerships and support sustainable economic growth. Meetings with officials and stakeholders focused on investment opportunities in banking, renewable energy, and manufacturing. The EBRD has invested over €5.8 billion in 200+ projects, promoting competitiveness and private sector development.

EBRD Funds ABN-MB Group With €6m As Uzbekistan Food-Service Leader Expands And Invests In Solar Power And Energy-Efficient Technologies

The EBRD is providing a €6 million loan to ABN-MB Group to enhance Uzbekistan's food-service market by modernizing operations and reducing reliance on imports. The funds will support a new facility and energy-efficient upgrades, bolstered by an additional €70,000 from the FINTECC programme, promoting sustainable development in the region.

ACWA Power Commissions 501 MWh Battery Storage Project In Uzbekistan

ACWA Power has launched its Battery Energy Storage System in Uzbekistan, advancing the country's renewable energy shift. The Riverside Solar project includes a 200 MW solar plant and a 501 MWh battery system, enhancing grid stability and energy management. This initiative aligns with Uzbekistan’s goals to reduce fossil fuel reliance and bolster clean energy.

EBRD Provides €15 Million To Expand Green Line Trading With New 16,128 m² Warehouse And Solar-Powered, Low-Emission Logistics In Uzbekistan

The EBRD is financing up to €15 million for Green Line Trading in Uzbekistan to enhance retail standards and logistics. The project includes constructing a new warehouse and implementing eco-friendly technologies, significantly reducing CO₂ emissions. This initiative aims to expand GLT's retail presence and diversify its product offerings, supported by the Japan-European Cooperation Fund.

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Technology

Explained – Micro-Optimizers In Solar PV Boosting Module-Level Efficiency And Energy Output

Micro-optimizers enhance solar photovoltaic (PV) systems by managing individual panel performance, allowing each panel to operate independently. They improve energy yield, especially in shaded conditions, and provide module-level monitoring for fault detection. Though they increase initial costs and complexity, their benefits in efficiency and safety often justify the investment.

Solar Tech Weekly: Grid-Free Hydrogen Tech; Dinto Solar HJT Roadmap; Perovskite Stability Breakthrough and More…

Several advancements in solar and hydrogen technologies are reshaping the energy landscape. Photreon is developing grid-free hydrogen production through photocatalytic panels, while Dinto Solar focuses on HJT technology for enhanced efficiency. Breakthroughs in perovskite stability and tandem solar cells are improving durability and efficiency. Additionally, grid-scale storage is enabling continuous renewable energy supply.

KIT Startup Photreon Advances Grid-Free Hydrogen with Photocatalytic Panels

Photreon, a startup from the Karlsruhe Institute of Technology, is developing a groundbreaking technology for green hydrogen production that eliminates the need for electrolyzers and electricity. By using photocatalysis to convert sunlight and water directly into hydrogen, the panels simplify the process, reduce costs, and enable scalable, flexible hydrogen production.

Breakthrough in Perovskite PV Stability Using Metal Oxide Layers

Halocell Energy has enhanced the stability of its perovskite photovoltaic modules by integrating advanced metal oxide nanoparticle inks from Sofab Inks. This innovation notably improves efficiency and resilience against environmental stresses. Under testing, these modules maintained near 100% efficiency after 1,300 hours, marking progress in perovskite technology for commercial use.

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Gokin Solar Strengthens Middle East Presence with High-Performance TOPCon Solutions – Hasan Alkarawi, Regional Manager

In this exclusive interaction, Mr. Hasan Alkarawi, Regional Manager at Gokin Solar, shares insights into the company’s rapid growth in the Middle East, its...

JinkoSolar’s Saudi Odyssey: Decades of Innovation and the Road to Vision 2030 – Robin Li, General Manager (MEA&CA)

As JinkoSolar celebrates its 20th Anniversary, how do you reflect on your growth journey in Saudi Arabia and the key milestones that strengthened your...

UAE Launches Smart Microgrid Project To Boost Energy Resilience And Sustainability

The UAE's Ministry of Energy and Infrastructure has launched a microgrid project aimed at enhancing energy reliability and sustainability. Tested in 2025, it enables independent electricity generation, reduces consumption by 362,000 kilowatt-hours annually, and cuts carbon emissions. The initiative will expand nationally, promoting innovation in clean energy and positioning the UAE as a leader in advanced energy solutions.

Saudi Energy Partners Kraken to Drive AI-Led Energy Sector Transformation

Saudi Energy has partnered with Kraken Technologies to enhance digital transformation in the energy sector. They will form a joint venture in Riyadh, with Saudi Energy acquiring a minority stake in Kraken. This collaboration aims to distribute Kraken's AI-powered platform in MENA, boost regional capabilities, create jobs, and foster innovation.

Saudi Energy Partners Kraken to Drive AI-Led Energy Sector Transformation

Saudi Energy has partnered with Kraken Technologies to enhance digital transformation in the energy sector. They will form a joint venture in Riyadh, with Saudi Energy acquiring a minority stake in Kraken. This collaboration aims to distribute Kraken's AI-powered platform in MENA, boost regional capabilities, create jobs, and foster innovation.

Botswana And Oman Partner On 500 MW Solar Project To Boost Clean Energy And Economic Growth

Botswana has entered a significant partnership with Oman to enhance its energy sector and diversify its economy. This collaboration includes a 500-megawatt solar project in Maun, managed by NAQAA Sustainable Energy, and a large-scale mineral exploration program. The agreements aim to reduce reliance on diamonds and fossil fuels, promoting renewable energy and industrial growth.