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PIF-backed ACWA Power raises $750m from maiden sukuk
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
PIF-backed ACWA Power raises $750m from maiden sukuk
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African renewables in flurry of investments
Published by: Sandy Bhadare at 24/05/2021 The renewables sector in Africa has attracted investments totalling USD 34.7 billion in the last 10 years.
The renewables sector in Africa has attracted investments totalling USD 34.7 billion in the last 10 years, with South Africa, Morocco and Egypt leading the way, a Linklaters report has stated.
South Africa led the way with the USD 17.7 billion in investments over 95 transactions with Morocco following closely behind, attracting USD 6.7 billion in a total of 18 investment transactions. Egypt saw 28 transactions in renewable energy over the 10-year period, representing a USD 4 billion investment total.
Of all Africa’s renewables investments in the last 10 years, solar was the most popular, attracting USD 20 billion, while wind gained USD 12 billion,
Dr Ahmed Ali Attiga: Energy transition in full swing
Mena energy investments to top $805bn by 2025: Apicorp
DAMMAM, Saudi Arabia, 23 days ago Overall planned and committed investments in the Mena region will exceed $805 billion over the next five years, said the Arab Petroleum Investments Corporation (Apicorp) in its Mena Energy Investment Outlook 2021. This marks a $13 billion increase from the $792 billion estimate in last year’s five-year outlook. The report attributes this modest rise to four factors: A strong confidence in the rebound of global GDP, rising energy demand, the comeback of Libyan projects– which alone accounts for around $10 billion in planned projects – and the accelerated pace of renewables in the region. Per current estimates, Mena will add 3GW of installed solar power capacity in 2021 alone – double that of 2020 – and 20GW over the next five years.
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