Türkiye and Saudi Arabia are expanding their renewable energy partnership to a planned 5,000 MW, with a new 3,000 MW agreement building on an earlier 2,000 MW deal. The additional agreement is expected to be formally signed during COP31 in Antalya in November. The cooperation comes as Türkiye works to diversify its energy mix, reduce dependence on imports and strengthen its position as a regional energy hub. Türkiye’s installed electricity capacity has grown from around 32 GW to 126 GW over the past 24 years, alongside broader investments in domestic and renewable energy resources.
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Scatec has achieved commercial operations for the second phase of its 1.1 GW Obelisk solar project with 100 MW/200 MWh BESS in Egypt, bringing the entire hybrid facility online. The first phase comprises 561 MW of solar and the complete battery system, while phase two adds another 564 MW. Obelisk is expected to generate more than 3,000 GWh of clean electricity annually under a 25-year PPA with the Egyptian Electricity Transmission Company. The project is expected to avoid over 1.2 million tonnes of CO₂ emissions annually while supporting greater grid stability.
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Syria has signed agreements with Saudi Arabia’s Al-Harfi Group covering 760 MW of solar power capacity, supported by 1,077 MW of battery energy storage. The planned developments represent a significant step toward rebuilding and modernising the country’s electricity infrastructure while increasing the role of renewable generation. Pairing solar projects with large-scale storage could help manage intermittent generation, strengthen power availability and provide greater flexibility to the electricity system. The Saudi-backed agreements also demonstrate growing regional investment interest in Syria’s energy sector as the country looks toward renewable energy and storage technologies to address its long-term electricity requirements.
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Saudi Arabia has completed construction of the $8.5 billion NEOM green hydrogen project at Oxagon, moving the landmark facility into commissioning. Developed by NEOM Green Hydrogen Company—a joint venture between ACWA Power, Air Products and NEOM—the project is designed to produce up to 600 tonnes of carbon-free hydrogen daily. An integrated solar and wind network will provide up to 4 GW of renewable electricity for electrolysis. The hydrogen will be converted into green ammonia for international markets, with first commercial exports targeted for 2027, supporting Saudi Arabia’s ambition to become a major global clean-energy producer.
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Dubai Electricity and Water Authority reported a record AED 3.33 billion net profit in the first half of 2026, highlighting the utility’s strong financial and operational performance. The results come as DEWA continues investing in electricity, water and clean-energy infrastructure to support Dubai’s growing economy and sustainability ambitions. Renewable energy remains a key part of its long-term strategy, particularly through the continued expansion of the Mohammed bin Rashid Al Maktoum Solar Park. The strong half-year performance provides DEWA with a solid foundation for further infrastructure investment while supporting Dubai’s wider clean-energy and net-zero objectives.
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Saudi Arabia has commenced commercial operation of the 1.1 GW Al Henakiyah solar power plant, adding another major utility-scale renewable energy asset to the Kingdom’s rapidly expanding clean-power portfolio. The project represents an important milestone in Saudi Arabia’s strategy to increase renewable electricity generation and diversify its domestic energy mix under Vision 2030. Gigawatt-scale solar developments such as Al Henakiyah are becoming central to the Kingdom’s energy transformation as it leverages strong solar resources to reduce reliance on conventional fuels for electricity generation and build a larger renewable energy industry alongside its emerging green hydrogen sector.
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