ACWA Power and Gulf Investment Corporation have signed a $4 billion agreement to develop Kuwait’s largest integrated power and water project, Az-Zour North Phase 2 & 3 IWPP, aiming for completion in 2029 with 2,700 MW capacity and 120 MIGD desalination output.
Abu Dhabi to Become Global Energy Capital Again with ADIPEC 2025
ADIPEC 2025, the Abu Dhabi International Petroleum Exhibition & Conference, will take place November 3–6, 2025, under the patronage of President Sheikh Mohamed bin Zayed. Hosting over 205,000 attendees, 2,250 exhibitors, and 1,800+ speakers across 10 conferences and 380 sessions, it unites global leaders to accelerate energy transition, decarbonization, AI adoption, and sustainable innovation.
Indonesia and Saudi Arabia Sign $10 Billion Clean Energy Deal, Launch Strategic Coordination Council
Indonesia’s state investment agency, Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), has entered into a strategic partnership with Saudi energy company ACWA Power to develop large-scale clean energy projects in Indonesia. The investment is valued at US$10 billion, or approximately IDR 162 trillion.
EU to Propose 2040 Climate Target Including Carbon Credit Mechanism
The European Commission is set to unveil a sweeping new climate target on Wednesday, proposing a legally binding goal for the European Union (EU) to cut net greenhouse gas emissions by 90% by 2040 compared to 1990 levels.
CATL Bets on Salt: The Rise of Sodium-Ion Batteries in the Energy Race
Chinese battery giant CATL (Contemporary Amperex Technology Co. Limited), the world’s largest producer of lithium-ion batteries, is now leading efforts to commercialize sodium-ion technology. Unlike lithium, sodium is cheap, abundant, and widely available – found not in mines, but in ordinary salt.
