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Renewable Energy Vital For Jordan & Lebanon’s Future

The European Commission has earmarked €71 million to support renewable energy projects in Jordan whilst a report highlights the importance of solar power for Lebanon’s future Whilst the Middle East may be known worldwide for its oil, many nations are now starting to look to renewables for a sustainable source of energy. Jordan, which ironically […]

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It Must be Peak Oil Driving Saudis to Solar

As oil supplies decline, Saudi Arabia’s own electricity is becoming expensive. By one estimate, it’s as much as 25 cents a kilowatt-hour, at wholesale. Saudi Arabia gets all of its electricity from the oil field. Flared gas provides 45%, heavy fuel oil provides 13%, diesel; 22% and crude provides the remaining 20%. So as oil […]

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Ormat Geothermal Reports $1.5 Million Loss

Despite low 2nd quarter earnings, Ormat has secured $350 million in loan guarantees to develop renewable, geothermal energy plants Israeli-founded geothermal power company  Ormat Technologies (NYSE: ORA) failed to meet the market’s expectations when the company presented its results for Q2: a $1.5 million loss was reported, resulting in a $0.03 loss per share. Most […]

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Register Early For the "Smart Grids" Middle East Conference

Smart Grids are redefining the electricity future. Worldwide experts in the field will gather to share their know-how with the Middle East in Dubai this December. [image via GDS digital] When temperatures soar, so does electricity consumption. At the peak of a scorcher day, everyone at home or in their offices hikes up their air-conditioning […]