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Energy & Sustainability

Oil and gas, renewables, storage and environmental industries

Industry News
Source: Dealroom

Oman Investment Authority and China’s Silk Road Fund Form $800 Million Investment Vehicle

The Oman Investment Authority signed a preliminary term sheet with China's Silk Road Fund to establish an $800 million joint investment fund during Sultan Haitham bin Tarik's state visit to Beijing. The deal is part of a 23-agreement package covering finance, logistics, artificial intelligence, solar energy, and mining. Other agreements involve China Merchants Bank, IDG Capital, JD.com, Huawei, and Hongda International.

China–UAE News
Source: Xinhua News Agency

PowerChina Completes Construction on 1.5-Gigawatt Al Ajban Solar Farm in Abu Dhabi

Power Construction Corporation of China is completing engineering, procurement, and construction works on the 1.5-gigawatt Abu Dhabi PV3 Al Ajban solar project. The facility spans approximately 20 square kilometers in northeastern Abu Dhabi and utilizes automated Chinese-made installation robots. Once operational, it is expected to generate 4.4 billion kilowatt-hours of clean electricity annually.

China–UAE News
Source: UAE-China Chamber of Commerce (UECN)

Chinese Contractors Expand Solar, Storage, and Infrastructure Cooperation in UAE

Chinese engineering contractors have expanded their presence across clean energy developments in the UAE, as highlighted during ADIPEC in Abu Dhabi. Projects include PowerChina's 1.5-gigawatt Al Ajban solar plant and an integrated 2.1-gigawatt PV project with 7.75 gigawatt-hours of battery storage. In addition, DEWA International and Shanghai Electric signed an MoU to explore global energy, water, and green hydrogen investments.

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