While artificial intelligence has the potential to drive global growth and boost productivity, the industry is grappling with mounting challenges like soaring development costs and energy requirements ...

The US Federal Reserve kept the target range for the federal funds rate unchanged at 4.25% to 4.50% during its meeting early ...

Saudi Arabia-based Acwa Power has formally entered into China’s renewable energy market with investment agreements for over 1 gigawatt ( GW ) of projects with prominent Chinese renewable energy ...

Abu Dhabi Future Energy Company ( Masdar ) has announced the preferred suppliers and contractors to support the development of the world’s first large-scale round-the-clock giga-scale project, which ...

The Japan Bank for International Cooperation ( JBIC ) has signed a general agreement to set up a credit line totalling up to 120 billion yen ( US$770 million ) with Power Finance Corporation ( PFC ), ...

A joint venture ( JV ) between Saudi Arabia-based Acwa Power and Turkish company IC Ictas Insaat has won the bid for the Azerbaijan government’s Caspian seawater reverse osmosis project, which ...