Kuwait ditched large solar project, partly due to coronavirus

“The cabinet decided to cancel further steps on the project due to coronavirus pandemic and its impacts on the global oil and financial markets,” Kuwaiti cabinet reported in the beginning of this week. The solar project Al-Dabdaba should have provided electrical energy necessary for oil mining. The plant should have provided up to 15% of electrical energy consumption in oil sector. 

The photovoltaic power plant should have start operating in the beginning of 2021, yet the date would be rather unrealistic due to delayed bureaucratic procedures. The solar project would be about 32 square kilometers large and located located 100 kilometers west of Kuwait City. The installed capacity is supposed to be 1.5 gigawatts divided into 5 separate blocks, each with the capacity of 300 megawatts. Kuwaiti government will search for ways to fulfill its commitments to generate 15% of its energy via renewable sources by 2030.

 

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Altman wants to coordinate AI development slowdown with competitors, Bloomberg reports

Technology company OpenAI is considering slowing down the development...

Challenger Banks vs Traditional Retail Banks: Fees and Services Compared in 2026

The line between challenger banks and traditional retail banks is becoming...

Apps Like Klarna: 6 Best BNPL Alternatives in 2026

Buy Now, Pay Later has evolved from a checkout...

Google invests 13 billion euros in AI infrastructure in Finland

American company Google, which is part of the Alphabet...

Mercuryo Review 2026: Payment Gateway, Crypto On-Ramp and Fees Explained

Buying cryptocurrency no longer necessarily means opening an account...

China’s exports rose 25 percent in August thanks to demand for technology and cars

China's year-on-year export growth rate accelerated in August thanks...
spot_img

spot_imgspot_img