McDermott and Doosan Enerbility have signed a memorandum of understanding (MOU) to explore potential strategic collaboration opportunities in the power generation market.
GE Vernova reported strong second-quarter 2026 results, with orders rising 88 per cent to $24.2 billion and revenue up 22 per cent to $11.1 billion, driven by robust power and electrification demand, prompting the company to raise its full-year guidance.
TotalEnergies has completed its acquisition of 50 per cent of EPH’s Western European flexible power assets, forming TTEP, Europe’s second-largest flexgen player with 14 GW capacity across five countries and 30 TWh output in 2025.
China’s installed power capacity reached 3.96 billion kW by March 2026, up 15.5 per cent year on year, driven by rapid renewable growth, with solar capacity jumping 31.3 per cent and wind rising 22.4 per cent.
Dubai Electricity and Water Authority (Dewa) has announced that it has delivered the strongest financial and operational performance in its history for the full year 2025, recording a net profit after tax of AED9.1 billion ($2.5 billion) and a consolidated revenue of AED32.84 billion ($8.9 billion).
Renewable and clean electricity generation sources now account for almost 46 per cent of Abu Dhabi's total power generation, up from under 5 per cent in 2020, according to an EWEC (Emirates Water and Electricity Company) report.
ADNOC Gas has signed an agreement with Etihad Water and Electricity (EtihadWE) to explore future natural gas supply arrangements for new power generation capacity across the Northern Emirates of the UAE.
Qatar’s renewable energy capacity is set to expand significantly by 2035 as the country accelerates utility-scale solar development to reduce gas consumption and emissions. GlobalData forecasts solar capacity growth of 12.4 per cent annually, with renewables reaching 25.9 per cent of total capacity.
