Kuwait Oil Company launches 1 GW solar project to diversify its energy mix

Kuwait Oil Company to deploy 1 GW of solar power, in collaboration with the Ministry of Electricity, to diversify the country's energy sources and reduce emissions

Share:

Kuwait Oil Company amplifie sa capacité solaire

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

In a strategic move to reduce its dependence on fossil fuels, Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Corporation, is preparing to implement an ambitious 1 GW solar power project. This initiative is the fruit of a memorandum of understanding signed recently with the Ministry of Electricity, Water and Renewable Energies, heralding a new era for renewable energy in the region.

Partnership objectives

The memorandum aims to establish close cooperation between KOC and the Ministry, with a view to overcoming the challenges associated with advancing renewable energy projects. The agreement includes the connection of solar power plants with a combined capacity of 1 GW, marking a significant step in Kuwait’s energy transition.

Impact on the energy sector

With its current total dependence on fossil fuels for energy production, Kuwait is at a turning point. The project will not only help meet the country’s target of generating 15% of its energy from renewable sources by 2030, but will also have a positive impact on energy security and environmental sustainability.

The 4.5 GW Shagaya Project

In parallel, the Kuwait Authority for Partnership Projects (KAPP), in cooperation with the Ministry of Electricity, launched a tender to develop 1.1 GW of solar photovoltaic capacity. This project is part of the larger Shagaya solar project, which aims to install 4.5 GW of solar capacity, demonstrating Kuwait’s commitment to renewable energy.

Implications for the regional energy market

This initiative could serve as a model for other Gulf nations, where energy diversification is becoming crucial in the face of depleting fossil fuel resources and growing pressure to reduce carbon emissions.

Kuwait’s commitment to solar energy, illustrated by the 1 GW project and the development of the Shagaya project, reflects a significant transformation in the country’s energy policy. These efforts to diversify energy sources and reduce emissions are essential to meet growing energy demand and for long-term environmental protection.

Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
Canadian Solar reported a gross margin of 29.8% in Q2 2025, exceeding expectations despite a net loss, amid delayed project sales and asset impairments.
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
According to the Energy Information Administration, solar will represent the leading source of new U.S. power capacity this year.
Two 13 MW solar facilities have been completed at the Fort Polk military site in Louisiana by Onyx Renewables and Corvias as part of a partnership to secure the site’s long-term energy supply.
Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
Two photovoltaic projects led by RWE were selected in a federal tender, with commissioning scheduled by the end of 2026, subject to permits.
The public utility Eskom launches a tender to sell long-term solar electricity via PPAs, directly targeting industrial players amid continued pressure on national energy security.
The Norwegian group Scatec strengthens its position in emerging markets with a marked increase in revenue and its portfolio of projects under construction.
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
The European Bank for Reconstruction and Development is financing the modernization of Enerjisa Enerji’s electricity distribution network in the Toroslar region, affected by the 2023 earthquakes.
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
Meta secures its energy supply in South Carolina with a 100-megawatt solar project led by Silicon Ranch and Central Electric Power Cooperative. The site will support the group's future data center in Graniteville.
SolAmerica Energy secures a $100 million revolving credit facility with Deutsche Bank to support its distributed solar assets in the United States.
Diamond Infrastructure Solutions grants Third Pillar Solar exclusive access to its Texas reservoirs to evaluate the potential for 500 MW of floating solar as part of a $700 million investment.
The Jackson County Solar project, valued at 125 megawatts, is expected to generate more than $70 million in direct economic impact for local communities in Michigan.
Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.
Looser eligibility rules for U.S. solar tax credits triggered an immediate stock surge, easing investor concerns about potential regulatory tightening.
TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.
Weakened by the exclusion of its solar panels from the U.S. market, Maxeon reports a sharp revenue decline and adjusts its financial structure under market pressure.
Consent Preferences