India and Israel are set to deepen their economic and trade engagement with the India-Israel Business Forum and the India-Israel CEO Forum. At the forum, they would discuss Joint projects in clean energy and sustainability that will promote renewable energy, water conservation, and green technologies. Additionally, agriculture and food security will benefit from Israeli expertise in precision agriculture, drip irrigation, and sustainable farming solutions.India and Israel have witnessed steady growth in bilateral trade, which has diversified significantly beyond traditional sectors like diamonds and precious metals to include engineering goods, chemicals, electronics, defense, and agricultural products. Israeli investments in India have…
Author: Chitrika
Renewable energy company CleanMax today announced that it will obtain AED 99 Million (USD 27 Million) long-term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. Cleanmax is a renewable energy provider for the Commercial and Industrial (C&I) sector and a Brookfield-backed company. The facility will cover 92 onsite solar assets, located in industrial facilities, malls, schools and universities. The financing arrangement also provides an uncommitted accordion of AED 37 Million (USD 10 Million) for the development of future projects, in alignment with UAE’s Net Zero 2050 Strategy.’ Move To Aid Solar Growth “This…
Sineng Electric, a global leader in solar and energy storage solutions, has joined forces with Trinasolar to supply its central PCS energy storage solution to the 300MWh Abydos Battery Energy Storage Project in Kom Ombo, Aswan Governorate. It is the first utility-scale energy storage project in Egypt, defining a new era for clean energy deployment in North Africa. Developed by AMEA Power and constructed by Energy China ZTPC, the 300MWh energy storage facility is a vital expansion of the existing 500MW Abydos solar power plant. By integrating a battery energy storage system (BESS), the project facilitates the efficient management of solar energy…
Trinasolar, a global leader in photovoltaic (PV) modules and energy storage solutions, is set to make waves at the World Future Energy Summit taking place in ADNEC Abu Dhabi from January 14-16, 2025, showcasing solar and energy storage technologies while introducing Trina Green Hydrogen to the Middle East and Africa. This strategic move aligns perfectly with the UAE’s ambitious Net Zero by 2050 Strategic Initiative and its vision to become a global leader in clean energy innovation. Vincent Wu, Global Sales Vice President and MEA MU Head at Trinasolar, emphasized the company’s commitment to advancing the UAE’s sustainable energy landscape:…
ENGIE has now announced the expansion of its flagship wind farm project located on the shores of the Gulf of Suez, in Ras Ghareb, Egypt, which is currently under construction. This project, the largest in Africa, is being developed in collaboration with Orascom Construction, Toyota Tsusho Corporation and Eurus Energy Holdings Corporation, within the Red Sea Wind Energy Consortium. The expansion will increase the total capacity of the wind farm from 500 MW to 650 MW, further solidifying ENGIE’s key role in advancing renewable energy development in Africa and the Middle East. As part of this expansion, an additional agreement…
The U.S. Department of Energy (DOE), Israel’s Ministry of Energy and Infrastructure (MoE), and the Israel Innovation Authority held an Executive Committee meeting on December 9, 2024, resulting in the selection of five clean energy projects that were approved to receive $7.5 million under the Binational Industrial Research and Development (BIRD) Energy program. The selected projects address energy efficiency, hydrogen energy, recycling, and storage. The total value of the approved projects is $16 million, including $7.5 million in cost-share funding. The approved projects are: Lucy Borchard Shipping (Tel Aviv, Israel) and Newlight Marine Technologies (New York, NY) to accelerate the transition to sustainable shipping by developing and testing hydrogen as a…
Arctech, a solar tracking and racking solutions provider, recently inked a significant supply agreement for its 1P single-axis solar tracking system SkyLine II with China Energy Engineering Group Co., Ltd. Under this agreement, Arctech will supply 2.3 GW of SkyLine II solar trackers for the PIF4-Haden project owned by ACWA Power. This latest deal further solidifies Arctech’s position in the MEA region, propelling its portfolio past an impressive milestone of 15 GW. The project site, characterized by its expansive desert landscapes, frequently experiences high wind events. However, thanks to its pioneering synchronous multi-point drive mechanism, SkyLine II can operate effectively…
The Ministry of Economy has today announced that three companies specialised in clean energy technology from China and the United States have joined the NextGenFDI programme, underlining the status of the UAE as a platform for pioneering enterprises and ideas. The companies, which specialise in innovative storage and generation solutions, will contribute to advancing the UAE’s clean-energy goals and support its transition to a more sustainable, low-carbon economy. The three companies are: Enerflow, a specialist in vanadium flow battery technology, which is promising to lengthen the lifecycles of rechargeable batteries – from four to ten hours – used in clean-energy…
The Dubai Environment and Climate Change Authority (DECCA) signed a Memorandum of Understanding (MoU) with Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority PJSC (DEWA), at GITEX 2024, which runs from 14th to 18th October at Dubai World Trade Center. The MoU promotes sustainable practices across sectors, preserve biodiversity, and expands natural reserves and green spaces in the emirate. The MoU was signed by Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) and Ahmed Mohammed bin Thani, Director General of Dubai Environment and Climate Change Authority…
Egypt and Djibouti signed a bilateral agreement and an executive contract on Tuesday for the construction of a 276.5 kilowatt solar power plant in Djibouti. The agreement, signed via video conference, marks a significant step in the ongoing collaboration between the two countries. The project, to be funded and implemented by Egypt, will see the installation of a photovoltaic power plant in Djibouti. It reflects the growing emphasis on renewable energy solutions in both countries and aligns with Egypt’s established expertise in renewable energy development. The agreement was signed by Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Essmat, and…