Saudi Arabia claims to become the first G20 country to install LED street lights to conserve energy, said a top official of the National Energy Services Co., known as Tarshid. Speaking in a panel titled “Saudi Vision 2030 Outlook” on the first day of the Global Project Management Forum 2024 taking place in Riyadh from June 2 to 3, Mohammed Muaafa, technical services director of Tarshid, said the company has worked on a large number of projects to conserve electricity in various types of commercial and residential projects across the Kingdom.These efforts are in line with the Kingdom’s target of…
Author: Chitrika
Israel’s Nofar Energy said it has started building a 26 MW solar plant close to the Ada village in Serbia’s northern municipality of Senta.”For the time being, considering that Serbia is a relatively young market, this is the single largest project for producing electricity from renewable energy sources in the country,” the head of financial and legal department at Nofar Adria, Ana Stankovic, said on Monday. A video file with her statement was uploaded on the website of local broadcaster Radio-Televizija Vojvodine (RTV).The project is worth 25 million euros ($27 million) and is expected to produce 33.2 GWh of electricity…
TA’ZIZ, a chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Abu Dhabi, announced at the “Make it in the Emirates Forum”, that it awarded a contract to Tecnimontfor the construction contract for its 1 million tons per annum (mtpa) low-carbon ammonia production facility. Fertiglobe, a partner of TA’ZIZ, Mitsui & Co., Ltd., and GS Energy Corporation, awarded the construction contract to Tecnimont S.p.A (MAIRE Group). The project construction is set to begin in the third quarter of 2024, with operations scheduled to commence in 2027. A significant portion of the construction award value is expected to…
Dubai logistics company DP World has commenced work on a SAR900 million ($250 million) logistics park in Saudi Arabia’s Jeddah Islamic Port. This facility will have a rooftop solar plant in the warehouse that is expected to generate 20 MW of renewable energy.The new storage and distribution facilities, being developed along with the state-backed Saudi Ports Authority (Mawani), will boost trade in the kingdom and the wider region. The 415,000 sq m “greenfield” facility will provide 185,000 sq m of warehousing space and a multi-purpose storage yard, making it the “largest integrated logistics park in the kingdom.The park will have…
The Eurasian Development Bank has signed an agreement to finance the construction of a solar power plant in the village of Toru-Aigyr in Kyrgyzstan’s Issyk-Kul region.The project, which will use photovoltaic solar energy conversion with an installed capacity of up to 300 MW, will be undertaken in partnership with Bishkek Solar LLC.EDB has commented: “The project includes several key agreements, including an agreement with JSC “NES Kyrgyzstan” to purchase all electricity for 25 years, an agreement on public-private partnership with the Ministry of Energy of the Kyrgyz Republic, as well as an investment agreement on the implementation of the project…
Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with Parkin, the largest supplier of paid public parking facilities in the emirate, to expand the number of the EV ‘Green Charger’ stations in several prime locations managed by Parkin.The MoU was signed by Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA, and Mohamed Abdulla Al Ali, CEO of Parkin.Saeed Mohammed Al Tayer, MD & CEO of DEWA said by the end of April 2024, the number of electric vehicles in Dubai reached over 30,000 vehicles. The number of registered customers in…
The Ministry of Finance announced the issuance of green bonds totaling USD 2.5 billion, marking the first issuance of its kind in the region, aimed at funding environmentally friendly projects.The ministry said that the bonds are divided into two tranches: a USD 1 billion tranche with a five-year maturity priced at a 30 basis point spread over US Treasuries and a USD 1.5 billion tranche with a 10-year maturity priced at a 40 basis point spread over US Treasuries.Qatar achieved the lowest spread ever recorded by any bond-issuing country in the Middle East, Central and Eastern Europe, and Africa.The Ministry…
China-based Trina Solar signed three distributor partnerships, across the Middle East and Africa for the supply of 110MW of Vertex N modules to the region. Trina Solar partnered with Noon for renewable energy in Lebanon, Al Takamul Engineering in Palestine, and Golden Sun Solar Solutions in Sudan. Trina Solar is expected to deliver a total of 110MW modules including the cutting-edge Vertex N modules tailored to the region’s unique energy landscape. “We are thrilled to welcome Noon for Renewable Energy, Al Takamul Engineering, and Golden Sun Solar Solutions to our esteemed network of distributors,” remarked Zhao Lei, Head of Strategic…
Prince Abdulaziz bin Salman, the Minister of Energy announced that Saudi Arabia has achieved new world records in reducing the cost of producing electricity from wind energy, with its Al-Ghat and Wa’ad Alshamal project. In a statement on this occasion, Minister of Energy His Royal Highness Prince Abdulaziz Bin Salman bin Abdulaziz Al Saud has expressed his thanks and gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, Prime Minister and the Chairman of the Supreme Committee for…
A 1.9-megawatt solar power plant was inaugurated at the Siemens Energy Egypt Service Center in the Suez Canal Economic Zone (SCZone). The plant, comprised of approximately 3,280 photovoltaic solar panels spread over 8,500 square meters, is expected to generate about 3 GW-hours of electricity annually, covering 90% of the site’s needs.The inauguration ceremony was attended by Mohamed Shaker, Minister of Electricity and Renewable Energy; Walid Gamal El-Din, Chairperson of SCZone; Frank Hartmann, German Ambassador to Cairo; and Vinod Philip, Member of the Executive Board of Siemens Energy. Gamal El-Din emphasized SCZone’s commitment to sustainable development and encouraged all companies operating…