The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS). The project aims to expand clean and reliable electricity access to approximately 75,000 households.The project marks Central Asia’s first renewable energy initiative with an integrated BESS component. Introducing the innovative BESS component will improve the efficiency and flexibility of the power system, providing greater security of supply and helping to mitigate the intermittency of renewable generation.The financing package includes up to $53 million…
Author: Chitrika
Prince Abdulaziz bin Salman bin Abdulaziz; Minister of Energy, recently met Jennifer M. Granholm, United States Secretary of Energy in Riyadh. Within the context of the partnership for advancing clean energy agreement, signed by the Kingdom of Saudi Arabia and the United States of America, in Jeddah on July 15, 2022, the Ministers discussed ways to enhance cooperation between the two countries in various energy fields, including carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, energy sector supply chain resilience, and energy efficiency. The two ministers also addressed the Kingdom’s efforts to tackle climate change through local and…
Morocco has long prioritized a clean energy future, allocating substantial resources to renewable sources. Since 2009, the nation has invested $6 billion in solar, wind, and other clean technologies. This dedication is reflected in Morocco’s current energy mix, with renewables accounting for a commendable 37.6%, which the country aims to increase to 52% by 2050.Morocco’s ambitions extend far beyond these initial milestones. Recognizing the pressing need to expedite the transition from fossil fuels, the nation stands ready to take a significant leap forward.Morocco is poised to significantly bolster its energy production with a $7 billion investment. On Wednesday, Energy Minister…
According to the Renewable Energy and Energy Efficiency Organization – an affiliate of the Energy Ministry — solar power plants had the lion –share in the total renewable capacity during the aforementioned period. According to the overall energy mix, currently, solar power plants account for 58% of renewable electricity production and were followed by wind farms which represented 31% of the total capacity. Small hydropower plants and biomass plants stood next, as they accounted for 9% and 1% of the total renewable capacity respectively in April. The current Iranian government is working on plans to increase the country’s renewable capacity…
The United Arab Emirates (UAE) has developed many techniques and practices to enhance the efficiency of the energy sector while preserving national resources and finding alternative solutions to conventional energy. This supports the sustainable development of the country. The UAE Energy Strategy 2050 was launched in 2017 as the first unified energy strategy in the country that is based on balancing supply and demand with environmental obligations and creating a conducive economic environment for growth. The strategy keeps pace with the recent dynamic changes in the energy sector, the maturity of emerging low-emission energy technologies, and the country’s commitment to…
The Power Construction Corporation of China (POWERCHINA) and Al-Farabi Kazakh National University in Almaty, Kazakhstan, recently signed an agreement to establish a framework for industry-academia-research cooperation, aiming to innovate collaboration in technological innovation.Since 2008, POWERCHINA has signed 26 projects in Kazakhstan with a volume of over US$ 5 billion, including the upgrade of the Almaty Coal-fired Combined Heat and Power (CHP) Plant 2, which will drive the local energy structure’s transformation.Their new agreement is to support energy transformation for a cleaner almaty. In alignment with its “carbon neutrality by 2060” strategy, Kazakhstan has been focusing on developing new energy in…
Over the past 10 days, as numbers have continued to pour out from the listed players from China’s formidable solar sector, the impact of the low solar module prices seen over the past two quarters and more is clearly visible on their earnings as well. Even as volumes have grown in many cases, revenues have failed to not just keep pace, with some firms even slipping into losses. A far cry from the bumper profits of Fy22-23. Of course, the first quarter tends to be a slow quarter in any case for installations due to winter in some of the…
Dubai, United Arab Emirates-based AMEA Power, one of the renewable energy companies in the Middle East, announced the setting up of the 120MWp Kairouan Solar Photovoltaic Project in Tunisia.The ceremony was attended by Fatma Thabet Chiboub, Minister of Industry, Mines and Energy of Tunisia; Eman Ahmed Al Salami, UAE Ambassador to Tunisia; Faiçal Tarifa, General Director of STEG and Mr. Hussain Al Nowais, Chairman of AMEA Power.The 120 MWp Kaioruan Solar PV project is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and fully owned by AMEA Power. The project will be built under a Build-Own-Operate…
Larsen & Toubro (L&T) a power transmission and distribution (PT&D) business won multiple orders abroad. The company has bagged orders in the Middle East. L&T received the order for integrating its multiple standalone electricity networks into a 400 kV national grid in Oman. As part of the interconnection and grid strengthening, PT&D has received orders to build a 400 kV Overhead Transmission Line and two 400 kV Grid Stations. In the United Arab Emirates, the business has secured orders to construct two 132 kV Substations with associated works. Commenting on the development, T Madhava Das, Whole-Time Director & Sr Executive…
AMEA Power, a renewable energy company based in the UAE, announced that it has signed a 20-year Power Purchase Agreement (PPA) with Eskom, a South African utility company, for the 120 megawatts (MW) Doornhoek Solar Photovoltaic (PV) Project.The UAE project was awarded to a consortium formed by AMEA Power and local partners under Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the company said in a press statement.AMEA Power is the majority shareholder in the $D120 million solar PV project and has partnered with Ziyanda Energy and Dzimuzwo Consulting, wholly owned by African women.The project…