Prime Minister of Egypt, Moustafa Madbouli recently inked two land hand-over minutes to implement two projects. These deals were undertaken to establish stations for generating electricity from wind energy in the west of Sohag, Upper Egypt. This deal was signed in the presence of Electricity Minister Mohamed Shaker and Norwegian Ambassador to Egypt Hilde Klemetsdal. Madbouli asserted that the government seeks to increase the use of new and renewable energy resources. These projects are undertaken to encourage investments in this promising field to contribute to reducing the use of fossil fuel and carbon emissions and achieving sustainable development goals. Both projects have a production capacity of 8 gigawatts of wind energy in…
Author: Chitrika
Engineer Kamal bin Ahmed Mohammed, chairman of Gulf Petrochemical Industries Company (GPIC) board of directors, inaugurated company’s solar energy project in Bahrain. This project is the company’s latest milestone in energy sustainability. It’s part of the company’s wider strategy to reduce its carbon footprint and is in support of the Kingdom’s carbon neutrality aspirations. The new project was established by installing solar panels on the roof of the employee car park to make the most of the Kingdom’s pleasant weather conditions and as an abundant renewable energy resource, which is an important step on its path to sustainability.During the official…
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, signed an agreement with Bapco Energies. This integrated energy company jointly explore the development and investment in wind projects in the Kingdom with a capacity of up to 2 gigawatts (GW).Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the agreement for near-shore and offshore wind farms. This will be Masdar Kingdom’s first project of its kind in the region and the Middle East. At up to 2GW, this clean energy project in collaboration will support the Kingdom of Bahrain to accelerate…
The Asian Development Bank (ADB) recently signed a $121.55 million financing package with Dynamic Sun Energy Private Limited. This collaboration is undertaken to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, Bangladesh. The plant is the country’s first private sector utility-scale solar facility to secure support from global financiers. ADB arranged, structured, and syndicated the debt package as the sole mandated lead arranger and bookrunner. The financing package comprises a $46.75 million loan from ADB, a syndicated B-loan of $28.05 million from ILX Fund I, an Amsterdam-based emerging market private credit fund focused on supporting…
The Qatar General Electricity and Water Corporation “Kahramaa” recently shared its plans to launch its Qatar National Renewable Energy Strategy (QNRES). Qatar is one of the leading exporters of Liquified Natural Gas (LNG) and relies heavily on thermal sources of energy to cater its electricity demands. As per the strategy prepared by the authority, it has planned to increase the share of renewable energy in the country from the existing 5 percent to 18 percent by 2030. The QNRES also plans to increase large-scale renewable power generation to about 4 GW by 2030. QNRES recommended the installation of distributed solar generation up…
Azerbaijan ministry of energy announced country’s first renewable energy auction with the support of the European Bank for Reconstruction and Development (EBRD), for a 100 megawatt solar power plant project in Gobustan.The public call for applications is accessible on the ministry’s website. Interested parties can ask for the request for qualification documentation from 30 April and are invited to submit their statements of qualification by 14 June. As Azerbaijan prepares to host the United Nations COP 29 climate change conference in Baku in November 2024. The country has committed to increasing the renewable energy share of its installed electricity-generation capacity…
Technip Energies has been awarded a contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman. This project is projected to award between €500 million and €1 billion of revenue and claims to use energy from solar farms. This plant in Oman is expected to use electric-driven motors instead of conventional gas turbines which will be powered by renewable electricity from a planned nearby solar farm which is expected to cover 100% of the annual power consumption of the LNG plant. The contract covers the Engineering, Procurement, and Construction (EPC) of a natural gas liquefaction…
Solar Power Europe in its recent report studied the role of solar in bringing energy security to the region. A recent study by Solar Power Europe found the electricity mix in Oman to be primarily based on natural gas. In 2022, almost 96% (38 TWh) of power generation came from natural gas, solar PV (1.5 TWh) accounted for almost 4%, while wind (0.1 TWh) for less than 1% (OPWP, 2023). The report found that the highest Global Horizontal Irradiation (GHI) is concentrated in the governorate of Dhofar, within the south of the country and in the northeast areas, where solar…
Nordex has received an order to supply 14 N163/5.X turbines from Borusan EnBW Enerji, a wind energy project operator and developer in Türkiye. At the end of March, Wind power company Nordex Group received an order to supply 14 N163/5.X turbines from Borusan EnBW Enerji. Enerji is a developer and operator of wind energy projects in Türkiye. The Delta4000 series turbines are projected for the 80 MW Pelit wind farm in the Sivas Province. The contract also includes a Premium Service for the turbines for 10 years. Based on the contract Delta4000 series turbines are expected to be used for…
GameChange Solar (GCS), a global supplier of single-axis solar tracking solutions for ground-mounted PV plants, formed a strategic partnership with Jiangsu Zhenjiang New Energy Equipment Co. Ltd. (JZNEE), a China-based listed company. This collaboration between Game Change Solar and Jiangsu marks a step towards enhancing local manufacturing capabilities for solar tracker components in the Middle East. Under this partnership, JZNEE will establish a local manufacturing facility in Dammam, KSA, to produce up to 3 GW, expandable to 5 GW, of solar tracker components for GCS’s Genius Tracker™. The goal is to have the facility operational by June 2024. This initiative…