Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ clean energy powerhouse, has signed agreements with three Norwegian companies that reinforce its longstanding collaborations with the Nordic country. The announcement of the agreements occurred during an official visit to Norway by Abu Dhabi’s Crown Prince HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. During the visit, the UAE-Norway Investment Forum brought together a senior delegation of leaders to discuss bilateral investment opportunities between the two nations. The UAE and Norway have a robust bilateral relationship, fostered by strong leadership and anchored in a shared legacy and…
Author: Chitrika
Eco Wave Power Global AB (publ) (Eco Wave Power) a publicly traded onshore wave energy technology company today announced the signing of an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy Co. (I-Ke), a subsidiary of Lian Tat Company (Lian Tat), a leading maritime engineering company, to bring Eco Wave Power’s wave energy technology to Taiwan.According to the terms of the agreement, I-Ke intends to provide the full financing for the 100KW pilot project, by buying a turnkey conversion unit from Eco Wave Power. This conversion unit for the 100KW wave energy…
Dubai Airports has announced a landmark collaboration with Etihad Clean Energy Development Company, a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa), to launch the world’s largest rooftop solar panel installation project at its airport. This phased project, totalling 39MWp of clean energy, which will be fully operational by 2026, involves the installation of 62,904 solar panels across Dubai International (DXB) and Dubai World Central – Al Maktoum International (DWC) airports. Set to generate 60,346MWh power annually, it marks a significant stride toward decarbonising airport operations. The announcement was made in the presence of Sheikh Ahmed bin Saeed Al…
Bahrain’s Deputy Prime Minister, Shaikh Khalid bin Abdullah Al Khalifa, recently inaugurated a new 220 kV electricity transmission station and a water distribution station at the Al Hidd Housing Project. The stations, which together cost $85 million, are part of the government’s efforts to enhance infrastructure and meet the growing demand for essential services in the country, said a report by the Bahrain news agency BNA. The electricity station has a capacity of 360 MVA and is expected to serve nearly 40,000 users in Hidd and surrounding areas by transmitting power from the main electricity grid to the local 66 kV…
Abu Dhabi Future Energy Company PJSC – Masdar (Masdar), the United Arab Emirates’ clean energy powerhouse, recently acquired a 50 percent stake in Terra-Gen Power Holdings II, LLC (Terra-Gen), an independent renewable energy producers in the United States, from Energy Capital Partners (ECP). ECP, one of the largest private investors in power and renewable assets in the United States, has fully exited its position in Terra-Gen in connection with the closing of the transaction. Igneo Infrastructure Partners (Igneo), a global infrastructure investment manager, retains its existing 50 percent stake in Terra-Gen. Representing one of Masdar’s largest transactions, the deal further cements…
A consortium comprising Saudi-listed ACWA Power, the Water and Electricity Holding Company (Badeel), a wholly owned company of PIF and Saudi Aramco Power Company (SAPCO), a wholly owned unit of Aramco, has secured financial close on 5.5 gigawatt (GW) solar PV projects worth 12 billion Saudi riyals ($3.2 billion). These initiatives are part of Saudi Arabia’s National Renewable Energy Program, which is overseen by the Ministry of Energy and is reflected in PIF’s commitment to develop 70 percent of the country’s renewable energy target capacity by 2030. “Financial closure of the projects signals our dedication and commitment to providing clean,…
MediSun Energy and MOAJ Holding formed MediSun Arabia, a joint venture designed to drive innovative energy solutions and tackle water scarcity in Saudi Arabia. As part of this strategic partnership, MOAJ Holding will invest USD 30 million to establish a cutting-edge manufacturing facility and co-develop a Saudi Brine Management Program with MediSun Energy. The venture will include the construction of a manufacturing hub to produce MediSun’s WEGen stacks, critical components supporting renewable energy projects across the region. This facility will boost local industrial capabilities and play a central role in Saudi Arabia’s renewable energy transition, aligning with Saudi Vision 2030. Additionally, MOAJ Holding will…
Minister of Electricity and Renewable Energy, Mahmoud Esmat, outlined key targets during the BRICS Energy Ministers Conference, including the goal for renewable energy to comprise over 42 percent of Egypt’s energy mix by 2040 and ambitions to capture 5-8 percent of the global trade for green hydrogen by the same year. During the opening of the conference in Moscow, Esmat highlighted Egypt’s commitment to transitioning to sustainable energy sources and leveraging its abundant renewable resources, particularly solar and wind energy. Esmat noted that Egypt’s strategy focuses on effectively managing and maximizing the benefits of its natural resources while aiming to…
Recently, Sungrow, the world’s leading inverter seller in 2023, delivered 66 sets of its energy storage system, PowerTitan 2.0, in the UK, demonstrating its acceleration of energy storage deployment in Europe. In the Middle East, over 1,500 sets of PowerTitan 2.0 are set for deployment, contributing to one of the world’s largest energy storage projects with a capacity of 7.8 GWh. Similarly, in Asia, multiple PowerTitan 2.0 projects have been successfully commissioned, showcasing impressive performance in cost reduction, safety, grid forming, etc. PowerTitan 2.0 has been rapidly gaining global traction, pioneering the energy storage industry’s transition into the AC Block…
Saudi Arabia recently launched a tender seeking to award 4.5 GW of solar and wind energy projects across the Kingdom. The Saudi Power Procurement Company (SPPC), responsible for tendering and offtaking the energy from the projects, has issued a request for a qualification (RfQ) for the sixth round of the National Renewable Energy Programme (NREP), which includes four solar and one wind energy projects. The project includes: Dawadmi Wind IPP – 1,500 MW in Riyadh Najran Solar PV IPP – 1,400 MW in Najran Samtah Solar PV IPP – 600 MW in Jizan Ad Darb Solar PV IPP – 600…