In line with the UAE’s Net Zero by 2050 Target and 2050 Clean Energy Strategy, Dubai Investment Real Estate (DIR), a leading real estate developer in the UAE, Al Mujama, a leading Owners Association in the UAE, Yellow Door Energy (“YDE”), the leading sustainable energy provider for businesses in the Middle and Africa, and Clyde Engineering, today successfully inaugurated a 1.2 megawatt-peak solar power system.The solar power system is spread across 9 residential buildings in the premier residential community of RITAJ, located in Dubai Investments Park. Over 2,000 solar panels have been installed on the roofs of the buildings, producing…
Author: Chitrika
Recently, Egypt’s Minister of Electricity and Renewable Energy Mahmoud Essmat reiterated his commitment to completing the Saudi-Egypt electricity interconnector project by early summer 2024. He emphasized on the importance of close collaboration and coordination between all involved parties.The project, expected to be operational in two phases, will create new opportunities for Egypt and Saudi Arabia, with the first phase scheduled to begin in July 2025. The project is expected to be fully operational by early 2026 and is estimated to cost $1.8 billion.Essmat has been holding intensive meetings with stakeholders responsible for project implementation, as well as representatives of relevant…
Arabia – Acwa Power, a leader in power generation and water desalination plants, has announced that its 700MW AlRass1 Solar Photovoltaic Project located in the Qassim province of Saudi Arabia has entered into commercial operations.The project was developed through Ar Rass Solar Energy Company, a special-purpose vehicle established by Acwa Power (with a 40.1% stake) to finance the engineering, procurement, commissioning, and operation of the plant facility.The Acwa consortium partners include the State Power Investment Corporation of China with a 39.9% stake and the Water and Electricity Holding Company (Badeel), a wholly-owned PIF Portfolio Company with 20% share in the…
AMEA Power, one of the fastest-growing renewable energy companies, announced today the signing of a Power Purchase Agreement (PPA) and Implementation Agreement (IA) with Ethiopian Electric Power for the development and operation of a 300MW wind energy project in Ethiopia. This significant milestone marks a major step forward in AMEA Power’s commitment to renewable energy and sustainability in Africa.The signing ceremony, which took place on Saturday August 17th 2024, was attended by H.E. Ato Ahmed Shide, Minister of Finance of Ethiopia; H.E. Sheikh Shakhboot Bin Nahyan Al Nahyan, Minister of State for Foreign Affairs of the UAE; H.E. Mohamed Salem…
The UAE’s clean energy powerhouse, Masdar, and Infinity Power have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy generated by an onshore wind project, located in Ras Ghareb, Gulf of Suez region.Once constructed, the wind farm will have a capacity of 200MW and is estimated to produce 810,000MWh per year. Consequentially, it is predicted to avoid 403,672 tonnes of CO2eq emissions per year, helping to support Egypt’s sustainability ambitions.This venture will serve as the latest in a series of developments to expand Infinity Power’s portfolio. As the…
Egypt has launched its first regulated voluntary carbon market for registering, issuing, and trading carbon reduction certificates, a significant step towards achieving economic and environmental sustainability, according to Rania Al-Mashat, Minister of Planning and Economic Development.Al-Mashat, speaking at a conference announcing the completion of regulatory frameworks for carbon reduction projects at the Financial Regulatory Authority (FRA) headquarters in the Smart Village, said the launch signifies Egypt’s commitment to innovative policies for mitigating climate change.“The establishment of this market is the result of collaboration between all relevant parties, including development partners,” Al-Mashat said. She highlighted the role of the Development Policy…
QNB Group, a large financial institution in the Middle East and Africa has now become the first bank in Qatar to join the Partnership for Carbon Accounting Financials (PCAF). This membership reflects QNB Group’s commitment to combating climate change as part of its strategic focus on sustainability. The partnership with PCAF further enables the Bank’s support of the State of Qatar’s ratification of the Paris Agreement and its Nationally Determined Contributions. PCAF membership facilitates the Bank’s measurement of greenhouse gas emissions arising from its loans and investments, ensuring greater transparency and accountability of the Bank’s environmental impact. PCAF supports this…
Saeed Mohammed Al Tayer, Managing Director (MD) and Chief Executive Officer (CEO) of Dubai Electricity and Water Authority (DEWA), announced that DEWA has commissioned 558 11 kV distribution substations across Dubai in the first half of 2024. The construction of these substations and related work resulted in a total of 420,350 man-hours, all completed according to the highest standards of health and safety.Al Tayer emphasized that DEWA continues its efforts to keep pace with Dubai’s significant development and growth, meeting the increasing demand for electricity while maintaining power supply according to the highest standards of availability, reliability, and sustainability.“We follow…
To bolster cooperation between Egypt’s electricity sector and the European Investment Bank (EIB), Minister of Electricity and Renewable Energy, Mahmoud Esmat met with EIB’s head of the Cairo regional office, Guido Clary. Discussions during the meeting centered on identifying opportunities for collaboration between the ministry and the EIB, including enhancing electrical connections with neighboring countries, establishing distribution network control centers, supporting the development of a unified grid, and advancing projects in renewable energy.At a meeting with Clary’s delegation at the ministry’s headquarters in Al Alamein City, Esmat praised the fruitful partnership between the electricity ministry and the EIB, which has already…
Australian technology company InSky Robotics is establishing its first GCC facility, VIM Solar Robotics, in Al Hamra, Ras Al Khaimah. This strategic move is designed to cater to the increasing demand for robotic solutions within the solar energy sector across the GCC region.The new facility will be dedicated to assembling, storing, and supplying VIM Solar Robotics’ advanced VOLTIMATE robotic cleaners setting the global standard in automated cleaning for solar farms. Designed to function mechanically without batteries or complex electronics, these robots are well-suited to withstand severe weather conditions. They boast a lifespan of over 20 years, aligning with that of…