Tabreed, the UAE-based international district cooling company, has released its consolidated financial results for the first six months of 2024 and announced changes to its Board of Directors. The results demonstrate exceptional financial health driven by business growth, sustained profitability margins, and a commitment to sound financial discipline. Tabreed experienced an 8% year-on-year surge in consumption volumes, reflecting rising cooling demand during the summer and continued strategic expansion over the past 12 months. As a result of strong operating performance, the company delivered a normalized net profit before tax of AED 291 million – an increase of 4% compared to…
Author: Chitrika
Israel’s National Planning and Building Committee has approved new regulations requiring all new non-residential buildings and houses to install solar panels on their roofs. The National Planning and Building Committee today approved new regulations requiring all new non-residential buildings and houses to install renewable energy systems with solar panels on their roofs.As part of the regulations led by the Ministry of Energy and Infrastructure and the Planning Administration with the Ministry for Environmental Protection and the Israel Electric Authority, all new buildings that are not residential with a roof area larger than 250 square meters will be obligated to install…
Qatar Investment Authority (QIA) made an initial $180m investment in TechMet, reflecting QIA’s commitment to secure the supply of responsibly sourced critical minerals. TechMet is an investment company focused on building businesses across the critical minerals value chain, from extraction and processing to refining and recycling. This investment aligns with QIA’s ambition to invest in a broad range of areas in the industrials sectors such as critical minerals, which are required to advance the clean energy transition and to help address the growing demand in the global market for sustainable energy solutions. Through this investment, QIA is supporting TechMet’s mission…
The Asian Development Bank (ADB) has approved a $21 million grant as additional financing to expand the supply of renewable energy in Tajikistan by further modernizing the Golovnaya hydropower plant.“The electricity from the Golovnaya hydropower plant goes to national and regional grids, benefiting Tajikistan and neighboring countries,” said ADB Director General for Central and West Asia Yevgeniy Zhukov. “ADB’s support improves regional energy security, contributing to inclusive, sustainable economic growth and balanced regional development.”The additional financing will replace the power generation unit 4 at the Golovnaya hydropower plant. Unit 4, which was not part of ADB’s original project approved in…
EWEC (Emirates Water and Electricity Company), an integrated company engaged in planning, purchasing, and supply of water and electricity across the UAE, extended a clean energy partnership agreement with Mediclinic Middle East, a private healthcare provider based in the UAE.Under the agreement, EWEC is expected to provide all of Mediclinic’s advanced facilities in Abu Dhabi, including its international standard hospitals and comprehensive primary care clinics, with electricity generated using clean energy sources twenty-four hours a day, seven days a week. This will be verified using Clean Energy Certificates (CECs), which guarantee that electricity consumed by an entity has been produced…
AMEA Power, one of the fastest-growing renewable energy companies, announced today the of a 24 MWp Solar Photovoltaic (PV) Project in Uganda.The groundbreaking ceremony, which took place today, was attended by Hon. Ruth Nankabirwa Ssentamu, Minister of Energy and Mineral Development of Uganda who was the Guest of Honour, Irene Bateebe, the Permanent Secretary – Ministry of Energy and Mineral Development, and Aqueel Bohra, Chief Investment Officer, AMEA Power.Senior representatives from the Uleppi Sub-county, the Madi Okollo District, local Members of Parliament, the Ministry of Energy & Mineral Development, Uganda Electricity Transmission Company Limited, the Electricity Regulatory Authority, the Ugandan…
EWEC (Emirates Water and Electricity Company), an integrated supplier of water and electricity across the UAE, extended a clean energy partnership agreement with Mediclinic Middle East. Under the agreement, EWEC will provide Mediclinic, a private healthcare provider based in the UAE with advanced in Abu Dhabi. This included its international standard hospitals and comprehensive primary care clinics, with electricity generated using clean energy sources twenty-four hours a day, seven days a week. This will be verified using Clean Energy Certificates (CECs), which guarantee that electricity consumed by an entity has been produced using clean energy sources. The agreement is an…
Trina Solar, a smart PV and energy storage solution provider, completed and inaugurated a 70MW photovoltaic power station in the Arabian Peninsula. Utilizing Trina Solar’s advanced Vertex N 720W (NEG21C.20) series module, this milestone supports the journey towards a cleaner, more sustainable energy future.“The successful completion of this solar power station is a testament to our commitment to advancing renewable energy solutions in challenging environments,” commented Zhao Lei, Head of Strategic Key Accounts at Trina Solar. “The Vertex N 720W series modules not only deliver exceptional performance and reliability but also embody our mission to drive sustainable energy practices regionally…
Saeed Mohammed Al Tayer, managing director (MD) and Chief Executive Officer (CEO) of Dubai Electricity and Water Authority (DEWA) announced the completion of DEWA’s pilot Virtual Power Plant (VPP) project, the first of its kind in the region. This project is one of DEWA’s pioneering initiatives to revolutionize the management of Distributed Energy Resources (DERs) and enhance energy sustainability. Al Tayer emphasized the importance of a resilient distribution network in ensuring a reliable and sustainable energy supply, crucial for accelerating the achievement of net zero by 2050.The VPP utilizes advanced digital technology, including aggregation, orchestration, Artificial Intelligence (AI) forecasting, and…
Larsen & Toubro (L&T) recently won multiple orders to build grid elements forming the backbone of the clean energy transition. The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won new orders in India and abroad for establishing substations and transmission lines which are crucial elements of the vast, interconnected electricity network. A strengthened grid speeds up the clean energy transition and ensures a reliable, resilient power supply. In India, PT&D has received orders to execute two 765kV Double Circuit Transmission Line packages which are associated with the evacuation of power from the Jaisalmer/ Barmer Renewable Energy…