National Finance, a finance company in Oman, is providing funds to Sheida Industries. Sheida Industries is the first company in Oman to manufacture solar panels. The funding helps the company buy raw materials needed for production. Sheida Industries is based in the Sohar Industrial Area. It operates in a facility that covers 11,250 square meters. The company aims to reduce Oman’s reliance on fossil fuels by producing solar panels. This is part of the country’s broader plan to adopt renewable energy. Oman’s government has set a target to generate 30% of its electricity from renewable sources by 2030. These initiatives…
Author: Lakshita Kapoor
FTXT Energy Technology, a subsidiary of China’s Great Wall Motor (GWM), has signed a Memorandum of Understanding (MoU) with an Oman company Synergy. The partnership aims to develop the hydrogen energy market in the Middle East. Under the MoU, both companies will work together on research, development, production, sales, and support services for hydrogen fuel cell commercial vehicles. This includes setting up technical support and after-sales service operations in Oman and other countries in the region. FTXT plans to use its expertise in hydrogen fuel cell technology to support Synergy with advanced hydrogen energy products and vehicles. Synergy will focus…
A partnership between Aljomaih Energy and Water Company (AEW) and TotalEnergies has finalized a 25-year power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC). The agreement involves the construction and operation of a 300 megawatts (MW) solar power facility, Rabigh 2, in Saudi Arabia. This project is part of Saudi Arabia’s fifth round of the National Renewable Energy Programme (NREP). The initiative focuses on increasing the role of renewable energy and gas in electricity production to reach an equal balance of 50% by 2030. This approach aims to reduce reliance on liquid fuels, as outlined in the Vision…
Nama Power and Water Procurement Company (PWP), Oman’s primary authority for procuring electricity and water, has initiated the qualification process for its Al Kamil Solar Independent Power Project (IPP). The project aims to add 280 megawatts (MW) of solar energy to the country’s electricity grid through private sector participation. The Al Kamil Solar IPP will be developed in Al Kamil Wal Wafi in South Al Sharqiyah Governorate, covering a land area of 3.2 million square meters. The plant is scheduled to begin commercial operations by the fourth quarter of 2027. The estimated cost of the project is RO 85 million,…
TotalEnergies and EDF Renewables have announced plans to build solar parks in Saudi Arabia. The agreements were made during a visit by French President Emmanuel Macron to Riyadh earlier this week. TotalEnergies will construct a 300 Megawatt (MW) solar park in Rabigh Industrial City. The project is in partnership with Aljomaih Energy and Water Company, a Saudi firm. It is expected to begin operation in 2026. EDF Renewables will develop two solar parks with a total capacity of 1.4 GW. These include the 1 GW Al-Masaa project and the 400 MW Al-Henakiyah 2 project. EDF is partnering with China’s State…
Envision Energy has signed an agreement with local partners in Kazakhstan to create a localized manufacturing facility. This facility will produce equipment for renewable power plants and energy storage systems. Green tech Corp, Envision Energy plans to provide technical support in designing, manufacturing, and operating renewable systems in Kazakhstan. By establishing local production units, the project is expected to reduce dependence on imported equipment, lowering transportation costs and minimizing environmental impact. Currently, Kazakhstan relies on export for its energy needs. The new manufacturing site aims to produce equipment domestically, which should stabilize energy supplies. This shift will improve the nation’s…
Pele Green Energy announced the financial close of the Sonvanger Solar PV Power Plant in the Free State province of South Africa. This project, developed in partnership with Glencore’s ferroalloys division and Merafe Resources, is a 100-megawatt (MW) solar facility. The cost to set up the plant is about R2.1 billion (USD 116 Million). Pele Green Energy stated that this plant will contribute to renewable energy generation in the country. According to Pele Green Energy, “the project will be funded through a combination of debt and equity. Debt financing is being provided by South Africa’s Nedbank Group and Absa Group.”…
Turkey announced plans to invest $100 billion in renewable energy by 2035. Energy Minister Alparslan Bayraktar outlined this during the Turkish-German Energy Forum. The plan aims to transition the country to a carbon-neutral economy by 2053. As part of the plan, Turkey will increase its wind and solar energy capacity from the current 31,000 megawatts (MW) to 120,000 MW by 2035. The government also aims to triple its electricity interconnection capacity with Europe. By 2035, it is expected that 77% of Turkey’s electricity will be generated from domestic and renewable sources. Several recent renewable energy projects are part of this…
Chinese electric vehicle (EV) company BYD has launched a new sodium-ion battery energy storage system (BESS) product, called the MC Cube-SIB ESS. The product uses BYD’s proprietary Long Blade Battery cell and has an energy storage capacity of 2.3MWh. According to BYD Energy Storage’s UK and Ireland head Kai Wang, “the MC Cube-SIB ESS is the world’s first high-performance sodium-ion BESS product. It has a nominal voltage of 1200V, and a voltage range from 800V-1400V.” The product’s energy density is lower than that of lithium-ion batteries, but it has a number of advantages, including a higher charge/discharge rate, a broader…
The Saudi Power Procurement Company (SPPC) has named 11 developers eligible to participate in the sixth round of renewable energy projects. These projects are part of the National Renewable Energy Program (NREP), led by the Ministry of Energy. This round includes a total capacity of 4,500 MW, divided between wind and solar projects. Among these is the Dawadmi Wind Independent Power Producer (IPP) project, which will produce 1,500 MW and be built in Saudi Arabia’s Central Province. Four additional solar projects, with a combined capacity of 3,000 MW, are also included in this phase. The prequalified developers for these projects…