Three companies have been shortlisted as winning bidders to develop the Khazna Solar Photovoltaic (PV) Independent Power Project in Abu Dhabi, according to the Emirates Water and Electricity Company (EWEC). The three proposals are from ENGIE, a consortium comprised of EDF Renewables and Korea Western Power (KOWEPO), and a consortium comprised of Jinko Power and JERA, for the development of the new 1,500-megawatt (AC) Khazna Solar Photovoltaic (PV) Independent Power Project. This project will bring 1,500 megawatts (AC) of new solar power to the UAE, powering approximately 160,000 homes. The chosen bidders will collaborate with EWEC to build what will…
Author: Lakshita Kapoor
Madkour Group has been awarded a contract to construct a grid station in Oman to support the energy evacuation from a new wind farm. This wind farm is set to be developed at Jaalan Bani Bu Ali in the Al Sharqiyah South Governorate. The Oman Electricity Transmission Company (OETC), which operates the national grid, is the client for this project. This contract represents Madkour Group’s first venture into Oman’s energy infrastructure sector. The company will build a 132kV grid station linked to a wind farm that will have a capacity between 100 and 200 megawatts (MW). An overhead line of…
The UAE announced a plan to invest up to AED 200 billion (approximately USD 54 billion) in sustainable energy over the next six years. Suhail Al Mazrouei, the UAE Minister of Energy and Infrastructure, outlined this strategy during the opening of ADIPEC 2024, an annual event in the energy sector. The minister said this investment is part of the UAE’s strategy to meet increasing energy demands while moving toward net-zero emissions by 2050. The UAE’s commitment to reducing its carbon footprint includes diversifying its energy sources and relying more on clean energy. This includes plans to decrease carbon emissions from…
Iraq has initiated several solar and renewable energy projects in 2023 and 2024, one of the upcoming solar projects which Iraq is moving to finalize is a contract with Saudi Arabia’s ACWA Power to build a 1,000-megawatt (MW) solar power plant. The Iraqi News Agency reported that Iraq’s Electricity Minister, Ziad Fadil, met with ACWA Power’s management in Baghdad to discuss the project. During this meeting, the Minister emphasized the need to expedite construction. This planned solar power plant with ACWA Power forms part of Iraq’s broader renewable energy program, which aims to increase electricity production capacity using renewable sources.…
ADNOC, Masdar, and Microsoft have released a joint report titled “Powering Possible: AI and Energy for a Sustainable Future,” examining how artificial intelligence (AI) can support the global energy sector’s transition toward renewable and low-emission sources. The report discusses AI’s potential to improve energy efficiency, reduce greenhouse gas emissions, and drive innovations in renewable energy. The report surveyed over 400 experts in energy, technology, AI, academia, and finance. Participants included UAE Minister of State for AI Omar Al Alama, NVIDIA CEO Jensen Huang, and TotalEnergies CEO Patrick Pouyanné. The survey revealed that 92% of energy sector executives expect AI to…
Red Sea Global (RSG), developer of tourism sites AMAALA and The Red Sea, has announced the financial close of a $1.5 billion agreement for infrastructure development at AMAALA, a resort on Saudi Arabia’s Red Sea coast. The project, supported by a consortium led by EDF Group and Masdar along with Korea East-West Power Co. (EWP) and SUEZ, will provide AMAALA with renewable energy-based infrastructure, enabling off-grid power. The consortium reached the financial close for a 25-year multi-utility concession agreement with Red Sea Global. This contract includes financing, engineering, development, construction, operation, and maintenance of facilities for energy, water, and waste…
The Climate Investment Funds (CIF) has approved an investment to modernize Turkey’s power grid. The goal is to make the grid capable of handling more renewable energy, with a long-term plan to add solar and wind energy. The project involves an initial $70 million investment from CIF, which aims to attract up to $1 billion in total funding. The funding will support a $790 million expansion of Turkey’s transmission infrastructure and add $330 million for technology upgrades. CIF partnered with the European Bank for Reconstruction and Development (EBRD) and the World Bank on this initiative, hoping to leverage 15 times…
The construction of the Segdoud solar photovoltaic (PV) power plant in Tunisia is set to start in the second quarter of 2025. This 130-megawatt (MW) project is located in Redeyef, Gafsa Governorate. It is part of a public-private partnership (PPP) model aimed at increasing renewable energy capacity in the country. French renewable energy company Voltalia will develop and operate the solar power plant. The project is estimated to cost around 350 million Tunisian dinars, which is approximately $114 million. Voltalia was awarded the project in May 2024. The plant will cover an area of 200 hectares and will operate under…
Gotion High-Tech plans to build a gigafactory for electric vehicle (EV) batteries in Morocco. The construction is set to begin in June 2026. The total investment for this project is approximately $1.24 billion. The gigafactory will be powered by a 500-megawatt (MW) wind power plant developed by ACWA Power. This plant will also include a 2,000-megawatt-hour (MWh) energy storage system. ACWA Power and Gotion Power Morocco have entered into a Joint Development Agreement to work on this wind power facility. The total cost of this agreement is about $800 million. This gigafactory will be the first of its kind in…
Emirates Water and Electricity Company (EWEC) has received three proposals for the Khazna Solar Photovoltaic (PV) Independent Power Project (IPP) in Abu Dhabi. The proposals are from ENGIE, a consortium of EDF Renewables and Korea Western Power (KOWEPO), and a consortium of Jinko Power and JERA. This project will have a capacity of 1,500 megawatts (AC). The Khazna Solar PV IPP is EWEC’s fourth utility-scale solar power project. The previous projects are Noor Abu Dhabi, Al Dhafra Solar PV, and Al Ajban Solar PV. When the Khazna Solar PV IPP begins operations in 2027, EWEC’s total solar PV power capacity…