According to a new report put out by the International Energy Agency (IEA), Oman is turning out to be at the helm of renewable energy and green hydrogen production. The report titled “Renewables 2024” underlines Oman’s key role in driving Middle Eastern countries to achieve energy transition goals, especially through green hydrogen. The report includes Oman among the few countries in the Middle East likely to overachieve their national hydrogen production goals. The country aims to put enough solar and wind capacity by 2030 to produce at least 1 million tons of green hydrogen annually. According to the report, Oman,…
Author: Lakshita Kapoor
Saudi-based renewable energy company ACWA Power signed a letter of intent with the Asian Infrastructure Investment Bank (AIIB) to finance Uzbekistan’s winds energy projects. The agreement includes a four-year bridge loan of $150 million, which the company will use to support three 500 MW capacity wind farms. This loan agreement is backed by a corporate guarantee from ACWA Power, ensuring that the financial means for these projects will be secured. These wind farms will contribute towards Uzbekistan’s objective of increasing its renewable energy capacity. Uzbekistan targets renewable energy to generate 40% of electricity by 2030 with a target of 27…
Emirates airline has partnered with Etihad Clean Energy Development, a subsidiary of the Dubai Electricity and Water Authority (DEWA), to implement a solar energy program at the Emirates Engineering Centre in Dubai. This will involve development, engineering, procurement, construction, testing, and commissioning the solar photovoltaic facility at the Emirates Engineering Centre. About 39,960 will be installed at the facility. It is estimated that these will account for about 37% of the total annual energy consumed at this facility. When the solar facility is fully operational, it will have a total installed capacity of 23,177 kilowatts peak and expected to generate…
Qatar Electricity and Water Company (QEWC) in consortium with Qatar General Electricity and Water Corporation (KAHRAMAA) to plan the construction of a new power generation project. The proposed project is located in Ras Abu Fontas an industrial area on the coasts of Doha. The general objective is to build, own, and operate peak units with a production capacity of 500 MW. The objective of this project is, meeting the growing electricity demands of Qatar. The country has been on the steady grow both economically and in population sense, its need for energy grows larger and larger, hence the move to…
Global clean energy company Masdar in its 2023 Sustainability Report, reflected its experienced expansion in both clean energy portfolios and solar and hybrid projects. Masdar in its report said the company’s progress in expanding its renewable energy capacity was31.5 gigawatts (GW) at the end of 2023. The amount of clean energy generated by Masdar’s solar and wind projects stood at more than 26,700 gigawatt-hours (GWh) in 2023. As per the report, these projects helped save around 14 million tonnes of carbon dioxide equivalent or carbon dioxide for the year under review, from a little over 10 million the previous year.…
Emirates Water and Electricity Company (EWEC),Abu Dhabi’s utility, has released a tender for a new 1.5 GW solar power project in the Al Dhafra region. The project, named the Zarraf Solar PV project, is part of the UAE’s overall renewables strategy to further develop clean energy generation within the country. The Zarraf Solar PV project is the fifth of its size in the renewable power projects being developed by EWEC. It is keeping with the strategy of EWEC to speed up the deployment of renewable energy, as the company aims to add an average of 1.4 GW of new solar…
Abu Dhabi-based Masdar has announced achieving financial close on its 154MW Čibuk 2 wind farm project in Serbia, an important step in Serbia’s renewable energy development. The agreement was concluded at the RES Serbia 2024 forum. The Minister of Mining and Energy of Serbia, Dubravka Djedović Handanović, Masdar CEO Mohamed Jameel Al Ramahi, and Taaleri Group CEO Peter Ramsay were present at the signing. Masdar and Taaleri Energia, through their joint venture Masdar Taaleri Generation, are developing the project in partnership with New Energy Solutions-a leading Serbian developer in the renewable energy sector. The project is sponsored by UniCredit and…
The international research team has studied a stand-alone solar PV-hydrogen-powered electric vehicle charging station with integration of the lithium-ion (Li-Ion) battery. A report titled “Techno-economic analysis of standalone hybrid PV-hydrogen-based plug-in electric vehicle (EV) charging station” by researchers from Pakistan, Qatar, the UAE, and Iran studied the effect of incorporation of a Li-Ion battery. Under Jamshoro environmental conditions of southeastern Pakistan, the analysis used HOMER simulation software to analyze two different scenarios: a hybrid PV-hydrogen system and a PV-hydrogen-battery system. These two systems were compared based on their feasibility at a technical and monetary level. Daily solar radiation received in…
The European Bank for Reconstruction and Development (EBRD) sanctioned a loan of USD 80 Million for the construction of a Solar project in Azerbaijan. The Banka Solar project in Azerbaijan will produce 315 megawatts (MW) of solar power, increasing the country’s renewable energy capacity. This project is sponsored by Masdar, a leading Middle Eastern renewable energy arm. The project will use solar technology to harness sunlight and provide energy to the power grid. The Banka Solar is one of the steps on the curve of transition towards low-carbon energy in Azerbaijan. It is closely aimed at gradually decreasing thermal energy…
Integrated Energy and Chemicals leader Aramco signed a five-year Cooperation Framework Agreement with China National Building Material Group Co., Ltd. (CNBM), one of the world’s largest producers of building materials, to explore new opportunities in advanced materials and industrial development. Companies have identified a number of areas where they can cooperate and even set up a joint production facility in the Kingdom of Saudi Arabia to manufacture wind turbine blades, hydrogen storage tanks, building materials with lower carbon content, and energy storage solutions. Wail Al Jaafari, EVP of Technical Services at Aramco, said, “We look forward to expanding our efforts…