Saudi Arabia’s Public Investment Fund (PIF) has raised its investment in green projects to over $19.4 billion (Dh71.2 billion). This funding is aimed at supporting 91 projects focused on renewable energy, clean transportation, and other environmentally friendly sectors. According to PIF’s second ‘Allocation and Impact Report,’ released, the fund is currently financing 18 operational projects. These projects cover various sectors, such as renewable energy, energy efficiency, green buildings, clean transportation, sustainable water management, pollution prevention, and the sustainable management of natural resources. PIF has already committed $457 million (Dh1.6 billion) to these 18 projects. Out of this amount, $372 million…
Author: Lakshita Kapoor
Mondelez Egypt has announced that its chocolate and biscuit factories in Tenth of Ramadan city will now use 100% renewable energy. The company is switching from traditional electricity to green energy sources like wind and solar power. This change is part of Mondelez Egypt’s goal to become an environmentally friendly business with zero emissions. The company is working with the New and Renewable Energy Authority to make this transition possible. This move is in line with Egypt’s Vision 2030, which focuses on sustainable development and environmental protection. By using renewable energy, Mondelez Egypt is helping the country reduce carbon emissions…
The Emirates Water and Electricity Company (EWEC) has invited developers and consortiums to tender bids on a new wind power project located near the existing wind program in Al Sila. Al Sila wind project is a greenfield renewable energy project. The generation capacity to be achieved from this project will be up to 140 MW AC. Upon commissioning, the plant will produce double the generating capacity in the UAE. It would power 36,000 homes using clean electricity the wind farm would generate. It would save 190,000 tonnes of carbon dioxide emissions annually. The project will make Abu Dhabi support its…
Iraq plans to launch its first ever wind energy project as one of the means the country will use to curb electricity shortages and diversify its sources of energy. The Ministry of Electricity has chosen a location in Wasit province, Shihabi, for the project. The site was reportedly confirmed based on technical studies, having found that there was efficient wind speed and proper site conditions, as per the Al-Forat Report on Iraq’s Ministry of Electricity Plans. This project is set at the consultation stage. AMEA Power is among the companies undertaking talks with the ministry, according to reports by Ahmed…
Etihad Rail has awarded the Emerge, a joint venture between Masdar and the EDF Group, a contract to build and operate a 600kWp solar photovoltaic system with a 2.56MWh BESS that will assist in decarbonizing one of its most critical freight terminals located at the UAE-Saudi border. During the Abu Dhabi event, the Global Rail 2024, it signed the deal. The project will produce up to 85% of the electricity used in the terminal from solar. Etihad Rail’s statement did not mention what value, the timeline, and the duration of the contract for this project are, but it highlighted the…
Small Middle East countries like Bahrain, Kuwait, Oman, Qatar are slowly heading in the direction of increasing renewable energy capacity. These countries are fixated on clean energy to exploit full alternatives and lessen carbon emissions. As per the IEA Report, “The Renewables”, Installed renewable energy capacity in Bahrain has risen to 65 MW in the year 2023. Its ambition is to produce 10% of its electricity from sources of renewable energy by 2035. The initiative now includes the large-scale generation of solar power to achieve the target. Kuwait has targeted 15% of the production of its energy to come from…
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,…
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…