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…
Author: Lakshita Kapoor
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…
The UAE’s leading clean energy company, Masdar, announced that it plans to buy Saeta Yield from Brookfield Renewable and its partners for an enterprise value of about $1.4 billion (€1.2 billion). Saeta is an independent developer, owner, and operator of renewable power assets. The deal includes a 745-megawatt (MW) portfolio, including 538MW of wind assets: 538 MW of this in Spain, 144MW in Portugal, and 63MW of solar PV assets in Spain. It also includes a 1.6-gigawatt (GW) development pipeline. Brookfield will retain separately a 350MW portfolio of concentrated solar power assets. This is one of Spain’s biggest renewable deals,…
Azerbaijan government in an agreement with Acwa Power Azerbaijan Renewable Energy LLC and the International Bank of Azerbaijan have approved the direct investment agreement to build a 240-megawatt wind power facility.The decree signed last week permitted the agreement finalized on 26 July 2024 as a pilot project. It is one of Azerbaijan’s renewable energy capacity improvements as per national adaptation strategy: renewable energy technologies will be 30% in 2030.Expected cost for the setting up the plant is USD 300 million which will be constructed in the Khizin district, near the capital city of Baku. The plant will hold 3.7% grid…
Sharjah Road and Transport Authority (SRTA) has launched the first phase of electric buses to be used in the favour of the Climate Neutrality 2050 initiative. “The ten electric buses will be running on three intercity lines to promote green public transportation toward achieving environmental sustainability”, SRTA said. It follows Abu Dhabi’s September 12 launch of green buses. The green buses in Abu Dhabi operate on both electricity and hydrogen. This was discussed by Anan Alamri, head of section at ITC’s Alternative Sustainable Mobility, Public Transport Affairs Sector, during ‘The Journey to Net Zero Forum’. Abu Dhabi buses run on…
According to a report by Energy Industry Council (EIC), the Middle East is set to benefit from an investment of $75.63 billion in renewable energy project. The investment covers 116 renewable energy projects that are expected to come into operation between 2025 and 2030, according to EIC DataStream. They range from solar power, onshore wind, hydrogen production, carbon capture, utilization and storage (CCUS), geothermal energy, to energy storage systems. While more investment in renewable energy is envisaged, the International Energy Agency sees that only 20% of total investments in the Middle East will be toward renewable energy. More emphasis on…
EDF Renewables, Korea Western Power (KOWEPO) and Abu Dhabi Future Energy Company PJSC – Masdar have secured a successful financial close of the Al Ajban Solar Photovoltaic (PV) Independent Power Producer (IPP) project. This is a 1.5 GW project in the Emirate of Abu Dhabi. Masdar owns 60% of share, while EDF Renewables and KOWEPO have 20% share. The partnership concluded a 30-year Power Purchase Agreement (PPA) with EWEC, which is the Emirates Water and Electricity Company. The agreement designates financing, construction, and operation of the plant. Bank commitments from BNP Paribas, Credit Agricole CIB, Standard Chartered Bank, HSBC Middle…