Saudi Arabia’s oil giant Aramco has announced the acquisition of a 50% stake in the blue hydrogen industrial gases business of Air Products Qudra (APQ), a joint venture between Air Products of the U.S. and Qudra Energy, a Saudi startup. The agreement, finalized on Tuesday, marks another significant step in Saudi Arabia’s ambitious plans to establish itself as a leading producer of hydrogen. Financial terms of the deal, which involves the Blue Hydrogen Industrial Gases Company (BHIG), have not been disclosed by Aramco. However, the transaction includes provisions for Aramco to procure hydrogen and nitrogen from the venture. Saudi Arabia…
Author: Lakshita Kapoor
RWE and Masdar have achieved a progress in the development of the Dogger Bank South (DBS) Offshore Wind Farms, located over 100 kilometers off the northeast coast of England. The UK Planning Inspectorate has accepted their Development Consent Order (DCO) application, marking the beginning of the examination phase. The DBS East and DBS West projects aim to provide electricity for up to three million typical UK homes. This acceptance moves the projects into the pre-examination phase, where they will undergo public scrutiny later in 2024. Combined, the two projects will feature up to 200 turbines with a total capacity estimated…
In a stride towards bolstering Saudi Arabia’s energy infrastructure, Aljomaih Energy & Water Company, in collaboration with Ajlan & Bros Group, Buhur for Investment Company, and the EDF Group, has announced the successful financial closure of the Taiba-2 and Qassim-2 combined cycle gas turbine (CCGT) power projects. These projects, boasting a total capacity of 3.96 gigawatts (GW), represent a crucial advancement in the Kingdom’s energy sector. The financing, totaling approximately $3.9 billion (equivalent to SAR 14.6 billion), has been secured through Equity Bridge Financing and Senior Debt facilitated by a consortium of leading financial institutions including Riyad Bank, Saudi Awwal…
Masdar Capital, the private equity arm of Abu Dhabi’s leading renewable energy company Masdar, has announced a strategic partnership with the Development Bank of Japan (DBJ) to establish a new renewable energy project platform. The Memorandum of Understanding (MoU) was formalized during the World Future Energy Summit in Abu Dhabi. This partnership, based on equal share investments, focuses on commissioned solar and wind projects across OECD nations, with particular emphasis on North America and Europe. Dr. Sultan Ahmed Al Jaber, CEO of Masdar, emphasized the significance of this collaboration, highlighting its role in diversifying energy sources through sustainable practices. “Masdar…
The latest Renewable Energy Statistics 2024 report by the International Renewable Energy Agency (IRENA) has sparked significant concerns in the Middle East, particularly in the United Arab Emirates (UAE), regarding the region’s progress towards sustainable energy goals. Released today, the report highlights a global surge in renewable energy capacity, with a remarkable 14% increase in 2023 alone. This growth continues a trend of 10% annual expansion since 2017, positioning renewable energy as a key contender to surpass fossil fuels in global power capacity. However, despite these gains, the Middle East remains challenged in meeting its renewable energy targets. According to…
RWE and Masdar achieved a key milestone for the DBS (Dogger Bank South) Offshore Wind Farms as the Development Consent Order (DCO) application has been accepted into the UK Planning Inspectorate examination phase.The DBS East and DBS West offshore wind farms, which could provide electricity for up to three million typical UK homes*, are located in shallow waters on the Dogger Bank over 100km off the northeast coast of England. The acceptance of the DCO application moves the projects into the pre-examination phase, which will become subject to a public examination later in 2024.Together, the projects will have up to…
In a significant stride towards sustainability, the Emirate of Sharjah marked a pivotal moment with the commencement of the largest solar installation to date. Spearheaded by the Sharjah National Oil Corporation (SNOC) in partnership with Emerge Limited, a joint venture between Masdar and the EDF Group, the 60MWp ground-mounted solar PV plant located at SNOC’s Sajaa Gas Complex promises to revolutionize the region’s energy landscape. This ambitious project is expected to generate ample clean energy, capable of offsetting a staggering 66,000 tons of CO2 emissions annually. To put this into perspective, it equates to removing over 14,600 cars from the…
In a groundbreaking development, the Centre for Advanced Materials (CAM) at Qatar University has unveiled a cutting-edge solar panel station equipped with autonomous dry-cleaning technology. This innovative project, detailed in the latest QU Research Magazine by CAM director Prof Mohammad Refa’at Irshidat, promises to revolutionize renewable energy efficiency within the university campus. The primary challenge addressed by this project is the accumulation of dust on solar panels, which significantly hampers their performance in Qatar’s arid climate. Led by Prof Irshidat and his team including Dr Zubair Ahmad and Dr Kishor Sadasivuni, the initiative introduces two autonomous cleaning systems. One utilizes…
Abu Dhabi National Oil Company (ADNOC) has designated a substantial 40% stake in its Ruwais liquefied natural gas (LNG) venture to global energy leaders Shell, TotalEnergies, BP, and Japan’s Mitsui, according to sources familiar with the matter. Scheduled for completion by late 2028, the project aims to significantly boost the UAE’s LNG production, increasing it by over 9 million metric tons annually. Each of the four companies—Shell, TotalEnergies, BP, and Mitsui—will acquire a 10% stake in the venture, underscoring their strategic involvement in expanding regional energy capabilities. Additionally, ADNOC plans to allocate a 5% stake to another partner, details of…
Denmark-based Global Container Shipping and logistics major AP Moller Maersk has launched Maersk Offshore Wind, that will provide installation services to the offshore wind market based on a new and state-of-the-art offshore Wind Installation Vessel (Maersk WIV) concept. The firm claims that the design and concept are estimated to reduce the installation time of offshore wind turbines substantially compared to conventional methods, thereby lowering the overall installation cost for the developers. The first vessel will be delivered in 2025. Denmark based firms like Vestas have enjoyed a strong position in the offshore wind market, expected to grow strongly to 2050,…