Oman is set to initiate the third round of tenders for green hydrogen projects in early 2025, as announced by Hydrogen Oman (Hydrom), a state-owned entity. The announcement was made during the GH2 Investor Day, an event held under the patronage of Energy Minister Salim Al Aufi, where discussions centered on opportunities in green hydrogen and its role in the global shift toward cleaner energy. The event included leaders and investors to discuss the role of green hydrogen in global energy transition efforts. Discussions focused on improving local manufacturing, infrastructure development, and bidding mechanisms. These steps aim to strengthen Oman’s…
Author: Lakshita Kapoor
Wood, a global engineering and consulting firm, has secured $920 million in contracts across the Middle East in 2024. These projects focus on renewable energy, decarbonization, and energy transition in Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Among its recent work in renewable energy, Wood is collaborating with TotalEnergies in Iraq on a major integrated project. This includes front-end engineering design (FEED), detailed design, procurement support, and construction. The project also incorporates a flare gas reduction program, which has cut over 10 million tonnes of CO2 emissions annually. In Saudi Arabia, Wood is providing pre-FEED services for Saudi…
Saudi Arabia-based utility company ACWA Power recently submitted an application to the Capital Market Authority (CMA) for a capital increase. The proposed increase amounts to 7.125 billion Saudi riyals ($1.9 billion) and will be raised by offering discounted shares to existing shareholders, according to a statement from the Tadawul stock market authority on Thursday. The company stated, “ACWA Power announces the submission of an application to increase the Company’s capital by offering the rights issue to the Capital Market Authority.” ACWA Power has outlined plans to increase its annual investments over the period of 2024 to 2030. These investments are…
Algeria sent a delegation to the United States to discuss potential investment by GE Vernova in its renewable energy program earlier this week. The delegation, representing Algeria’s state-owned utility Sonelgaz, held meetings with GE Vernova executives in Atlanta with more discussions planned for later. The talks focused on GE Vernova’s involvement in Algeria’s plan to generate 15,000 megawatts (MW) of electricity from renewable sources by 2035. The plan, which was approved in 2020, is part of Algeria’s effort to reduce its reliance on oil and gas and to conserve its fossil fuel resources. Under the program, nearly 4,000 MW of…
Egypt is moving ahead with its renewable energy goals with the construction of a new solar photovoltaic (PV) factory in the Sokhna Zone, part of the Suez Canal Economic Zone (SCZONE). The project is being developed by the Chinese company Elite Solar. Walid Gamal El-Din, Chairperson of SCZONE, attended the ceremony marking the beginning of the factory’s construction in the TEDA Egypt industrial zone. The factory will specialize in producing N-type solar cells and assembling photovoltaic components, including wafers, cells, and modules. With a planned production capacity of 2 GW, the facility will be built on 78,000 square meters of…
Shavkat Mirziyoyev, President of Uzbekistan and Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman bin Abdulaziz, participated in the inauguration of three renewable energy projects in Uzbekistan. The projects are managed by ACWA Power. The new energy projects include the Bash and Dzhankeldy Wind Power Plants, which have a combined capacity of 1,000 MW. These wind plants are connected to the electricity grid to provide clean energy. Another project is the Samarkand Solar 1 and 2 projects, with a total solar capacity of 1,000 MW and a 1,000 MWh battery energy storage system. Additionally, the Tashkent Battery Energy Storage System…
OQ Alternative Energy (OQAE) has partnered with France’s TotalEnergies to build renewable energy projects in Oman with a total capacity of 300 megawatts (MW). The electricity generated will be supplied to Petroleum Development Oman (PDO) through long-term Power Purchase Agreements (PPAs). The projects include three renewable energy developments: the 100 MW North Solar project in Saih Nihaydah in northern Oman, and two wind projects, Riyah-1 and Riyah-2, located in Amin and West Nimr fields in southern Oman, each with a capacity of 100 MW. Together, the projects will produce over 1.4 terawatt-hours (TWh) of electricity annually. Ownership of the projects…
Dubai Electricity and Water Authority (DEWA) announced that its total installed power generation capacity from energy sources reached 16.779 gigawatts (GW) by the end of the third quarter of 2024. Of this, 17 percent of the total capacity came from clean energy sources. From January till September 2024, DEWA generated 45.14 terawatt hours (TWh) of electricity, which represents a 5.49 percent increase compared to the same period in 2023. DEWA also reported achieving a summer gross heat rate of 7,923 British Thermal Units per kilowatt-hour (BTU/kWh), which it described as its best operational performance so far. DEWA continues to develop…
Dubai-based Grandweld Shipyards announced it will meet all its energy requirements using solar power by 2025. This will be achieved through its 1.3-megawatt (MW) rooftop solar project, which is currently under development. The company made the announcement in a press statement. The solar project consists of two phases. Phase 1, which is already operational, has a capacity of 569 kilowatts peak (kWp). It currently supplies 50% of the company’s energy needs. Phase 2, expected to be completed in 2024, will bring the total capacity of the project to 1.3 MW. Once fully operational, the project will enable the company to…
Procter & Gamble (P&G), a global consumer goods company, has signed a solar lease agreement with Yellow Door Energy. The project involves installing a 500kWp solar carport system at P&G’s office in Jebel Ali Freezone Authority (Jafza), Dubai. Yellow Door Energy will finance, design, construct, commission, operate, and maintain the solar carport during the lease term. The system will include over 870 bifacial solar panels, which capture sunlight from both sides to improve energy generation. The project will be carried out in four phases to match P&G’s operational schedule. A ceremony was held on December 16, with representatives from both…