Arab nations are showing considerable progress in the renewable energy sector as renewable energy generation projects in the Arab countries are expected to reach nearly 92 percent of the region’s total targets by 2030. This was disclosed by the Global Energy Monitor report. The Arab region currently produces more than 12 GW of wind and solar energy, the report said. “In 2013, the Arab League clean energy initiative pledged to increase the region’s installed renewable power generation capacity from 12 GW to 80 GW by 2030,” said the report. The report noted that Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 GW, which is nearly…
Author: Rashida
African Trade & Investment Development Insurance (ATIDI) will be supporting the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent Power Producer (IPP). As per the statement, ATIDI will support the project via its Regional Liquidity Support Facility (RLSF) by providing payment guarantees for the benefit of the project on behalf of the Ugandan national power utility, Uganda Electricity Transmission Company Limited (UETCL). The MoU was signed during the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai. Commenting on the deal ATIDI CEO Manuel Moses said, “At ATIDI, we believe…
Saudi Arabian Mining Company, Ma’aden and GlassPoint, a dealer in decarbonising industrial process heat have plans to build a Technology Showcase for its solar steam technology during the ongoing Future Minerals Forum in Riyadh. The Technology Showcase marks the first stage of project development for the world’s largest industrial solar thermal project and will have capacity to supply nine tons of steam per hour to begin decarbonising Ma’aden’s aluminum supply chain. “The technology showcase will combine direct generation of heat and storage to provide a continuous base load of steam to the Saudi group’s alumina refinery at Ras Al Khair,”said the firm. Initial capacity will be about…
French renewable company–EDF Renewables and Korea Western Power Corporation (KOWEPO) have reached a financial close on a 500MW solar PV plant in Oman. The Manah 1 project in the Al Dakhiliyah Governorate in Oman is under a 20-year power purchase agreement (PPA) with the Oman Power and Water Procurement Company (PWP). The project is expected to begin in the first quarter of 2025. As per the firm, over one million bifacial PV modules will be deployed at the site on single-axis trackers. The investors include French, Korean and Omani lenders the Export-Import Bank of Korea, European bank Société Générale and Oman Bank Muscat through…
United Arab Emirates (UAE) and Azerbaijan have signed a series of documents to accelerate their cooperation in renewable energy. To this end, UAE President Sheikh Mohamed bin Zayed Al Nahyan and Azerbaijani President Ilham Aliyev met in Baku to explore new opportunities in renewables and further expand the partnership. “Our cooperation is multifaceted, spanning many areas. In the recent past, significant strides have been taken in the energy sector, particularly in the green energy field,” Azerbaijan President Ilham Aliyev said during the meeting. During the meeting, four agreements were signed to redefine the primary objectives of the extensive collaboration on green energy between…
Egypt’s New and Renewable Energy Authority and a coalition led by Saudi Arabia’s ACWA Power have signed a leasing agreement to establish a wind farm with a capacity of 1.1 gigawatts. The project’s estimated value, located in the Suez Gulf and Gabal El Zeit, is $1.5 billion. It is expected to contribute to reducing carbon emissions by 2.4 million tons and fuel consumption by 840,000 tons, in addition to creating around 6,000 direct and indirect jobs and providing electricity to one million residential units. As per the reports, the turbines installed in the farm will be the highest in the…
The Saudi Ministry of Energy and NEOM have entered a deal to enhance cooperation in the energy fields. According to the local reports, the MoU outlines the collaboration between the two sides to develop modern technologies in the energy sector, following applicable laws and regulations. “ It also includes periodic monitoring and evaluation of achievements and areas of improvement, as well as providing technical and organisational solutions in areas such as renewable energy technologies, hydrogen, sustainability, and innovation,” said the firm. Furthermore, the partnership aims to coordinate and integrate the two organizations with various energy system entities, including the Water…
Bolstered by several solar projects in the pipeline, Iraq is anticipating a gradual switch to solar and other renewable energy sources as part of a strategy intended to ease pressure on its hydrocarbon resources. This was disclosed by Mudher Saleh, the adviser to Iraq’s Prime Minister Mohammed Al-Sudani. As per the local reports, Mudher Saleh said that OPEC’s second-largest oil producer expects a sharp increase in the share of renewable energy sources in its energy mix in the next few years following the award of several solar power projects to foreign companies. Saleh said Iraq is encouraged by the fact…
Global solar tracking company Arctech announced that its SkyWings single-axis solar trackers have enabled the on-schedule grid connection of the first 400 MW phase of China Energy Engineering Group’s (CEEC) 1GW solar project in Uzbekistan. The country reportedly utilized 97 percent of its renewable energy potential. Uzbekistan is spearheading an ambitious energy transition strategy to achieve carbon neutrality by 2050. As a major partner in Uzbekistan’s infrastructure development with over $8.1 billion in green investments, CEEC’s project ushers in a new era of renewable breakthroughs. It may be noted that Arctech has completed over 3GW of contracts in Uzbekistan. As per the firm, Arctech’s industry-leading solar trackers…
Oman’s Nama Power and Water Procurement (PWP) will soon initiate a Request for Proposals (RFP) for the Ibri III Solar Independent Power Project (IPP). The proposed 500 MW capacity solar PV project is planned for implementation on a 10 million m2 site adjoining the existing Ibri II Solar PV project in Al Dhahirah Governorate. Nama PWP said the new project marks a significant milestone in the pursuit of clean and efficient power generation in Oman. “As part of its ongoing commitment to fostering sustainability and environment, Nama PWP invites qualified and experienced entities to submit their proposals for the Ibri…