Ehiopia is gearing up for a renewable energy revolution, with the substantial increase in wind and solar power production. This boost signifies a significant shift towards sustainable energy sources positioning Ethiopia as a regional leader in its fight against climate change while meeting its energy demands. It may be noted that in recent years there has been a remarkable acceleration in the development and utilization of wind and solar power across the country. According to data released by the Ethiopian Ministry of Energy and Mines, wind energy production has experienced a fivefold increase over the past three years. This surge…
Author: Rashida
Lucid Motors Group is gearing up for full-scale car production in the Saudi Arabia. The company, known for its innovative electric vehicles, has announced plans to initiate the second phase of its operations in Saudi Arabia, involving the complete manufacturing of some of its car models. As per the firm, initially, Lucid’s plant in Jeddah primarily focused on the production of auto parts and the assembly of vehicles. However, the company now aims to transition into full-fledged manufacturing, indicating towards a major milestone in its Saudi operations. “We intend in the next period to announce the launching of the second…
Iraq and Saudi Arabia will be signing a historic partnership to construct a 1,000-megawatt solar power plant in Najaf. This ambitious endeavor signifies a paradigm shift in Iraq’s energy strategy, with its goal towards moving to transition by increasing renewable sources and decreasing dependency on Iranian gas, which has been strained due to sanctions. The impending contract, facilitated by Saudi Arabia’s ACWA Power, follows extensive discussions and signifies a landmark moment in bilateral energy cooperation. Iraq’s Electricity Minister, Ziad Ali Fadhel, expressed the government’s eagerness to bolster ties with Saudi Arabia, particularly in the energy sector, highlighting the strategic importance…
Abu Dhabi’s Masdar, the firm dealing in the renewable energy sector, is reportedly eyeing a stake in the US assets of Spanish energy giant Iberdola, according to a recent report. Further, it is reported that Masdar’s interest lies particularly in Iberdola’s onshore clean-energy operations in the United States. While discussions are said to be in their nascent stages, neither Masdar nor Iberdola has officially commented on deal. However, Iberdola clarified that although Masdar is an important strategic partner, they have not received any formal offer regarding the acquisition of stakes in their US renewables projects. Iberdola had previously announced its…
Iraq is making significant strides in sustainable energy development with its plan to establish a green hydrogen project. The project is spearheaded by the Iraqi Minister of Oil, Hayan Abdul-Ghani, with the goal to harness renewable energy sources, particularly solar power, to produce green hydrogen, a clean fuel that could help reduce the country’s carbon footprint and transition towards a low-carbon economy. The project entails the construction of a green hydrogen facility capable of producing 800 tons annually, along with a solar energy plant generating 130 megawatts of power. Additionally, efforts are underway to implement carbon conservation projects aimed at…
The Saudi Power Procurement Company (SPPC) has made significant progress in advancing Saudi Arabia’s renewable energy sector by selecting qualified bidders for the development of 3.7 GW of solar projects. This announcement is a part of Saudi Arabia’s fifth round of renewable energy tenders, highlighting the kingdom’s commitment to transitioning towards sustainable energy sources. Among the selected entities are globally renowned companies such as Masdar, EDF Renouvelables, and TotalEnergies, disclosing the strong interest of industry leaders in contributing to Saudi Arabia’s renewable energy goals. These solar projects, distributed across various provinces including the Sadawi project in the eastern province and…
Saudi Arabia and Greece have joined forces to establish a special purpose vehicle (SPV) called Saudi Greek Interconnection, marking a significant step towards their electricity interconnection project. Both Greece’s Independent Power Transmission Operator (IPTO) and Saudi Arabia’s National Grid will hold an equal 50% stake in this venture, with oversight from their respective energy ministries. The creation of Saudi Greek Interconnection underscores the commitment of both nations to explore the feasibility of linking their electricity grids. This initiative holds strategic significance, as it will establish the first-ever connection between Saudi Arabia and the European continent. The project aims to facilitate…
China has ambitious plans to bolster cooperation on critical projects, including solar projects, too. As per the reports, the recent visit of a Chinese delegation, representing a government-owned company, to Kuwait indicates a significant milestone in the burgeoning partnership between the two nations. The delegation engaged in intensive discussions amongst Dr. Salem Al-Hajraf, the Minister of Electricity, Water, and Renewable Energy, and the Minister of State for Housing Affairs,as per reports. This has come after the Amir’s trip to the People’s Republic of China last September, during which memorandums of understanding were inked to bolster cooperation on critical projects. The prime…
Saudi based ACWA Power is on the brink of proposing competitive tariffs for solar project of 600 MWp project risk in Pakistan. As per the reports, the firm has installed solar projects at Cents 2 per unit in UAE and Oman. However, ACWA’s interest in investing in Pakistan’s renewable energy sector has encountered bureaucratic impediments and the absence of a conducive legal framework for government-to-government (G2G) agreements and tariff determination. In a bid to boost ACWA’s interest, Pakistan’s ambassador, alongside the Saudi ambassador to Pakistan, met Mohammad Abunayyan, Chairman of ACWA Power to discuss the possibilities in the sector. Following…
Zero Carbon Ventures has collaborated with the Green Planet for Sustainable Environmental Solutions. This marks a significant step towards a sustainable future and a strategic net-zero agenda in Egypt. As per the firm, the establishment of Zero Carbon Green Planet (ZCGP) in Abu Dhabi Global Markets reflects a deep commitment to addressing environmental challenges while driving economic development. According to ZCGP’s mission, the implementation of a groundbreaking, patent-pending technology is designed to address waste gas emissions and organic waste at an unprecedented scale. This innovative system, developed by Zero Carbon Ventures, not only mitigates the release of greenhouse gases like…