Dubai Electricity and Water Authority (DEWA) and Masdar has signed a pact to build and operate the 1,800 megawatt (MW) phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park. The agreement is valued at Dhs5.51bn. The sixth phase of the project, set to be operational in stages starting from Q4 2024, will power over half a million residences while reducing carbon emissions by 2.36 million tonnes annually. Dr Sultan Al Jaber, UAE Minister of Industry & Advanced Technology, Chairman of Masdar and COP28 President-Designate, and Saeed Mohammed Al Tayer, MD and CEO DEWA signed the agreement in Abu…
Author: Saur News Bureau
Hydrom, a subsidiary of state-owned Energy Development Oman, is inviting global energy companies to participate in Round 2 public auction to develop green hydrogen production in Dhofar Governorate. It may be noted that the Round 2 public auction, officially launched last June, has given an opportunity for companies seeking to invest in sustainable energy projects. In its statement, Hydrom said, “the Round 2 Public Auction offers up to three prime blocks, ranging in size from 340 km2 to 400 km2, exclusively dedicated to green hydrogen production.” Hydrom aims to leverage Dhofar’s abundant renewable energy resources, including wind and solar power,…
To assess potential developments for green hydrogen, Saudi’s ACWA Power has signed strategic agreements with six Italian companies. In addition to green hydrogen, the partnership would also work towards water desalination and research & development. The deal was signed recently during the Saudi-Italian Investment Forum in Milan. The Saudi-Italian Investment Forum, jointly hosted by Saudi Arabia’s Ministry of Investment (MISA) and Italy’s Ministry of Enterprises, is symbolic of the enduring diplomatic relations that span over 90 years between the two nations. Currently, the bilateral trade between these countries amounts to approximately US$11 billion. In a statement, ACWA Power said that…
Trina Solar Co., Ltd., which delves into smart solar energy solutions for a net-zero future, has revealed that its revenue for the first six months of 2023 totalled US$7.13 billion, while the company delivered more than 75 GW of its 210mm modules in total by the end of June 2023. This is according to its latest financial report. The financial report for the first half of 2023 highlights several key milestones for Trina Solar, showcasing the company’s focus on providing convenience and value to customers. From January to June, Trina Solar demonstrated its expertise as an industry leader in 210mm…
The United Arab Emirates will be investing whopping $4.5 billion in clean energy in Africa. This was disclosed during the landmark climate summit hosted by Kenya, recently. The summit aimed at attracting funding for efforts to combat global warming. The three-day (4th September – 6th September) event in Nairobi, which began yesterday, will be bringing together African leaders to define a shared vision for green development on the diverse continent of 1.4 billion people. “We will deploy $4.5 billion to jumpstart a pipeline of bankable clean energy projects in this very important continent,” said Sultan Al Jaber, who heads the…
The consortiums of Abu Dhabi Future Energy Company, Masdar as well as of China’s Jinko Power have been shortlisted for the development of 1,500MW solar PV projects in the Saudi Arabia. This was announced by the Saudi Power Procurement Company (SPPC), recently. According to SPPC,the fourth round (R4) of solar projects being implemented under the National Renewable Energy Program (NREP) – which include 1,100MW Al Henakiyah and 400MW Tabrajal. The project are being implemented on a build, own and operate (BOO) model. The firm said that the work on the project will begin by next year and it is expected …
Eng Yahya al Rawahi has been appointed as a new Chief Executive Officer (CEO) of the newly launched Wadi Noor Solar Power Company (WNSPC). The firm is the joint venture, that is responsible for the implementation of a new 500 MW solar PV based Independent Power Project (IPP) at Manah in Al Dakhiliyah Governorate. The project is also known as ‘Manah I Solar IPP’ and is in the early stages of construction in the Wilayat of Manah – one of two identical solar PV schemes that will be built side by side to create Oman’s biggest grid-connected renewable energy project…
Oman’s Petroleum Development Oman (PDO) has plans to set up a 100 MW solar plant with an energy storage facility in the north of the sultanate and also has plans to build its first wind farm. The proposed hybrid project will be built in the Northern part of the Block 6 concession and will be PDO’s second utility-scale solar project and Oman’s first solar-plus-storage facility. The firm said in its recent Sustainability Report, that the solar park would accommodate additional 30-MW battery storage system charged by an additional solar capacity in order to maintain PDO grid stability and safeguard power…
Saud-based ACWA Power, a firm which delves into water desalination, green hydrogen, energy transition, has achieved financial closure for the Kom Ombo project for 200 MW capacity. This effort entails a utility-scale solar power plant located in Egypt. The project entails a cumulative investment worth $182 million and the said facility is set for commercial operations by January 2024. The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank (AfDB), AfDB’s Sustainable Energy Fund for Africa (SEFA), the Green Climate Fund (GCF), Arab Petroleum Investments Corporation (APICORP), and the Arab Bank have…
Jordan’s 24-megawatt solar photovoltaic project in the Disi area will begin its operations soon through the Planning and Management Department’s Energy Unit (EnU). In its statement, Ministry informed about the successful completion of the BE reverse electrification process, which is a joint effort between the Ministry and the National Electric Power Company (NEPCO). “Comprehensive assessments are currently underway, led by the independent engineering firm TUV, which was endorsed by both the Water Authority of Jordan and NEPCO. The assessments aim to ascertain the project’s readiness for commercial deployment,” said the Ministry. Water Minister Mohammad Najjar said, “SEPCOIII Electric Power Construction…