China based Sungrow, a supplier of inverter and energy storage systems, has signed a contract with Larsen & Toubro (L&T) to supply inverter skid solutions for the NEOM Green Hydrogen Project in Saudi Arabia. The firm said in a press note that the inverter skid solutions would be deployed in 2.2 GWac photovoltaic (PV) solar power plant for the green hydrogen project being built by NEOM Green Hydrogen Company (NGHC). It may be noted that earlier, Sungrow had signed the contract with L&T to supply 400 MWh energy storage systems comprising a DC capacity of 536MW/600MWh to the green hydrogen…
Author: Saur News Bureau
In a landmark agreement, Saudi Fund for Development (SFD) has signed a US$77 million loan agreement with Belize, a Central American country, for the construction of a 60-megawatt Solar Energy Plant. This project is expected to transform Belize’s energy scenario as it will ensure stability in supply, significantly reducing dependence on fossil fuels, and promoting environmental sustainability. The agreement has come after the formal establishment of diplomatic ties between Belize and the Kingdom of Saudi Arabia in 2022, with Belize’s Minister of Foreign Affairs, Hon. Eamon Courtenay, signing on behalf of Belize. The Prime Minister of Belize, Hon. John Briceño,…
Located strategically at Europe’s doorstep and targeting to generate 52 percent of its domestic electricity from renewables by 2030, Morocco is emerging as a promising energy partner for Europe. The reason for Europe seeking new sources of clean and Renewable energy is the region’s energy crisis and the urgency of tackling the challenge of global warming and climate change. Morocco has developed a vibrant solar energy sector, making use of year-round sunshine, wide open spaces for infrastructure projects, and access to millions of euros in EU development funding. As per reports, the country’s vision is to export a significant amount…
Saudi’s Hydrogen Systems, an innovation-driven firm in the hydrogen technology sector, has been awarded a contract by Shell Development Oman (Oman Shell) to design, develop and install Oman’s first hydrogen refueling station. As per the contract, Hydrogen Systems will carry out the detailed engineering, procurement, quality assurance and control (Factory Acceptance Test) of electrolysers, compression, storage, chilling and dispensing. It will also be responsible for all associated subsystems such as utilities, interconnecting piping, safety, communications, electrical, control and instrumentation – for a green hydrogen generation and refueling station in Muscat. “This collaboration with a leading global energy company like Shell…
The Chief Executive Officer of the Saudi Fund for Development (SFD), Sultan Al-Marshad, has entered into a fresh development loan pact valued at $77 million with Belize’s Prime Minister, John Briceño. The loan is intended to finance the “Solar Energy Plant Project” in Belize, facilitated by SFD. In attendance at the signing ceremony were Chris Coye, Minister of State in the Ministry of Finance, Economic Development & Investment, along with official representatives from both sides. This agreement is an important part of SFD’s commitment to bolster sustainable development in developing nations and Small Island Developing States (SIDS). The loan will…
Sineng Electric Europe has joined hands with Turkish renewable energy firm Arkensus Energy Ltd. Co., which will give an impetus to advancing solar PV utility-scale and commercial projects in Turkey. The neighbouring regions will also benefit from this partnership. Together, the two firms recently commissioned a 18 MW solar project, in which, Şanlıurfa Büyükşehir Belediyesi Su Kanalizasyon İdaresi Genel Müdürlüğü was the investor. The project has been powered by Sineng’s 275 kW string inverters. It is slated to generate 28,167 MWh of clean electricity every year. Derek Huang, President, Sineng Electric Europe, stated “Together with Arkensus Energy, we are to…
The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has bought a 2.7% stake in Adani Green Energy, a renewable energy Indian behemoth owned by Adani Group, in a $500 million block deal recently. As per reports, before the deal, Adani Green Energy’s shares fell nearly 12.4% to hit a low of 886.2 Indian rupees ($10.71) on the Bombay Stock Exchange (BSE). The shareholding data available with the exchange revealed that the promoter and promoter group hold a 56.27% stake in the firm, while the rest is with the public as of June 30, 2023. In the year 2020, QIA…
With an aim to promote renewable energy usage and extend support to military veterans, the Ministry of Energy and Mineral Resources has recently announced the initiation of three tenders for the supply, installation, operation, and maintenance of solar energy systems connected to the electrical grid. These systems will be integrated with all necessary auxiliary devices, including inverters, to powerhouses owned by military veterans. The power generated from solar energy will empower military veterans by equipping their homes with sustainable and cost-efficient energy solutions. The tender specifications require a peak capacity of (3) kilowatts DC and (2.7) kilowatts AC for the…
In unison with UNDP Cyprus, the European Commission is working on a study funded by the EU on a bicommunal solar power plant in Cyprus. It will be executed by a reputed German firm. The study which will get funding worth EUR 325,000 from the Commission’s Aid Programme for the Turkish Cypriot community will be managed by the United Nations Development Programme (UNDP). The study, it is held, is significant to look into a more integrated and sustainable electricity system in Cyprus. Further, the study will pave the way for greater synergies between the two communities of the island. It…
The UAE Ministry of Energy and Infrastructure (MOEI) has joined hands with GHD, a global professional services co. and the Fraunhofer Cluster of Excellence Integrated Energy Systems (CINES) to deliver a comprehensive National Hydrogen Strategy. The strategy is in line with the UAE’s vision to become a leading global producer of low-carbon hydrogen by its 60th anniversary in 2031. With the support from MOEI, the strategy is a fact-based analysis that evaluates the opportunities and challenges associated with establishing a hydrogen-based economy in the UAE. It further focuses on leveraging the country’s abundant natural gas reserves, high solar radiance, and…