US beverage giant PepsiCo Inc’s SodaStream will make its products in Israel using 100% renewable energy under a power off-take deal with Israel’s Enlight Renewable Energy Ltd. In a statement, the PepsiCo subsidiary said that the RE developer will provide SodaStream with electricity from its solar and battery storage facilities. This 15-year corporate power purchase agreement (PPA), was signed following a recent change of market regulations in Israel that permits to green power producers like Enlight to enter direct PPAs with large corporate clients. With this deal, sparkling water brand SodaStream will be able to use renewable energy for all…
Author: Saur News Bureau
Poland is emerging as an innovator in green technology with their ingenious ideas impacting the global energy transition process. Thus, in a bid to highlight the potential and accomplishments of the Silesia Region in green technologies and sustainable development, the region is planning a promotional pavilion at WETEX & DSS, which will be organised by Dubai Electricity and Water Authority (DEWA) from 15 -17 November at the Dubai World Trade Centre. This pavilion will provide a platform for prominent Silesian companies in the green technology sector to present their products, innovations, and solutions to an international audience, said the statement.…
Israel’s SolarEdge Technologies has tied up with the Saudi firm, Ajlan & Bros (ABH) Holding in Riyadh. Established in 2006, SolarEdge Technologies Inc., will jointly work with the Saudi firm towards deploying renewable energy in the kingdom. According to a press statement by SolarEdge, their new company will be involved in energy generation, storage, and management for Saudi businesses. SolarEdge is a smart energy technology provider, and ABH is one of the largest private sector firms in the Middle East and North Africa region. The statement further informed that the JV firm will be established in Riyadh, Saudi Arabia. It…
Abu Dhabi-based clean energy firm, Masdar, has signed an agreement with Malaysia’s Citaglobal Berhad to build multiple RE projects in Malaysia that includes rural, off-grid initiatives. To this end, an MoU was signed in Malaysia by Abdulla Zayed, Masdar’s Head of Development and Investment, and investment holding company, Citaglobal’s Executive Chairman and President, Tan Sri Mohamad Norza Zakaria. The two firms plan to develop projects in the Malaysian state of Pahang that will include solar, battery energy storage system (BESS), wind and other renewable energy technologies. “By collaborating with a leading energy transition player, we will make faster progress towards…
Oman Oil Marketing Company (OOMCO) recently signed a Partnership Agreement with Synergy Investment to establish Electrical Vehicles One (EVO). With the aim towards contributing towards Oman’s net zero target by 2050, EVO will be developing Oman’s electric vehicles (EV) infrastructure and supporting the overall green mobility initiatives. By establishing EVO, OOMCO aims to support the Ministry’s Green Mobility Plan by providing various eco-friendly, sustainable, and green mobility solutions to support sustainable mobility in Oman. The agreement was signed during recently held Green Mobility Forum organized by the Ministry of Transport, Communication and Information Technology. Tarik Al Junaidi, Chief Executive Officer…
Misr Fertilizers Production Company’s (MOPCO) board has approved the formation of a new green Hydrogen Company for the production of green hydrogen, in association with the Egyptian Petrochemicals Holding Company (ECHEM) and Norway’s Scatec. This was disclosed by MOPCO, recently. ’The new company will use produced green hydrogen in the production of green ammonia,’ the statement from the firm informed. The green hydrogen will be employed for the purpose of production of green ammonia. The ownership of the yet-to-be-established company is currently being determined, and will be disclosed once decided. Egypt based MOPCO deals in the production, marketing, wholesale, and…
United Arab Emirates aims to go carbon neutral by the mid-century with its UAE Net Zero by 2050 strategic initiative, making it one of the pioneers in the Middle East and North Africa (MENA) nations. Building upon the national goal, a group of university students in Dubai built a self-driving (autonomous) car powered exclusively by solar energy. 22 undergraduate engineering students shaping the future of urban transportation with their self-driving car. The innovative vehicle is set to revolutionize travel between CUD’s (Canadian University Dubai) City Walk campus buildings, showcasing the potential of autonomous mobility. The CUD Autonomous Car features a…
Iraq has an ambitious plan to boost up its power capacity with plans to add 11,000 megawatts (MW) of electricity in the next three years. The step-up in capacity will be achieved through new projects and a planned grid link with neighbouring countries. The present production is 26,000 MW of electricity in Iraq, but the nation’s energy needs are estimated to be ~40,000 MW. Ziad Fadhil, the Minister of Electricity, revealed that a significant portion of Iraq’s power network relies on imported gas from neighbouring Iran, as domestic gas production falls short of the demand. The Electricity Ministry is tackling…
The UAE’s renewable energy firm, Masdar, has signed a strategic agreement with Spain’s Iberdrola, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. The deal was signed in Madrid by Ignacio Galan, Iberdrola’s Executive Chairman, and Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi. As per the statement, Iberdrola will retain a majority 51% stake in the asset, helping accelerate green energy security in Europe. Further, as per the deal, Bathe ltic Eagle wind farm is valued at approximately €1.6 billion ($1.77 billion). Iberdrola will control and manage the asset, providing operation and…
A specialised seminar organised by DEWA (Dubai Electricity and Water Authority) at the DEWA Campus for Occupational and Academic Development, explored opportunities for expanding collaboration and exchanging experiences between DEWA and several major South Korean companies in energy, renewable energy, sustainability, water systems, information technology, smart cities, electric vehicles, and low-carbon technologies. The seminar was attended by Saeed Mohammed Al Tayer, MD and CEO of DEWA, Moon Byung-iun, Consul-General of the Republic of Korea in Dubai along with other 60 companies. The seminar focused on enhancing the participation of South Korean companies in the 25th Water, Energy, Technology, and Environment…