The European Bank for Reconstruction and Development (EBRD) has expressed its desire to work in Iraq and contribute towards supporting the RE sector and support other private sectors. This was discussed during Iraqi Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein meeting with Odile Renaud-Basso, President of the EBRD at the Annual Meeting in Samarkand. EBRD President Odile Renaud-Basso said, “This is a very important moment for the Bank. Our distinct business model provides real added value, which can complement the work of existing development partners and accelerate the transition in sub-Saharan Africa and Iraq. This decision also…
Author: Saur News Bureau
The UAE has signed a memorandum of understanding (MoU) with Pakistan to develop renewable energy projects in the country. The MoU was signed in Pakistan between Prime Minister Shehbaz Sharif and Dr. Sultan Ahmed Al Jaber, UAE’s Special Envoy for Climate Change, Minister for Industries and Technologies. The other delegates who visited Pakistan and Dr.Jaber, include Power Division Secretary Rashid Mahmood Langrial and UAE Ministry of Energy and Infrastructure Undersecretary Sharif al Olama. Speaking at the signing ceremony, the PM said, “Alternative energy projects are an opportunity for bilateral cooperation and his government plans to generate 10,000 megawatts of solar…
UAE’s Dutco, an energy , infrastructure and construction conglomerate and Spain’s X-Elio, a renewable energy firm, have established a joint venture named X-Noor. X-Noor is said to be a significant milestone in the GCC renewable energy industry to boost up the development, construction, and operation of world-class solar energy projects across the GCC region. It is expected to leverage the collective strengths of Dutco and X-Elio. Having offices in Saudi Arabia and UAE, it aims to cover the GCC region and will focus on developing a diversified portfolio of solar projects, including on-grid and off-grid projects for industrial and commercial…
Saudi’s NEOM green hydrogen project is formally under construction and is scheduled to be completed by the end of 2026. This was informed in a statement released recently, by ACWA Power to the Saudi stock exchange. It further informed that the company’s affiliate NEOM Green Hydrogen Company (NGHC) issued a full award notice for the engineering, procurement and construction (EPC) contractor, which has been approved. ACWA Power’s 1.125 billion Saudi riyals ($300 million) share in the limited notice to proceed (LNTP) agreement will convert into its equity in the project, it said. Dwelling on various pacts, it said that all…
Egypt’s Ministry of Electricity and Renewable Energy has signed a USD 5 billion (EGP 154.5 billion) agreement with Norwegian renewable energy company Scatec to build a 5 GW wind power plant. This was disclosed in a statement released by the Egyptian Cabinet. The Cabinet confirmed that a piece of land in Egypt’s West Sohag Province has been reserved for the project. It aims to contribute to Egypt’s goal of increasing its renewable energy capacity by becoming one of the biggest wind stations in the world. “It will contribute to the achievement of the goals of the Egyptian government with regard…
China-based solar tracker manufacturer Arctech Solar Holding Co. Ltd. has secured 11.457-MW order for its SkyLine II solar tracking system from Israeli telecommunications and energy firm Nextcom Ltd. This deal marks the company’s first solar tracking project in the country. In its statement, the firm said, “Arctech has already realised a number of projects in the Middle East, including the 607-MW IBRI II project in Oman and the 2.1-GW Al Dhafra PV2 project in Abu Dhabi.” The firm has, however, established branches in Saudi Arabia and the United Arab Emirates to expand its local presence. Israel has set a RE…
To support green mobility and sustainable energy transition Shell Oman Marketing Company (Shell Oman) sponsored the Green Mobility Event organised by the Ministry of Transport, Communications, and Information Technology (MTCIT). The firm said in its statement, “This strategic partnership reflects Shell Oman’s dedication to the Sultanate’s energy transition journey and supporting key stakeholders in their decarbonisation efforts, thereby helping us to fulfil our ambition to become a net-zero emissions energy business by 2050 or sooner which is aligned with Shell’s overarching Powering Progress strategy.” In a bid to fulfill its commitment towards ‘In-Country-Value’ (ICV) in the energy transition, Shell Oman…
In a move towards fulfilling its commitment to sustainable business practices, Nissan Middle East has an ambitious plans to install a new solar energy system at the company’s regional headquarters in Jebal Ali, Dubai. To this end, an agreement is signed between Nissan Middle East and ENGIE Solutions GCC, a low-carbon energy firm. As per the Power Purchase Agreement (PPA), ENGIE will manage the design, construction, financing, operation and maintenance of the solar energy system for a period of 15-years. Once the contract term is completed, ownership and maintenance of the system will move to Nissan Middle East. The new…
Trina Solar, a global PV and smart energy total solution provider, has announced its successful delivery of 800 MW of 210mm Vertex modules to China Machinery Engineering Corporation (CMEC) for the Al Dhafra PV Power Plant project. The 2 GW Al Dhafra solar PV plant, located in Abu Dhabi, is set to become one of the largest single-site solar power plants worldwide. The plant has connected to grid in April of this year. Situated approximately 35 kilometers from Abu Dhabi city, the Al Dhafra PV Power Plant boasts a remarkable capacity to generate enough electricity to power approximately 160,000 homes…
In order to keep pace with the accelerating economy, UAE (United Arab Emirates) has approved the ‘updated UAE National Energy Strategy’. It aims to triple the contribution of the renewable energy over the next 7 years, and invest AED150 to AED200 billion during the same period to meet the country’s growing demand for energy. Speaking at the Cabinet meeting Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, said, “Today, I chaired the Cabinet meeting in Qasr Al Watan, in Abu Dhabi, where we adopted under the directives of the President Sheikh…