Saudi-based petrochemical manufacturer SABIC in partnership with Solarge, a manufacturer of circular lightweight solar panels has developed lightweight, circular photovoltaic (PV) panels. This was showcased during the recent opening event of Solarge’s new production facility in Weert, Netherlands. The ceremony was attended by representatives from SABIC and Solarge, Rob Jetten, Dutch Minister for Climate & Energy, and Kadri Simson, European Commissioner for Energy. Speaking on the occasion, Lada Kurelec, General Manager, SABIC, “As a part of our sustainability strategy to support the energy transition, SABIC prioritizes collaboration and innovation together with industry leaders in their fields. We are proud to…
Author: Saur News Bureau
Ahead of COP28, which will take place at Expo City Dubai in November, the UAE cabinet meeting has approved 78 environmental projects and initiatives implemented by the Emirates. The projects include national strategies to reduce carbon and regulate the use of solar energy products, sustainable tourism and other projects supporting sustainable development. It may be noted that the UAE was the first GCC member to make a net-zero 2050 pledge. ADNOC, the biggest oil exporter of the UAE, has allocated $15 billion in decarbonisation projects including carbon capture, electrification, and new CO2 absorption technology. At the 2015 COP21 Paris, a…
EWEC (Emirates Water and Electricity Company) and Zero Two, a digital assets infrastructure development firm based in Abu Dhabi, have partnered to make the the largest single purchase of Clean Energy Certificates (CECs) to date, that covers 7.3 million megawatt hours of clean energy. This landmark purchase agreement was signed by Ahmed Al Hameli, CEO of Zero Two, and Othman Al Ali, CEO of EWEC. It was facilitated through EWEC’s CECs auction process. Besides being the largest ever single CECs purchase, it has also set an example for the digital assets infrastructure sector. The firm disclosed that the purpose of…
Oman will be constructing a mega hub in Oman to produce low-carbon products. To implement this, Brazil-based iron ore producer, Vale S.A.firm has signed a land reservation agreement with the Port of Duqm Company SAOC and a memorandum of understanding (MoU) with Marafiq, a utility firm. Under the agreement, an integrated industrial complex (Mega Hub) will be built in the Special Economic Zone at Duqm (SEZAD) to produce low-carbon products for the steel-making industry. The agreement and the MoU were signed by Eduardo Bartolomeo, Vale’s CEO, Reggy Vermeulen, Port of Duqm’s CEO and Eng. Abdullah Mohammed Al Hashmi, Managing Director…
Sustainability Forum Middle East (SFME) hosted the first of its Decarbonisation Round-table Series in the Kingdom of Bahrain on “Carbon Markets – Accelerating and Funding the Road to Net-Zero”. Held on May 23, it witnessed a gathering of senior climate, finance and sustainability leaders. Held under Bahrain’s Supreme Council for Environment (SCE), it emphasised the importance of partnerships between the public and private sectors to achieve sustainable development goals and reach net zero. The SCE highlighted the national role of the private sector in Bahrain and its collaboration with various public and private trade and industry sectors along with other…
Oman’s Nama Power and Water Procurement Company have now inked a deal worth 800 million USD with investment companies for two independent power projects (IPPs). It will be utilized for building renewable sources to produce clean electricity in Manah town in the Dakhliyah region. As per the deal, the project will use solar power in the two IPPs viz. Manah I and Manah II , having a total production capacity of 1,000MW. The two projects will be set up on an area of 14.5mn sqm and will ensure the installation of over 2 million solar panels. The French…
The world’s largest green hydrogen production facility with a total investment value of USD 8.4 billion has now achieved financial close. This was announced by NEOM Green Hydrogen Company (NGHC) in a statement. For this, NEOM signed financial documents with 23 local, regional, and international banks and investment firms. The plant is currently being built at Oxagon, in Saudi Arabia’s region of NEOM. In addition, NGHC has concluded the engineering, procurement, and construction (EPC) agreement with Air Products, which is its nominated contractor and system integrator for the entire facility. It has also signed an exclusive 30-year off-take agreement with…
Dubai Electricity and Water Authority (DEWA) discussed cooperation in urban sustainability, smart technologies and innovative solutions with the delegation from the Seoul-based World Smart Sustainable Cities Organisation (WeGO). The groups discussed prospects for cooperation and exchange of experiences and best practices between the two organisations and discussed ways to achieve sustainable development goals. The meeting was attended by Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA. Jung Sook Park, WeGO Secretary General, and Eunbyul Elena Cho, Head of the Program Department. The South Korean WeGo…
ACWA Power will be developing three large-scale photovoltaic (PV) solar plants in Saudi. These power purchase agreements (PPAs) are estimated to be at $3.25 billion with the combined capacity of 4.55 GW. The deal was signed between the Saudi Power Procurement Company (SPPC) and ACWA Power’s subsidiary companies Nawwar Renewable Energy Company, Saad Two Renewable Energy Company, and Ishaa Renewable Energy Company. As per the pact, the three projects called as Ar Rass 2, Saad 2, and Alkahfah are located in the central and northern regions of Saudi Arabia with respective production capacities of 2,000 MW, 1,125 MW, and 1,425…
UAE’s flagship clean energy firm Masdar has inked a joint development agreement (JDA) with Uzbekistan’s Ministry of Energy (MoE) and the Ministry of Investments, Industry and Trade (MIIT) under which it will additionally develop more than 2-GW of solar and wind projects along with 500 MWh of battery energy storage in the country. The projects will come up at multiple sites across Uzbekistan. Dr Sultan Al Jaber, Chairman of Masdar, said, “The UAE is fully committed to supporting countries to decarbonize. Uzbekistan is a key strategic partner, and we continue to work together to deliver renewable energy projects that power…