Teralight, an Israeli solar energy company has recently launched the country’s largest solar project. The project, called Ta’anakh, was built in collaboration with the Moshavim (agricultural) Movement and the Environmental Protection Ministry. The project will power over 60,000 households by next year. As a part of strategic partnership with French company Sun’Agri to replace solar panels in agricultural fields, it combines Teralight’s solar panels with Sun’Agri’s dynamic solar-field management software, that is expected to balance the amount of light or shade needed by the plants with the electricity production of the solar panels. The project will focus on – solar…
Author: Saur News Bureau
Saudi Arabia’s ace renewable energy developer ACWA Power has received $174 million worth of loans from the Asian Development Bank (ADB) to develop the Bash wind power and Dzhankeldy wind power plants – both located in the Bukhara region in Uzbekistan. As per ABD, the ACWA Power financing comprises loans amounting to $40.5 million for Bash and $46.5 million for the Dzhankeldy funded through ordinary capital resources of the bank. ADB will also administer $40.5 million for Bash and $46.5 million for Dzhankeldy from the Leading Asia’s Private Infrastructure Fund (LEAP), administered by ADB. As per the RE developer, each…
Oman’s first ammonia plant project will most likely be launched by mid-2025. The project is presently being developed by the Indian firm ACME in Duqm Particular Financial Zone. Syed Hussain Naqvi, Chief Technology Officer at ACME, informed that the Duqm Project will be among the first green ammonia projects when this first phase becomes operational in the next couple of years. Speaking at the webinar by Ammonia Vitality Affiliation, which promotes the usage of ammonia as a supply for sustainable power, Naqvi, said an ACME-led special purpose vehicle named `Green Hydrogen & Chemicals SPC, is currently developing the facility at…
Morocco will see the establishment of a green hydrogen plant, solar and wind power project via a JV that entails a Chinese, Saudi and Morocco-based firm. The JV will facilitate the establishment of a production plant with the yearly generation of 1.4 million tons of green ammonia. A 2 GW of solar plant and 4 GW of wind project will also be set up. Earlier this month, Energy China International Construction Group revealed that it had entered into an MoU on green hydrogen in southern Morocco in partnership with Saudi Ajilan Brothers Company and Gaia Energy based in Morocco. Morocco…
Namibian registered green hydrogen conglomerate Hyphen Hydrogen Energy and that Namibian government are expected to ink a deal for the development of green hydrogen project in Namibia. The quantum of the deal would be around $10 billion and the signing of the agreement may take place in May of this year. When the project is fully developed, it is expected to generate about 300,000 metric tonnes of green hydrogen every year. The green hydrogen project will consume some 5 to 6 gigawatts (GW) of renewable energy. It will also employ approximately 3GW of electrolyser capacity. Namibian President Hage Geingob had…
Turkey has begun awarding pre-licensing for energy storage facilities including both wind and solar. The facilities, with around 20 GW is expected to be issued over a period of about three years. Pre-licenses were issued by the Energy Market Authority earlier this month, for a total of 12 applications with total capacity of 744 MW, representing an investment value of around US$1.5 billion. According to Energy Market Regulation Authority (EMRA) Head, Mustafa Yilmaz, these are the first selected from 4,369 applications,which adds up to about 221,000MW. The step towards pre-licensing is taken after key regulatory changes including an EMRA ruling…
Oman Power and Water Procurement Company (OPWP) has added a renewable energy source with a new Concentrated Solar Power (CSP) project in Duqm. OPWP is focusing on a mixed portfolio of renewable resources and technologies to meet Oman’s target for 35 – 39% of national electricity supply coming from renewables by 2040. The CSP technology will complement the already existing lar photovoltaic (PV) technology in Oman’s first large-scale grid-connected 500 MWp solar power plant in operation at Ibri. The CSP technology utilises mirrors arrayed in concentric circles to reflect solar radiation onto a centrally located thermal receiver. The heat, thus…
Abu Dhabi National Energy Company PJSC (TAQA), a utility firm in the Middle East and North Africa region, has issued a $1.5bn dual-tranche bond. These are the company’s first green bonds following the launch of its new green finance framework. TAQA has recently established the green finance framework for the issuance of green bonds, loans, and other key debt instruments. Under the framework, the 10-year notes maturing on 24 April, 2033 is sized at US$1 billion and were issued at a coupon rate of 4.696%. The proceeds of the same will be used to finance, refinance and invest in relevant…
With the aim to meet the rising global demand for clean fuels, Mubadala Capital energy company, Acelen has plans to invest $2.5 billion in north-eastern Brazilian state of Bahia for the next 10 years to produce renewable diesel and sustainable aviation kerosene. Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor based in Abu Dhabi. Acelen also owns the Mataripe refinery in Bahia, Brazil’s second-biggest and one of the oldest refineries in the country. The firm plans to start production in the first quarter of 2026, the company said in a statement. “We…
Abu Dhabi National Oil Company (ADNOC), UAE has signed two agreements with Japanese partners to beef up the low-carbon hydrogen value chain between the UAE and Japan. The agreements will focus on developing advanced practical solutions to help meet the growing global demand for clean fuels. ADNOC is into developing global markets for hydrogen and its carrier fuels such as ammonia. The firm said that these latest strategic agreements demonstrate firm’s commitment to working with the customers to decarbonize the energy system. Commenting on the partnerships, ADNOC said that agreement with Japanese firm Kawasaki aims to explore production, liquefaction and…