Saudi and Iraq are looking at developing electrical interconnection project and co-operation in the field of renewable energy. This was discussed at a meeting in Riyadh between Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, with Iraqi Minister of Electricity, Engineer Ziad Ali Fadel. The co-operation between the two countries is expected to help support the reliability of the electrical networks in both the countries, achieving economic savings, thus promoting the optimal energy mix for electricity production and boosting up the integration of renewable energy into the electrical networks. This will also help achieve optimal…
Author: Saur News Bureau
To implement its plan of using renewable energy by 2027 for its industrial production, OCP Group- Morocco’s phosphates and fertiliser producer, has signed a pact with the International Finance Corporation (IFC), the World Bank’s investment arm, on a 100 million-euro ($110 million) loan to build four solar plants to power its industrial operations. This is a part of OC’s investment plan worth 130 billion dirhams ($12.8 billion) to increase fertiliser production using renewable energy by 2027. In its statement, the firm said that these solar plants will be built in the areas of Benguerir and Khouribga, which has Morocco’s largest…
The 11th Renewables Talk in Abu Dhabi, UAE held on April 12 focussed on challenges, opportunities, and best practices towards achieving renewable energy targets and clean energy transition for a cleaner and more sustainable energy future. The event was co-hosted by the European Union Delegation to the UAE and the International Renewable Energy Agency (IRENA) Secretariat, in partnership with the Permanent Mission of the United Arab Emirates to IRENA. The delegates present at the event were EU Ambassador to the UAE, Andrea Matteo Fontana, IRENA Director-General, Francesco La Camera, Dr. Nawal Al-Hosany, Permanent Representative of UAE to IRENA, Walburga Hemetsberger,…
StoreDot, An Israel-based fast battery charging technology venture, has now decided to manufacture silicon battery packs. The firm said that the move would likely facilitate the car makers to design and produce cheaper, lighter, and more sustainable Electric Vehicles (EVs). The battery solution firm said it could help EV owners move towards a smaller battery pack regime with increased car efficiency, which could pave the way for the faster adoption of the lesser polluting transportation system. “StoreDot’s technology has reached sufficient charging and discharging cycles, enabling vehicle manufacturers to include a smaller battery pack. Smaller packs with XFC translate into…
Abu Dabhi-based renewables firm Masdar, has closed its acquisition of a 50% stake in a combined solar and battery storage project from EDF Renewables, North America. This was revealed by the firm in a statement without disclosing the financial details of the deal. Located in California, the stake in Big Beau project was first negotiated and acquired in the year 2020 from EDF Renewables, North America. It comprises a 128-megawatt (MWac) photovoltaic (PV) solar plant and a 40 MW/160 MWh battery energy storage system. The firm informed that it is one of the eight projects where Masdar and EDF have…
American firm Renewable Innovations, dealing in the zero-carbon and green solutions alternative fuel industry, has signed an agreement to form a joint venture with MENA Holdings, LLC for building an assembly facility in the Kingdom of Saudi Arabia. This facility will produce hydrogen fuel cell products for distribution in the Middle East and North Africa. MENA informed that the Middle East market is quite hopeful about hydrogen and due to significant interest there is substantial funding available for this market. It is expected that the products from Renewable Innovations will be a source of power generation from this green hydrogen…
Solar tracking, racking, and BIPV provider Arctech has announced that it is poised to provide 1.5-GW SkyLine II solar tracking solution for ASB project in Saudi Arabia, marking the company’s first solar tracking and racking project in the country. Arctech informs that located in the Al Shubakh district, Jeddah City, Mecca, Saudi Arabia, the ASB project is the biggest solar plant in construction in the Middle East region serving the purpose of expediting regional energy transition to spell out the “Vision 2030”. Arctech has a series of trackable project portfolios in the region following the “One Belt One Road” initiative…
UAE-based National Bank of Fujairah (NBF) has announced giving a long-term credit facility to CleanMax, an Indian renewable energy company, to refinance its rooftop solar portfolio in the United Arab Emirates (UAE). The partnership will likely cover around 48 operational rooftop assets in industrial facilities, malls, schools, and universities. As per its Energy Strategy, UAE has already planned to achieve a 50% share of renewable energy in its total energy mix by the end of 2050. NBF said that the partnership aligned with their broader sustainability goals, including their continued commitment to expanding their portfolio in clean energy. “Facilities in…
The ALFATTAN- LtechUVC Green Energy SPC, will be setting up 200 MW class green hydrogen and ammonia plant in Abu Dhabi. The SPC (Special Purpose Company) is formed with the collaboration between UAE-based Al Fattan Energy and South Korean renewable energy developer LTechUVC. The SPC will oversee the development of the project with the estimated cost of approximately $400 million. The project is situated in the KEZAD (provisional) area, the largest industrial complex in Abu Dhabi. The ALFATTAN LtechUVC Green Energy SPC was officially inaugurated on March 17, 2023. The project is expected to represent a new phase in the…
Qatar has set sights on adding two more solar power plants with a combined capacity of 880 megawatts (MW) within the next two years. Informing about the future plans, Mohamad Al Harami from Al Kharsaah Solar PV Power Plant (KSPP) of Qatar Energy said it is a qualitative leap in diversifying sources of producing electricity in the country. It is held that KSPP is the first solar power plant in the country. The other power two plants coming up in the country are Mesaieed with a capacity of 410 megawatts and a power plant in Ras Laffan with a capacity…