Oman and Germany are looking to explore constructive cooperation in renewable projects in Oman. This was discussed during Oman’s Foreign Minister Sayyid Badr Albusaidi visit to Germany to attend 9th Berlin Energy Transition Dialogue 2023. The minister met Annalena Baerbock, Foreign Minister of the Federal Republic of Germany,and discussed the present relations of friendship and future constructive cooperation between the Sultanate and the Federal Republic. The meeting focused on the major projects that the two nations can develop together specifically in the fields of renewable energy, green hydrogen, and its promising derivatives and technologies. There were discussions on ways to…
Author: Saur News Bureau
Setting a new standard for sustainable finance in Qatar, Standard Chartered Bank and global technology major Siemens Energy have joined hands to issue the first green guarantee for a solar power project in Qatar. The project will be playing a major role in the country’s national climate change action plan that will also help reduce its carbon footprint and boost energy independence. This initiative is expected to increase sustainable and responsible banking practices in Qatar and helping to redefine the standard for the industry. Commenting on this,Daniela Schoeppner, Vice President Finance Hub Middle East at Siemens Energy said, “The road…
To consolidate a green economy in the UAE, DEWA (Dubai Electrcity & Water Authoritiy) has joined hands with Dubai Airports to enhance cooperation. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) and Paul Griffiths, CEO of Dubai Airports, exchanged views to achieve common goals and support government directions. The meeting also focused on the latest developments in the project undertaken by Etihad Energy Services Company (Etihad ESCO), a wholly-owned subsidiary of DEWA. The project aims to install buildings at Dubai Airports to optimise energy efficiency. Commenting on the cooperation, Al Tayer said, “In line…
The Saudi government has planned green initiatives on increasing Saudi Arabia’s reliance on clean energy, offsetting emissions, and protecting the environment in order to achieve the vision 2030. The government’s significant steps taken towards the development of renewable energy projects, include– the establishment of the Saudi Renewable Energy Project Development Office to oversee the development of renewable energy projects and the launch of the Solar Energy Plan, aiming to install 27.5 GW of solar capacity by 2030. Besides this, in a step towards cutting down carbon emissions, Saudi plans to launch the greenhouse gas certificates market in 2023. Looking a…
To achieve sustainability and contribute to consolidate Dubai’s leading position and build innovative and environmentally friendly communities, Dubai Free Zones Council (DFZC) meeting, headed by Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Council, explored the Dubai Economic Agenda (D33), aiming to position Dubai among the top three global cities and double the size of its economy in the next decade. Several initiatives were discussed to achieve the goal of D33 and mapped out the plan of action in light of the UAE’s preparations to host the Conference of the Parties to the UN Framework Convention on Climate Change…
To promote green and sustainable financing and promoting investments Dubai’s renewable and clean energy projects, Dubai Electricity and Water Authority (DEWA), discussed ways of cooperation with six international firms. The discussion was held between with the investment organisations viz. William Blair, Millennium Capital, Gemway, Eastspring, Jennison and JP Morgan and DEWA officials, to discuss green and sustainable financing and involvement in DEWA’s renewable and clean energy projects. Commenting on the meeting, Saeed Mohammed Al Tayer, MD and CEO Al Tayer stressed on the position of Dubai in its global leadership and as the ideal destination for tourists and visitors and…
French renewable energy firm, EDF Renewables and Korean Western Co. Ltd. (KOWEPO), a key player in South Korea’s power sector, have joined hands to construct and operate a solar PV based independent power project (IPP) in Wilayat of Manah in Governorate of Al-Dakhiliyah. The project is owned by OPWP- Oman Power & Water Procurement Company -the single buyer of electricity and water output in Oman. The project named -Manah I Solar IPP is one of two grids connected solar projects each of around 500 MW capacity. Recently, Singapore’s Sembcorp and Chinese firm Jinko Power jointly secured the award for Manah…
Romanian energy firm Hidroelectrica and UAE renewable energy firm Masdar have signed a joint venture agreement to build wind farms offshore and floating solar parks in Romania. Speaking on the occasion, Bogdan Badea, the President of Hidroelectrica, said, “The initialing by Hidroelectrica and Masdar is one of the most important joint venture agreements intended for energy investments in our country. It shows the determination in terms of making investments and, at the same time, attests the openness of the Romanian state and Romanian companies for serious collaborations, with strong partners.” He further pointed out, “The experience in the development and…
Saudi renewables developer ACWA Power has inked three PPAs and investment agreements with Joint-Stock Company (JSC) National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade of Uzbekistan. Under the agreements, ACWA Power will develop three solar PV projects in Tashkent and Samarkand. It will also build three Battery Energy Storage Systems (BESS) in Tashkent, Bukhara and Samarkand, with a total capacity of 1.4 GW of additional renewable energy and 1.5 GWh of additional battery storage capacity. The company has committed $7.5 billion in the Central Asian country. ACWA Power said that the Tashkent projects will include…
Chinese photovoltaics firm Trina Solar has signed a five-year agreement with Al-Raebi for Trading (Al-Raebi). The partnership will facilitate 500 MW of module shipments for the Yemeni market. Trina Solar will supply Al-Raebi with 100 MW of its n-type i-TOPCon cell technology modules this year. The five-year agreement will cater to the country’s increasing energy needs. With the technology of i-TOPCon cells and 210 mm module technology, cell efficiency and module power of the Vertex N series have been comprehensively upgraded, bringing module efficiency to as high as 22.4%, with power reaching 605W and 695W for residential, C&I PV applications…