In a bid to promote the development of renewable energy projects, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, has signed an MoU with Abu Dhabi Future Energy Company or Masdar. Under the MoU, the bank and Masdar agree to co-operate “in promoting joint action in the origination, financing, and execution of renewable energy projects through ICIEC’s insurance support in its member states.” The agreement is expected to give a major boost to the transition to renewable and clean energy in markets of mutual interest to…
Author: Saur News Bureau
UAE flagship renewable energy company Masdar has revealed that it has signed agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda and Zambia – to develop renewable energy projects with a combined capacity of up to 5 GW. Deals were done under ‘Etihad 7’ initiative, a UAE-led initiative that aims to raise public- and private-sector funds to invest in the development of Africa’s renewable energy sector. It was launched at ADSW 2022 by HE Sheikh Shakhboot Nahyan Al Nahyan, Minister of State in the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) with the…
Emirates Water and Electrical energy Firm (EWEC), the primary utility infrastructure firm serving the Abu Dhabi region in the UAE with power and water, has issued a request for proposal (RFP) to 19 corporations and consortiums for a 1.5GW solar project to serve the needs of the city. To be located at Al Ajban , the planned project will take Abu Dhabi’s total solar capacity to 4GW, following the Noor Abu Dhabi and Al Dhafra installations. The Noor Abu Dhabi, among the world’s largest single-site solar power plant, and Al Dhafra Solar PV are already vying to be the largest…
International solar cell and module manufacturing maker JA Solar has signed an agreement with AMEA Power, a UAE-based power developer. The firm has joined hands with a consortium consisting of China Energy Engineering Group, China Energy International Group and Zhejiang Thermal Power Construction aimed at the supply of integrated solutions for gigawatt-scale wind and photovoltaic (PV) projects that AMEA is implementing. These projects include the Kom Ombo Abydos project based in Egypt. The said project will boast of a capacity of 560 MW, and upon completion, will be the largest single PV project in Egypt. JA Solar will be looking…
Sustainable Energy for All (SEforALL), the African Climate Foundation, Bloomberg Philanthropies, ClimateWorks Foundation, and the Chinese Renewable Energy Industries Association (CREIA) have together launched the Africa Renewable Energy Manufacturing Initiative (AREMI) at Abu Dhabi Sustainability Week, UAE, with an objective step up investment and action for renewable energy development in African countries to scale up renewable energy manufacturing capabilities. The group said that AREMI will help unleash renewable energy development of 1.2 TW, create 14 million jobs and 6.4 per cent economic growth in terms of GDP. AREMI will support the financial, technical, and socioeconomic investments needed for green transition…
The International Finance Corporation (IFC) – a key agency of World Bank – has partnered with the Kyrgyzstan government under the World Bank Group’s Scaling Solar program to develop up to 100-150 MW of grid-connected solar power. IFC said that this will help Kyrgyzstan to diversify its energy mix and increase its renewable power capacity. IFC will advise Ministry of Energy and the Ministry of Economy and Commerce, Kyrgyzstan, on structuring a public-private partnership (PPP) to mobilize private sector experience and capital to construct and operate a pilot solar plant. The project will be structured under the WBG Scaling Solar…
Global supplier of solar PV and energy storage solutions – SOFAR – has launched its new inverter for the global market called SOFAR 100-125KTL-G4 at World Future Energy Summit. SOFAR said that the new inverter is optimized for C&I and small-scale utility solar. The product also features the integration of ultra-high current, easy installation and intelligent protection. The inverter characterizes 10*40A multiple MPPTs plus ultra-high current, compatible with high power modules and various roof designs; this ensures lower LCOE and higher yields. The inverter weighs less than 75kg and its easy to install without extra labor costs. Meanwhile, the cloud…
Expanding its already established-role in Central Asia, UAE’s flagship company developing renewable energy, Masdar has announced new deal with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop onshore wind and solar projects. Masdar will also develop integrated offshore wind and green hydrogen projects. The total combined capacity of projects has been announced to be 4 GW. The agreements were signed by Masdar CEO Mohamed Jameel Al Ramahi and SOCAR President Rovshan Najaf on the sidelines of Abu Dhabi Sustainability Week. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, said, “These…
Masdar, one of the pre-eminent clean energy firms in the Middle East now has signed entered an MoU with four Dutch companies – Port of Amsterdam, SkyNRG, Evos Amsterdam, and Zenith Energy – related to development of green hydrogen supply chain through Amsterdam. The Green hydrogen could be used for sustainable aviation fuel, steelmaking, shipping, and wider offtake opportunities. Signed during the ongoing World Future Energy Summit 2023 in Abu Dhabi, the agreement indicates the vast interest and possibilities firms are exploring for green hydrogen production and exports, where handling and storage in particular will play a critical part in…
Showcases Product Line Up with New n-Type i-TOPCon Cell Technology Trina Solar, a leading global PV and smart energy total solution provider, showcased its 2023 product line up of its latest revolutionary i-TOPCon cell technology modules with power of up to 695W+ at the World Future Energy Summit (WFES) taking place in Abu Dhabi. With a string local presence in the Middle East region, Trina has set great store for future growth from the region, with countries across the board committing to ever more ambitious renewable energy targets. Trina Solar is exhibiting at stand number 8110 – HALL 8, alongside…