Singapore’s WEnergy Global, jointly with Maharlika Clean Power Holdings and Clean Grid Partners, collectively referred to as the Maharlika Consortium, through their Special Purpose Vehicle, Archipelago Renewables Corporation, has signed a Qualified Third Party (QTP) Service Contract to energize over 7,100 households and 300 small local businesses through 16 microgrids spread over 14 barangays in seven municipalities across the service area of the Palawan Electric Cooperative (PALECO) in Palawan, Philippines. The consortium emerged as the winner of the recently concluded QTP tender of PALECO to support its mandate for total rural electrification in the province, meeting the stringent eligibility and…
Author: Saur News Bureau
America’s electric vehicle manufacturer Lucid Group has announced that it has signed an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period. Saudi Arabia has made an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles over the same period. Lucid Group claims that this sets new standards with the longest-range, fastest-charging electric car in the market. Lucid Group clearly positions itself in the luxury category for electric cars. Peter Rawlinson, Lucid’s CEO and CTO, said, “Delivering up to 100,000…
Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) has released data indicating that the share of solar power plants in Iran has reached 49 percent. Based on the data, the total capacity of Iran’s renewable power plants is 844.59 megawatts (MG) at the end of November 2020. The solar surge should be no surprise considering the huge growth solar has seen on the back of a faster drop in prices, worldwide. Wind power plants with a capacity of 303.18 MW hold second place with 36 percent in the country’s renewable energy sector. Small hydropower plants with 105.65 MW accounted for…
Morocco, which has planned some ambitious renewable energy projects to take advantage of its geographical location, has awarded a contract for the development of two solar power projects to AMEA Power – a UAE energy company. The two solar projects will be part of the first phase of Noor PV II Programme. This programme will feature multiple sites of solar PV development. The total capacity of the Noor PV II Programme will be 330 MW. The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development had issued a large international tender under which AMEA…
Solar Philippines Nueva plans to expand its 500 MW system currently under construction on the northern Filipino island of Luzon with a 3.5 GW solar farm. Solar Philippines Nueva is the listed subsidiary of PV project developer, Solar Philippines, which is the largest solar energy provider in the Philippines. With the money raised through various capital raising, Solar Philippines Nueva Ecija Corporation (SPNEC) intends to purchase an additional 2,500 hectares for this massive PV cluster in the provinces of Nueva Ecija and Bulacan. These included an asset-for-share exchange with parent firm Solar Philippines as well as a previously disclosed stock…
Masdar will be developing these solar projects in the four governorates of Iraq. The present 1GW solar power project bagged by Masdar is a part of three solar power projects that the Iraq government agreed to last year with RE developers. All three will have a combined capacity of 2.75 MW. The renewable energy party has finally arrived in Iraq, one of the last major oil exporters to adopt solar in a big way. In an effort to decarbonize the economic system of the country and mitigate the climate change risks, the country has finally been bidding out contracts for…
Fitch Solutions has come up with a fresh report stating that the solar power capacity of Saudi Arabia might grow to more than 5.1 GW between 2022 and 2031. The solar expansion holds massive potential given the long-term power sector plans and policy support from the Saudi Arabia government. The report also said that Saudi Arabia additionally has hydrogen as a key component of its long-term energy sector strategy. The countryaspires to generate 2.9 million tonnes of hydrogen annually by 2030. Green Hydrogen To Play A Key Role Fitch held that though the hydrogen production and expansion is not made…
Global Chinese manufacturer LONGi has been awarded a module supply contract for the 400MW (DC) Rabigh Solar PV IPP project in Saudi Arabia. The contract is realized through its EPC contractor, China Energy Engineering Group, Guangdong Power Engineering Company (GPEC). The announcement was made at a ceremony attended by LONGi and its partner GTek Solar (Green Technology Company) in Riyadh, Saudi Arabia. The 400MW plant is located in Rabigh Industrial City, in the Kingdom’s western Makkah Province. The official statement of LONGi held that the project will deploy LONGi Hi-MO 5(72C) solar modules exclusively. LONGi also said that in 2021,…
The revelation has been made by Iraq’s Electricity Minister Adel Karim. The country will sign contracts with regional and international companies for the development of the solar projects. Iraq is bullish on the growth of renewable energy in the country to decarbonise its energy sector while also reducing the electricity import bills. According to reports, Iraq – which is a member of Organisation of the Petroleum Exporting Countries (OPEC) – is mulling over awarding solar power projects of a capacity of about 5000 MW to foreign firms in the coming year. The revelation has been made by Iraq’s Electricity Minister…
The Philippines is set for a major renewable energy expansion in the near future. In a fresh development, Philippines-based billionaire and the second richest man of the country – Enrique Razone – will be developing the largest such solar power project in the country. According to the official statement, the mega solar power facility will host 2500-3500 MW of solar panels and 4000-4500 MWh of energy battery storage systems. Terra Solar Philippines will collaborate with Solar Philippines Power Project Holdings to undertake the solar project. Terra Solar is a unit of Terra Renewables Holdings which is a subsidiary held by…