Saudi Arabia’s Bin Omairah Holding has planned to increase the export of its solar panels to capitalise on the expanding markets of Europe and Africa. The exports will be done from the company’s factory operational in the Tabuk region. It has also been learnt that the company has plans to open another plant for solar panels within the next two or three years that will have twice as much production capacity. The currently operational plant in Tabuk is known as Masdar Solar, which the company opened in November last year in north-western Saudi Arabia. This facility has a capacity of 150…
Author: Saur News Bureau
India’s largest power producer and state-owned NTPC has signed a Memorandum of Understanding with Moroccan Agency for Sustainable Energy (MASEN) for mutual cooperation in the renewable energy sector. A statement by the Ministry of Power reads that the agreement was signed during the 17th CII EXIM conclave on India-Africa growth partnership in New Delhi from 9th-20th July, 2022. Several African countries turned up at the event to deliberate on how to make the respective countries attractive for investment from across India in as many sectors as possible. Following a number of discussions between both NTPC Ltd and Masen, the MoU…
US storage major Fluence has started commercial operations at the first project of its storage projects totaling 470 MW/470 MWh for power firm SMC Global Power Holdings (SMCGPH) in the Philippines. The battery will provide ancillary services to the power grid. Located in Kabankalan in the Philippines’ Negros Occidental region, the Battery Energy Storage System (BESS) is under direct control of the National Grid Corporation of the Philippines. The grid operator will use the system for Automatic Generation Control (AGC), to provide ancillary services including frequency regulation, voltage control and reactive power management. For the Philippines, an island nation comprising…
South Korean President Moon Jae-in held talks with Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman on Tuesday and agreed to work together in areas related to the hydrogen economy. After holding the talks at the Al-Yamamah palace in Riyadh, the two nations signed preliminary deals to jointly develop green hydrogen, which is produced from renewable energy sources, especially solar and wind, and jointly build a hydrogen ecosystem, Yonhap news agency reported, citing a statement by Moon’s office. Under the deals, South Korea can secure a supply of carbon-neutral hydrogen and ammonia from Saudi Arabia. In return, Seoul…
Dubai wants to produce 25% of its power from renewable sources by 2030 and take it to 100% by 2050. The city added 700 MW of renewable energy recently, taking its total RE capacity to 1.62 GW. Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), has said that Dubai will increase the share of renewable energy in the energy mix of the city to 14% by the end of this year (2022). He said that the new target is aimed at increasing the sustainability efforts of the state. The Managing Director…
Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, announced its investment into five projects aimed to developing renewable energy sources in Australia and Europe. The fund has been expanding its investment strategies, to include more environmentally friendly and clean technologies, whose importance will definitely rise in the future. Details of the Investment The projects that DIF will support, encompass various regions and communities: Two of the start-ups are solar power plants for local communities of Australia, utilizing the unique weather conditions of the region to improve the energy supply in the area. The…
Goldwind held that the agreement with Masdar will see the supply of the turbines to the Zarafshan wind farm in the Navoi region in central Uzbekistan. Once built and in operation, the 500MW wind energy project will power 500,000 Uzbekistan households and displace about 1.1 million tons of carbon dioxide every year. Chinese multinational wind turbine manufacturer Goldwind has announced that it has secured a novel deal with Masdar (Abu Dhabi Future Energy Company) for the supply of 111 units of GW155-4.5MW turbines. The turbines will be supplied for the largest of its kind project in Uzbekistan and Central Asia.…
The acquisition will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives. Alongside the Arlington acquisition, Masdar also intends to increase its investment in offshore wind and other renewables projects in new and existing markets, including the UK. Renewable energy conglomerate Masdar has announced that it has acquired UK-based battery energy storage system (BESS) developer Arlington Energy that will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives. Arlington Energy delves into developing, building, operating and financing flexible energy solutions; having taken…
Aggressive tendering in 2022 and 2023 is expected to fasten the development of solar and wind projects in Saudi Arabia. The quest of the Europeans to find new sources of energy to replace the Russian oil is also being seen as an opportunity for Saudi Arabia to invest in renewable installations. The Kingdom of Saudi Arabia is mulling to double the renewable energy tenders this year and give a fillip to the clean electricity availability. According to reports, the country will continue the spree in 2023 for faster development in the solar power and wind farm projects. The Energy Minister…
ACWA Power said that the 1500 MW wind energy project will be located in the Karakalpakstan area. The project is expected to achieve financial closure by the end of 2023. Saudi Arabia based utility developer ACWA Power has said in a disclosure on Tadawul bourse that the company has signed a Heads of Terms (HoT) Agreement with Uzbekistan for the development of a 1500 MW wind energy project. As per the disclosure, the deal will be signed with the Ministry for Energy and Ministry of Investment & Foreign Trade of the Central Asian republic. ACWA Power is partly owned by…