China-based Trina Solar signed three distributor partnerships, across the Middle East and Africa for the supply of 110MW of Vertex N modules to the region. Trina Solar partnered with Noon for renewable energy in Lebanon, Al Takamul Engineering in Palestine, and Golden Sun Solar Solutions in Sudan. Trina Solar is expected to deliver a total of 110MW modules including the cutting-edge Vertex N modules tailored to the region’s unique energy landscape. “We are thrilled to welcome Noon for Renewable Energy, Al Takamul Engineering, and Golden Sun Solar Solutions to our esteemed network of distributors,” remarked Zhao Lei, Head of Strategic…
Author: Chitrika
Prince Abdulaziz bin Salman, the Minister of Energy announced that Saudi Arabia has achieved new world records in reducing the cost of producing electricity from wind energy, with its Al-Ghat and Wa’ad Alshamal project. In a statement on this occasion, Minister of Energy His Royal Highness Prince Abdulaziz Bin Salman bin Abdulaziz Al Saud has expressed his thanks and gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, Prime Minister and the Chairman of the Supreme Committee for…
A 1.9-megawatt solar power plant was inaugurated at the Siemens Energy Egypt Service Center in the Suez Canal Economic Zone (SCZone). The plant, comprised of approximately 3,280 photovoltaic solar panels spread over 8,500 square meters, is expected to generate about 3 GW-hours of electricity annually, covering 90% of the site’s needs.The inauguration ceremony was attended by Mohamed Shaker, Minister of Electricity and Renewable Energy; Walid Gamal El-Din, Chairperson of SCZone; Frank Hartmann, German Ambassador to Cairo; and Vinod Philip, Member of the Executive Board of Siemens Energy. Gamal El-Din emphasized SCZone’s commitment to sustainable development and encouraged all companies operating…
The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS). The project aims to expand clean and reliable electricity access to approximately 75,000 households.The project marks Central Asia’s first renewable energy initiative with an integrated BESS component. Introducing the innovative BESS component will improve the efficiency and flexibility of the power system, providing greater security of supply and helping to mitigate the intermittency of renewable generation.The financing package includes up to $53 million…
Prince Abdulaziz bin Salman bin Abdulaziz; Minister of Energy, recently met Jennifer M. Granholm, United States Secretary of Energy in Riyadh. Within the context of the partnership for advancing clean energy agreement, signed by the Kingdom of Saudi Arabia and the United States of America, in Jeddah on July 15, 2022, the Ministers discussed ways to enhance cooperation between the two countries in various energy fields, including carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, energy sector supply chain resilience, and energy efficiency. The two ministers also addressed the Kingdom’s efforts to tackle climate change through local and…
Morocco has long prioritized a clean energy future, allocating substantial resources to renewable sources. Since 2009, the nation has invested $6 billion in solar, wind, and other clean technologies. This dedication is reflected in Morocco’s current energy mix, with renewables accounting for a commendable 37.6%, which the country aims to increase to 52% by 2050.Morocco’s ambitions extend far beyond these initial milestones. Recognizing the pressing need to expedite the transition from fossil fuels, the nation stands ready to take a significant leap forward.Morocco is poised to significantly bolster its energy production with a $7 billion investment. On Wednesday, Energy Minister…
According to the Renewable Energy and Energy Efficiency Organization – an affiliate of the Energy Ministry — solar power plants had the lion –share in the total renewable capacity during the aforementioned period. According to the overall energy mix, currently, solar power plants account for 58% of renewable electricity production and were followed by wind farms which represented 31% of the total capacity. Small hydropower plants and biomass plants stood next, as they accounted for 9% and 1% of the total renewable capacity respectively in April. The current Iranian government is working on plans to increase the country’s renewable capacity…
The United Arab Emirates (UAE) has developed many techniques and practices to enhance the efficiency of the energy sector while preserving national resources and finding alternative solutions to conventional energy. This supports the sustainable development of the country. The UAE Energy Strategy 2050 was launched in 2017 as the first unified energy strategy in the country that is based on balancing supply and demand with environmental obligations and creating a conducive economic environment for growth. The strategy keeps pace with the recent dynamic changes in the energy sector, the maturity of emerging low-emission energy technologies, and the country’s commitment to…
The Power Construction Corporation of China (POWERCHINA) and Al-Farabi Kazakh National University in Almaty, Kazakhstan, recently signed an agreement to establish a framework for industry-academia-research cooperation, aiming to innovate collaboration in technological innovation.Since 2008, POWERCHINA has signed 26 projects in Kazakhstan with a volume of over US$ 5 billion, including the upgrade of the Almaty Coal-fired Combined Heat and Power (CHP) Plant 2, which will drive the local energy structure’s transformation.Their new agreement is to support energy transformation for a cleaner almaty. In alignment with its “carbon neutrality by 2060” strategy, Kazakhstan has been focusing on developing new energy in…
Over the past 10 days, as numbers have continued to pour out from the listed players from China’s formidable solar sector, the impact of the low solar module prices seen over the past two quarters and more is clearly visible on their earnings as well. Even as volumes have grown in many cases, revenues have failed to not just keep pace, with some firms even slipping into losses. A far cry from the bumper profits of Fy22-23. Of course, the first quarter tends to be a slow quarter in any case for installations due to winter in some of the…