Advanced Engineering Consultancy (ADVEC), an energy engineering consultancy and project management, signed two strategic agreements with Green Energy Solutions, the main developer of the energy system within Tarboul Industrial City, one of the world’s largest industrial cities in terms of land area, investment volume, and advanced infrastructure.These agreements come as part of ADVEC’s strategy to strengthen its role in supporting Egypt’s industrial development and sustainable energy plans through the provision of innovative engineering and consultancy solutions. The aim is to develop integrated projects based on the latest technologies and international standards, contributing to improved energy efficiency, encouraging innovation, and building…
Author: Chitrika
ACWA Power, a private water desalination company, a leader in the energy transition and a first mover into green hydrogen, has completed the refinancing of the Rabigh 3 Independent Water Project (IWP). In a press release, ACWA said the refinancing was executed through a capital-markets-led approach, anchored by the issuance of a long-term senior secured project bond that achieved a high investment-grade credit rating from one of the top global rating agencies. Rabigh 3, Saudi Arabia’s 600,000 m³/day seawater reverse osmosis desalination plant serving the Makkah region has delivered strong performance, with availability levels exceeding 99%, reinforcing its importance to…
Saeta Yield, a Masdar company, has successfully closed the €340 million refinancing of clean energy assets in Portugal and has secured a €200 million RCF in Spain, as it looks to grow its project footprint and execute its expansion strategy. The debt refinancing comprises €340 million of senior loan facilities, maturing at the end of 2041. The refinancing was heavily oversubscribed, reflecting strong support from the market and confidence in Saeta Yield’s growth strategy and capabilities. Participating financial institutions include ING, which also acted as financial advisor, Bank of America, BBVA, Crédit Agricole CIB, DWS, and Millennium Investment Banking. Saeta…
IFC has recently partnered with AMEA Power, a renewable energy developer, and Kyuden International Corporation of Japan to build a large-scale solar power plant and battery energy storage system (BESS). IFC said while sharing project details in a press release, about leading the $571.8 million debt package. The package would include funds from its own account. Additionally, it also told about mobilizing funds from partners to the project company, Abydos For Renewable Energy, to finance the construction and operation of Abydos II, a 1,000-megawatt solar PV power plant with an integrated 600-megawatt-hour (MWh) battery energy storage system. Abydos II will be…
In a significant move to bolster collaboration in advancing global sustainability initiatives, Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company PJSC – Masdar have signed a three-year bilateral agreement. In a press release, the Dubai government explained that Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company PJSC – Masdar signed a three-year bilateral agreement to support Abu Dhabi Sustainability Week (ADSW). The global platform hosted by Masdar, and the Water, Energy, Technology and Environment Exhibition (WETEX), organised by DEWA. The agreement was signed by Saeed Mohammed Al Tayer, MD & CEO of DEWA,…
The major integrated trade, logistics and maritime company AD Ports has partnered with Masdar, the leading clean energy giant, for the buildout of Offshore Wind Projects. The partnership aims to jointly contribute to analysing technical requirements and identify where AD Ports can deploy its capabilities, provision and fabrication of substations, onshore and offshore logistics solutions, subsea services, and maintenance and operations support, to finish the project with cost efficiencies. About The Project Captain Ammar Al Shaiba, CEO of Maritime & Shipping Cluster, AD Ports Group, said that utilising the Group’s maritime and logistics capabilities and experience, they are uniquely positioned…
Masdar, a global clean energy leader and a pioneer in green hydrogen, and Tadweer Group, a driving force in unlocking the value of waste, signed a Joint Development Agreement (JDA). This agreement aims to progress the development of the first commercial-scale Waste-to-Sustainable Aviation Fuel (SAF) project in Abu Dhabi. Located in Abu Dhabi, the plant will convert around 500,000 tons of waste into SAF per year, using a hybrid production pathway that combines renewable energy-powered electrolysis, producing green hydrogen and waste gasificatio,n turning syngas into SAF through various proven chemical processes. Once operational, the project is expected to serve multiple…
SgurrEnergy, a global leader in renewable energy engineering and integrated technical consultancy with over 23 years of experience, has delivered 39 GW of renewable energy capacity across the MENA region. This reaffirms its role as a key partner in MENA’s clean energy transition and its commitment to driving large-scale renewable energy capacity in the area. SgurrEnergy has established a strong footprint across 15+ countries in the MENA region by helping developers, investors, and utilities navigate regulatory frameworks and deliver large-scale solar, BESS, and hybrid projects. The company has advised on Iraq’s largest solar + storage portfolio and played a pivotal…
Seef Properties announced the successful launch and full operation of its solar power plant at Seef Mall – Muharraq, marking a significant milestone in the company’s sustainability journey and reinforcing its commitment to innovation, energy efficiency, and a greener future. The achievement was made possible through Seef Properties’ strategic partnership with Yellow Door Energy (YDE), a leading sustainable energy partner for businesses in the Middle East and Africa. The solar power purchase agreement (PPA) brings clean power to four of the company’s flagship retail destinations: Seef Mall – Seef District, Seef Mall – Isa Town, Seef Mall – Muharraq, and…
The consortium comprising France’s TotalEnergies, Japan’s Toyota Tsusho and Saudi Arabia’s Altaaqa Renewable Energy (Zahid Group) has reached a major milestone with the Commercial Operations Date (COD) of its 112-megawatt (MW) solar PV power plant in Wadi Ad-Dawasir, Saudi Arabia. Built by SEPCO, a subsidiary of Power China, and commissioned on July 21, the plant is TotalEnergies’ first renewable project in Saudi Arabia. It powers more than 15,000 homes. The electricity produced is sold to the Saudi Power Procurement Company through a Power Purchase Agreement (PPA). This project is part of Round 3 of the National Renewable Energy Program (NREP)…