Nama Power and Water Procurement Company (Nama PWP) has revealed the list of qualified applicants to develop five wind-based Independent Power Projects (IPPs) across Oman. With an estimated total investment of RO 500 million, these projects are part of the government’s push to boost renewable energy as outlined in Oman Vision 2040 and its broader target to achieve net-zero emissions by 2050. The qualification round attracted strong interest from both international and local developers, with submissions from leading energy players. A total of 15 to 16 proposals were submitted for each of the five projects, and 12 applicants have been…
Author: Chitrika
Helmy, Hamza & Partners, Baker McKenzie Cairo office, has advised AMEA Power, one of the region’s fastest-growing renewable energy companies, on two pioneering renewable energy projects in Egypt. The first transaction involved advising AMEA Power on the development of a 1000 MWh solar power plant, along with a 600 MWh Battery Energy Storage System (BESS). Following the successful completion of AMEA Power’s first solar project in Egypt, the company has now embarked on this new solar venture. Notably, this project marks the introduction of batteries into the country’s solar energy landscape and it is also the first Build-Own-Operate (BOO) solar…
Ducab Group, an end-to-end solutions provider and manufacturing firm in the UAE, is elevating and expanding its Environmental, Social, and Governance (ESG) and decarbonization strategy following its appointment of Schneider Electric’s Sustainability Business as a strategic advisor. Schneider Electric will work closely with Ducab Group to develop a comprehensive ESG and Climate Strategy aimed at achieving significant carbon emissions reductions across Scopes 1, 2, and 3, aligned with the Science Based Targets initiative (SBTi). These efforts will build on the company’s existing sustainability measures, which include two solar PV plants that power half of its Jebel Ali factory and the…
AMG and RWE Supply & Trading have inked a Memorandum of Understanding (MoU) for the long-term supply of green ammonia from AMG’s Indian plants. It explains how the firm can deliver up to 250000 tonnes of green ammonia per year. The ammonia will be sourced from AMG’S manufacturing facilities at Kakinada and Tuticorin, in India. About 200,000 tonnes of the green ammonia required for the purpose will be produced from the Tuticorin complex and 50,000 tonnes from the Kakinada region’s unit.The ammonia that is generated will satisfy the Renewable Energy Directive’s (RED III) requirements for Renewable Fuels of Non-Biological Origin…
Muscat – Environment Authority (EA) has signed a five-year cooperation program with the Seoul-based Global Green Growth Institute (GGGI) to focus on nature-based solutions, land reclamation, and access to green finance.The partnership aims to promote environmental sustainability and tackle climate change challenges in Oman, an official informed.The agreement was signed by Abdullah bin Ali al Amri, Chairman of EA, and Mohamadou Tounkara, Regional Director for the Middle East and North Africa at GGGI.The program will see both sides sharing information, legislation, and best practices in climate change adaptation and mitigation. It will also promote climate-smart technologies and improve resource efficiency,…
The COP29 Presidency today announced the COP29 Presidency Initiatives as part of its “Action Agenda” to accelerate progress on climate action and supplement the formal negotiated COP agenda. In a letter addressed to all Parties and non-party stakeholders, the COP29 President-Designate Mukhtar Babayev set out the details of the package and how global stakeholders can contribute to the COP29 Presidency’s vision to enhance ambition and enable action.The Action Agenda confronts the world’s most pressing climate problems, shines a light on forgotten priorities, and provides a focus for wide universe of actors to come together. It also reflects Azerbaijan’s own capabilities…
Dubai-based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi-based Apex Investments PSC have formed a joint venture to build 16GWh per year manufacturing capacity of supercap energy storage, a cutting-edge technology with features that surpass the current lithium-ion technology we commonly see. The joint venture is set to meet exponential growth in demand. This will currently be the largest supercap energy storage manufacturing capacity in the world.As part of this collaboration, Enercap Energy Holding Limited, the joint venture, will establish a fully automated 10 GWh/year manufacturing facility in Abu Dhabi. Additionally, Enercap Energy Holding Limited has agreed to acquire…
Bahrain Economic Development Board (Bahrain EDB) has secured initial investment commitments valued at over USD 16 million from Polymatech to establish a semiconductor manufacturing facility in Bahrain’s Industrial Area of Hidd. This announcement was made during the island nation investment promotion agency’s visit to India, which covered key cities including Mumbai, Bengaluru, and Chennai, aimed at showcasing Bahrain’s dynamic business landscape and its growing appeal as a regional hub for technology and manufacturing. H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, stated, “We at Bahrain EDB are pleased to welcome Polymatech alongside several leading…
During the Advanced Air Mobility (AAM) event in Montreal, Volar Air Mobility and Etihad Aviation Training LLC (EAT) signed a Memorandum of Understanding (MoU) to strengthen cooperation in the field of advanced electric aircraft operations. The agreement aims to optimize the use of both parties’ capabilities and expertise through the exchange of information and joint initiatives in areas of mutual interest, advancing the UAE’s aviation sector.The MoU focuses on research and development (R&D) in electric aircraft operations, innovative sustainability projects, and regulatory engagement with UAE authorities. This collaboration aligns with the UAE’s Net Zero by 2050 agenda, promoting advanced air…
bp and Iberdrola have given the green light for construction of a 25 MW green hydrogen project at bp’s Castellón refinery which is expected to be operational in second half of 2026. This is the first hydrogen project jointly undertaken by bp and Iberdrola through Castellón Green Hydrogen S.L., a joint venture equally owned by both companies. The project was presented at an official event to publicly celebrate the signing in July 2024 of the final investment decision between bp and Iberdrola.This initiative, which includes the participation of the Technology Institute of Energy (ITE), has been awarded funding of 15…