The European Bank for Reconstruction and Development (EBRD) is contributing to Uzbekistan’s objective of developing up to 25 GW of solar and wind capacity by 2030. They are organizing a facility of up to US$ 229.4 million for the development, design, construction, and operation of a 500 MWh battery energy storage system (BESS) and a 200 MW solar photovoltaic power plant in the country’s Tashkent region. This is one of the largest EBRD-supported BESS projects in the economies where the Bank operates. The project’s technology will help ensure the safe and reliable connection of intermittent renewables to the power grid.The…
Author: Chitrika
Petroleum Development Oman (PDO), one of the largest oil and gas producers in the country announced progress in the development of a string of renewable energy projects. These projects are designed to support the decarbonization of its operations in key areas of its expansive Block 6 concession. Notable is a pair of wind power projects – the first by the majority state-owned energy company – and a new solar Independent Power Project (IPP) planned in the north of its concession.The two wind energy IPPs, dubbed Riyah-1 and Riyah-2, are of around 100 MW capacity apiece, and are proposed to come…
TAQA Arabia and Voltalia have signed a framework agreement with the Egyptian government to produce green ammonia, with a total investment that could reach up to $3.40 billion. The project will be carried out in two identical phases, each featuring a 500-megawatt (MW) electrolyzer powered by over 1.30 gigawatts (GW) of solar and wind energy.Located at a greenfield site near Ain Sokhna port in the Suez Canal Economic Zone (SCZONE), the facility will have an annual production capacity exceeding 350,000 tonnes of hydrogen per phase.Pakinam Kafafi, CEO of TAQA Arabia, said: “TAQA Arabia is committed to contributing to building the…
Sineng Electric, a global leading PV+ESS solution provider, has partnered with Larsen & Toubro and supplied 1,016MW of its 6.6MW MV turnkey stations to the Al Kahfah Al Kahfah in Saudi Arabia. This collaboration marks a significant milestone in Sineng’s mission to deliver innovative and efficient energy solutions worldwide.The PV project is part of the National Renewable Energy Programme (NREP) led by the Ministry of Energy. The initiative aims to refine the energy mix for power generation, decrease dependence on liquid fuels, and contribute to Saudi Vision 2030 – to generate 50% of its electricity from renewables by 2030. Jointly…
Saudi energy giant ACWA Power Co. has signed financing deals worth SR1.4 billion ($373.1 million) for Tashkent’s Riverside power plant in Uzbekistan, according to a statement on Tadawul. The facility aims to generate 200 MW of solar photovoltaic energy and store 500 MW per hour using batteries, with a total cost of SR2 billion.The financing agreements were signed by ACWA Power Riverside Solar Holding Co., with the project being under the full effective shareholding of the company. The Saudi utility firm explained that the funding was secured on July 1 from a consortium of development finance institutions, funds, and international…
Jebel Ali Free Zone (Jafza) and Eaton, a global intelligent power management company, today signed an agreement to build a new sustainable campus, bringing together Eaton’s Dubai-based commercial, manufacturing, and support functions while providing capacity for growth in the future. The project will extend Eaton’s research, engineering, and manufacturing capacity and aim to significantly boost Dubai’s capabilities in the advanced manufacturing of electrical and electronic components required to deliver safe and efficient power for several industries, including data centers, buildings, and solar energy.The construction of the facility, covering more than 500,000 square feet, will begin in 2025 and is expected…
BP has entered into a Joint Development Agreement (JDA) to join the Masdar, Hassan Allam Utilities, and Infinity Power consortium to explore the potential development of a multi-phase green hydrogen (gH2) project in Egypt.Under the JDA, bp will act as the lead developer and operator of the project on behalf of the consortium. The partners are combining their respective gH2 projects in Egypt and will also explore the potential for a single large-scale, multi-phase project for the development of gH2 and its derivatives, with a focus on exports.The newly formed consortium has signed a Framework Agreement (FWA) with the Egyptian…
Saudi Arabia’s Ministry of Energy initiated a mega survey program to identify sites rich in renewable energy resources in the Kingdom as part of the National Renewable Energy Programme (NREP).State-owned Saudi Press Agency (SPA) reported on Tuesday that Saudi companies have been awarded contracts under the project to install 1,200 stations for measuring solar and wind energy resources across the Kingdom.The report quoted Saudi Minister of Energy Prince AbdulAziz bin Salman bin AbdulAziz Al Saud as saying that the survey will cover more than 850,000 square kilometers (sq. km) excluding populated areas, dunes, and restricted airspaces, and help identify the…
TOKYO-based Mitsui & Co. started construction of an ammonia plant in the United Arab Emirates (UAE) with their Abu Dhabi National Oil Company (ADNOC) unit, as their partner. The move comes as the Japanese trading house steps up its efforts to build global supply chains of greener fuels such as hydrogen and ammonia to help advance energy transition and tackle climate change. Mitsui has also signed a loan agreement with the Japan Bank for International Cooperation (JBIC) to finance the development of the project, it said in a statement. Mitsui’s partners are TA’ZIZ, which is owned by ADNOC, Fertiglobe, and…
Saudi Arabia has a strategy to reach net zero by 2060 and is relying on modern, highly efficient gas-fired power plants in combination with CO2 capture and storage, to significantly reduce its emissions. Siemens Energy is supplying key power plant technologies that will provide almost 4 gigawatts to the Kingdom, and in addition has also entered into a long-term maintenance contract for 25 years for the two power plants, with a total value of US $1.5 billion. Taiba 2 and Qassim 2, two of the world’s largest, modern, and efficient combined-cycle power plants, will be built in the western and…