Prime Minister Mostafa Madbouly met with Nasser Fawzy, Director of the National Center for Planning State Land Uses, to review land allocations for electricity and renewable energy projects across Egypt. Since 2022, more than 40,000 square kilometers have been designated for renewable energy developments, including wind and solar power plants. The allocated land includes four plots located east and west of the Nile, six plots in the regions west of Sohag and Aswan, and additional areas for major renewable energy infrastructure projects. This includes the construction of the Faris and Benban power stations, as well as a solar power plant…
Author: Lakshita Kapoor
Turkey aims to increase its wind and solar energy capacity to 120,000 megawatts (MW) by 2035. This expansion will require $108 billion in public and private investments, according to Energy Minister Alparslan Bayraktar. The minister announced this plan at an event outlining Turkey’s renewable energy roadmap. The Energy Ministry plans to announce the conditions for its first renewable energy resource area tender of the year next week. The ministry is also making regulatory changes to encourage more private sector participation in renewable energy investments. As part of this strategy, the focus will be on 34,000 MW of pre-license and permission…
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA), together with the National Centre for Privatisation & PPP (NCP), is moving forward with a plan to power the Empty Quarter (Rub’ al Khali) land port using a hybrid energy system. While the specific power generation capacity for the project, known as the Development of Power Plant at Empty Quarter – Rub’ al Khali (EQ- Power Project), has not been revealed yet, the aim is to reduce the reliance on diesel fuel by incorporating renewable energy sources. The project will be developed through a Design-Build-Finance-Operate-Maintain-Transfer (DBFOMT) contract, spanning 25 years, including both…
During the recent meeting between Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir and the United Nations Industrial Development Organization (UNIDO) Regional Representative Patrick Gilabert, discussions focused on Egypt’s growing renewable energy sector, specifically solar, wind, and hydroelectric projects. As far as Egypt’s Solar Projects are concerned, UNIDO’s collaboration with Egypt supports the expansion of the Benban Solar Park in Aswan, one of the largest solar installations in the world. Benban has a capacity of 1.8 gigawatts (GW) and serves as a model for large-scale renewable energy projects in Egypt. The park has…
The European Bank for Reconstruction and Development (EBRD) has granted a loan of up to $28.25 million to Jordan’s National Electric Power Company (NEPCO) to support its “Northern Green Electricity Transmission Project.” This project, which has a total value of $35 million, aims to expand the electricity grid in northern Jordan, enabling it to handle increased capacity from renewable energy sources. The goal is to accommodate both current and future renewable energy projects in the region. The funding provided by EBRD will be utilized by NEPCO for the construction of high-voltage transmission lines. Specifically, the project will connect a new…
ACCIONA, a global company focused on renewable energy and sustainable infrastructure, has secured €300 million in funding to support environmentally friendly projects in the Gulf Cooperation Council (GCC) region. This financing is designed as a “green loan,” meaning it will be used for projects that help reduce carbon emissions and promote sustainability. The money will help local suppliers in the Gulf develop building materials, like cement and steel, that produce little or no carbon emissions. This supports ACCIONA’s goal of making construction more sustainable. The funding will go to projects that align with the European Union’s standards for green investments.…
Iberdrola, in collaboration with Masdar, a clean energy company in the UAE, has successfully completed the installation of turbines at Baltic Eagle, its 476 MW offshore wind farm located off the Baltics Sea. The Baltic Eagle forms part of Iberdrola’s larger Baltic Hub. The 50 installed wind turbines are supplied by Vestas with a unit capacity of 9.53 MW each. These installations are carried out by Fred. Olsen Windcarrier Shipping. When the project is at its full capacity, it will deliver electricity to around 475,000 households. In addition, this will reduce yearly carbon dioxide emissions of about 800,000 tons. Two…
China-based Hithium Energy Storage Technology Co and Saudi-based MANAT announced a new joint venture, Hithium MANAT, establishing a BESS manufacturing facility in Saudi Arabia. The plant will manufacture a BESS. Production capacity is expected to reach 5GWh (Gigawatt Hour) annually. The announcement was made at the Solar & Storage Live KSA event. Hithium launched its designed energy storage solutions specifically for desert environments. Global expertise in energy storage of Hithium coupled with Local insight into Saudi market by MANAT are offered in the new partnership. Hithium stated in its press release,” it will be significantly equipped to meet local energy storage…
The University of the Western Cape (UWC) invited qualified bidders to submit proposals for a Sustainable Energy Security solution, which encompassed the construction, installation, metering, maintenance, operations, and financing of the project. The project utilized a Build, Operate, and Transfer (BOT) model, allowing bidders to leverage their own supply chains, including contractors and subcontractors, to achieve the project’s goals. Bidders were required to provide a monthly cost for the BOT model and submit an option for capital expenditure (CAPEX) funding. The required infrastructure included a Solar PV System, which consisted of a 4 Megawatt peak (MWp) Solar Photovoltaic (PV) System…
Saudi Arabia’s Public Investment Fund (PIF) has raised its investment in green projects to over $19.4 billion (Dh71.2 billion). This funding is aimed at supporting 91 projects focused on renewable energy, clean transportation, and other environmentally friendly sectors. According to PIF’s second ‘Allocation and Impact Report,’ released, the fund is currently financing 18 operational projects. These projects cover various sectors, such as renewable energy, energy efficiency, green buildings, clean transportation, sustainable water management, pollution prevention, and the sustainable management of natural resources. PIF has already committed $457 million (Dh1.6 billion) to these 18 projects. Out of this amount, $372 million…