The establishment of GSIAEP through the partnership between AEPCo Jordan and GSI combines the regional expertise and resources of AEPCo Jordan, a member of Kuwait’s KIPCO Group, with the local development, contracting, and investment capabilities of GSI. Together, they aim to lead the way in solar projects in the region, driving sustainability and fostering competitiveness. Dr. Hassan Qasem, CEO of AEPCo Jordan, underscores the partnership’s long-term commitment to Jordan’s solar market. By joining forces with GSI, AEPCo Jordan seeks to solidify its presence and strategy in the region, leveraging the expertise of local developers to enhance its market position. Engineer…
Author: Rashida
Oman Electricity Transmission Company (OETC) and key Omani institutions with counterparts from the United Arab Emirates (UAE) have signed an act regarding exploring projects in green steel, aluminium, and renewable energy sectors. Feasibility studies will kickstart under this memorandum, aiming to delve into the potential of these projects. Collaboration between Oman and UAE entities will facilitate identifying necessary investments, electricity connection requirements, and ensuring adherence to high standards of security and reliability in line with established policies and laws. This aligns with the shared goals of both nations to tap into opportunities within green industries, renewable energy, and environmental sustainability.…
Globeleq’s recent acquisition of a substantial stake in the 25-MWp solar plant within Egypt’s Benban Solar Park complex is a significant development in the realm of renewable energy investment in Africa. This move underscores Globeleq’s dedication to expanding its footprint in the region and contributing to the advancement of clean energy infrastructure. The Benban Solar Park comple x, situated near the city of Aswan, serves as a focal point for solar energy production in Egypt, making it an ideal location for Globeleq’s investment. The acquisition involved the purchase of a 48.3% stake from Enerray, Enerray Global Solar Opportunities, and Desert Technologies,…
The partnership between Acwa Power and Socar marks a significant milestone in Azerbaijan’s journey towards renewable energy and sustainable development. With the initial agreement signed in February 2023 and further strengthened by the recent additional agreement in April 2024, the collaboration aims to accelerate renewable energy projects in the country. One of the key focuses of this partnership is the evaluation of a low carbon/green fertiliser project, highlighting the commitment of both parties to sustainable practices. By assessing the production of green hydrogen to support the decarbonization of Socar Downstream assets, particularly the Socar Carbamide fertilizer facility, the partnership aims…
The recent Comprehensive Economic Partnership Agreement (Cepa) signed between Colombia and the UAE is poised to usher in significant investment opportunities, particularly in sectors such as green hydrogen and the digital economy. Colombia aims to attract a substantial investment ranging between $600 million to $700 million from the UAE following the agreement. The trade, industry, and tourism minister of Colombia, German Mendoza, emphasized that this new deal will not only boost trade and investment cooperation but also foster collaboration in various sectors crucial for economic growth. With the participation of both countries’ private sectors, the agreement is expected to have…
Egypt’s leadership in solar and wind power generation within the Arab world is a significant milestone, reflecting its commitment to sustainable energy development. With a production capacity of 3.5 gigawatts, Egypt has surpassed other regional players like the United Arab Emirates (2.6 gigawatts), Morocco (1.9 gigawatts), Jordan (1.7 gigawatts), and Saudi Arabia (0.78 gigawatts). This was disclosed in a recent report by the Global Energy Monitor. This accomplishment aligns with Egypt’s ambitious renewable energy targets, aiming to generate 42% of its electricity from renewable sources by 2035. Ayman Haiba, head of the Sustainable Energy Division at the Cairo Chamber of…
The partnership between Saudi Arabia energy firm Acwa Power and the International Renewable Energy Agency (Irena) represents a significant step towards driving the worldwide transition to renewable energy sources. Acwa Power, known for its expertise in water desalination and energy transition, aims to collaborate with Irena to accelerate the adoption and sustainable use of renewable energy globally. Through this partnership, Acwa Power and Irena will exchange crucial information on various aspects of renewable energy infrastructure, including investment, green hydrogen development, solar power, smart grids, and the energy-water nexus. Acwa Power will actively participate in Irena initiatives such as Green Hydrogen,…
Iraq, a prominent OPEC producer, has plans to enact a law specifically tailored to the renewable energy sector. This progressive move comes hot on the heels of the nation’s recent allocation of multiple solar power projects, signaling a pivotal shift towards sustainable energy practices in a region majorly reliant on oil. The Parliament’s Electricity and Energy Committee has affirmed its commitment to advancing this legislative agenda by convening various stakeholders to solicit their insights on Iraq’s inaugural renewable energy law. Through separate engagements with key officials, the committee aims to gather diverse perspectives to inform the drafting process, ensuring a…
Dubai Electricity and Water Authority (DEWA) is stepping up its efforts to bolster the infrastructure for electric vehicles (EVs) across Dubai, with Majid Hilal Al Hazami, Director of Smart Grid Projects Management, outlining ambitious plans during the World Future Energy Summit in Abu Dhabi. Currently, Dubai boasts approximately 390 charging stations catering to different types of EVs. However, DEWA is aiming for significant growth, with plans to increase this number to 1,000 stations by the conclusion of 2025. Al Hazami emphasised the incorporation of more ultra-fast chargers, signaling a commitment to enhancing charging efficiency and accessibility within the emirate. The…
Nhoa Energy, a subsidiary of Nhoa SA, formerly known as Engie EPS, has recently activated a battery energy storage system (BESS) with a staggering capacity of over 120 megawatt-hours (MWh) in Yilan County, Taiwan. This project, executed for the Taiwan Cement Group (TCC Group) within the SuAo plant premises, adds another significant achievement to Nhoa Energy’s portfolio. Notably, it closely follows the completion of a substantial 311-MWh battery installation for TCC Group by the end of 2023. Within Asia alone, the company has already brought online 550 MWh of such systems, signaling its firm commitment to advancing clean energy initiatives…