Abu Dhabi-based clean energy firm, Masdar, has signed an agreement with Malaysia’s Citaglobal Berhad to build multiple RE projects in Malaysia that includes rural, off-grid initiatives. To this end, an MoU was signed in Malaysia by Abdulla Zayed, Masdar’s Head of Development and Investment, and investment holding company, Citaglobal’s Executive Chairman and President, Tan Sri Mohamad Norza Zakaria. The two firms plan to develop projects in the Malaysian state of Pahang that will include solar, battery energy storage system (BESS), wind and other renewable energy technologies. “By collaborating with a leading energy transition player, we will make faster progress towards…
Author: Saur News Bureau
Oman Oil Marketing Company (OOMCO) recently signed a Partnership Agreement with Synergy Investment to establish Electrical Vehicles One (EVO). With the aim towards contributing towards Oman’s net zero target by 2050, EVO will be developing Oman’s electric vehicles (EV) infrastructure and supporting the overall green mobility initiatives. By establishing EVO, OOMCO aims to support the Ministry’s Green Mobility Plan by providing various eco-friendly, sustainable, and green mobility solutions to support sustainable mobility in Oman. The agreement was signed during recently held Green Mobility Forum organized by the Ministry of Transport, Communication and Information Technology. Tarik Al Junaidi, Chief Executive Officer…
Misr Fertilizers Production Company’s (MOPCO) board has approved the formation of a new green Hydrogen Company for the production of green hydrogen, in association with the Egyptian Petrochemicals Holding Company (ECHEM) and Norway’s Scatec. This was disclosed by MOPCO, recently. ’The new company will use produced green hydrogen in the production of green ammonia,’ the statement from the firm informed. The green hydrogen will be employed for the purpose of production of green ammonia. The ownership of the yet-to-be-established company is currently being determined, and will be disclosed once decided. Egypt based MOPCO deals in the production, marketing, wholesale, and…
United Arab Emirates aims to go carbon neutral by the mid-century with its UAE Net Zero by 2050 strategic initiative, making it one of the pioneers in the Middle East and North Africa (MENA) nations. Building upon the national goal, a group of university students in Dubai built a self-driving (autonomous) car powered exclusively by solar energy. 22 undergraduate engineering students shaping the future of urban transportation with their self-driving car. The innovative vehicle is set to revolutionize travel between CUD’s (Canadian University Dubai) City Walk campus buildings, showcasing the potential of autonomous mobility. The CUD Autonomous Car features a…
Iraq has an ambitious plan to boost up its power capacity with plans to add 11,000 megawatts (MW) of electricity in the next three years. The step-up in capacity will be achieved through new projects and a planned grid link with neighbouring countries. The present production is 26,000 MW of electricity in Iraq, but the nation’s energy needs are estimated to be ~40,000 MW. Ziad Fadhil, the Minister of Electricity, revealed that a significant portion of Iraq’s power network relies on imported gas from neighbouring Iran, as domestic gas production falls short of the demand. The Electricity Ministry is tackling…
The UAE’s renewable energy firm, Masdar, has signed a strategic agreement with Spain’s Iberdrola, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. The deal was signed in Madrid by Ignacio Galan, Iberdrola’s Executive Chairman, and Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi. As per the statement, Iberdrola will retain a majority 51% stake in the asset, helping accelerate green energy security in Europe. Further, as per the deal, Bathe ltic Eagle wind farm is valued at approximately €1.6 billion ($1.77 billion). Iberdrola will control and manage the asset, providing operation and…
A specialised seminar organised by DEWA (Dubai Electricity and Water Authority) at the DEWA Campus for Occupational and Academic Development, explored opportunities for expanding collaboration and exchanging experiences between DEWA and several major South Korean companies in energy, renewable energy, sustainability, water systems, information technology, smart cities, electric vehicles, and low-carbon technologies. The seminar was attended by Saeed Mohammed Al Tayer, MD and CEO of DEWA, Moon Byung-iun, Consul-General of the Republic of Korea in Dubai along with other 60 companies. The seminar focused on enhancing the participation of South Korean companies in the 25th Water, Energy, Technology, and Environment…
In a bid to promote green energy in Arab cities, towns and villages throughout the country, Israel plans aims to promote the transition to sustainable energy in the Arab local authorities, thereby reducing gaps in infrastructure quality, lowering energy expenses, and increasing municipal revenues from energy production. This was revealed in a statement recently. The plan, estimated to cost 30 million shekels ($8.31 million), will finance energy efficiency and renewable energy production projects, that will include the replacement of old, inefficient lighting and air conditioning systems, the implementation of solar projects in public buildings, amongst other projects. Besides the green…
Energy firm JERA and the Public Investment Fund (PIF) have joined hands to give a push to green hydrogen projects and derivatives like ammonia. These will mainly be exported from Saudi Arabia. The MOU has been signed between Yuichiro Kato, Executive Officer, Head of the LCF Value Chain Division at JERA, and Yazeed Alhumied, Deputy Governor and Head of MENA Investments at PIF. In 2022, JERA, JERA set up JERA Middle East and Africa Management Co. Ltd. in Dubai, UAE, for combined cycle power plants, renewable energy projects, and green fuel production. Meanwhile, PIF has been a key player contributing…
Researchers at the Bar-Ilan University near Tel Aviv have produced a solar panel consisting of 676 different materials that convert the sun’s energy into electricity. It is part of the new class of solar panels developed from AI-based materials science, which means that artificial intelligence (AI) designs the materials in the panels. The AI design not only makes the solar production process more efficient but also cheaper. The researchers are working to replace the silicon component of solar cells with their new materials to make solar panels more sustainable. Dr Hannah-Noa Barad of Bar-Ilan University, who conducted the research along…