The world’s largest single-site solar park in Dubai, Mohammed bin Rashid Al Maktoum Solar Park, has received two bids (ACWA Power and Masdar) for phase VI of the 1,800 MW tender launched in September 2022. Dubai Electricity and Water Authority (DEWA) revealed that Masdar submitted the lowest bid of US 1.62154 cents per kilowatt hour. Masdar is a UAE-government-owned renewable energy firm. “DEWA has broken its own record and achieved the lowest price for PV solar power projects based on the IPP model in Mohammed bin Rashid Al Maktoum Solar Park,” said DEWA CEO Saeed Mohammed Al Tayer. DEWA revealed…
Author: Saur News Bureau
The Geo Consortium led by Kuwait-based EnerTech Holding Company has secured an order for one of Oman’s first hydrogen blocks by Hydrom (Hydrogen Oman). Owned by the Kuwait Investment Authority (KIA), EnerTech, which deals in clean energy investment and development, is also one of the founding partners of the Green Energy Oman (GEO) international consortium. Besides EnterTech, the GEO consortium consists of Oman’s integrated Energy Company OQ, Shell Oman, InterContinental Energy (ICE), and Golden Wellspring Wealth for Trading (GWWT), secured Block Z1-04, located in the Dhofar Governate. This agreement is one of the three signed deals granting the first green…
Trina Solar, a firm that delves into solar energy innovation, has unveiled its new n-type i-TOPCon advanced technology. The technology was given its first public viewing on the first day of the International Solar Photovoltaic Power Generation and Smart Energy Conference and Exhibition in Shanghai on May 24, 2023. Next year onwards, the Vertex n-type series will be upgraded, with the most powerful module in the series generating more than 700 W, the firm announced. At the exhibition, Trina Solar also announced that work on Phase II of its 15 GW monocrystalline silicon ingot project at its factory in Xining,…
The UAE and European Commission’s presidency of this year’s COP28 Climate Summit have pledged to work towards reaching global goals of expanding renewable energy by seeking support from other nations and helping them to shift from unabated fossil fuels. The duo has a target to “ensure maximum support on global 2030 targets for the tripling of renewable energy and doubling of energy efficiency,” revealed a statement after a meeting of officials in Brussels. “These targets would support the transition towards energy systems free of unabated fossil fuels,” noted the statement. Unabated fossil fuels do not use technology to capture the…
In order to cut down costs on SAF-(Synthetic Aviation Fuel ) Saudi-based Aramco, Italy’s ENI, have joined the world’s largest passenger carrier United Airlines to invest in British start-up OXCCU to commercialise its cost-effective sustainable aviation fuel. As per the statement, the $22.7 million investment led by U.S.-based investor Clean Energy Ventures has received Series A financing from the above companies. The other firms also participating in the investment include United Airlines Ventures Sustainable Flight Fund SM and Braavos Capital, alongside existing investors Kiko Ventures and the University of Oxford. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures. OXCCU is a…
Chinese wind turbine firm, Envision Energy will be supplying 1.67 GW wind turbines to NEOM Green Hydrogen Company. Located at Oxagon, Saudi Arabia, NEOM is the world’s largest utility-scale hydrogen plant powered completely by renewable energy. As per the deal, the firm will install its 171-6.5MW wind turbines that are expected to be fully operational by 2026. “We are proud to be associated with such an ambitious project that will pave the way for other companies to follow suit in pursuing sustainable initiatives.This contract represents a significant milestone for both our companies and the industry at large,” said Zhang Lei,…
UAE’s Masdar, Infinity Power, which is Africa’s largest renewable energy developer and Hassan Allam Utilities- a sustainable infrastructure focused investment platform, have collaborated with Egypt’s New and Renewable Energy Authority to build a 10 gigawatt (GW) capacity onshore wind farm in Egypt. It will be one of the largest in the world with an estimated project value of over US$ 10 billion. The deal was signed in Cairo in the presence of Egyptian Prime Minister, Moustafa Madbouly, Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology,Dr Mohamed Shaker El-Markabi, Minister for Electricity and Renewable Energy, Mohamed Jameel Al…
China Gezhouba Group and the Azerbaijan government have joined hands to assess utility-scale solar, wind energy, and integrated smart energy system investments. The deal has set a target of developing 2 GW of projects by 2025. The meeting was held between Parviz Shahbazov, Head of The Ministry of Energy of Azerbaijan Republic and Lin Shanqing, Deputy Administrator of China’s National Energy Administration, to discuss cooperation in the field of energy. The 2 GW of projects are expected to be developed by 2025. This pact has come as a part of the MoU signed between China Gezhouba Group and Azerbaijan’s Ministry…
The Dubai unit of PetroChina International Ltd and UK based natural resource and power developer firm, Oracle Power PLC’s subsidiary, Oracle Energy have collaborated to jointly develop Pakistan’s first green hydrogen production facility. The 400 MW project is located in Sindh, south-east Pakistan with planned hydrogen production of approximately 150,000 kg per day (55,000 tonne annually), which will be produced using electrolysers powered by photovoltaics. As per the deal, oil trader PetroChina International (Middle East) Co Ltd (PCME) will assist Oracle commercialise the project. In addition,PCME will arrange potential offtake for the green hydrogen output and carbon credits from the…
Jubail 3A independent water desalination plant, located in Jazlah has become the first-of-its-kind project in Saudi Arabia to integrate photovoltaic (PV) solar power for its water desalination processes. ACWA Power has collaborated with Gulf Investment Corporation (GIC) and ALBawani Water&Power Company (AWP) to launch the Jubail 3A independent water desalination plant, also known as Jazlah Water Desalination Company. The plant has received the commercial operation certificate from Saudi Water Partnership Co. (SWPC) and will officially commence its full-time operations. With an estimated budget of $650 million, the plant has the world efficiency record of 2.8 kWh/cubic meter of water that…