As per the Second Energy Storage Forum in Dubai, More than a thousand energy storage projects are in the offing worldwide, with hydrogen being a key player in the energy sector. The projects boast of investments worth $320 billion to be made by 2030. It is being held that renewable generation will reach 80% of the global energy mix by 2050. The Forum was themed “Driving Energy Transition Pathways Towards COP28,” and held by the Gulf Cooperation Council Interconnection Authority (GCCIA) and EPRI, a non-profit energy research and development organization. The platform asked FIIs globally to make investments in energy…
Author: Saur News Bureau
Dubai’s Roads and Transport Authority (RTA) has become the first Middle Eastern agency to develop a long-term strategy for migrating towards Net-Zero Emission Public Transport by 2050. As per the strategy, RTA targets to aims to contribute to reducing carbon footprints and reducing its impact on climate change. It aims to focus on minimizing its carbon footprint across three areas: public transportation, buildings and related facilities, and waste management. This strategy aligns with UAE’s preparations for COP28 and the UAE Net Zero by 2050 Strategic Initiative. In addition, it also exhibits RTA’s ongoing efforts to advance sustainability maturity levels in…
Germany-based Thyssenkrupp Nucera AG & Co KGaA, will supply electrolysers for a 2.2 GW hydrogen-to-ammonia production project in Northwest Saudi Arabia. The project, worth USD 8.4 billion (EUR 7.81bn) reached financial closing last week, and was put forward by Neom Green Hydrogen Company (NGHC). The project is already under construction. NGHC is an equally owned joint venture of Saudi Arabia’s ACWA Power Com., Air Products and Neom. As per the statement, these electrolysers are a key component of the project. The individual units are already the largest electrolysers ever built, with an individual capacity of 20 MW. 110 interconnected units…
As a part of its expansion plans in UAE, French energy firm, ENGIE has invested $12 billion (AED44 billion) in renewable energy, water desalination, and green hydrogen projects in the country. Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia at ENGIE, emphasised on the company’s commitment to further expansion, primarily in the UAE, which is an important strategic market in the Middle East. In a statement, the firm said that these projects encompass the development of the Al Ajban Solar PV, water desalination initiatives, battery storage, green hydrogen production, and the operation of the Mirfa 2…
Saudi-based petrochemical manufacturer SABIC in partnership with Solarge, a manufacturer of circular lightweight solar panels has developed lightweight, circular photovoltaic (PV) panels. This was showcased during the recent opening event of Solarge’s new production facility in Weert, Netherlands. The ceremony was attended by representatives from SABIC and Solarge, Rob Jetten, Dutch Minister for Climate & Energy, and Kadri Simson, European Commissioner for Energy. Speaking on the occasion, Lada Kurelec, General Manager, SABIC, “As a part of our sustainability strategy to support the energy transition, SABIC prioritizes collaboration and innovation together with industry leaders in their fields. We are proud to…
Ahead of COP28, which will take place at Expo City Dubai in November, the UAE cabinet meeting has approved 78 environmental projects and initiatives implemented by the Emirates. The projects include national strategies to reduce carbon and regulate the use of solar energy products, sustainable tourism and other projects supporting sustainable development. It may be noted that the UAE was the first GCC member to make a net-zero 2050 pledge. ADNOC, the biggest oil exporter of the UAE, has allocated $15 billion in decarbonisation projects including carbon capture, electrification, and new CO2 absorption technology. At the 2015 COP21 Paris, a…
EWEC (Emirates Water and Electricity Company) and Zero Two, a digital assets infrastructure development firm based in Abu Dhabi, have partnered to make the the largest single purchase of Clean Energy Certificates (CECs) to date, that covers 7.3 million megawatt hours of clean energy. This landmark purchase agreement was signed by Ahmed Al Hameli, CEO of Zero Two, and Othman Al Ali, CEO of EWEC. It was facilitated through EWEC’s CECs auction process. Besides being the largest ever single CECs purchase, it has also set an example for the digital assets infrastructure sector. The firm disclosed that the purpose of…
Oman will be constructing a mega hub in Oman to produce low-carbon products. To implement this, Brazil-based iron ore producer, Vale S.A.firm has signed a land reservation agreement with the Port of Duqm Company SAOC and a memorandum of understanding (MoU) with Marafiq, a utility firm. Under the agreement, an integrated industrial complex (Mega Hub) will be built in the Special Economic Zone at Duqm (SEZAD) to produce low-carbon products for the steel-making industry. The agreement and the MoU were signed by Eduardo Bartolomeo, Vale’s CEO, Reggy Vermeulen, Port of Duqm’s CEO and Eng. Abdullah Mohammed Al Hashmi, Managing Director…
Sustainability Forum Middle East (SFME) hosted the first of its Decarbonisation Round-table Series in the Kingdom of Bahrain on “Carbon Markets – Accelerating and Funding the Road to Net-Zero”. Held on May 23, it witnessed a gathering of senior climate, finance and sustainability leaders. Held under Bahrain’s Supreme Council for Environment (SCE), it emphasised the importance of partnerships between the public and private sectors to achieve sustainable development goals and reach net zero. The SCE highlighted the national role of the private sector in Bahrain and its collaboration with various public and private trade and industry sectors along with other…
Oman’s Nama Power and Water Procurement Company have now inked a deal worth 800 million USD with investment companies for two independent power projects (IPPs). It will be utilized for building renewable sources to produce clean electricity in Manah town in the Dakhliyah region. As per the deal, the project will use solar power in the two IPPs viz. Manah I and Manah II , having a total production capacity of 1,000MW. The two projects will be set up on an area of 14.5mn sqm and will ensure the installation of over 2 million solar panels. The French…