Global solar tracker company Arctech has now emerged as the only company among the world’s top 5 solar tracker suppliers to achieve an annual growth rate of 131%, according to the 2024 Global PV Solar Tracker Market Share Report published by Wood Mackenzie, the firm said today. Arctech is a provider of solar tracking, racking, and BIPV solutions. The report indicates that Arctech holds a 45 percent market share, surpassing other suppliers. In the Middle East region, Arctech commands a substantial 21 percent market share with a portfolio exceeding 10GW. The report states, “Arctech has maintained its position as the top…
Author: Saur News Bureau
Countries in West Asia continue to focus on solar capacity as well as manufacturing with some success. The latest to join the manufacturing bandwagon in the sun drenched region is Oman, where Chinese solar manufacturer Q-Sun Solar has signed a deal to develop a 10GW n-type solar module and cell manufacturing facility. According to Q-Sun, the new facility would produce 8GW of solar modules and 2GW of cells in the Sohar free port region of Oman. While a time frame has not been provided, Omani media puts the timeline as 2026 end. Solar demand, while not as high currently, could…
Dubai Electricity and Water Authority (DEWA) has renewed the BS 13500:2013 certification in Effective Governance Management Systems for the 8th consecutive year, following a comprehensive audit by the British Standards Institute (BSI). This covered key governance areas including Human Resources, Information Technology, Risk Management, Legal Affairs, Finance, and Procurement activities. This achievement adds to DEWA’s extensive record of accomplishments and globally competitive results. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, received the certificate at DEWA’s head office. Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA; Ali Al Muwaijei, Vice President of Governance,…
Jakson Green Private Limited, a new energy transition platform, has secured a credit facility of Rs 2.96 billion from First Abu Dhabi Bank (Mumbai). The company said that this financing will fuel the company’s international expansion, with Uzbekistan serving as the first beneficiary for its upcoming solar photovoltaic (PV) and battery storage project. “As Jakson Green actively expands its global reach in the Middle East, Africa, Commonwealth of Independent States (CIS) and Europe, this credit facility marks a significant milestone for its entry into Uzbekistan’s renewable energy sector. The project includes the construction and operation of a 250 MW solar…
Dubai International Chamber, a key entity under Dubai Chambers, has played a pivotal role in supporting Kilimanjaro Energy’s entry into the Chinese market. This effort culminated in the signing of a memorandum of understanding (MoU) between Kilimanjaro Energy and Skyworth Photovoltaic Technology, based in Shenzhen, China. The MoU, signed at Dubai Chambers’ headquarters with representatives from Dubai International Chamber and the government of Shenzhen’s Guangming District in attendance, outlines collaboration in photovoltaic energy and energy storage solutions. Specifically, the agreement focuses on developing projects for commercial and industrial sectors across global markets. Both Kilimanjaro Energy, a Dubai-based renewable energy firm,…
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, announced today the completion of a Sale and Purchase Agreement(s) to sell 35% of its shareholding in ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company limited to China Southern Power Grid International (HK) Co. Ltd (CSGIHK), the global investment and development arm of China Southern Power Grid (CSG). Following the successful completion of the conditions precedent, a closing ceremony was held in Tashkent to mark the transaction’s completion. The ceremony was attended…
A latest report from the International Energy Agency (IEA) said that investments in the renewable energy sector is on the rise. This comes at a time when the region is already dominated by the fossil fuels like coal, gas and other sources. The report said that Middle East is home to five of the world’s top oil producers: Saudi Arabia, Iraq, the United Arab Emirates (UAE), Iran, and Kuwait. These countries play a significant role as a producer of natural gas, with three of the world’s top ten producers being Iran, Qatar, and the UAE. “For the moment, spending on…
The UAE renewable energy market is projected to exhibit a growth rate (CAGR) of 11.20% during 2024-2032, a latest report from Imarc said. It said that the implementation of various government initiatives, including Vision 2021 and Energy Strategy 2050, abundant solar resources, technological advancements in solar photovoltaic (PV) and wind energy, competitive bidding processes, supportive regulatory frameworks, and rising consumer awareness are some of the factors creating a positive outlook for the market. Government Initiatives and Policies: The UAE government has introduced vigorous programs and policies to open up new sectors of its energy mix and reduce reliance on fossil fuels.…
By Marc Thiriet, Director, Africa, Wärtsilä Energy It is no longer disputed that solar and wind power will be the foundation of Africa’s future energy systems. They are perfectly suited to the continent’s unique conditions and are already the most cost-competitive power option in almost all cases. This consensus spans academia, businesses, and policymakers who all recognize the potential of renewable energy to meet Africa’s growing needs sustainably. They also readily acknowledge the intermittent nature of renewables, and the associated need for flexible power capacity within the electricity networks to ensure safe and steady supply. It’s a good start. But…
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received Joakim Larsen Consul General of the Kingdom of Denmark in Dubai, at DEWA headquarters in Dubai. The meeting underscored the ongoing collaboration between DEWA and Danish companies in the fields of renewable energy, sustainability, and advanced technology. The meeting also reaffirmed the shared vision between the two parties for a sustainable future and their commitment to driving innovation in clean energy. By leveraging Denmark’s advanced technologies and DEWA’s strategic initiatives, significant progress in sustainable development goals can be achieved The meeting was attended by Waleed…