The world’s largest green hydrogen production facility with a total investment value of USD 8.4 billion has now achieved financial close. This was announced by NEOM Green Hydrogen Company (NGHC) in a statement. For this, NEOM signed financial documents with 23 local, regional, and international banks and investment firms. The plant is currently being built at Oxagon, in Saudi Arabia’s region of NEOM. In addition, NGHC has concluded the engineering, procurement, and construction (EPC) agreement with Air Products, which is its nominated contractor and system integrator for the entire facility. It has also signed an exclusive 30-year off-take agreement with…
Author: Saur News Bureau
Dubai Electricity and Water Authority (DEWA) discussed cooperation in urban sustainability, smart technologies and innovative solutions with the delegation from the Seoul-based World Smart Sustainable Cities Organisation (WeGO). The groups discussed prospects for cooperation and exchange of experiences and best practices between the two organisations and discussed ways to achieve sustainable development goals. The meeting was attended by Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA. Jung Sook Park, WeGO Secretary General, and Eunbyul Elena Cho, Head of the Program Department. The South Korean WeGo…
ACWA Power will be developing three large-scale photovoltaic (PV) solar plants in Saudi. These power purchase agreements (PPAs) are estimated to be at $3.25 billion with the combined capacity of 4.55 GW. The deal was signed between the Saudi Power Procurement Company (SPPC) and ACWA Power’s subsidiary companies Nawwar Renewable Energy Company, Saad Two Renewable Energy Company, and Ishaa Renewable Energy Company. As per the pact, the three projects called as Ar Rass 2, Saad 2, and Alkahfah are located in the central and northern regions of Saudi Arabia with respective production capacities of 2,000 MW, 1,125 MW, and 1,425…
UAE’s flagship clean energy firm Masdar has inked a joint development agreement (JDA) with Uzbekistan’s Ministry of Energy (MoE) and the Ministry of Investments, Industry and Trade (MIIT) under which it will additionally develop more than 2-GW of solar and wind projects along with 500 MWh of battery energy storage in the country. The projects will come up at multiple sites across Uzbekistan. Dr Sultan Al Jaber, Chairman of Masdar, said, “The UAE is fully committed to supporting countries to decarbonize. Uzbekistan is a key strategic partner, and we continue to work together to deliver renewable energy projects that power…
In a major pact, ACWA Power has signed a pact to build a $100 million green hydrogen project with Uzbekistan’s state-owned chemical firm Uzkemyoasat. As per the statement, this will be the first project of its kind in the Central Asian country. The deal also includes a power purchase agreement with the National Power Grid of Uzbekistan. The hydrogen offtake capacity is set at 3,000 tons per year, while the renewable capacity will range from 52-100 megawatts (MW), the statement added. The deal also includes the procurement of renewable energy capacity of 52 to 100 megawatts from Uzbekistan’s inaugural green…
The UAE flagship renewable energy company Masdar has announced that it has almost doubled its clean energy capacity and CO2 displacement in a space of just two years. Masdar claims to be on track to become one of the world’s largest renewable energy companies by 2030. Masdar achieved a clean energy capacity of 20 GW in 2022, generated 18,000 GWh of clean energy. The quantum of energy is enough to displace 10 million tonnes of CO2. The Sustainability Report, which covers Masdar’s global operations for 2022, also highlights the launch of a Green Finance Framework. In 2022, Masdar signed significant…
In a move towards strengthening their partnership, Dubai Electricity and Water Authority (DEWA) and Huawei officials discussed the strategies to promote the partnership between the two firms. To this end, Saeed Mohammed Al Tayer, MD & CEO of DEWA met high-level delegation from Huawei Middle East headed by Steven Yi, President of Huawei Middle East and Central Asia. It said in its statement that the partnership has paved the way for significant achievements over the past years in areas such as digital transformation, exchanging the best international solutions, experiences and practices, especially in innovation, disruptive technologies, smart grids, digital transformation,…
UAE-based renewable energy solutions provider Empereal Ruby Energy & Innovations and Uzbekistan’s Solar Nature, dealing in the design and EPCM of solar photovoltaic systems, has signed a pact for joint co-operation on solar photovoltaic and solar thermal projects in Uzbekistan and the Middle East. The deal was initiated by Dubai International Chamber, one of the three chambers operating under Dubai Chambers. Both the firms have participated in the Dubai International Chamber’s New Horizons Central Asia roadshows in March 2023. As per the deal, there are plans to drive the international expansion of Dubai businesses into select Central Asian markets and…
Powertech Mobility, an infrastructure provider and system integrator of Electric Vehicles (EV) in the UAE has introduced a unique charge point management system software named ELVIS (Electric Vehicle Infrastructure Solution). This will empower Charge Point Operators (CPOs) and EV owners and will help to optimize their energy usage and also derive data on the charging activities of their electric vehicles. In collaboration with Numocity Technologies, an India-based digital platform for EV charging, the firm has customised the software for the UAE EV segment. Numocity Technologies is partly owned by the e-mobility division of global EV charging solutions firm ABB. Moreover,…
Abu Dhabi-based energy firm Masdar and European aviation firm Airbus have collaborated to support the development of Sustainable Aviation Fuel (SAF) and also to promote SAF market. With this agreement, the firms will work together on areas like SAF, Green Hydrogen, and Direct Air Capture technologies, as well as support the development and implementation of ‘book and claim’ solutions. The agreement was signed by Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, and Mikail Houari, President, Airbus Africa, and Middle East. The other dignitaries present were Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of…