Solar tracking, racking, and BIPV provider Arctech has announced that it is poised to provide 1.5-GW SkyLine II solar tracking solution for ASB project in Saudi Arabia, marking the company’s first solar tracking and racking project in the country. Arctech informs that located in the Al Shubakh district, Jeddah City, Mecca, Saudi Arabia, the ASB project is the biggest solar plant in construction in the Middle East region serving the purpose of expediting regional energy transition to spell out the “Vision 2030”. Arctech has a series of trackable project portfolios in the region following the “One Belt One Road” initiative…
Author: Saur News Bureau
UAE-based National Bank of Fujairah (NBF) has announced giving a long-term credit facility to CleanMax, an Indian renewable energy company, to refinance its rooftop solar portfolio in the United Arab Emirates (UAE). The partnership will likely cover around 48 operational rooftop assets in industrial facilities, malls, schools, and universities. As per its Energy Strategy, UAE has already planned to achieve a 50% share of renewable energy in its total energy mix by the end of 2050. NBF said that the partnership aligned with their broader sustainability goals, including their continued commitment to expanding their portfolio in clean energy. “Facilities in…
The ALFATTAN- LtechUVC Green Energy SPC, will be setting up 200 MW class green hydrogen and ammonia plant in Abu Dhabi. The SPC (Special Purpose Company) is formed with the collaboration between UAE-based Al Fattan Energy and South Korean renewable energy developer LTechUVC. The SPC will oversee the development of the project with the estimated cost of approximately $400 million. The project is situated in the KEZAD (provisional) area, the largest industrial complex in Abu Dhabi. The ALFATTAN LtechUVC Green Energy SPC was officially inaugurated on March 17, 2023. The project is expected to represent a new phase in the…
Qatar has set sights on adding two more solar power plants with a combined capacity of 880 megawatts (MW) within the next two years. Informing about the future plans, Mohamad Al Harami from Al Kharsaah Solar PV Power Plant (KSPP) of Qatar Energy said it is a qualitative leap in diversifying sources of producing electricity in the country. It is held that KSPP is the first solar power plant in the country. The other power two plants coming up in the country are Mesaieed with a capacity of 410 megawatts and a power plant in Ras Laffan with a capacity…
The Asian Infrastructure Investment Bank (AIIB) has signed three new project finance loan agreements in the aggregate amount of $83.6 million as part of a $396.4 million debt financing to Masdar for the construction of three greenfield solar PV power plants in Samarkand Djizzakh and Surkhandarya regions of Uzbekistan. Masdar has said that the Asian Development Bank, the European Bank for Reconstruction and Development and the European Investment Bank are also supporting the financing. According to Masdar, this agreement marks the first renewable energy project of AIIB and second private sector engagement in Uzbekistan, in line with Green Infrastructure thematic…
In its effort to enhance cooperation with its strategic partners and exchange best practices and experiences with major global companies DEWA’s (Dubai Electricity and Water Authority) MD & CEO, Saeed Mohammed Al Tayer met a high-level delegation from Siemens Energy. The other officials present at the meeting were Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA, Anne-Laure de Chammard, Member of the Executive Board of Siemens Energy AG, and Dietmar Siersdorfer, Managing Director of Siemens Energy Middle East and UAE. During the meeting, Al Tayer stressed on the vision of DEWA to develop long-term proactive…
The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100 million to Red Sea Wind Energy for the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area in Egypt. The loan consists of a portion of up to $50 million from the EBRD and a portion of up to $50 million from the Green Climate Fund (GCF) in favour of Red Sea Wind Energy. The loan is co-financed by the Japan Bank for International Cooperation and private commercial banks. EBRD said that…
French energy player TotalEnergies has announced, among other things, that it will develop a 1 GW solar power plant to supply electricity to the Basrah regional grid in Iraq. In agreement with Iraqi authorities, TotalEnergies said that it will invite the Saudi company ACWA Power to join this solar power project. The Gas Agreement While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have, through exchanges in the past months, including in 4 occasions between Prime Minister Al-Sudani and Chairman & CEO Patrick Pouyanné, jointly defined the necessary conditions and…
An energy provider in Dubai, South Energy in its support towards UAE’s efforts towards sustainability, especially with year 2023 being the ‘Year of Sustainability’, has successfully installed solar panels across ten buildings at Sakani in Dubai, having 1,140 spacious rooms. This is the first leasehold staff accommodation development at Dubai South, providing 933 kWp of solar capacity . With this installation, 35% of the buildings’ consumption will be supplied by clean energy generated from the solar plant. Established in 2017, South Energy, says it is a key driver for sustainable development, supporting the Dubai Clean Energy Strategy. It caters to…
The UAE and Bahrain are looking to work closely on sustainability schemes. This was discussed recently at a meeting in Dubai between Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), and Kamal bin Ahmed Mohamed Ahmed, President of Electricity and Water Authority (EWA) from Bahrain. The meeting was attended by Nasser Lootah, Executive Vice-President of Generation (power and water) at DEWA, Hussain Lootah, Executive Vice-President of Tansmission (power); Rashid Bin Humaidan, Executive Vice-President of Distribution (power); Waleed Bin Salman, Executive Vice-President of Business Development and Excellence; Dr. Yousef Al Akraf, Executive Vice-President of Business…