The International Finance Corporation (IFC) – a key agency of World Bank – has partnered with the Kyrgyzstan government under the World Bank Group’s Scaling Solar program to develop up to 100-150 MW of grid-connected solar power. IFC said that this will help Kyrgyzstan to diversify its energy mix and increase its renewable power capacity. IFC will advise Ministry of Energy and the Ministry of Economy and Commerce, Kyrgyzstan, on structuring a public-private partnership (PPP) to mobilize private sector experience and capital to construct and operate a pilot solar plant. The project will be structured under the WBG Scaling Solar…
Author: Saur News Bureau
Global supplier of solar PV and energy storage solutions – SOFAR – has launched its new inverter for the global market called SOFAR 100-125KTL-G4 at World Future Energy Summit. SOFAR said that the new inverter is optimized for C&I and small-scale utility solar. The product also features the integration of ultra-high current, easy installation and intelligent protection. The inverter characterizes 10*40A multiple MPPTs plus ultra-high current, compatible with high power modules and various roof designs; this ensures lower LCOE and higher yields. The inverter weighs less than 75kg and its easy to install without extra labor costs. Meanwhile, the cloud…
Expanding its already established-role in Central Asia, UAE’s flagship company developing renewable energy, Masdar has announced new deal with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop onshore wind and solar projects. Masdar will also develop integrated offshore wind and green hydrogen projects. The total combined capacity of projects has been announced to be 4 GW. The agreements were signed by Masdar CEO Mohamed Jameel Al Ramahi and SOCAR President Rovshan Najaf on the sidelines of Abu Dhabi Sustainability Week. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, said, “These…
Masdar, one of the pre-eminent clean energy firms in the Middle East now has signed entered an MoU with four Dutch companies – Port of Amsterdam, SkyNRG, Evos Amsterdam, and Zenith Energy – related to development of green hydrogen supply chain through Amsterdam. The Green hydrogen could be used for sustainable aviation fuel, steelmaking, shipping, and wider offtake opportunities. Signed during the ongoing World Future Energy Summit 2023 in Abu Dhabi, the agreement indicates the vast interest and possibilities firms are exploring for green hydrogen production and exports, where handling and storage in particular will play a critical part in…
Showcases Product Line Up with New n-Type i-TOPCon Cell Technology Trina Solar, a leading global PV and smart energy total solution provider, showcased its 2023 product line up of its latest revolutionary i-TOPCon cell technology modules with power of up to 695W+ at the World Future Energy Summit (WFES) taking place in Abu Dhabi. With a string local presence in the Middle East region, Trina has set great store for future growth from the region, with countries across the board committing to ever more ambitious renewable energy targets. Trina Solar is exhibiting at stand number 8110 – HALL 8, alongside…
India’s Minister of New & Renewable Energy, Raj Kumar Singh has revealed that India and the United Arab Emirates (UAE) are on their way to enter into a “major agreement”. The cooperation between the two countries concerns the interlinking of renewable energy. He did not give out details about the timeline and added that the cooperation is waiting for the final nod. The landmark agreement was signed between India’s MNRE Minister R K Singh and UAE’s Minister of Energy and Infrastructure Suhail Al Mazrouei. It may be noted that the Indian Minister is on a visit to the Arab oil…
The leadership team for COP28 UAE to be held at Expo City Dubai from November 30 to December 12, 2023 has been announced. The revelation was made under the directive of the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of the Presidential Court, Sheikh Mansour bin Zayed Al Nahyan. The UAE maintains that the appointment of the diverse leadership team for COP28 UAE comes at a critical juncture, as the world faces increasing climate impact, challenges to energy security, food and water security and reversing biodiversity loss. COP President Dr. Sultan…
UAE renewable energy conglomerate Masdar has announced that it has signed an agreement with the Ministry of Energy, Kyrgyzstan, to develop a pipeline of renewable projects in the Central Asian country, with a capacity of up to 1 gigawatt (GW). The firm will first develop a 200 MW solar photovoltaic (PV) plant. The 200 MW plant is scheduled to begin operation by 2026. The agreement was signed by Ibraev Taalaibek Omukeevich, Minister of Energy of the Kyrgyzstan and Mohamed Jamel Al Ramahi, CEO of Masdar. Ibraev Taalaibek Omukeevich, said on the occasion, “The successful implementation of projects to develop solar…
The United Kingdom-based Hive Energy has said that it will be investing $4 billion for the development of solar power projects with energy storage facilities in Turkey. As per reports, the company will be constructing the projects through joint ventures with two partners based out of Turkey itself. Hive Energy is headquartered in Hampshire in South East England. The company said that the solar power projects would be in the capacity range of 11MW to 210 MW and cumulatively it will have a capacity of 4GW. The total investment in the solar projects will be about $4 billion. Hive Energy…
Neom Green Hydrogen Company (NGHC) has signed multiple financial facility agreements with local, regional and international banks and financial institutions to support the construction of the world’s largest green hydrogen production plant in Neom, the sustainable city project in Saudi Arabia. The quantum of funds committed by the lenders with Saudi Industrial Development Fund (SIDF) stand at $5 billion. NGHC is yet to reveal the financing in concrete terms but it said that the National Infrastructure Fund (NIF) will also have significant participation in the hydrogen project. The entire project envisages the generation of 4GW of renewable energy that will…