Solar Philippines Nueva plans to expand its 500 MW system currently under construction on the northern Filipino island of Luzon with a 3.5 GW solar farm. Solar Philippines Nueva is the listed subsidiary of PV project developer, Solar Philippines, which is the largest solar energy provider in the Philippines. With the money raised through various capital raising, Solar Philippines Nueva Ecija Corporation (SPNEC) intends to purchase an additional 2,500 hectares for this massive PV cluster in the provinces of Nueva Ecija and Bulacan. These included an asset-for-share exchange with parent firm Solar Philippines as well as a previously disclosed stock…
Author: Saur News Bureau
Masdar will be developing these solar projects in the four governorates of Iraq. The present 1GW solar power project bagged by Masdar is a part of three solar power projects that the Iraq government agreed to last year with RE developers. All three will have a combined capacity of 2.75 MW. The renewable energy party has finally arrived in Iraq, one of the last major oil exporters to adopt solar in a big way. In an effort to decarbonize the economic system of the country and mitigate the climate change risks, the country has finally been bidding out contracts for…
Fitch Solutions has come up with a fresh report stating that the solar power capacity of Saudi Arabia might grow to more than 5.1 GW between 2022 and 2031. The solar expansion holds massive potential given the long-term power sector plans and policy support from the Saudi Arabia government. The report also said that Saudi Arabia additionally has hydrogen as a key component of its long-term energy sector strategy. The countryaspires to generate 2.9 million tonnes of hydrogen annually by 2030. Green Hydrogen To Play A Key Role Fitch held that though the hydrogen production and expansion is not made…
Global Chinese manufacturer LONGi has been awarded a module supply contract for the 400MW (DC) Rabigh Solar PV IPP project in Saudi Arabia. The contract is realized through its EPC contractor, China Energy Engineering Group, Guangdong Power Engineering Company (GPEC). The announcement was made at a ceremony attended by LONGi and its partner GTek Solar (Green Technology Company) in Riyadh, Saudi Arabia. The 400MW plant is located in Rabigh Industrial City, in the Kingdom’s western Makkah Province. The official statement of LONGi held that the project will deploy LONGi Hi-MO 5(72C) solar modules exclusively. LONGi also said that in 2021,…
The revelation has been made by Iraq’s Electricity Minister Adel Karim. The country will sign contracts with regional and international companies for the development of the solar projects. Iraq is bullish on the growth of renewable energy in the country to decarbonise its energy sector while also reducing the electricity import bills. According to reports, Iraq – which is a member of Organisation of the Petroleum Exporting Countries (OPEC) – is mulling over awarding solar power projects of a capacity of about 5000 MW to foreign firms in the coming year. The revelation has been made by Iraq’s Electricity Minister…
The Philippines is set for a major renewable energy expansion in the near future. In a fresh development, Philippines-based billionaire and the second richest man of the country – Enrique Razone – will be developing the largest such solar power project in the country. According to the official statement, the mega solar power facility will host 2500-3500 MW of solar panels and 4000-4500 MWh of energy battery storage systems. Terra Solar Philippines will collaborate with Solar Philippines Power Project Holdings to undertake the solar project. Terra Solar is a unit of Terra Renewables Holdings which is a subsidiary held by…
Morocco is showing the African continent a Renewable Energy pathway out of fossil fuel. Among the countries giving Morocco a good company are Egypt and South Africa, according to TAQA Net, a platform specialized in energy markets. Africa’s trailblazing growth in socio-economic sector has led several countries to further develop solar energy projects, especially at a time when the continent continues to make a leap forward in photovoltaic power generation capacities. Morocco had a target of 37% of renewable capacity by 2020, which it missed, reaching only 20%. However, since then, the country has shown both greater intent and action,…
The Green Fuel Index report has said that UAE’s renewable energy capacity swelled from a mere 13 MW in 2011 to a huge 2,540 MW at the end of 2020. It is also the first Arab country that has an operational nuclear programme after it had inaugurated the Barakah Nuclear Energy Plant in April last year. The Green Fuel Index report released by ‘Compare the Market’ – an Australia-based aggregator has revealed that the United Arab Emirates (UAE) has had the largest increase of renewable energy capacity in the world in the past decade. The report has said that UAE’s…
The Kingdom of Saudi Arabia is bullish on raising the renewable share in its energy mix as it has awarded contracts for two new solar power projects. These projects will make a combined capacity of one gigawatt. Saudi Arabia is world’s largest oil exporter but has a huge target to add 60GW of solar power to the national grid by 2030. In December 2021, the government had announced that it had planned to invest more than $100bn in renewable energy projects to achieve its global commitment. With regards to the two solar power projects, Ministry of Energy has informed that the…
ACEN, the listed energy platform of the Ayala Group, has switched on the first hybrid solar and energy storage project of the Philippines. The pilot 40 MW energy storage project located in Alaminos, Laguna, will allow the company to evaluate opportunities to store energy more effectively across the portfolio of ACEN, with the aim to provide a sustainable and reliable energy source for the Philippines, said an official statement. The 2×20 MW energy storage facility is adjacent to ACEN’s 120 MW Alaminos solar farm, and is configured to help manage internal electricity demands, store electricity when the solar plant is…