Kezad Group, an affiliate of AD Ports Group, and the French energy business TotalEnergies have agreed to investigate solar power generation in their economic zones. According to the agreement, the companies will carry out several feasibility studies for distributed solar generating at Kezad that span economic, commercial, regulatory, and technical elements. The agreement was made with TotalEnergies’ Renewables Distributed Generation, which designs and manages solar power systems for commercial and industrial clients. To boost the emirate’s position as an industry and manufacturing center, AD Ports, the operator of industrial cities and free zones in Abu Dhabi, founded Kezad Group in…
Author: Saur News Bureau
The Department of Municipalities and Transport reports that Abu Dhabi is significantly progressing in putting into practice its various policies and initiatives to increase resilience and get the emirate ready to deal with the effects of climate change. Abu Dhabi is making sure that climate change policy is not neglected because environmental sustainability is more important than ever in light of the pandemic and economic setbacks that have caused the world to go through a difficult time over the past couple of years. To protect its citizens from the effects of climate change, the emirate of Abu Dhabi is making…
At the United Nations Climate Change Conference (COP 27) in 2022, the governments of the United Arab Emirates (UAE), the Hashemite Kingdom of Jordan, and the State of Israel signed a Memorandum of Understanding (MoU) to advance clean energy and sustainable water desalination projects unveiled last year. Project Prosperity, which consists of Prosperity Green and Prosperity Blue, is the subject of the MoU. In Prosperity Green, a 600 MW solar photovoltaic plant with electric storage will be constructed in Jordan to generate clean energy for export to Israel. A sustainable water desalination project called Prosperity Blue will annually export 200…
Masdar Clean Energy, the top renewable energy business in the UAE, has declared that it has signed an MoU with Jordan’s Ministry of Energy and Mineral Resources to examine working together on renewable energy projects with a maximum capacity of 2GW. At a ceremony held in conjunction with the 2022 United Nations Climate Change Conference, His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Special Envoy for Climate Change, and Chairman of Masdar, and His Excellency Dr. Saleh Al-Kharabsheh, Minister of Energy and Mineral Resources, signed the Memorandum of Understanding (COP27). According to the MoU, the two…
A new report from Guidehouse Insights has held that Asia Pacific and Middle East & Africa currently lead the energy access microgrids market and are expected to continue leading the energy access across microgrids market through 2031. Revenue from microgrid investments in Asia Pacific will likely reach $7.7 billion by 2031, and microgrid revenue in Middle East & Africa is expected to reach $8.9 billion by 2031. The report provides global analyses for annual deployments of energy access microgrid projects in terms of power capacity and project deployment spending. These analyses cover the 10-year period from 2022-2031 and are segmented…
UAE flagship RE developer Masdar has signed an MoU with Jordan’s Ministry of Energy and Mineral Resources to explore collaboration in renewable energy projects with a total capacity of up to 2-GW. The MoU was signed by Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Dr Saleh Al-Kharabsheh, the Jordanian Minister of Energy and Mineral Resources, on the sidelines of COP27. Dr Sultan Al Jaber, Masdar, Chairman, said, “The projects being explored through this memorandum would support Jordan’s ambitious renewable energy goals and help to ensure energy security for the nation. As…
With an US$80 million loan to Egypt Green to build the nation’s first green hydrogen facility, the European Bank for Reconstruction and Development (EBRD) is assisting in the decarbonization and Paris alignment of Egypt’s economy. Egypt Green is an environmental startup in Egypt that claims to have reduced reduced 2.5 tonnes of carbon emission in the country so far. Orascom Construction, one of the largest engineering and construction groups in the Middle East and North Africa, Fertiglobe, one of the largest seaborne exporters of combined urea and ammonia, Scatec ASA, a Norwegian integrated independent power producer, and the Sovereign Fund…
The European Bank for Reconstruction and Development (EBRD) has announced that its increasing its equity stake in Infinity, Egypt’s renewable energy developer, through an additional $41.5 million commitment. The EBRD is already a shareholder in the company, having invested $60 million in 2020. EBRD said that $41.5 million will support Infinity’s plans to expand within Egypt and beyond, targeting the company’s pipeline of development and acquisition projects. A portion of the Bank’s proceeds will go towards acquiring African renewable energy platform, Lekela Power, through its subsidiary, Infinity Power Holding, the joint venture established with Masdar. EBRD held that the Lekela acquisition…
Israel, Jordan and the UAE have entered into an agreement on a pact initiated by the UAE a year ago. The MoU is about a project called Project Prosperity. Project Prosperity Project Prosperity entails two components, namely, Prosperity Green and Prosperity Blue. Prosperity Green is for a 600 MW solar photovoltaic plant along with electric storage. Under the project, light will be transformed into electricity. The project will be established in Jordan and will help generate clean energy for export to Israel. Prosperity Blue, on the other hand, is aimed at a sustainable water desalination plant to come up in…
ACWA Power, a utility developer in Saudi Arabia, has revealed that it will soon close financing for a multi-billion dollar green hydrogen plant in the Neom city of the desert country. This hydrogen project, slated to be among the biggest in the world, will near completion soon. Paddy Padmanathan, Chief Executive Officer of ACWA, stated in an interview that work on the $5 billion plant in the northwest of the kingdom has begun and is “very much on track” to be completed as planned in 2026. The largest renewable energy company in Saudi Arabia is a part of the consortium…