Kuwait’s Ministry of Electricity, Water, and Renewable Energy will initiate the issuance of Requests for Qualifications (RFQs) for the upcoming stages of the Al Shaqaya Renewable Energy Project (SREP) by the year’s end. The SREP project aims to achieve a capacity of 4,500 MW. The initial phase encompasses an independent solar photovoltaic energy production project with a capacity of 1,100 MW, as per local reports. The request for quotations for this phase is expected to be issued within the next two to three months. The subsequent phase will introduce a 200 MW concentrated solar power plant with a storage capacity…
Author: Saur News Bureau
The world’s largest oil exporter, Saudi Arabia, would soon be launching hydrogen trains. With this, it will be the first country in the Middle East to get hydrogen trains. To this end, Saudi Arabia Railways (SAR) has launched hydrogen train tests in the Kingdom, following the signing of an agreement with Alstom. For the successful implementation, the operational tests and studies necessary for preparing the train for the extremes of the Kingdom’s environment will be conducted, soon. It may be noted that the memorandum of understanding was signed by the Ministry of Energy and SAR, on 20 January 2022. But trials…
Abu Dhabi’s renewable energy firm Masdar has signed a new deal with Malaysia to invest $8 billion in renewable energy projects. The memorandum of understanding (MoU) with the Malaysian Investment Development Authority (MIDA) aims at the development of facilities with renewable energy capacity of up to 10 gigawatts in Malaysia by 2035. The projects will include ground-mounted and rooftop solar, floating solar, power plants, onshore wind farms and battery energy storage systems. As per the statement, the projects are envisioned to significantly contribute to the Asian country’s sustainable energy transformation efforts. “This important agreement will see the UAE and Malaysia…
Jordan has installed 4570 solar panel systems for households and 1625 solar water heater systems, since the launch of the Renewable Energy and Energy Efficiency Program between 2020 and 2022. According to the achievements report for 2022 by the Ministry of Energy and Mineral Resources, several agreements were signed with Islamic and commercial banks, civil society institutions, local cooperative associations, and charitable organizations to implement programs for installing solar water heater systems and solar energy systems for households, with 30 per cent of the cost of these systems being subsidized and up to 100 percent being subsided for some poor…
An MoU (Memorandum of Understanding) was signed between India and Saudi Arabia in Riyadh on the sidelines of the MENA Climate Week. The pact was signed by the Power Minister R.K. Singh, who is currently in Riyadh and Saudi Arabian Energy Minister Abdulaziz bin Salman Al-Saud. As per the statement, the pact aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection, exchange of electricity during peak times and emergencies, co-development of projects, co-production of green and clean hydrogen and renewable energy and also establishing secure, reliable and resilient supply chains of…
Israel’s Ashtrom Renewable Energy, a renewable energy developer and subsidiary of Ashtrom Group, has signed a green financing totaling $270M with a group of five banks viz. BHI, the US operation of Bank Hapoalim Group, Bayerische Landesbank, ING Capital, Rabobank and Societe Generale. In addition, Ashtrom Renewable Energy signed a Tax Credit Transfer Agreement (TCTA) to sell the production tax credit (PTC) to be produced by the project over a ten-year period to a highly rated (Aa3 Moody’s) U.S. institutional entity. The total value of the PTC is estimated at $300 million. As per reports, the Tierra Bonita project is…
Abu Dhabi will soon be unveiling world’s fourth largest solar power generation farm – with a plant capacity of 2 GW located in Abu Dhabi’s Al Dhafra region. Jasim Thabet, Group Chief Executive Officer of the Abu Dhabi National Energy Company or TAQA, disclosed this recently. When online, the farm would be the fourth largest in the world by capacity after China’s Golmund Solar Park (2.8GW), and India’s Bhadla (2.25 GW) and Pavagada (2.05GW) Solar Parks. “On the renewable energy front, in a couple of weeks, we [TAQA] will be inaugurating one of the world’s largest photovoltaic projects. When it…
Israel based firm, Enlight Renewable Energy has agreed to supply renewable energy to Applied Material Israel, a unit of the global microchip producer Applied Materials, following the signing of a 15-year corporate power purchase agreement. The firm said in its statement that the electricity will be generated from Enlight’s solar and storage facilities. It further said that the deal will support Applied Materials Israel’s achievement of its ESG targets and meet its commitment to source electricity from renewables only by 2030. As per the pact, these is an option to raise consumption volumes depending on Applied Material Israel’s demands. “Our…
MW Energy, a joint venture (JV) between Masdar and W Solar Investment, have signed an agreement with Tajikistan’s Ministry of Energy and Water Resources to explore the development of renewable energy projects in the country. The pact was signed at the Dushanbe International Investment Forum. The JV now plans to build ground-mounted and floating solar, onshore wind and hydro-power projects. It may be noted that though Tajikistan is landlocked but has lakes, rivers and glaciers and is dependent on hydro-power, yet It has potential for other clean energy sources. The projects will be built under a public-private partnership model, with…
Under the directives of the UAE President, Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, have inaugurated the UAE Wind Program. The 103.5 megawatt (MW) landmark project developed by Abu Dhabi Future Energy Company PJSC – Masdar, claims to demonstrate for the first time the latest technology and innovation to capture low wind speeds at utility scale, adopting advances in material science and aerodynamics to make wind power possible in the country. The project marks the debut of cost-effective, large scale, utility…