Week in Middle East: SirajPower Builds 60 kWp Solar Rooftop Plant At Mirdif Villa Complex, UAE And Saudi Arabia To Become Global leaders In RE Sector, Abu Dhabi’s DOE And EAD Meet To Ensure Sustainability And Promote Joint Taskforce Collaborations

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SirajPower Builds 60 kWp Solar Rooftop Plant At Mirdif Villa Complex

The 60 kWp solar rooftop plant at Mirdif Villa Complex was built by SirajPower with breathtaking efficiency – in only 3 weeks, without compromising quality and safety. Through the close collaboration of the SirajPower Team with Green Coast Real Estate’s Facilities Management Team, the solar installation is now in good stead to power the two complexes comprising of 14 villas. In its first year of operation, the solar plant will generate 100 MWh of solar energy, reducing more than 70 metric tons of CO2, which is equivalent to more than 8 million smartphones being charged. SirajPower, announced that it has started to provide operation and maintenance (O&M) services to all solar plant owners in the region beyond its owned portfolio. Through its O&M services, SirajPower will handle the operation, cleaning, and maintenance of solar systems allowing clients and plant owners to focus on their core business. The move also comes as SirajPower continues to champion the commercial, industrial and residential sectors (solar rooftop and carports) thanks to the strong and extensive solar experience built for nearly half a decade.

UAE And Saudi Arabia To Become Global leaders In RE Sector : Reports

Research by UBS, the world’s largest wealth manager, concludes that while the transformation from non-renewable to renewable energy sources is underway, its speed may be overestimated. In a new report entitled The Middle East at a crossroads: The energy transition, the company’s Chief Investment Office expects crude oil and gas prices to trend higher in coming years. “The world’s thirst for energy seems almost insatiable, and while the pandemic will likely cause the first contraction in global energy demand since the 1980s, we believe global oil demand has not yet peaked,” says Michael Bolliger, Chief Investment Officer for Emerging Markets at UBS Global Wealth Management and leading author of the report. This revised timeline provides additional time for countries in the Middle East to diversify their economies away from hydrocarbon exports into higher value-add sectors.

Abu Dhabi’s DOE And EAD Meet To Ensure Sustainability And Promote Joint Taskforce Collaborations

The Abu Dhabi Department of Energy (DoE) and the Environment Agency – Abu Dhabi (EAD) held a meeting recently to discuss the progress made by the joint Taskforce they had formed to promote collaboration among them to ensure the sustainability of natural ecosystems and preserve the terrestrial and marine environment of the emirate. The Taskforce was formed during a meeting that brought the two entities together on January 23, 2019 and has met five times prior to the meeting. Attendees sought to further define the Taskforce’s role, responsibilities, and areas of cooperation, as well as to exchange data and coordinate efforts to develop policies, regulation frameworks, and strategic plans of mutual interest. The meeting’s agenda also included developing mechanisms of coordination to implement projects and studies, identifying key areas of challenges, and outlining new work streams for potential collaboration in 2020 and 2021.

TAQA Group Reports Net Income of AED 1.3 billion for First Nine Months of 2020

Abu Dhabi National Energy Company PJSC “TAQA”, a regionally leading, fully integrated utilities company and one of the UAE’s largest publicly listed companies by market capitalization, has reported its first consolidated pro-forma financial results following its transaction with Abu Dhabi Power Corporation (ADPower). Group revenues of AED 30.8 billion were 7% lower than the prior year period, primarily due to lower commodity prices and production volumes within the Oil & Gas segment.
EBITDA was AED 12.0 billion, down 17%, mainly reflecting lower revenues. Net income (TAQA-share) decreased to AED 1.3 billion, which reflected a significantly lower contribution from the Oil & Gas segment, including a AED 1.5 billion post-tax impairment charge taken in Q1 2020. Capital expenditure was AED 2.8 billion, a decrease of 20% primarily due to lower spend in the Oil & Gas segment.

Tata Power Wins Gold and Silver at the 9th ACEF Asian Leaders Forum & Awards

Tata Power, India’s largest integrated power utility has always been committed towards empowering the lives of underprivileged communities in an effective and sustainable way. Recognising this effort, the company was bestowed with two Gold Awards and one Silver Award at the recently held 9th ACEF Asian Leaders Forum and Awards, 2020 for ‘Excellence in CSR’ and ‘Excellence in Branding & Marketing’. Founded in 2012-13, the ACEF program is organised by a team of professionals from India, Srilanka and UAE and is guided by the Advisory Members from Branding, Marketing and Creative Agencies based in India, US, Australia, Singapore, UAE and Srilanka. Our programs are focused on Customer Engagement Actiities, Branding, Marketing, CSR, Rural Marketing, Properties (Hospitality & Real Estate), HR and are planned for India, Srilanka, GCC Continent and Asia Pacific Regions.

First Half-Year Momentum Continues As Revenues And Profits Rise Steadily for Trina Solar

Trina Solar Co., Ltd. released its third-quarter reports for 2020, revealing that first-half momentum has held up, with revenues and profits both rising steadily. In the first three quarters, the company reported total realized income of RMB 19.93 billion, a year-on-year increase of 18.66%, with third-quarter realized income accounting for RMB 7.38 billion. Shareholders enjoyed a stake in realized net profits of RMB 832 million, a year-on-year increase of 118.94%. Antonio Jimenez, Managing Director and Vice President, Trina Solar Middle East & Africa commented: “We take pride in our success as it shows our commitment to bringing technological revolutions in the photovoltaic industry and contribution to the sustainable development of the solar industry globally and specifically across the Middle East and Africa. We always strive to accelerate the adoption of solar power in the region, reduce overall costs of power consumption, and add value to our customers and benefits to the communities we operate in.”

New Climate And Environment Expo & Forum To Be Introduced At World Future Energy Summit 2021

As climate change continues to be one of the greatest challenges facing mankind today, and in light of research revealing a fast-emerging market opportunity valued at US$7.1 trillion[1], the World Future Energy Summit has announced the introduction of a new Climate and Environment Expo & Forum, hosted in partnership with the UAE Ministry of Climate Change and Environment (MOCCAE). The platform is dedicated to the climate change adaptation and resilience market. To be held from 5 to 7 April 2021 at the Abu Dhabi National Exhibition Centre (ADNEC), the Climate and Environment Expo & Forum will bring together thought leaders, technology providers, policymakers, researchers, and innovators responsible for developing the necessary frameworks to mitigate climate change challenges around the planet. The event will showcase the latest advancements, fresh perspectives, and best practice to help achieve local and global climate resilience.

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