Dubai’s Mohammed Bin Rashid Al Maktoum Solar Park To Have Largest Energy Storage Capacity in World
On its completion, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, that Dubai Electricity and Water Authority, DEWA is building largest energy storage capacity in the world. It will allow 15 hours of energy availability around the clock. The 950 MW 4th phase is the largest investment project in the world that combines Concentrated Solar Power, CSP, and photovoltaic solar power with investments totalling AED15.78 billion based on the Independent Power Producer, IPP, model. It uses three hybrid technologies to produce clean energy: 600MW from a parabolic basin complex (three units of 200MW each), 100MW from a solar power tower (based on Molten Salt technology), and 250MW from photovoltaic solar panels. This phase will provide clean energy for 320,000 residences and will reduce 1.6 million tonnes of carbon emissions a year.
Prominent Local Group Of Companies To Implement Solar Projects Across UAE
SirajPower, UAE’s leading distributed solar energy provider, is in collaboration with Al Ghurair Group, one of the largest diversified family business groups in the Middle East, to implement solar systems across their facilities in the UAE. As a first initiative, SirajPower has been appointed to design, construct, operate, and maintain a 1.8 MWp solar rooftop plant for Gulf Extrusions’ facility located at Jebel Ali in Dubai. The aluminum rails that will be used to mount the solar PV panels will be manufactured by Gulf Extrusions. The project covers 4,500 solar panels that will annually produce/generate 3 GWh of clean energy, and offsetting over 2,000 metric tons of CO2 emissions, corresponding to more than 8,000,000 kilometers driven by an average vehicle passenger (or equivalent to more than 35,000 trees seedlings grown for 10 years). Al Ghurair Group is the latest addition to SirajPower’s impressive and continuously growing portfolio of blue-chip names in the UAE – over 170 solar plant assets across the country to date. This is a new collaboration with one of the most influential local and regional family businesses with six decades of heritage embarking on the UAE’s promising path to sustainability and renewable energy.
Sterling and Wilson To Construct Egypt’s Kom Ombo Solar Plant
ACWA Power, Saudi company has agreed with India’s Sterling and Wilson that it will take over the construction work of the 200 MW Kom Ombo solar plant inplace of Mahindra. ACWA Power was in negotiations with Sterling and Wilson and two Chinese companies, but the Indian company was the preferred contractor, Informed sources have told Daily News Egypt. It has already worked with ACWA Power to implement projects in Morocco, with a capacity of 170 MW, it added. The contract for Kom Ombo solar power plant is due to be signed before the end of this month, sources said.
Ecoppia Announces IPO After Successfully Completing Its Public Tender Phase
Ecoppia Scientific LTD., (TASE: ECPA), the pioneer and world leader in robotic solutions for photovoltaic solar, launched an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE), after successfully completed the public tender phase. Ecoppia secured $82.5 million from leading institutional investors with a company valuation of $300 million. During the public tender phase, Ecoppia marked yet another meaningful achievement as public demand reached $76.74 million, despite the fact that the company offered shares for just $1.5 million. During the institutional tender, Ecoppia received $144.7 million in demand, yet accepted only $83.3 million. Discount Capital Underwriting along with Barak Capital and Orion led the initial offering. Ecoppia offers fully autonomous, water free robotic cleaning solutions for PV modules, ideally for large scale PV installations located in dry and arid regions. Deployed globally in utility-scale sites operated by leading energy players on three continents, Ecoppia’s solutions clean 10 million panels every night and have been field-proven to keep solar panels at a year-round peak performance while minimizing O&M costs.
Schneider Electric Plans To Pump Additional Investments in Egypt
Schneider Electric an Energy and automation digital solutions provider plans to put additional investments in Egypt, Mohamed Abdel Wahab,Executive Director of the General Authority for Investment and Free Zones (GAFI) said in a statement. GAFI’s official said that the France-headquartered company plans to expand its existing business in 10th of Ramadan City, According to the statement, Schneider Electric discussed with Abdel Wahab installing a new distribution center to serve both the Egyptian and African markets. Executive director added that the facility is expected to span 6 square kilometers, with a goal to create 270 job opportunities. Earlier Egypt signed an agreement with Schneider Electric to build modern control centers for electricity distribution networks nationwide.
Egypt’s Elsewedy Electric Wins $93MLN Power Upgrade Contract
Elsewedy Electric, leading wires and cables and integrated energy solution provider in Egypt has announced a consortium with Japan’s Toyota Tsusho. It has secured an EPC contract worth $93 million for upgradation of the electricity distribution network in the North Cairo region. Scope of work for Elsewedy Electric includes engineering, procurement and installation of all the project components, as per the deal. To digitise the network it will also complete the installation of 500,000 smart meters, DMS, AMI and RTU in addition to the smart ring link panels and provide smart solutions. This project will help in upgrading the electricity infrastructure in Egypt as well as cutting the electricity loss, theft and enhancing the quality of the network, Elsewedy Electric stated.
Egypt’s Benban Park Obtains Reduce Cost-Sharing Bill
The 32 solar developers taking part in Egypt’s Benban park obtained a reduced cost-sharing bill, Al Borsa News reported. This was followed by an agreement between the Egyptian Electricity Transmission Company (EETC) and the operating companies, according to sources. According to the news portal, The bill will now stand at EGP 1.6 billion, which will be paid across six installments over a five-year period. The reduced amount reportedly totaled EGP 300 million. Benban Solar Park is a photovoltaic power station with a total capacity of 1650 MWp which corresponds to an annual production of approximately 3.8 TWh. It is located in Benban in the western desert, approximately 650 km south of Cairo and 40 km northwest of Aswan.