Week in Middle East: SirajPower’s Strategic Alliance with Major UAE Local Groups Continues to Flourish; ADB Approves $27 Million Loan for Kom Ombo Solar Plant in Egypt; Turkey’s Success In Renewables Is Helping Diversify Its Energy Mix And Increase Its Energy Security and more

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SirajPower’s Strategic Alliance with Major UAE Local Groups Continues to Flourish

UAE-based logistics provider, Airlink International UAE, signs a solar leasing agreement of 1.3 MWp for its logistics center in JAFZA. SirajPower, UAE’s leading distributed solar energy provider, announced yet another significant solar leasing agreement signed with Airlink International UAE, one of the leading providers of cargo and logistics in the UAE. SirajPower has been appointed as a long-term partner to finance, operate and maintain a 1.3 MWp solar rooftop plant for Airlink’s Logistics Centre in JAFZA. The project covers over 2,000 solar panels that will annually produce 2.1 GWh of clean energy and offset nearly 1,500 metric tons of CO2 emissions, corresponding to approximately 6,000,000 kilometers driven by an average vehicle passenger (or equivalent to more than 24,000 tree seedlings grown for 10 years).

The African Development Bank Approves $27 million Loan To Establish Kom Ombo Solar Plant in Egypt

The African Development Bank’s Board of Directors today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile. The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse gas emissions and creating construction and other jobs. The project’s total cost is estimated at $156.4 million. In addition to the Bank’s financing, structured as a senior loan, the European Bank for Reconstruction and Development, the Green Climate Fund (GCF), Arab Bank and the OPEC Fund for International Development will contribute funding. The plant, 800 km south of Cairo, is owned by ACWA Power, a leading Saudi Arabian developer, investor and operator of power generation and desalinated-water plants worldwide.

Turkey’s Success In Renewables Is Helping Diversify Its Energy Mix And Increase Its Energy Security

Efforts to boost production and accelerate energy efficiency will help Turkey achieve its energy security goals, but it should consider its longer-term emissions trajectory too, IEA report says. Turkey has made solid progress in recent years in improving the security and diversity of its energy supplies but should also pay close attention to the sustainability and longer-term carbon footprint of its energy sector, according to a new policy review by the International Energy Agency. Turkey has also sought to strengthen the security of its energy supply by increasing production of renewable energy and reducing energy consumption through increased energy efficiency. Auctions, in particular, have proven successful in driving down costs and increasing investments in renewables. The planned commissioning of Turkey’s first nuclear power facility in 2023 will further diversify the country’s low-carbon fuel mix.

TAQA Group Reports AED 2.8 Billion Income for the Year 2020

Abu Dhabi National Energy Company, one of the largest listed integrated utilities in the region, has reported pro-forma consolidated financial results for the year ended December 31, 2020. The results incorporate the full year performance of the substantial assets transferred by Abu Dhabi Power Corporation (ADPower) to TAQA on July 1, 2020. Group revenues of AED 41.2 billion, 6% lower than the prior-year period, primarily due to lower commodity prices and production volumes within the Oil & Gas segment, EBITDA was AED 16.0 billion, down 13%, reflecting lower revenues that were partially offset by lower expenses. Net income (TAQA-share) decreased to AED 2.8 billion, which reflected a significantly lower contribution from the Oil & Gas segment that was impacted by a AED 1.5 billion post-tax impairment charge taken in Q1 2020. Capital expenditure was AED 4.0 billion, a decrease of 19% primarily due to lower spending in the Oil & Gas segment. We have made great progress and I look forward to building on our success during 2021.” said H.E. Mohamed Hassan Al Suwaidi, TAQA’s Chairman.

DEWA Wins EFQM UN SDGs Challenge 2021

Dubai Electricity and Water Authority (DEWA) has won the European Foundation for Quality Management (EFQM) UN Sustainable Development Goals (SDGs) Challenge 2021. The award recognises DEWA’s efforts in sustainable development and its support of the UAE’s efforts to achieve the UN SDGs. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, expressed his happiness on DEWA winning this global challenge, which demonstrates its efforts to achieve the vision of the wise leadership to build a more sustainable environment and develop long-term solutions in line with the UN SDGs. As a member of the United Nations Global Compact (UNGC), DEWA supports the UN’s role in achieving sustainable development goals. Our work plans, initiatives, programmes and projects are aligned with the SDGs. During this period, there is an urgent need to mobilise global efforts to contain the repercussions of the COVID-19 pandemic, enhance efforts to overcome poverty and inequality, address climate change, and develop strategic and vital sectors,” said Al Tayer.

Wood Completes Solar Plant Project in Oman

Aberdeen-based Global Consulting and Engineering Company Wood completes Solar PV project in Oman. It will help turn the hot desert sun of Oman into renewable energy for a ferrochrome production plant. Wood said that the development would displace gas-fired power and save more than 25,000 tonnes of CO2 emissions annually while annoucing the completion of its part of Oman Shell’s first utility-scale, photovoltaic (PV) solar project in the Middle East. The Qabas solar plant, consisting of more than 80,000 PV panels, is in the Sohar Freezone in northern Oman. Joe Sczurko, executive president of Wood’s consulting business, said “Wood is focused on supporting its clients through the global energy transition. This milestone project supports Shell’s sustainability goals, aligns with Oman’s Vision 2040, and advances the sultanate’s national economic ambition.”

Bayara and Total Solar Distributed Generation Celebrate First Year of Solar Rooftop Installation

Bayara, a leading Gyma Food Industries across the Middle East and Africa region (MEA), is celebrating one year of its solar energy transition. This project has been powered by Total, through its affiliate Total Solar Distributed Generation (DG) Middle East, a regional leader in the development of solar solutions for commercial and industrial businesses. This project falls under Bayara’s vision and future plans for a more sustainable practices through reducing the utilisation of plastic and reducing transportation by processing and farming their products in the United Arab Emirates. Over 3,700 photovoltaic (PV) panels were installed on the rooftop of Bayara’s main production facility in Dubai Investments Park (DIP), spanning around 7,000 square-meters which roughly equals the surface area of 27 tennis courts. Total Solar DG also installed an electric vehicle (EV) charger in the production facility’s parking lot, which uses solar energy to charge Bayara’s employees’ vehicles.

Masdar Signs Strategic Agreement with Petronas to Explore Renewable Energy Opportunities in Asia

Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and PETRONAS, a global energy and solutions company, announced that they have signed a Memorandum of Understanding (MoU) to explore renewable energy opportunities across Asia and beyond. The two companies have agreed to explore joint participation in a range of areas, with a focus on utility-scale renewable energy, including ground-mounted and floating solar projects, as well as offshore wind projects in Asia, and potentially other regions and other technologies. Apart from Malaysia, the companies are also interested in countries in the region that have pledged to accelerate the development of renewable energy, including Vietnam and Taiwan.

Solar One Announces Completion of Largest Rooftop Project in Bahrain

Bahrain’s first solar panel manufacturer Solar One announced that it has completed installing the kingdom’s largest rooftop solar energy systems at three prime locations. At Al Raja School in Manama, Prime Mall in Sanad and BRC Weldmesh in Mina Salman represent the largest in-category solar energy systems in the kingdom. 100 per cent locally manufactured more than 4000 solar panels were used to build three projects, totalling over one megawatt in capacity. Solar One’s mission is to lead Bahrain towards meeting the renewable energy goals set by the kingdom’s leaders. Since its inauguration in 2017, the company has installed over two megawatts in solar energy capacity, and aims to continue adding to this in all sectors (commercial, industrial, residential) in 2021 and beyond.

LFIGP Takes Up the Challenge of Energy Transition

“E3D – Establishment in a sustainable development approach”, the LFIGP has always ensured in its establishment policy the development of projects focused on respect for the environment and “eco-citizen” initiatives. In pursuit of this commitment, Management is proud to announce the signing of a contract for the installation of solar panels on the Academic City sites with the company TOTAL Solar Distributed Generation Middle East. To support this project and federate the support of the LFIGP community and students, many educational workshops around the themes of renewable energies will be organized. A dedicated kit, entitled “Solar Educational Initiative” will thus be made available to teachers of technology, physical sciences, biology or even mathematics and will make it possible to carry out class projects by including the establishment as a place of learning. global sustainability. Educational outings will also be offered, during the school year, to allow students to understand more concretely the issues related to renewable energies. They will thus have the privilege of visiting, for example, Shams 1, the largest solar park in the Middle East.

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