goodwe september

Week in MiddleEast: Dubai’s Electricity Capacity Reaches 12,900 MW; Enviromena & Three Eight Six Close Financing for 15 MW Solar Plant; Majid Al Futtaim and Yellow Door Energy to Develop the Largest Private Solar Plant at Bahrain Mall and More


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Dubai’s Electricity Capacity Reaches 12,900 MW

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Dubai Electricity and Water Authority (DEWA) has announced that its installed capacity has reached 12,900 megawatts (MW) of electricity and 490 million imperial gallons of desalinated water per day (MIGD) thanks to its state-of-the-art infrastructure, innovation and planning. This is in line with DEWA’s efforts to keep pace with increasing demand for electricity and water, as well as Dubai’s ambitious urban and economic plans. In comparison with the 1990s, which witnessed the merger of the Dubai Electricity Company and the Dubai Water Department and the establishment of DEWA, the installed capacity of electricity was about 1,200 MW and water was 60 MIGD. This means DEWA’s production capacity today has increased more than 10 times for electricity and more than 8 times for water. It is expected that the installed production capacity of electricity will increase next July to 13,200 megawatts, with the commissioning of the 300MW first project of the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park, using photovoltaic solar panels based on the Independent Power Producer (IPP) model.

Enviromena & Three Eight Six Close Financing for 15 MW Solar Plant

Three Eight Six Holding Limited (386), the ADGM based solar energy investment platform focusing on commercial and industrial projects across the region, and Enviromena Power Systems LLC (Enviromena), the leading UAE-headquartered clean energy services provider with over 700 MWs of solar PV projects constructed across Europe, Middle East and North Africa and a further 450MW in development, are delighted to announce the closing of equity financing arrangements for a 15MW solar PV off-grid electricity generation plant to be located at the Binzagr Logistics Centre (BLC) in King Abdullah Economic City, Saudi Arabia. Binzagr Logistics Company, the owner and operator of BLC, has invested SAR 1 Billion in its state-of-the-art facility, which is the largest of its kind in the Middle East, North Africa and Turkey. The solar power plant, which is scheduled to be operational by year end, will support Saudi’s Vision 2030 renewables goals and will deliver a significant discount to BLC’s current cost of electricity.

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Majid Al Futtaim and Yellow Door Energy to Develop the Largest Private Solar Plant at Bahrain Mall

Under the patronage of Dr. Abdul Hussain Bin Ali Mirza, President of the Sustainable Energy Authority (SEA), Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Asia, has signed a 6.2 megawatt-peak solar power purchase agreement (PPA) with Yellow Door Energy, the leading solar developer for commercial and industrial businesses in the Middle East and South Asia. The agreement will bring clean energy to The Bahrain Mall, operated by Carrefour Bahrain, and will be the largest private solar plant in the Kingdom of Bahrain. Spanning over 40,000 square meters, the rooftop solar plant is expected to generate 10 million kilowatt-hours of clean energy in its first year of operation, equivalent to reducing carbon emissions by 6,300 tonnes. Over 11,600 solar panels will be installed to meet 50% of the shopping mall’s energy consumption needs.

ACWA Power Leads South Africa’s Largest Renewable Energy Project Redstone CSP to Financial Close

ACWA Power, a leading Saudi developer, investor and operator of power generation and water desalination plants in 13 countries and the lead shareholder in the Redstone concentrated solar power (CSP) plant, announced the commencement of construction on the 100 MW Redstone project following achievement of financial close. At ZAR 11.6 billion total investment, the Redstone project is the largest renewable energy investment in South Africa to date. The project has secured financing from leading international and South African financial institutions including African Development Bank (AfDB), ABSA Bank, Development Bank of Southern Africa (DBSA), CDC Group, Nedbank Limited, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), Deutsche Investitions- und Entwicklungsgesellschaft (DEG), Investec Bank, Sanlam Life Insurance and the Industrial Development Corporation of South Africa (IDC).

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The Box Self Storage Selects Yellow Door Energy as Solar Partner

Yellow Door Energy, a UAE-based sustainable energy provider for businesses, has been awarded a solar project with The Box Self Storage, “The Box”, a UAE-based storage company with the largest self-storage presence in the Middle East, for its newest self-storage multi storey facility in Dubai Multi Commodities Centre (DMCC), Dubai, UAE. The 312 kilowatt-peak rooftop solar plant is expected to generate more than 800,000 kilowatt- hours of clean energy in its first year of operation, equivalent to reducing 300,000 kilograms of carbon emissions or planting 5,600 trees. Over 630 solar panels will be installed to cover 1,500 square meters of roof space at the facility. The new facility’s parking will also be equipped with an electric vehicle charger.

Marubeni Signs a Agreement for 300 MW of Solar Project in Saudi Arabia

Marubeni Corporation, signed a Power Purchase Agreement with the Saudi Power Procurement Company, “SPPC” through a Special Purpose Company, “SPC” established with Al Jomaih Energy & Water Company Limited, “Al Jomaih” in January 2021. In March 2021, a loan agreement for limited-recourse project financing for the Rabigh Solar PV IPP Project was signed, and EPC (Engineering, Procurement and Construction) work on the project proceeded the following month. The SPC will develop, construct, operate, and maintain the 300MW capacity solar PV plant, which will be located in the Rabigh Industrial City of Makkah Province, on land leased by The Saudi Authority for Industrial Cities and Technology Zones, commonly known as MODON. SPPC will purchase the produced power for 25 years following the Commercial Operation Date. This project will be Marubeni’s first solar PV project in the Kingdom of Saudi Arabia.

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ALEC Energy to Supply Solar Power Solutions for DEWA’s New Head Office Building

ALEC Energy, UAE based Solar Energy company announced that it has won a contract to provide a solar photovoltaic solutions for Dubai Electricity and Water Authority’s (DEWA) new headquarter building ‘Al Shera’a, located in the Al Jaddaf area of Dubai. DEWA had said that Al Shera’a would be the tallest, largest, and smartest government-owned Zero Energy building in the world when complete, consuming less energy than it generates. In addition, the firm will provide fibre optic collectors, shaded structure PV, and solar trees, which collectively will generate 4.8MWp upon completion, helping to ensure the new headquarters will reach its net zero targets within under a decade.

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