Week In Middle East: Dubai To Achieve Net-Zero Emissions By 2050; ADNOC And EWEC Partners For Clean Energy; And More

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Dubai To Achieve Net-Zero Emissions By 2050

Dubai Future Council on Energy has conducted an in-depth study on how the Emirate of Dubai can achieve carbon neutrality (Net Zero Emissions) by 2050. This is in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote the transformation of Dubai to a carbon-neutral economy by 2050. The move also aligns with Dubai’s commitment to sustainability and to enhance its proactive role in shaping and supporting the future of energy and climate change. This will be achieved through a clear strategy and roadmap that include the implementation of the strategy and the use of state-of-the-art technologies to take into account the required investments and other enablers, in addition to modeling the socio-economic impact and opportunities. The study, its findings, and impacts were presented to the Dubai Supreme Council of Energy, chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, where it was approved and the decision to proceed with its implementation was taken by all concerned authorities in the Emirate of Dubai.

ADNOC And EWEC Partners For Clean Energy

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office and Chairman of the Executive Committee of ADNOC’s Board of Directors, has launched a landmark clean energy partnership between the Abu Dhabi National Oil Company (ADNOC) and EWEC (Emirates Water and Electricity Company). The strategic partnership, which is the largest of its kind in the oil and gas industry, will see up to 100 percent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources, making ADNOC the first major oil and gas company to decarbonise its power at scale through a clean power agreement and strengthening the company’s position as one of the world’s least carbon-intensive oil and gas producers.

Marubeni And TAQA Group To Develop Power And Water Project For Saudi Aramco

Abu Dhabi National Energy Company PJSC (TAQA) – one of the largest listed integrated utility companies in the EMEA region – along with Marubeni Corporation (Marubeni), announced a partnership to develop a greenfield cogeneration power and water desalination project in Saudi Arabia with the world’s largest integrated oil and gas company, Saudi Aramco. The Tanajib Cogeneration and Desalination Project will have a net capacity of 940 megawatts (MW) of power generation, 1,084 tons per hour of steam, and 5.25 million imperial gallons per day (MIGD) of desalinated water gross capacity (net capacity: 4.3 MIGD). TAQA and Marubeni have signed a Water and Energy Conversion Agreement for a landmark greenfield industrial facility, as well as for the development of supporting infrastructure including pipelines to connect the desalination and cogeneration plants to end-users. A special-purpose vehicle has been created to develop the plants with TAQA and Marubeni holding a 60% stake and Saudi Aramco with 40%. Under the contract, TAQA and Marubeni will operate the plants for 20 years on a build, own, operate, and transfer basis. This project aims to supply electricity, steam, and desalinated water to Saudi Aramco’s nearby oil and gas facilities.

Iraq Plans For 33% Clean Energy By 2030

Oil Minister of Iraq, Ihsan Abdul Jabbar said that the country is planning to expand its clean energy sources to 33% by 2030. Iraq is also planning to add new solar energy projects with foreign countries for the same. He said that the projects signed over the past few months and new contracts planned by the Arab country would boost total solar power energy to nearly 12,000 megawatts (MW) in 2030. He also said all solar power projects are part of a 10-year blueprint that was approved by the cabinet a few weeks ago with the aim of tackling a persistent post-war power supply gap that forced Iraq to rely heavily on energy imports, mainly from neighboring Iran. 

Siraj Energy Signs Two MoUs For Cooperation In PV Energy And Systems Applications

Siraj Energy has signed two agreements with the Qatar Foundation and WOQOD for cooperation in photovoltaic (PV) energy and systems applications. Siraj Energy is a joint venture between QatarEnergy (51%) and QEWC (49%). Siraj Energy will study, and evaluate the installation and utilization of PV systems to power Sidra Medicine which is Qatar Foundation’s women’s and children’s hospital and medical research centre. The company is aiming to complete the process of study and evaluation by end of the Q2, 2022. Under the MoU signed, Siraj Energy will invest, build and operate PV systems in WOQOD stations – Rawdat Egdaim (347 kWp), and Golf Course (339 KWp).

NBB To Provide Financing Plans For Customers Looking To Install Solar Panels

National Bank of Bahrain (NBB) partners with Almoayyed Solar Company to offer exclusive financing plans for its retail customers looking to install solar energy panels for sustainable life. The plan is targeted towards the use of renewable resources and environmental preservation across the kingdom for all the applicants. Solar panel financing also aligns with the company’s target to shift towards alternative clean energy solutions which are provided by the company. “As a leading solar panel provider, Almoayyed Solar Company seeks to encourage environmental conservation as an essential component towards the gradual shift to a more environmentally-conscious society,” said Almoayyed International Group chairman Mohammed Farouk Almoayyed.

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