Week In Middle East: Almunajem Foods Installs 3,528 Solar Panels At Its Riyadh Warehouse; And More

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Almunajem Foods Installs 3,528 Solar Panels At Its Riyadh Warehouse

Almunajem Foods has installed 3,528 solar rooftop panels on its Riyadh-based cold store warehouse. With this, the warehouse will generate 0.24 megawatt-hours of clean energy annually. This is a temperature-controlled cold store warehouse in Riyadh. The company is focusing on sustainable energy drive and will help the kingdom in reaching its green ambitions with the Saudi Green Initiative in consideration. The operation of the solar system began in the third quarter of 2021 and the initial outcomes have been good. The installed solar panel are equivalent to reducing 38,756 tons of carbon emissions per year and to 30% of onsite energy requirements. The warehouse has a storage capacity of 15,000 metric tons and is one of the cold stores of the company out of 12 cold stores spread across the country.

NADEC Completes Second Phase Of 30 MW Solar Power Plant

National Agriculture Development Company (NADEC) said that it has now completed the construction of the second and the last phase of its 30-megawatt solar plant in Haradh. In a statement, the Saudi Arabian company said that it is now working on the facility’s commercial operation. NADEC is a unit of the Public Investment Fund (PIF) which is Saudi Arabia’s sovereign wealth fund. The company will also review the impact of the actual energy savings of the plant in Q4 of 2021. The previous estimates showed that there can be a cut in fuel consumption by 16,000 litres with the 30 MW solar plant facility. This will also bring down the energy costs of the company’s energy by 4% and save $1 million. In 2019, the company signed a 25 year PPA with Engie for establishing a solar energy project.

ACWA Power Announces Financial Closure Of $12 Billion Project

ACWA Power, a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants, announced the financial close and completion of the acquisition of the first group of assets for the Jazan integrated gasification combined cycle (IGCC) project. The JV will complete the commissioning and testing and commence operating, and maintaining the plant to supply power, steam, hydrogen, and other utilities for Aramco’s Jazan refinery, under a 25-year contract with Aramco. The Jazan IGCC project’s financial close was achieved on 18th October 2021 for the $7.2billion senior debt facilities through a diverse mix of local, regional, and international banks and financial institutions. Some aspects of the limited recourse project financing involve the participation of the Saudi Industrial Development Fund (SIDF), a consortium of far-eastern non-bank financial institutions, traditional commercial banks, and Islamic banks.

Al Bayader International Inaugurates First Solar Rooftop With TotalEnergies In Dubai

Al Bayader International and TotalEnergies inaugurate the country’s first and largest solar rooftop within the food packaging sector at its state-of-the-art manufacturing plant in Jebel Ali Free Zone (JAFZA). TotalEnergies is a broad energy company that produces and markets global energy: oil and biofuels, natural gas and green gases, renewables, and electricity. Al Bayader International is an international leader in manufacturing and supplying comprehensive food packaging solutions. The solar system’s high-efficiency photovoltaic panels were installed by TotalEnergies in a 20-year partnership with Al Bayader International. The 980 kWp solar rooftop plant spans an area of 4,000 square metres and will generate over 1.5 GWh of clean electricity annually. Among Al Bayader International’s sustainability, best practices include a Botanical Garden in Jebel Ali with over 20 types of plants and 240+ trees native to the Mediterranean region, irrigated using treated sewage water. The garden offsets 2.5 tonnes of carbon dioxide annually.

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