Week In Middle East: Abu Dhabi Department Of Energy Supports Net-Zero Strategy By 2050; UAE To Host COP28 In 2023; And More

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Abu Dhabi Department Of Energy Supports Net-Zero Strategy By 2050

The Abu Dhabi Department of Energy confirms key sector initiatives over the next decade to help accelerate the UAE’s sustainable economic growth while supporting its ambitious Net Zero By 2050 Strategic Initiative. The announcement was made during COP26 in Glasgow. The DoE outlined nine existing and planned projects focused on clean energy generation from solar and nuclear sources, electrification of the water production system through reverse osmosis (RO) technology, and enabling policies and energy efficiency measures which combined have the potential of reducing emissions associated with power generation and water production by at least 50% in the next 10 years. H.E. Eng. Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, reaffirmed that Abu Dhabi has been committed to leading the transition to renewable and clean energy in line with the UAE’s strategies to achieve sustainable economic growth over the next 50 years.

UAE To Host COP28 In 2023

The UN Framework Convention on Climate Change (UNFCCC) said that the UAE will host the 28th Conference of the Parties (COP28) in 2023. The announcement was made during COP26 where around 200 countries are participating. UAE has been focusing on investing in renewable energy and energy transition for the past few decades and is endlessly working towards achieving such targets. “The UAE hosting COP28 is just another milestone that shows the UAE leadership in the clean energy transition regionally and globally and reflects the country’s vision to be one of the top clean energy producers and exporters and to act as a platform for global dialogues,” said Ahmed Samir Elbermbali, managing director, Clean Energy Business Council.

Alba Invites Bids For 5 MW Solar Panel Project

Aluminium Bahrain (Alba) has invited bids from solar panel specialists for developing a solar farm project of more than 5 MW capacity in Bahrain. Aluminium Bahrain (Alba) is the world’s largest aluminium smelter ex-China. The work comprises surveying, designing, engineering, supplying of solar panels, civil and structural work, testing and commissioning, and also tying the grids. Minimum 350 W photovoltaic panels are required for covering a surface area of around 37,000 sq m spread over operations areas, car parks, and the Alba Club. The project supports the social, governance, and environmental policies of the company and will assist in shifting towards renewable energy for the company. Alba issued a Public Tender for its Solar Farm with a view to diversify its energy sources and adopt clean energy in line with the Kingdom of Bahrain’s Economic Vision 2030 and its Green/Renewable Energy Targets led by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

India Invites GCC Nations to Invest in Sustainable Energy Sectors

India invited the Gulf Cooperation Council (GCC) member countries to invest in the sustainable energy sectors in the country. Prime Minister Narendra Modi announced that India would have 500 GW of renewable energy by 2030, Joint Secretary of the Gulf region at India’s Ministry of External Affairs, Vipul, said in a statement released on Wednesday, adding that it was a good opportunity for the GCC to capitalize on it. He added that by 2025, India expects to attract foreign investments of up to $120-160 billion annually, and that Gulf countries are best placed to capitalize on such opportunities given their ties with India. VP Strategic Partnerships and Government Affairs, National Companies Promotion Program, Kingdom of Saudi Arabia, Nasser al-Aqil said that India and Saudi Arabia are on a growth path and the business relationships are continuously improving with the changing dynamic world.

ADIPEC 2021 To Be Held From 15-18 November In Abu Dhabi

ADIPEC 2021 Forum for Diversity, Equity, and Inclusion will host international thought leaders who will discuss potential equitable strategies to safeguard a progressive energy workforce for the future. Starting from 15-18 November at ADNEC in Abu Dhabi will host the ADIPEC Forum for Diversity, Equity, and Inclusion under the theme of ‘Shaping the future of the energy workforce’. During the ADIPEC 2021 Forum for Diversity, Equity, and Inclusion, international experts will take an in-depth look at the structural inequalities that the industry is facing and develop a roadmap that will define strategic direction and create equitable solutions that attract and retain talent to navigate organizations through this critical transition period.

ISSF Invests In NEXT Renewable Energy Company

The Innovative Startups and SMEs Fund (ISSF) has completed a direct investment of USD 150,000 in NEXT Renewable Energy Company. The Innovative Startups and SMEs Fund (ISSF) is the largest investment fund of its kind in Jordan and NEXT Renewable Energy Company is a Jordan-based provider of specialized solar thermal (ST) and photovoltaic (PV) solutions. NEXT extends solar-dependent designs, fuel-saving solutions, desalination systems, and heavy fuel oil (HFO) tank heating for both commercial and industrial clients across the hotel, hospital, textile, and food industries. The investment aligns with the Innovative Future Initiative, which the ISSF launched to support startups and SMEs affected by the COVID-19 pandemic in Jordan. Organized in coordination with the World Bank, the initiative has allocated USD 7.5 million to empower these companies to overcome the challenges imposed by the global health crisis.

ACWA Power Signs A Deal With TRSDC For Renewable Energy Project

TRSDC, a sustainable tourism development company of Saudi Arabia has finalized a deal for a renewable energy project with ACWA Power for 25 years period. The consortium has secured the financing for designing, building, and operating the project with local and international investors including Standard Chartered Bank of UK and China’s Silk Road Fund. “Initial assets will be delivered by December 2022 with the balance coming online throughout 2023, delivering a total generating capacity circa 407 MWp of Solar PV power for Phase 1. By completion, the destination will have the infrastructure in place to generate up to up to 760,000 MWh of renewable energy per year,” it said. The facility will also include the world’s largest battery storage facility of 1000 MWh, which will generate power day and night. The project will save nearly half a million tons of CO2 every year which is equivalent to emissions from around 99,000 cars or 78,000 homes.

Manah 1 And 2 Projects Of Oman Likely To Start The Operations In 2024

The two new solar projects of 1000MW capacity combined at Wilayat of Manah are likely to start its operation in the fourth quarter of 2024. The projects will help in reducing emissions of greenhouse gases up to 680,000 tonnes. As per Oman Vision 2040 Implementation Follow-Up Unit, Manah 1 and 2 Solar Independent Power Projects (IPPs) supports the kindgom’s shift towards renewable energy to meet its energy demands. The projects are implemented by Oman Power and Water Procurement Company (OPWP) with an investment of around RO300mn.The company is also the sole procurer of the sultanate’s power and water capacity.The 500MW capacity Ibri II solar project are the kingdom’s first utility-scale renewable energy project which started operations in August, is aiming to supply electricity to over 33,000 houses. It will help Oman reduce 340,000 tonnes of CO2 emissions every year.

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