Week In Middle East: ADNOC And TAQA Forms Joint Venture For 30 GW Renewable Energy By 2030; And More

ADNOC And TAQA Forms Joint Venture For 30 GW Renewable Energy By 2030

ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) launches a new global renewable energy and green hydrogen venture in the presence of 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 the Board of Directors of Abu Dhabi National Oil Company (ADNOC). In October, H.H. Sheikh Khaled bin Mohamed bin Zayed launched a new clean energy partnership between ADNOC and Emirates Water and Electricity Company (EWEC), which will see up to 100% of the ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources.

Second SDME Focuses On Sustainable Solar-Powered Houses

The second Solar Decathlon Middle East (SDME) is focusing on sustainable solar-powered houses with smart and home agriculture. The optimal use of organic and natural elements provides a green environment inside the house and adopts a sustainable lifestyle. It is organized for university students to design solar-powered homes. DEWA is organizing the SDME at the Decathlon Village, the Mohammed bin Rashid Al Maktoum Solar Park, under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, as part of a partnership between DEWA, the Dubai Supreme Council of Energy (DSCE), and the US Department of Energy.

Mitsui And GS Energy To Join TA’ZIZ For Clean Hydrogen

Abu Dhabi National Oil Company (ADNOC) and ADQ announced that Japan’s Mitsui & Co., Ltd (Mitsui) and the Republic of Korea’s (Korea) GS Energy Corporation (GS Energy) have agreed to partner with TA’ZIZ and Fertiglobe to develop the world-scale low-carbon blue ammonia facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The partnerships are expected to accelerate Abu Dhabi’s position as a leader in low-carbon fuels, capitalizing on the growing demand for blue ammonia as a carrier fuel for clean hydrogen. The agreements highlight the exceptional international investor interest in TA’ZIZ and follow ADNOC and Fertiglobe’s recent sales of low-carbon blue ammonia demonstration cargos to customers in Japan and Korea.

GE & UK Export Finance To Support 1.35 GW Turkish Solar Project

GE and UK Export Finance (UKEF), UK’s export credit agency, signed an agreement to finance Kalyon Enerji’s 1.35 GW Karapinar solar project located in Konya Karapinar province. The solar power plant is Turkey’s largest solar facility, approximately 11km long and 3km wide, equivalent to over 4,600 football pitches. GE Energy Financial Services worked with UKEF, who are set to guarantee a US$291 million [£217 million] Buyer Credit Facility, subject to financial close. This will enable GE to deploy its first FLEXINVERTER solar technology outside the U.S., supporting Turkey’s clean energy goals and facilitating trade for UK suppliers. Financing for the project will be structured on a project finance basis and raised through J.P. Morgan as acting lead arranger and lender supported by the UKEF guarantee.

World’s First Transnational Solar Panel Network ‘GGI-OSOWOG’ Launched At COP26

The International Solar Alliance (ISA), India Presidency of the ISA, and the UK COP Presidency planning for the first transnational network of solar power grids, known as the Green Grids Initiative – One Sun One World One Grid (GGI-OSOWOG), at the COP26 climate conference in Glasgow. Under the plans being released, ISA intends to push for a network of interconnected green grids in the coming years. As part of its first phase, the project will drive interconnectivity across the Middle East, South Asia, and Southeast Asia. The second will focus on African power pools, while the third will drive global green grids interconnections.

650 Solar Panels Powered The Saudi Pavilion At Expo Dubai 2020

Saudi Arabia’s Pavilion installed 650 solar panels to power the Pavilion at Expo Dubai 2020. Saudi Arabia’s Pavilion attracted the admiration and interest of visitors to Dubai Expo 2020 and was the second-largest exhibition in the Expo. In addition to its size of 13 thousand square meters, which is equivalent to the area of ​​two football fields, it has an innovative and sustainable design that depends entirely on Renewable energy and zero-carbon impacts. This qualified it to obtain the Platinum Leadership in Renewable Energy Designs “LEED” certification from the US Green Building Council (USGBC) and made it one of the most sustainable designs in the world.

Solar Wadi, Madayn and Mubadrah to Build 100 MW Solar Farm in Sohar Industrial City

Amarenco is an anchor shareholder of Solar Wadi – one of the first independent Omani power companies that invest in builds and operating renewable energy power plants. Solar Wadi, Madayn, and Mubadrah signed an agreement to build a 100MW solar PV farm in Sohar Industrial City (SIC) to be implemented by next year. The company plans to develop a combined capacity of circa 1 GW of solar PV energy plants across Oman, according to Yazan Faouri, CEO of Solar Wadi. “This project represents a strategic investment for Solar Wadi and is only the first in a number of investments planned for the Omani market which is targeted at a combined capacity of circa 1GW of solar PV energy plants across the Sultanate,” said Faouri.

Syria And UAE Firms Signs A Deal For 300 MW Solar Park

Syria signs a Memorandum of Understanding (MoU) with a few UAE firms (names not yet disclosed) for building a 300 MW solar park in the Widyan al-Rabie, Damascus. This comes after the UAE delegation visited Syria. The solar park will be built in 2 years. The solar park facility will generate 500 million kWh every year and will be divided into 6 sections of 50 MW each. This will help in saving up to 350,000 tonnes of carbon emissions. The financing of the projects will be done on a quarterly basis for a duration of 10 years after each section of the project starts operating. As per Syria’s 2030 strategy, the country targets to produce around 5% power from renewable energy sources by adding 1.5 GW solar energy and 900 MW wind turbines. The Syrian government also has created a fund to support green energy projects of the country for shifting towards renewables.