Reading Time: 5 minutes
Desert Technologies Plans To Invest $1.4 Billion In Solar Energy Projects
The Desert Technologies Factory in Jeddah was recently visited by an esteemed delegation from the Ministry of Energy, the Ministry of Industry and Mineral Resources, and the Local Content and Government Procurement Authority visited the Desert Technologies Factory in Jeddah, which is the first national factory working in the production and export of solar panels and the first exporter of solar panels in the Kingdom, the Middle East, and Africa. The delegation was received by Eng. Majid Al-Rifaie, Group Chief Commercial Officer at Desert Technologies, and the factory team. This visit comes within the framework of the keenness of ministries and authorities related to renewable energy and the solar panel industry to see the progress of production processes in national industrial factories and its hoped role in Promoting comprehensive and sustainable economic growth, increasing the volume of Saudi non-oil exports, advancing the national product as well as supporting supply chains and localizing key components in the field of renewable energy in line with the objectives of the Kingdom’s 2030 Vision and the “Made in Saudi” Program.
Masdar To Develop Largest Solar Power Plant In Armenia
Masdar has signed an agreement with the Government of the Republic of Armenia to develop a 200-megawatt (MW) solar photovoltaic (PV) plant. The Ayg-1 project will be Armenia’s largest utility-scale solar plant. The Government Support Agreement (GSA) was signed by His Excellency Gnel Sanosyan, Minister of Territorial Administration and Infrastructure of the Republic of Armenia, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, at a ceremony in Yeravan, the nation’s capital. The Ayg-1 project will be developed on a design, finance, build, own, and operate basis and the project company will be 85 percent owned by Masdar, with the Armenian National Interests Fund (ANIF), a government-owned investment vehicle, holding 15 percent. In July, the Armenian Government announced that Masdar was the winning bidder for the project, having submitted a tariff of US$0.0290 per kilowatt-hour (kWh) in a competitive process.
ETG Awards Solar Lease To Yellow Door Energy
Yellow Door Energy, a UAE-based sustainable energy provider for businesses, has been awarded a solar project with ETG, a diversified global conglomerate, for its agricultural processing and food storage facility in Dubai World Central Free Zone, Dubai, UAE. The 383 kilowatt-peak rooftop solar plant is expected to generate 620,000 kilowatt-hours of clean energy in its first year of operation, equivalent to reducing 6,000 tonnes of carbon emissions over the system lifetime. Over 700 solar panels will be installed to cover 3,100 square meters of roof space, meeting 85% of the facility’s energy consumption needs. As the solar lease provider, Yellow Door Energy is responsible for financing, designing, building, commissioning, operating, and maintaining the solar plant for the duration of the agreement. By working with solar developers, building owners can reduce their energy costs without any upfront investment or operational risk, while maintaining focus on their core business and enjoying the benefits of clean energy.
Batelco Inaugurates Its Solar Park Of 1600 MWh Capacity
Batelco has opened its solar park in the Ras Abu Jarjoor (RJR) region with 1600 MWh production capacity. This solar park will help in reducing around 900 tonnes of carbon emissions yearly which will help Bahrain achieve its vision of clean energy. Bahrain by 2025, aims for 250 MW of clean energy which will account for 5% of the total energy generated in the kingdom. The inauguration was done in the presence of Dr. Abdul Hussain bin Ali Mirza, President of the Sustainable Energy Authority, Engineer Kamal bin Ahmed Mohammed, Minister of Transportation and Telecommunications, Engineer Wael bin Nasser Al Mubarak, Minister of Electricity and Water Affairs, Farouq Yousuf Khalil Al Moayyed, Chairman of YK Almoayyed & Sons and Dr. Mohamed bin Mubarak Bin Daina, Chief Executive of the Supreme Council for Environment. The total capacity of renewable energy projects has already gone more than 237 MW which is 95% of the national target which is set at 250 MW by 2025.
ADQ And TAQA Enters A Strategic Agreement With Samruk-Kazyna For 2 GW Solar PV Plant
ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, and Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utility companies in the region, announced that they have signed a long-term strategic agreement with Samruk-Kazyna, the sovereign wealth fund of the Republic of Kazakhstan, to explore opportunities in the energy sector in the central Asian country. As part of the agreement, ADQ and its portfolio companies may invest up to US$6 billion into energy projects in Kazakhstan and the entities will partner to create a holding company that will oversee and effectively manages any acquired assets. ADQ, TAQA, and Samruk-Kazyna will explore three greenfield power projects in Kazakhstan, including a 2 GW solar photovoltaic (PV) power plant, a 2 GW wind power plant, and a 1 GW combined-cycle gas-fired power plant.
Mohamed Bin Zayed Launches Clean Energy Powerhouse In Abu Dhabi
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, announced a global clean energy powerhouse intended to spearhead the drive to net-zero carbon by 2050. Consolidating their combined efforts in renewable energy and green hydrogen, Abu Dhabi National Energy Company PJSC (TAQA), Mubadala Investment Company (Mubadala), and Abu Dhabi National Oil Company (ADNOC) will partner under the Abu Dhabi Future Energy Company (Masdar) brand. The partnership between three Abu Dhabi champions will have a combined current, committed, and exclusive capacity of over 23 Gigawatts (GW) of renewable energy, with the expectation of reaching well over 50GW total capacity by 2030. Upon completion of this transaction, the expanded Masdar entity will become one of the largest clean energy companies of its kind and be well-positioned to lead the industry on a global scale.