Week In Middle East: ACWA Power And Natixis CIB Signs MoU To Finance New Projects; And More


Reading Time: <1 minutes


ACWA Power And Natixis CIB Signs MoU To Finance New Projects


ACWA Power, a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, and Natixis Corporate & Investment Banking (Natixis CIB), a subsidiary of Groupe BPCE, the second-largest banking group in France, signs a Memorandum of Understanding (MoU) stating their intention to collaborate on the advancement of ACWA Power’s projects in the region. The MoU was signed in Jeddah, Saudi Arabia, by Clive Turton, Chief Investment Officer of ACWA Power, and Anne-Christine Champion, Co-Head of Natixis CIB.


Bahrain Issues 7.5 MW Capacity Solar Power Plant Tenders

Two tenders were issued by Bahrain’s Sustainable Energy Authority (SEA) for the solar power plant of 7.5 MW capacity. The plant will be installed at the Ministry of Labour & Social Development and the Ministry of Education. For the first tender, a 20-year power purchase agreement (PPA) will be awarded by SEA for a solar power plant of 5 MW capacity located on car park areas and building rooftops of the Ministry of Education. For the second tender, 2.5 MW capacity of the solar power plant will be installed at the Ministry of Labour & Social Development, and 20 years PPA will be awarded by SEA.

Desert Technologies Signs with Essentra to Export Saudi Solar Panels to the American Market

Also Read  EGA Purchases Clean Energy Certificates For 1.1 Million Megawatt Hours Of Electricity Supplied By EWEC To Support Production Of CelestiAL Solar Aluminium

The leading Saudi solar panel manufacturer, Desert Technologies, signed a trade agreement with the American company “Essentra” to export Saudi-made solar panels to their projects in the United States. An announcement made by the company stated that the agreement was signed during the Saudi Export Trade Mission, and places Desert Technologies in an advantageous position in the American market, boosting its placement in producing and manufacturing solar panels internationally. The announcement also mentioned that their Jeddah-stationed factory began its activities in 2011, and its production line is currently up to date with the latest technologies used internationally in the manufacture of Solar Panels.

Airobotics And Solar Drone To Develop Solar Panel Cleaning Drones

Airobotics and Solar Drone have collaborated to develop and supply solar panel cleaning drone systems. It will compromise a drone docking station for the replacement of the automatic battery, enabling the system to operate, and cleaning fluid replenishment. Airobotics is an Israel-based company that manufactures drones and aerial data platforms. Solar Drone is an Israeli company that provides solar farm services. Solar panels which are currently used need to be cleaned regularly as dust, mud, dirt, and bird droppings are collected which decreases the impact of power output. This process is time-consuming as well as expensive.

IRENA And ARE Signs MoU To Strengthen Cooperation On RE

The International Renewable Energy Agency (IRENA) signed a memorandum of understanding (MoU) with the Alliance for Rural Electrification (ARE), to strengthen their existing cooperation on rural electrification and universal access to energy. The MoU was signed in the margins of the fifth International Off-grid Renewable Energy Conference (IOREC) by IRENA Director-General Francesco La Camera and ARE Chief Executive Officer David Lecoque. Off-grid renewable energy solutions provide an opportunity to achieve universal access to energy without undermining climate goals, making them critical to achieving a just energy transition. 

Also Read  800MW Solar Power Plant In Qatar Deploying LONGi Modules Connected To The Grid

ENGIE And Masdar Forms US$5 Billion Alliance For Green Hydrogen

ENGIE and Masdar, one of the world’s fastest-growing renewable energy companies, announced that they have signed a strategic alliance agreement to explore the co-development of a UAE-based green hydrogen hub. The two companies are looking to develop projects with a capacity of at least 2 GW by 2030, with a total investment in the region of US$5 billion. The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Masdar Chairman, and Catherine MacGregor, ENGIE CEO, in the presence of Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Emmanuel Macron, President of the French Republic, during his visit to the UAE.

MD & CEO Of DEWA Inaugurates The ‘Noor Energy 1 Visitors Centre’

HE Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the ‘Noor Energy 1 Visitors Centre’ at the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 950 megawatts (MW) phase has investments totalling AED15.78 billion based on the Independent Power Producer (IPP) model. The inauguration ceremony was attended by Mohammad Abunayyan, Chairman at ACWA Power, and officials from DEWA and Noor Energy 1, which is implementing the fourth phase of the solar park. The Visitors Centre features an exhibition that chronicles the history of energy as well as future energy technologies. It displays the latest technologies in Concentrated Solar Power (CSP), photovoltaic cells, and the future of green hydrogen. The exhibition uses Virtual Reality (VR) to tour the Mohammed bin Rashid Al Maktoum Solar Park to understand the projects and technologies used to produce energy.

Also Read  Sprng Energy, IB Vogt, Hinduja and Blupine Emerge Winners at GUVNL’s 500 MW (Tranche XVIII) Solar Auction

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.