UAE And UK To Explore Green Hydrogen
A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates (UAE) and the United Kingdom (UK), as part of a joint commitment between the World Green Economy Organization (WGEO), a Dubai-based international platform that drives coalitions to enable green economic growth and Zest Associates. The report, sponsored by HSBC, will seek to uncover mutual opportunities to accelerate the development of the respective clean hydrogen markets of the UAE and the UK. Its research will engage business leaders, industry associations, policymakers, innovators, and academics across both countries.
CAFU, SirajPower, And Creek Join Forces For Clean Energy
A new era of on-demand clean energy is to launch in the UAE, bringing renewable power to where it is needed through a new joint venture, HYPR. The new venture is formed by the leading on-demand refuelling and vehicle services company, CAFU, the largest regional distributed solar energy company, SirajPower, and climate impact investor, Creek. CAFU is one of the world’s leading global fuel delivery and vehicle services platforms. Since its launch in Dubai in 2018, CAFU has continued to drive innovation, champion convenience, and give back to their customers the most precious commodity of all – time. The creek is a Dubai-based climate impact investor. We invest in sustainable, decentralized infrastructure to help individuals, companies, and communities maximize savings and reduce their carbon footprint.
Sweihan PV Power To Raise $700 Million With Green Bonds
Sweihan PV Power Company through the sale of amortizing green bonds to raise $700 million. TAQA has a 60% share in Sweihan PV Power Company indirectly, and Marubeni Corporation and JinkoSolar own 20% each. Marubeni Corporation, having 20% ownership in the Project, together with JinkoSolar Holding Co., Ltd and Abu Dhabi National Energy Company (TAQA) commenced commercial operation of the 1,177MW solar power plant in April 2019 through the Sweihan PV Power Company. All power generated from the project is sold to the Emirates Water and Electricity Company under a 25-year power purchase agreement.
Iran To Add Renewable Energy Of 10 GW Capacity
Iran is planning to add renewable energy of 10 GW capacity in the coming 4 years as a part of its aim to deploy 30 GW from renewable sources. The Ministry and the Renewable Energy and Energy Efficiency Organization (SATBA) signed an agreement to set up 10 GW capacity of energy and will allocate nearly $71.4 million. More than 80 GW of projects have been submitted for review by private investors. Iran has 900 MW of installed renewable energy capacity and 414 MW of which is from solar energy. In the year 2020, the country installed 50 MW and in 2019, 90 MW of solar power capacity.
Kanoo Industrial and Energy Partners with CleanMax to Provide Sustainable Solar Solutions in Saudi Arabia
Kanoo Industrial and Energy, the leading provider of services to the industrial sector in the Kingdom of Saudi Arabia (KSA) and GCC region, has announced its partnership with CleanMax, the leading renewable energy company in Asia, to provide sustainable solar solutions to customers within the Kingdom. These solutions aim to encourage commercial and industrial businesses to rely on clean energy sources, reducing carbon emissions and supporting environmental sustainability which align with national directives and global trends. The introduction of Kanoo-CleanMax solutions for sustainable energy is part of Kanoo Industrial and Energy’s efforts to encourage the adoption of solar energy throughout the Kingdom at affordable prices. These solutions have a product lifetime of 25 years and will help reduce electric bills, with costs of solar energy investment being gradually recovered over a period of four to six years.
PVH With L&T To Supply 387 MWp To Noor PV Project
PVH, one of the world leaders in innovative solar tracking solutions, continues to add major projects to its already large track record. Following the agreement reached with the Indian multinational Larsen & Toubro, the manufacturer will supply 387 MWp of its Monoline 2V bifacial in the South Jeddah Noor PV project, located in the province of Makkah in the Kingdom of Saudi Arabia. PVH has now surpassed 3GW contracted in the country. This figure, supported by its local supply capacity from its own manufacturing centre, has made the company a robust, agile, and profitable partner. Like the other projects developed by REPDO, the Jeddah project has the particularity of having a local content requirement, which PVH will obtain thanks to its alliance with local partners and the aforementioned production with local raw materials.