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Week In Middle East: bp And Oman Partners For RE And Hydrogen Development; TAQA & EWEC Price First Green Bond; And More

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bp And Oman Partners For RE And Hydrogen Development

bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of multiple gigawatts, world-class renewable energy, and green hydrogen development in Oman, by 2030. As part of the agreement, bp will capture and evaluate solar and wind data from 8,000km2 of land – an area more than five times the size of Greater London. The evaluation will then support the Government of Oman in approving the future developments of renewable energy hubs at suitable locations within this area to take advantage of these resources. The renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.

TAQA & EWEC Price First Green Bond

Abu Dhabi National Energy Company PJSC (TAQA) – one of the largest listed integrated utility companies in the EMEA region – along with Emirates Water and Electricity Company (EWEC) – a leader in the integrated coordination of planning, purchasing, and supply of water and electricity across the UAE – announced today the successful pricing of green senior secured bonds for an aggregate principal amount of US$700.8 million (AED 2.6 billion) by Sweihan PV Power Company PJSC (SPPC). The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC, the project company incorporated to build, own and operate Noor Abu Dhabi, the world’s largest single-site solar project currently in operation. 

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El Salvador Collaborates With IRENA For RE Push

El Salvador has signed a framework agreement with the International Renewable Energy Agency (IRENA) that will see the two parties work closely to drive the Central American country’s national decarbonization efforts in support of climate and economic development objectives. The agreement was signed during the 12th Assembly of IRENA by Ms. Alexandra Hill Tinoco, President of the Assembly and Foreign Minister of El Salvador, and Director-General Francesco La Camera. El Salvador is in the process of implementing a new long-term national energy policy 2020 – 2050, which aims to reduce electricity tariffs in the country by prioritizing renewables over fuel imports and facilitating the removal of subsidies from electricity towards the end of the policy period.

Masdar, EDF Renewables, Tuas Power, And PT Indonesia Power Signs MoU

Tuas Power, EDF Renewables, PT Indonesia Power, and Masdar sign Memorandum of Understanding (MoU) to develop clean energy in Indonesia and will export that to Singapore. This partnership will develop 1.2 GW of solar photovoltaic capacity with the required storage system. EDF Renewables is the global renewable energy affiliate of the Group. It is present in 20+ countries, under the brand EDF Renewables, the company develops, builds, and operates renewable power plants. Incorporated in March 1995, Tuas Power is one of Singapore’s leading power generation companies and a key provider of energy solutions, multi-utilities, and environmental services.

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DEWA Raises Production Capacity Of A Project To 330MW

HE Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), announced the production capacity of the first project of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park has increased from 300 megawatts (MW) to 330MW. This results from using the latest solar photovoltaic bifacial technologies with Single Axis Tracking to increase energy production. The 900MW fifth phase, with investments of AED 2.058 billion, is 60% complete with 4.225 million safe working hours without injuries. Waleed Bin Salman, Executive Vice President of Business Development and Excellence at DEWA, said that work in the fifth phase of the Solar Park is going as per the targeted timeline. The second project is now 57% complete.

Fertiglobe With Masdar & ENGIE To Develop Green Hydrogen

OCI N.V. announced that Fertiglobe, the strategic partnership between OCI and the Abu Dhabi National Oil Company (ADNOC), and the largest seaborne exporter of ammonia and urea globally, has signed a collaboration agreement with Masdar, one of the world’s leading renewable energy companies, and ENGIE, a global player in low-carbon energy and services. Under the agreement, the companies will look to co-develop a globally cost-competitive green hydrogen facility in the UAE, with a capacity of as much as 200 megawatts (MW), to support the production of green ammonia.

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Yellow Door Energy’s Tania Jarjur Named MESIA Woman in Solar at WFES

Tania Jarjur, General Counsel of Yellow Door Energy, has been named Woman in Solar of the Year by the Middle East Energy Industry Association (MESIA) at the World Future Energy Summit (WFES) in Abu Dhabi, UAE. The MESIA Solar Awards, now in its tenth edition, is one of the energy industry’s longest-standing and most trusted awards ceremonies in the region. It recognizes and celebrates exceptional talent and achievements in the Middle East and North Africa (MENA) solar market. The awards are open to all, and the winners are selected by nine independent renewable energy experts from around the world.

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