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Saudi Arabia To Generate 15,000 MWs Capacity Of Electricity From RE Sources
Saudi Arabia plans to issue fresh tenders to generate 15,000 MWs capacity of electricity with the renewable energy projects in 2022 and 2023 said Energy Minister Prince Abdul Aziz bin Salman of the kingdom. These projects are a part of the government’s strategy to expand the usage of renewable energy sources in the energy mix of the country. The kingdom also plans to reduce the usage of crude oil in generating power. “We have plans to issue tenders for new renewable energy projects with a combined capacity of around 15,000 MW during 2022-2023 within our strategy to increase reliance on renewable and cut crude oil consumption in power generation,” he said.
Energy Storage In GCC And Egyptian Markets To See An Investment Of $40 Billion By 2030
Mr. Khaled Ahmed Sharbatly, the Group Chief Investment Officer and Partner emphasized that renewable energy projects are at the forefront of the GCC countries and Egypt’s agenda as an integral part of future sustainable development plans in the region, which is witnessing rapid growth in solar energy. Solar energy applications recorded a large part of this growing interest in Saudi Arabia, Egypt, the Emirates, Oman, Kuwait, and Qatar, adding that Saudi Arabia is qualified to lead the region in the field of solar energy electricity storage solutions. Mr. Sharbatly expected that the region will witness solar energy production of “50 GW per hour of Electricity Storage Solutions by 2030”, where Saudi Arabia alone will acquire 20 GW per hour, and Egypt and the UAE will have an equal production volume of 10 GW per hour each, and Qatar, Kuwait, and Oman will produce 10 GW per hour collectively.
Siemens To Deploy First Microgrid Of Middle East In Doha
Siemens AG will deploy the first microgrid of the Middle East designed for industrial use with Qatar Solar Energy (QSE) for cutting carbon emissions, reducing the cost of electricity, and having a more stable power supply. The microgrid will be situated in QSE’s factory in Doha. It will consist of energy mixes including solar panels, a backup generator, a cooling system, the local grid, and battery storage. Generating as much as 1 MW from the sun, the hybrid network will enable QSE to trim its electricity bills by maximizing the use of solar power and storing energy in batteries to satisfy on-peak demand.
Oman Shell To Develop Hydrogen Production Units Powered By Solar PV
As part of the first phase of the project, Oman Shell has signed a Memorandum of Understanding (MOU) with Oman Airports that would see Oman Shell providing up to 15 Hydrogen Cars for the Oman Airports’ corporate usage. The project will include the development of hydrogen production units that will be powered by photovoltaic solar plants and installed at different fueling units related to the project. These stations will be selected strategically to maximize benefits to the project and allow members of the public to have visibility of the technology. As Omani regulatory bodies develop the required regulations to enable a strong hydrogen economy in the Sultanate, Oman Shell will work closely with them to provide hydrogen expertise and input.
Petrofac To Explore Feasibility Of Green Hydrogen To Ammonia Facility In Egypt
Petrofac, a leading international service provider to the energy industry, has won its first new energies project in Egypt with an in-country subsidiary of Egypt-focused Mediterranean Energy Partners (MEP). The project is an early-stage study assessing the feasibility of new green hydrogen to an ammonia facility that will target the production of 125,000 tonnes of green ammonia a year for export, using a mix of solar and wind energy. Petrofac’s scope will be key to successfully delivering the project and includes sizing the electrolyzers and the feasibility of export facilities at Ain Sokhna Port on the Gulf of Suez.