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Week In MiddleEast: Desert Technologies Signs Agreements With MYTILINEOS And Raycap To Collaborate In RE Sector; Actis To Acquire A Controlling Stake In Yellow Door Energy; And More

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growatt01-08-2022

Desert Technologies Signs Agreements With MYTILINEOS And Raycap To Collaborate In Renewable Energy Sector

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Desert Technologies Investments signed two agreements one with MYTILINEOS, the largest Greek company in the industry and renewable energy, as well as with Raycap, the leading Greek company for energy and communications solutions, to explore the possibility of collaboration to create and commercialize innovative solutions to the renewable energy sector, with a special focus on solar PV and energy storage. This was signed during the visit of Crown Prince Mohammed Salman Abdulaziz and Deputy PM of the Kingdom of Saudi Arabia to Greece. These collaborations will establish a framework of cooperation between the private sectors of Saudi Arabia and Greece in the areas of renewable energy, solar energy storage, and renewable energy efficiency solutions. 

Actis To Acquire A Controlling Stake In Yellow Door Energy

Actis, a global leader in sustainable infrastructure investment, announced that it has signed definitive transaction documents for the acquisition by Yellow Door Energy Limited of a controlling interest. Yellow Door Energy, a leading Distributed Commercial & Industrial Solar Platform in the Middle East & Africa (MEA) region, has around 200MW of production capacity. The transaction will close only after the required regulatory approvals have been obtained. YDE offers customers a more cost-effective and sustainable power supply than the grid in all of its markets. The company can demonstrate power cost savings of 10-50% for customers in key MEA markets. YDE is one of the few regional C&I companies with 106MW of capacity in operation and 104MW under construction. 

Saudi Arabia Set To Double Renewables Tenders As Middle East Growth May Pick Up – Report

Saudi Arabia is set to double the capacity amount in renewables tenders this year and in 2023, setting the stage for faster growth in mostly solar and wind projects in the Middle East after lagging other regions in recent years. Saudi Arabia’s current online renewable energy capacity as tendered by the renewable energy program is 700 MW, the energy ministry told S&P Global Commodity Insights. The online capacity figure is expected to increase “sharply” over the next few years as projects with a total capacity of 7.1 GW have been tendered to the market and are currently in various stages of completion, it said. An additional 15 GW is expected to be tendered in 2022 and 2023, it said.

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South Batinah Governorate Of Oman To Build Solar-Powered Model Kiosks

South Batinah Governorate, Oman has initiated a project to build solar-powered model kiosks. Construction is already underway to place a few kiosks in Rustaq. There will be 55 kiosks distributed throughout the governorate. “This is part of the efforts made in South Batinah by its municipality to develop and enhance municipal services in all Wilayats,’ said a municipal statement. Recently, TotalEnergies and Veolia have signed an agreement to start the construction of the largest solar photovoltaic (PV) system providing power for a desalination plant in Oman, in the city of Sur. The power plant will be located on the site of the Sharqiyah Desalination plant, which is a reference in Oman and in the Gulf region, supplying drinking water to more than 600,000 inhabitants of the Sharqiyah region.

To Achieve The Goals Of Vision 2030, Desert Technologies Industries Joins The “Made In Saudi” Program

As part of its commitment to support national development strategies and programs, Desert Technologies Industries, which is one of the leading Saudi national companies that manufactures and exports solar panels, has announced that it has joined the “Made in Saudi Arabia” program emanating from the National Industrial Development and Logistics Program (NDLP). It aims to stimulate national industries, encourage consumers to purchase local goods, develop and enhance Saudi Arabia’s non-oil exports to global markets, advance the national product, and support supply chains in the field of renewable energy. The program is in line with the objectives of Saudi Arabia’s Vision 2030 and the National Renewable Energy Program (NREP), which aim to localize the renewable solar energy market with the highest international standards.

Masdar Achieves Financial Close On Landmark 230 MW Garadagh Solar PV Plant In Azerbaijan

Masdar, one of the world’s leading renewable energy companies, announced that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign investment-based independent solar power project, and Masdar’s first project in the country. The project is co-financed by Abu Dhabi Fund for Development, the Asian Development Bank, the European Bank for Reconstruction and Development and Japan International Cooperation Agency. Minister of Energy Parviz Shahbazov said, “Successful achievement of the next critical milestone in the project is proof of our determined approach to the joint cooperation and commitment of the parties towards the realization of the project. In line with the national priority of “A clean environment and country of green growth”, our country has ambitious plans for the utilization of its ample renewable energy potential and we are confident that this solar power project will be a great trailblazer for future projects in the field of green energy. This and other projects will further contribute to the realization of the country’s NDCs by 2050, declared on the sidelines of COP 26 Conference.” 

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Construction Of 20 MW Solar Power Plant In Egypt To Begin By The End Of This Year

The development of a 20-MW solar power plant near Hurghada, Egypt’s Pink Coastline, is progressing, according to a newspaper, citing sources from Egypt’s NREA, New and Renewable Vitality Authority. The Ministry of Electrical Energy in Egypt has completed a financial and technical feasibility study. A mortgage of USD 85million has been established with JIKA, Japan Worldwide Cooperation Company to help finance the venture. The obligatory approvals have been obtained and NREA has completed the preparatory work on the location north of Hurghada, where the facility plant will likely be built. Egypt is close to completing another large-scale photovoltaic project within the Zaafarana area of the Suez Governorate along the Pink Coastline. Based on NREA’s earlier assertion, the 50-MW-scale solar farm is now ready for surfing.

Intersun Inks A Solar Lease Agreement With SirajPower For Its Warehousing Facility In JAZFA

A multi-year agreement has been signed between Intersun International Sun Group FZCO and SirajPower to develop a solar rooftop system for Intersun’s facility in Jazfa. The solar system will help Intersun reduce its carbon footprint and increase its energy efficiency. Through this multi-year agreement, SirajPower will undertake the full scope of services for the solar rooftop plant, including design, and fully financing long-term operations, and maintenance, allowing Intersun to focus on its core business. SirajPower is the UAE’s leading distributed Solar energy provider in the GCC. Recently, it signed an agreement to deliver its industry-leading services to Cleanco Waste Treatment (CWT), a premier Environmental Service Provider (ESP) in Abu Dhabi. 

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Jordan’s Ministry Of Energy And Mineral Resources Installs Solar Panels

The fourth phase of a project to install solar panels at households of underprivileged was launched by the Ministry of Energy and Mineral Resources. According to a ministry statement, the fourth phase was estimated at JD800,000. It included 800 families from underprivileged backgrounds who were beneficiaries of the National Aid Fund in Jerash, Irbid and Ajloun. Saleh Al Kharabsheh, Minister for Energy and Mineral Resources, stated that the new phase will be completed in the second half of 2023. He pointed out that solar panels connected to the electricity network through the Fils Al Reef fee will reduce the monthly electricity bill for citizens and encourage the use of renewable energy sources throughout the Kingdom. In 2019, the ministry began installing solar panels that were connected to the power grid for families with low incomes. This was done using the Fils Al Reef fee.

Turkey Makes New Provisions For Solar System Irrigation

The Ministry of Environment, Urbanisation and Climate Change in Turkey has created new rules that will make it easier to deploy self-consumption solar arrays and solar systems for irrigation, which can cover an area of up to 125 square metres. “Agriculture is essential for the growth of (Turkey) and it is important to adopt methodologies and technologies to assist agriculture in providing food that is sufficient for the entire population,” said Eren Engur, a board member of the Turkish solar association, Gunder. He added, “We believe that with this new supportive regulation photovoltaic-powered irrigation systems will save labor and fuel cost in rural off-grid areas of the country.”

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