Reading Time: 7 minutes
WETEX and DSS an Important Platform for GCC Countries to Promote Green Investments
The Water, Energy, Technology, and Environment Exhibition (WETEX) and the Dubai Solar Show (DSS) is witnessing an increasing turnout from exhibitors, sponsors and investors from the GCC countries. Dubai Electricity and Water Authority (DEWA) is organising the 24th WETEX and Dubai Solar Show 2022 under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, from 27 to 29 September 2022 at the Dubai World Trade Centre.
Kenlov Renewable Energy Appoints New CEO to Drive Next Phase of Global Growth
Tel Aviv-headquartered Independent Power Producer Kenlov Renewable Energy (Kenlov) has appointed Yossi Gvura to the position of CEO as it seeks to finance, develop and operate a global pipeline of wind and solar projects exceeding 3GW. Gvura is an energy industry leader in the Israeli and global markets, having occupied Deputy CEO and CFO roles over a 15-year period at Delek Drilling. In these roles he helped to lay the foundation for the domestic natural gas industry, managing a succession of major M&A transactions, alongside multi-billion-dollar fundraising efforts for pioneering large-scale energy projects in Israel. Turning to the rapidly expanding renewable energy sector, Gvura will bring his extensive management and leadership experience to Kenlov, where he will lead on taking Kenlov to the next level of its growth, using his broad experience in infrastructure and finance to move forward a renewable energy development pipeline that spans seven global markets.
Egyptian President Meets With FFI About Green Hydrogen Opportunities Ahead Of COP27
In the lead-up to Egypt hosting the 2022 United Nations Climate Change Conference (COP27), Egyptian President Abdel Fattah El-Sisi has met with Fortescue Future Industries (FFI) founder and Executive Chairman Dr Andrew Forrest to discuss the development of green energy projects in the region. FFI has already signed a Memorandum of Understanding (MoU) to conduct studies with a view to developing green hydrogen production in the Arab Republic of Egypt. The meeting discussed the potential development of a green hydrogen production project with a 9.2 gigawatt (GW) installed capacity. Dr Forrest said, “Egypt is on the way to becoming a global powerhouse in the green energy value chain and will be ready to show the world that at COP27.”
APICORP To Support nogaholding Across ESG, Sustainability And Green Financial Solutions
The Oil and Gas Holding Company B.S.C (nogaholding) and the Arab Petroleum Investments Corporation (APICORP) signed a memorandum of understanding to promote collaboration between the two entities. Under the MoU, nogaholding will leverage APICORP’s experience as a partner to the Arab energy sector to support the company’s strategic initiatives and projects that will be crucial to the future of the Kingdom of Bahrain’s energy sector. This includes sharing knowledge and best practices on Environment, Social and Governance (ESG) aspects, sustainability initiatives, and green financing.
HE Saeed Mohammed Al Tayer Receives Consul General of the Netherlands to Dubai and the Northern Emirates
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received HE Dr Carel Richter, Consul General of the Kingdom of the Netherlands to Dubai and the Northern Emirates, in his office at DEWA’s head office. Al Tayer welcomed the Consul General of the Netherlands and emphasised DEWA’s eagerness to consolidate the levels of cooperation, friendship, and joint action with all diplomatic and consular missions in the UAE. He underlined the importance of strategic cooperation between DEWA and Dutch companies and organisations from the public and private sectors, as well as exchanging and developing best practices in the energy, water, and sustainability sectors and developing them into new horizons.
SCZONE Held A Meeting With Scatec To Follow Up On Green Hydrogen Projects
Waleid Gamal El-Dein, SCZONE Chairman, received Mr Terje Pilskog, CEO of the Norwegian Company Scatec, and Mr James Nutter, Scatec SVP Projects, and a delegation comprising a number of technical expertise from both sides, in order to follow up on the developments of the feasibility studies carried out by Scatec Company based on the memorandum of understanding that was signed between the company and SCZONE; In preparation for the signing of the final binding contracts and the actual start of projects implementation, and to accelerate the implementation of the project related to the localization of green fuel projects and complementary industries.
HE Saeed Mohammed Al Tayer Enhances Cooperation With The Executive Director Of The Green Climate Fund
HE Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organization (WGEO), received HE Yannick Glemarec, Executive Director of the Green Climate Fund (the operating entity of the financial mechanism of the Climate Change Convention and its Paris Climate Agreement). The visit aimed to review Dubai’s existing programmes and projects that support the Emirate’s vision for a green economy. Al Tayer went through the leading role of the UAE in achieving the vision and directives of wise leadership in applying the concept of sustainability across all sectors.
Commercial Bank Of Dubai Partners With Sharaf DG Energy To Offer CBD Sustainable Financing Solutions
Commercial Bank of Dubai, a leading bank in the UAE, has announced a tie-up with Sharaf DG, a unit of UAE-based conglomerate Sharaf Group. The partnership will enable customers to adopt clean energy by installing Solar PV Systems for their homes from Sharaf DG Energy via a sustainable and digital financing option from CBD. The Solar PV systems can be financed digitally via a Quick Loan or Credit Card using the CBD Mobile App. The application process is seamless and hassle-free; Emirates ID is the only document required. Customers can enjoy a loan repayment period of up to 48 months at preferential interest rates.
Saudi Arabia To Fall Short Of Its 2023 Renewable Target With 25.8 GW – Report
Under the Saudi Arabia Vision 2030, the country revised its renewables target to achieve 27.3 GW of renewable power capacity by 2023 and 58.7 GW by 2030. However, at its current rate of renewables development, the country is not even close to the 2023 target and even the 2030 targets look out of reach, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Saudi Arabia Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035’, reveals that Saudi Arabia’s current renewable capacity additions see the country adding an average of 0.1 GW per year between 2010-2021 which will eventually lead to a shortfall of 25.8 GW to its 2023 target.
Gerab’s Warehousing Facilities In JAFZA Are Fully Powered By Solar Energy
Gerab’s warehousing facilities in JAFZA are fully powered by solar energy since the beginning of this year. The solar panel system installed & commissioned by SirajPower, the UAE’s leading distributed solar energy provider in the region for Gerab National Enterprises LLC has been operating on solar energy since the beginning of the year. SirajPower has been able to demonstrate its ability to deliver high-quality solar power systems, as well as its ability to provide reliable and efficient maintenance services. Gerab National Enterprises LLC is an internationally recognized leading bulk stockist and supplier of piping system components for various industries for over 40 years.
JA Solar And S’ENERGY Complete Installation Of 10.705MW Floating PV Project In Israel
JA Solar, a leading manufacturer of high-performance photovoltaic products, recently announced the installation of the 10.705MW Tel Yitzhak Reservoir floating PV power plant in Israel. The project is the first to be completed as part of a 50MW order signed between JA Solar and S’energy, one of the first companies in Israel to enter the solar energy market. Ralco Energy, JA Solar partner in Israel for the last 10 years, gave full services for this project and support logistically and technically as pre&after sale service with local full package support.