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Week In Middle East: SirajPower Completes Installation Of 4,921 Solar Panels At Kings’ School Al Barsha; Iraq Plans To Award 5000 MW Solar Projects in 2023; And More

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SirajPower Completes Installation Of 4,921 Solar Panels At Kings’ School Al Barsha

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SirajPower, UAE’s largest distributed solar energy provider, announced that the roof solar panels were completed at Kings’ School Al Barsha. The school offers an exceptional all-through school, the British curriculum to primary and secondary students. The solar project, which is in line with Dubai’s Clean Energy Strategy, will reduce approximately 1.924 metric tonnes of carbon dioxide annually. This would be equivalent to charging 234,066,133 smartphones. Education is a key priority in the UAE. The Government strives to build its human capital and create an economy that is diverse and knowledge-based. SirajPower is committed to supporting the nation’s initiatives. The partnership with Kings’ School Al Barsha will empower youth and increase sustainability awareness in the UAE. The school was able to install 4,921 solar panels, with a power of 1.9MWp, in record time and four months ahead of schedule.

DEWA Invites International Developers To Send EOI To Implement The 6th Phase Of The Mohammed bin Rashid Al Maktoum Solar Park

Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model. The deadline to receive the EOI is 12:00 pm on Monday, 10 October 2022. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, said that the 900 MW 6th phase of the Solar Park will be implemented using photovoltaic solar panels. It will become operational in stages starting from Q3 of 2025. Al Tayer explained that DEWA has attracted about AED 40 billion of investments through the IPP model and has achieved world records for the lowest prices for solar energy (Levelised Cost of Energy) five consecutive times, making Dubai a benchmark for solar energy prices worldwide.

Iraq Plans To Award 5000 MW Solar Power Projects to Foreign Companies in 2023

According to reports, the Electricity Minister of Iraq said Monday that Iraq plans to give more solar power projects to foreign firms in 2023. The combined capacity of these projects is nearly 5,000 megawatts (MW). Minister Adel Karim stated that the Ministry has already signed contracts with several foreign companies to construct solar power stations with a total capacity of 7,500 MW. Karim stated that the projects recently awarded were only part of phase one of a comprehensive Ministry plan to increase reliance on renewable energies. He was quoted in Aliqtisad News, as well as other Iraqi publications. We are looking to sign new agreements with several regional and international companies in order to build more solar power plants that will produce 5,000 MW, he said.

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Shanghai Electric Opens Block B in Phase Five of MBR Solar Park in Dubai 17 Days Ahead of Schedule

The opening ceremony for commercial operations of Block B in phase five at Shanghai Electric’s Mohammed bin Rashid Al Maktoum Solar Park (MBR Phase V) facility in Dubai was held at the site on October 10. The equipment started producing electricity for commercial use 17 days earlier than expected, marking another milestone in the construction of the Shanghai Electric facility. In addition, Omar Al-Hassan, the CEO of Shuaa Energy 3, the company in charge of the implementation of the project, also expressed his appreciation and gratitude to all parties involved for their hard work and construction achievements at the opening ceremony.

ACWA Power And KEPCO Set To Explore Industrial-Scale Green Hydrogen/Ammonia Production

ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, and Korea Electric Power Corporation (KEPCO), South Korea’s largest electric utilities provider, signed an extensive memorandum of understanding (MoU) that proposes a potential partnership in the development of green hydrogen/ ammonia projects in the Middle East and other agreed geographies to decarbonise KEPCO’s operations in South Korea. The company intends to utilise the end product to operate its power plants in South Korea, on the proviso that KEPCO’s generation companies offtake the green ammonia from the potential project.

Kalyon and Fraunhofer ISE Sign MoU for Research on Integrated Photovoltaics and PV Storage Technologies

In conjunction with the 4th Turkish-German Energy Forum, Kalyon Güneş Teknolojileri Üretim A.Ş. and the Fraunhofer Institute for Solar Energy Systems ISE signed a Memorandum of Understanding (MoU) at the German Federal Ministry of Economic Affairs and Climate Action BMWK in Berlin, Germany. In the MoU, both parties reaffirm their intent to cooperate in the field of agrivoltaics as well as in other integrated photovoltaic technologies and PV storage technologies. Over the next three years, Kalyon plans to invest at least nine million US dollars in research contracts and joint research projects with Fraunhofer ISE.

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QatarEnergy To Inaugurate Al-Kharsaah Solar Power Station Later This Month

His Excellency Mr Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, revealed that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course. His Excellency made the remarks during the Energy Intelligence Forum’s Energy Executive of the Year Leadership Dialogue in London. H.E. Minister Al-Kaabi noted that the North Field East, North Field South, and Golden Pass projects will bring a total of 48 million tons of LNG per annum, stressing that Qatar alone will bring most of the new LNG volumes between 2025 and 2027.

Yellow Door Energy Closes $400 Million Equity Raise to Develop Sustainable Energy Projects in MEA

Yellow Door Energy (YDE), the leading sustainable energy partner for businesses, has announced the closing of a new equity raise to continue its development of sustainable energy projects in the Middle East, Africa and beyond. The investment also includes a purchase of current shares, enabling the company’s initial investors to exit. The funding is substantially provided by YDE’s newest and now controlling shareholder, Actis, with existing shareholders International Finance Corporation (IFC), Mitsui & Co., Ltd. and APICORP also increasing their equity commitments. With the closure of this landmark transaction, YDE’s business plan is fully funded and the management team is now focused on executing sustainable energy solutions over the next five years, with a portfolio value expected to exceed $1 billion, which will be funded through a combination of equity and debt securities.

Iran’s Renewable Energy Growth Continues To Be Hindered By US Sanctions, Says Report

The Iranian power market has been severely impacted by the series of sanctions that have been imposed by the US, which has made it difficult for Iran’s finance and banking sectors to make payments or secure debt and equity finance for projects as it has become virtually impossible, found GlobalData. Despite the sanctions, in January 2022 the Iranian Energy Ministry announced plans to add 10 GW of renewable capacity (including conventional hydropower) by the end of 2026 to achieve the long-term target of a renewable cumulative capacity of 30 GW. The Renewable Energy and Energy Efficiency Organization (SATBA) signed a Memorandum of Understanding (MOU) with private investors to execute the plan and has indicated that it would allocate around IRR30 trillion ($71.4 million) towards the first set of projects in the upcoming budget. SATBA has revealed that applications have been received for over 80 GW of renewable power projects.

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Jinko Solar Completes Delivery of Phase B of 900 MW DEWA (Phase V) Project

Shanghai Electric Group announced that Phase B of the 900 MWac DEWA phase V of the Mohammed bin Rashid Al Maktoum Solar Park (the “DEWA phase V Project”) will achieve commercial operation in October 2022. Jinko Solar, as the sole solar module supplier for the DEWA phase V project, supplied its advanced bifacial solar photovoltaic power generation technology to Shanghai Electric Group. The installed capacity of the DEWA phase V project is approximately 1000MW and divided into three phases (A/B/C and each 356MW). Shanghai Electric was appointed as the EPC Contractor in July 2020 and soon entered into the Module Supply Agreement with Jinko Solar for the supply of 1GW solar modules. The first phase of DEWA Phase V was delivered and commissioned in July 2021 and currently, phase A is in excellent operating condition.

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