SirajPower Completes 2.9MW Solar Rooftop Project At Al Tajir Glass Industries
SirajPower, the leading distributed solar energy provider in the GCC region, has successfully commissioned a 2.9MWp solar rooftop project at Al Tajir Glass Industries’ manufacturing facility in Jebel Ali Industrial Area. The project, now fully operational, is expected to generate 4.6GWh of clean energy annually, offsetting over 2,000 metric tons of CO2 emissions per year, equivalent to nearly 238 million smartphones charged. This project aligns with the UAE’s focus on implementing long-term sustainable practices, as 2023 has been declared as the Year of Sustainability in the UAE. The initiative is also in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to promote sustainable practices and transition towards a greener economy in the UAE.
ADNOC And Baker Hughes Partner To Accelerate Development Of Green Hydrogen
ADNOC and Baker Hughes announced today an agreement to accelerate the development and commercialization of technology solutions for green and low-carbon hydrogen, as well as graphene. The agreement, which follows a strategic technology collaboration agreement signed between the two companies in November 2022, will see ADNOC collaborate with Baker Hughes as a strategic partner to study and pilot, the deployment of innovative solutions from Baker Hughes’ hydrogen portfolio. These include new growth stage decarbonization technologies Baker Hughes has invested in across the graphene, methane pyrolysis and next-generation electrolysis spaces.
Nesma Infrastructure & Technology Awarded Contract For Construction Of 115kV Transmission Line In Saudi Arabia
Nesma Infrastructure & Technology has announced it has been awarded a contract by National Grid for the construction of a 115kV overhead transmission line between Ain Dar & Abqaiq. The 40-kilometre-long overhead line will span more than 30 miles. The SAR 68-million project is expected to be finished in three phases and will involve the construction of 125 telescoping towers. This is an important development for Saudi Arabia’s power transmission industry. Construction of the transmission line between Ain Dar, and Abqaiq will result in a more reliable connection. This will improve the overall efficiency of the electric transmission network of the region.
Lebanon Signs Contracts With 11 Companies For 15 MW Solar Power Plants
A news agency reported that the Lebanese Minister of Energy Walid Fayyad signed contracts with 11 companies in the private sector to build solar power stations with a 15-megawatt capacity per station. Fayyad stated that solar energy produced by the 11 power stations would be sold for different prices. The Bekaa region power plants will charge 5.7 U.S. cents per kilowatt hour, while power plants throughout the rest of the nation will charge 6.27 U.S. cents per kilowatt hour. Fayyad claimed that the prices were cheaper than those charged by Elecricite Du Liban (the state-run power company), which charges 17 U.S. dollars per kilowatt hour.
DEWA Reports AED 5.44 Billion Revenue And AED 763 Million Net Profit In Q1 2023
Dubai Electricity and Water Authority PJSC (DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has reported its first quarter 2023 consolidated financial results, recording quarterly revenue of AED 5.44 billion and net profit of AED 763 million. For the last twelve months, DEWA’s consolidated revenue was AED 27.7 billion and its net profit was AED 8.1 billion. DEWA’s first quarter consolidated revenue increase of 7.3% to AED 5.44 billion was mainly driven by an increase in demand for electricity, water, and cooling services as well as an increase in the revenues of DEWA’s other portfolio of assets. Quarterly revenue growth for electricity, water and cooling services increased by 7.2%, 7.0% and 4.6% respectively. DEWA’s other portfolio of assets grew its revenue by 11.2%.
EWEC To Conduct Its Q2 2023 Clean Energy Certificates Auction
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, announced it will conduct the Q2 auction for Clean Energy Certificates (CECs) in Abu Dhabi, with registration now open and the auction closing on 14 June 2023. As the registrant and auction operator, EWEC is responsible for implementing the CECs scheme, which provides an effective tool for Abu Dhabi entities to demonstrate their commitment to a sustainable future, as well as showcase their tangible steps in reducing carbon emissions and supporting the UAE Net Zero by 2050 strategic initiative. Purchasing CECs allows organisations to track and verify their clean energy consumption, enabling them to decarbonise their operations.
LONGi Launches Solar Academy for Middle East Distribution and C&I
LONGi is delighted to announce the launch of the Solar Academy for Middle East Distribution and C&I, an all-encompassing training program specifically designed to equip sales engineers, installers and personnel from EPC companies with the knowledge and skills needed to excel in the field of solar energy. With the motto “Everyone is the Potential to be a Solar Expert!”, the Solar Academy embodies our commitment to delivering accessible and tailored training to support Middle East companies with the knowledge, skills, and full understanding of solar technologies and LONGi technologies.
ACWA Power Announces Q1 2023 Financial Results With 78% Increase In Net Profit
ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange and a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced its financial results for the first quarter of 2023, a three-month period ending 31 March 2023. Operating income before impairment loss and other expenses for the quarter ending 31 March 2023 increased by 7% from the same period last year and reached SAR559 million. Contribution from both the new projects that came online, and the existing ones including those that were out of operations in the same period last year due to outages increased by SAR175 million. This was partially offset by lower development and construction management services fees, higher corporate general admin expenses, and other income recognised in 1Q2022.
Iran To Establish At Least One Solar Park In Each Province
The head of Iran’s Renewable Energy and Energy Efficiency Organization, SATBA, has stated that his organization intends to establish at least a solar park in every province in partnership with Iran Small Industries and Industrial Parks Organization or ISIPO. IRIB reported that Mahmoud Kamani stated the necessary permits had been issued by the government for some parks, and the first works on one park in Qazvin Province have begun. The SATBA chief announced last month that 110,000 solar power stations with a five-kilowatt (KW) capacity would be built for low-income families in the current Iranian year (which began on March 21). Kamani announced also that the tender to build solar power plants with a capacity of 2,200 megawatts will also be held this year. This is a leftover from the previous year’s plan to construct solar power stations of 4,000 megawatts.
