Trina Solar provides 800 MW of solar modules to the 2 GW Al Dhafra PV power plant in Abu Dhabi
Trina Solar, a leading global PV and smart energy total solution provider is pleased to announce its successful delivery of 800 MW of 210 mm Vertex modules to China Machinery Engineering Corporation (CMEC) for the prestigious Al Dhafra PV Power Plant project. The 2 GW Al Dhafra solar PV plant, located in Abu Dhabi, is set to become one of the largest single-site solar power plants worldwide. The plant was connected to the grid in April this year. Situated approximately 35 kilometres from Abu Dhabi city, the Al Dhafra PV Power Plant boasts a remarkable capacity to generate enough electricity to power approximately 160,000 homes across the UAE, thanks to its deployment of approximately 3.5 million solar panels.
AMEA Power Secures $75 Million Funding Round Led by SoftBank Group
AMEA Power, a rapidly expanding renewable energy developer in Africa, has recently closed a significant equity funding round worth $75 million, led by SoftBank Group Corp. (SBG), a prominent Japanese investment holding company. This milestone marks an important step for AMEA Power, as it represents the company’s inaugural external equity funding endeavor after being privately financed by its founding shareholders, the AlNowais family, for several years. SBG’s investment will enable AMEA Power and SBG to explore a collaborative partnership, aimed at maximizing the value creation of AMEA Power primarily in the AMEA region. Softbank’s funding will be in the form of an all-equity round. Additionally, various international institutional, strategic corporate and financial investors are also considering potential investments.
ACWA Power, EDF Renewables, Marubeni and Jinko Power-JERA Consortium Lead the Pack in Bidding for EWEC’s 1,500 MW Al Ajban Solar PV Project
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 the receipt of four proposals from ACWA Power, EDF Renewables, Marubeni Corporation, and a consortium consisting of Jinko Power and JERA, for the development of the new 1,500 MW, Al Ajban Solar Photovoltaic (PV) Independent Power Project. Al Ajban Solar PV is EWEC’s third world-leading solar power project, making Abu Dhabi home to three of the world’s largest single-site solar power plants. Once commercially operational it will generate enough electricity to power approximately 160,000 homes across the UAE and is expected to reduce Abu Dhabi’s CO2 emissions by up to 2.4 million metric tonnes per year. It will also raise EWEC’s total solar power capacity to approximately 4 gigawatts (AC).
CW Energy Installs 3622.07 kWp Rooftop Solar Power Plant In Turkey
CW Energy, a company known for its innovative approach, continues to make strides in producing its own electricity through the installation of solar power plants on rooftops. In collaboration with a Kütahya-based company, CW Energy has successfully completed the installation of a solar power plant with a capacity of 3622.07 kWp on the company’s roof. This initiative showcases CW Energy’s commitment to clean and sustainable energy efficiency. CW Energy’s collaboration with the Kütahya company not only empowers them to generate their own electricity but also helps them significantly reduce their carbon footprint. By embracing solar power, CW Energy aims to lead the way in promoting clean energy solutions and inspiring others to adopt sustainable practices.
DUTCO And X-ELIO Launch X-NOOR: Pioneering Joint Venture For Clean Energy Development In GCC
DUTCO, a renowned infrastructure, energy and construction conglomerate with extensive regional experience, and X-ELIO, a global leader in the renewable energy sector, have announced the establishment of a groundbreaking joint venture X-NOOR. X-NOOR marks a milestone in the GCC renewable energy industry, leveraging the collective strengths of DUTCO and X-ELIO to spearhead the development, construction, and operation of world-class solar energy projects across the region. Establishing offices in Saudi Arabia and UAE to cover the GCC region, the company is set to develop a diversified portfolio of solar projects, including on-grid and off-grid projects for industrial and commercial facilities, as well as utility-scale solar plants and solar-powered hydrogen plants. Lease or Power Purchase agreements will allow these clients to immediately optimize their electricity costs while reducing their overall emissions footprint over the long term.
Red Sea Global Powers Landmark Red Sea Project With Impressive Renewable Energy Installations
Red Sea Global has recently announced the completion of an impressive renewable energy project. As part of the first phase of the “Red Sea Project,” the company has successfully installed 750,000 solar panels and established five solar stations. These renewable energy installations will exclusively power a collection of 16 hotels, retail and entertainment venues, and supporting infrastructure facilities. One of the solar stations is located near the Six Senses Southern Dunes, the Red Sea Resort, and Spa. This particular resort and hotel, part of the initial phase of the Red Sea Project, holds the distinction of being the first solar-powered establishment among the 16 hotels. The other two solar stations are situated in close proximity to the Desert Rock mountain resort as well as the Sheybarah Resort on Sheybarah Island. Furthermore, two solar stations with higher capacity have been designated to provide power to the remaining resorts and the 15 beach villas situated in Turtle Bay Village.
Iran To Establish Solar Parks In Every Province; Aims For Significant Renewable Energy Development
The head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) has announced plans to establish solar parks in every province of the country within the current Iranian calendar year, ending on March 20, 2024. Mahmoud Kamani stated that these parks are part of the country’s efforts to develop renewable energy sources. Currently, Iran has a total capacity of 1,070 megawatts (MW) from its renewable power plants. Kamani also revealed plans to construct 110,000 solar power plants with a capacity of five kilowatts (KW) for low-income groups this year. Additionally, the tender for the construction of solar power plants with a capacity of 2,200 MW, which was not completed in the previous year, will be held this year.
Abu Dhabi Commercial Bank Expands Focus On Green Financing
Abu Dhabi Commercial Bank (ADCB) has announced the rebranding of its Wholesale Banking division to “Corporate & Investment Banking,” signifying its enhanced range of services for institutions, corporates, and Small to Medium Enterprises (SMEs) across the region. The rebranding reflects ADCB’s growing expertise in structured financing, financial and capital markets solutions, and its commitment to sustainable finance, including green bonds and loans. Under the new Corporate & Investment Banking identity, ADCB offers a comprehensive suite of market-leading products and solutions, ranging from transaction banking and lending services to capital markets advisory and specialist financing. The integration of financial markets solutions further strengthens ADCB’s lending business and enriches its product offerings for corporates, including sustainable finance options.
Masdar and Iberdrola Collaborate to Accelerate Global Renewable Energy Expansion in Anticipation of COP28
Clean energy pioneers from the UAE and Spain met in Madrid to discuss ways to boost renewable energy capacity and support global net-zero goals. Dr Sultan Al Jaber, the esteemed Chairman of Masdar, the UAE’s renowned renewable energy company, convened with Ignacio Galán, the Executive Chairman of Iberdrola, a prominent global clean energy firm, in Madrid. The purpose of their meeting was to explore strategies to enhance renewable energy capacity and provide substantial backing to the global net-zero objectives. In preparation for the upcoming UN climate change conference, COP28, which will be hosted by the UAE in November and December, Dr Sultan Al Jaber has been engaging in productive discussions with leaders from around the world. His objective is to establish strategic alliances and foster consensus in order to implement solutions that can facilitate a fair and inclusive transition to clean energy.
SirajPower And Al Jalila Foundation Partner For 20-Year Solar Lease Agreement
In a significant development for the renewable energy sector in the UAE, SirajPower, the leading distributed solar energy provider in the region, has entered into a remarkable 20-year solar lease agreement with the esteemed Al Jalila Foundation, a renowned healthcare philanthropic organization. This collaboration represents a major milestone in the mission to transform the UAE’s renewable energy landscape. Under the agreement, SirajPower will deliver a clean and sustainable source of power to Al Jalila Foundation, enabling them to reduce their carbon footprint and actively contribute to environmental preservation. The solar project encompasses a comprehensive range of services provided by SirajPower, including the design and installation of solar rooftop and carport systems. With a focus on long-term performance and sustainability, SirajPower will handle financing, operations, and proactive maintenance throughout the entire project lifecycle.
