Financial Closure Attained by ACWA Power for 200MW Kom Ombo Solar Project in Egypt
ACWA Power, a prominent Saudi-listed enterprise renowned as the world’s largest privately-owned water desalination firm and a pioneer in green hydrogen, as well as a frontrunner in driving energy transition, has officially declared the successful financial closure for the 200MW Kom Ombo project. This initiative encompasses a utility-scale solar power plant situated in Egypt. Encompassing a total investment outlay of $182 million, the Kom Ombo facility is poised for commercial operations by January 2024. Key financial backers for this project comprise esteemed institutions such as the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank (AfDB), AfDB’s Sustainable Energy Fund for Africa (SEFA), the Green Climate Fund (GCF), Arab Petroleum Investments Corporation (APICORP), and the Arab Bank.
Gensol Secures Solar EPC Projects Worth 14.08 MWp in Dubai
Gensol Engineering Limited, a distinguished player in the realm of renewable energy and electric mobility, has proudly unveiled its debut international endeavors in the domain of Solar Engineering, Procurement, and Construction (Solar EPC) projects. These remarkable projects have been secured in collaboration with the Dubai Government Workshop Warehouse and Dubai Police, marking a significant stride for Gensol in the global market. The combined capacity of these projects is an impressive 14.08 MWp, representing a substantial order value of ₹101.6 Crores, excluding taxes.
Jordan’s Water Ministry Initiates 24-Megawatt Solar Project
Water Minister Mohammad Najjar announced the initiation of procedures to operate a 24-megawatt solar photovoltaic project in the Disi area. This initiative is being carried out through the Energy Unit (EnU) of the Planning and Management Department. A statement from the ministry, reported by Jordan News Agency Petra, highlighted the successful completion of the BE reverse electrification process, a collaborative venture between the ministry and the National Electric Power Company (NEPCO). At present, comprehensive evaluations are being conducted under the oversight of the independent engineering firm TUV, endorsed by both the Water Authority of Jordan and NEPCO. These evaluations aim to determine the project’s readiness for commercial deployment.
Lebanon City Council Approves $14 Million Solar Array Project For Renewable Energy Expansion
Lebanon is in the process of developing solar arrays on 37 acres of non-developable land within a floodplain situated in the city. The Lebanon City Council has given the green light to a contract worth nearly $14 million with Kokosing Solar, which will oversee the construction of three fixed-tilt solar arrays on city-owned land close to the Glosser Road substation. These solar arrays are projected to produce around 9.8 megawatts of electricity, accounting for approximately 3% of Lebanon’s total electricity requirements. The primary objective behind this initiative, according to City Manager Scott Brunka, is to diversify the city’s energy sources and ensure competitive and consistent cost savings.
Turkcell Group Aims To Achieve 100% Renewable Energy Consumption By 2030
The Turkcell Group, a leading telecommunications company, is taking significant strides towards a more sustainable future by prioritizing energy efficiency and renewable energy sources. The group has announced its ambitious plans to transition its operations towards greater energy sustainability while effectively managing rising energy needs and associated costs. In line with its commitment to sustainability, the Turkcell Group has set a remarkable target to derive 100% of its energy consumption from renewable sources by the year 2030. This strategic move reflects the company’s dedication to reducing its carbon footprint and contributing positively to the environment.
Jordan To Launch JD100 Million Solar Panel Manufacturing Plant Near Queen Alia International Airport
An announcement was made during a panel discussion at the Dead Sea that a solar panel manufacturing plant worth JD100 million will be inaugurated later this year, situated to the southeast of the Queen Alia International Airport. This plant, which falls under the semiconductor sector, is a domestic venture in Jordan and will occupy a land area of 130 dunums. It is anticipated to generate around 520 job openings. The event at the Dead Sea marks a year since the introduction of the national economic and public sector modernization vision by the government. Also, in 2024, Jordan is set to finalize a fresh comprehensive energy strategy, incorporating novel initiatives to amplify renewable energy output and establish green hydrogen power facilities, as per statements from a Jordanian official.
CW Energy Installs 12,326.81kWp Rooftop Solar Power Plant, Advancing Clean Energy In Balıkesir
CW Energy has successfully installed a 12,326.81kWp solar power plant on the roof of a company in Balıkesir, marking a significant step towards sustainable energy. Through this solar power plant, the company is set to make a substantial impact by reducing carbon emissions by about 6,459,865 kg annually, equivalent to the preservation of 975 trees. Volkan Yılmaz, CEO of CW Enerji, expressed his delight in contributing to the growing interest in solar power plants in Turkey. He emphasized their commitment to leveraging the latest technologies and highlighted the importance of solar energy as an environmentally friendly, clean, and sustainable alternative to fossil fuels. Yılmaz pointed out the fortunate geographical position of Turkey for harnessing solar energy and stressed the significance of adopting solar power for a cleaner environment and future.
Oman Signs MoU With South Korea For Green Energy Transition
In a testament to their strong bilateral ties, the Sultanate of Oman and the Republic of Korea have forged a Memorandum of Understanding (MoU) focused on advancing green transformation initiatives. The Ministry of Energy and Minerals of Oman and the Ministry of Environment of South Korea have jointly entered into this agreement to bolster their collaboration in the realm of sustainable and environmentally friendly practices. The MoU was signed by H.E. Eng. Salim bin Nasser Al-Aufi, Minister of Energy and Minerals for Oman, and H.E. Han Wha-jin, Minister of Environment for South Korea.
Enlight Renewable Energy Announces Successful Launch Of Solar And Storage Projects In Israel And Hungary
Enlight Renewable Energy, a prominent global renewable energy platform, is excited to announce the successful launch of two projects. Firstly, the Sde Nitzan project in Israel officially began commercial operations on August 2nd. Marking a significant milestone, this project represents Israel’s largest combined solar and storage initiative and is Enlight’s inaugural storage project to achieve commercial status. This venture encompasses 23 MW of solar capacity along with 40 MWh of storage. Additionally, Enlight has unveiled the commencement of operations for ACDC, a 26 MW solar project located in Hungary. Both projects have adhered to their schedules and budgets for commercial implementation.