Israel Releases Tender For 100 MW Solar Photovoltaic Project In Ashlim
The inter-ministerial tender committee for solar energy projects has released tender documents for the construction of a 100 MW solar power station using photovoltaic technology near the Ashlim settlement. This project will be developed in collaboration with the private sector under the Public Private Partnership (PPP) method for financing, planning, construction, and operation. The concessionaire who wins the tender will be responsible for these aspects for 25 years before transferring the power station back to the state. The initiative aligns with the government’s goal of achieving 30% electricity production from renewable sources of the total electricity consumption by 2030 and reducing emissions in Israel.
EWEC Calls For Expressions Of Interest For 1.5 GW Khazna Solar PV Project In Abu Dhabi
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, invited developers and developer consortiums to submit an Expression of Interest (EOI) for the development of a new Khazna Solar Photovoltaic (PV) Independent Power Project (IPP), to be located in Al Khazna area of Abu Dhabi. The development of EWEC’s new solar PV project aligns with the company’s strategic plan to build additional renewable energy plants that increase its total solar power generation capacity to 7.3 gigawatts (GW) by 2030.
Kuwait Fund For Arab Economic Development To Provide Second Loan Of $570 Million For Gulf Electricity Interconnection Expansion Project
The Gulf Electricity Interconnection Expansion Project, overseen by the Gulf Cooperation Council Interconnection Authority (GCCIA), represents a collaborative effort among Gulf and regional stakeholders to address rising electricity demands in Gulf states and Iraq. This initiative promises significant technical and economic advantages. It will enhance the capacity, efficiency, and reliability of the electrical network for GCCIA-member nations, ensuring a consistent supply of electrical energy. Additionally, Gulf countries will have the opportunity to commercially benefit from surplus production capacity. Kuwait stands to gain the most from this project, with an expected increase in its electricity network capacity by around 2,500 megawatts. This boost will improve Kuwait’s electrical network’s operational efficiency.
HD Hyundai Electric Strikes $50.8 Million Deal For NEOM City Substation Project In Saudi Arabia
Hyundai Electric, a South Korean company, has secured a significant contract valued at $50.8 million with Saudi Arabia’s Al Gihaz Contracting Company. This agreement is centered around the development of a cutting-edge 380/132kV Substation as part of the ambitious NEOM City project, which is poised to revolutionize Saudi Arabia’s energy infrastructure. In accordance with the contract terms, HD Hyundai Electric will be tasked with providing essential electrical components, including High Voltage transformers, High Voltage switchgears, and Reactors for the newly named NEOM Mountain Bulk Supply Point (BSP) Substation.
Abdul Latif Jameel Partners with AWS and FRV for a Sustainable Digital Transformation with Renewable Energy
Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc., has announced its partnership with Abdul Latif Jameel, a globally diversified conglomerate nearing its 80th year in business. AWS will serve as the preferred cloud provider for Abdul Latif Jameel’s digital transformation efforts, focusing on innovation across key sectors, including mobility, energy, health, and financial services. In addition to this strategic alliance, Fotowatio Renewable Ventures (FRV), a division of Abdul Latif Jameel Global Energy and Environment Holding Company Limited, will supply clean energy capacity to power Amazon’s operations.
Hygenco Green Energies Pioneers Green Hydrogen Projects In The Middle East With Al Jomaih
Hygenco Green Energies, a company specializing in environmentally friendly hydrogen solutions, has announced the signing of a Memorandum of Understanding (MoU) with Al Jomaih Energy and Water (AEW) to explore Green Hydrogen projects in the Middle East region. This significant agreement was formalized during the India-Saudi Investment Forum 2023, a high-profile event organized by the Department for Promotion of Industry and Internal Trade, the Ministry of Commerce and Industry of India, and the Saudi Ministry of Investment, held by Saudi Crown Prince Mohammed Bin Salman Abdulazziz Al-Saud’s official visit to India.