Masdar and Malaysia Collaborate to Create Renewable Energy Projects with a Capacity of Up to 10GW
In a historic move shaping the future of Malaysia’s energy landscape, Abu Dhabi Future Energy Company PJSC, widely known as Masdar, has inked a monumental Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA). Under this transformative agreement, Masdar, the UAE’s leading clean energy entity, commits a staggering US$8 billion investment towards developing up to 10 gigawatts (GW) of renewable energy projects. This strategic alliance is poised to significantly bolster Malaysia’s sustainable energy revolution. The collaboration celebrated as a pivotal milestone in Malaysia’s quest for a greener tomorrow, will see MIDA playing a key role in facilitating Masdar’s initiatives. The ambitious project, slated to be realized by 2035, encompasses a diverse array of renewable energy endeavors, including ground-mounted, rooftop, and floating solar power installations, onshore wind farms, and cutting-edge battery energy storage systems.
Bhageria Industries And APM Terminals Collaborate On Solar EPC Project In Bahrain
Bhageria Industries Limited, a prominent player in the speciality chemicals and renewable energy sector, has secured its first international turnkey solar engineering, procurement, and construction (Solar EPC) project in Bahrain. This comprehensive contract with APM Terminals Bahrain encompasses the entire project cycle, including design, engineering, supply, construction, testing, and commissioning, along with a ten-year operation and maintenance commitment. The project has a total capacity of 11.40 MWp and is valued at INR 104.49 crores ($12.57 million), excluding taxes. This development opens doors for Bhageria Industries in a dynamic and untapped market, offering renewable energy solutions with positive impacts on both the Indian and Bahraini markets.
India and Saudi Arabia Bolster Renewable Energy Investment Partnership
In a significant development, India and Saudi Arabia have forged a collaborative agreement to boost investments in the renewable energy sector in each other’s countries. This crucial initiative was announced by Union Power & NRE Minister Shri. R.K. Singh’s visit to Saudi Arabia. During his visit, Minister R.K. Singh engaged in bilateral discussions with Saudi Minister of Investment H.E. Khalid Al-Falih. Following this, Minister Singh addressed a gathering of prominent Saudi business personalities and investors, extending an invitation for investments in India’s burgeoning new and renewable energy sectors. This invitation encompassed key areas such as solar energy, wind power, and green hydrogen. Notably, several major Saudi business entities, including ACWA Power, Alfanar, AWJ Energy, and L&T, participated in the meeting.
Private Sector’s $4.4 Billion Investment In Renewable Energy To Boost Egypt’s Capacity
The private sector in Egypt is currently working on renewable energy projects valued at $4.4 billion, according to the Minister of Electricity and Renewable Energy, Mohamed Shaker. These projects aim to increase Egypt’s renewable power capacity to 10,000 megawatts by 2025. Additionally, Egypt is planning to export around 5.6 million tons of green hydrogen annually, with the goal of capturing 8% of the global hydrogen market. In the ongoing parliamentary session, the Egyptian government will present incentives for green hydrogen projects. Recently, President Abdel Fattah El-Sisi of Egypt held a meeting with Mr Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), during the Eighth Annual Meeting of the AIIB Board of Governors in Sharm El-Sheikh, Egypt.
TCIL Invites Bids for 26 MW Solar Projects at Muscat and Salalah Airports in Oman
In a significant development in the field of renewable energy, Telecommunications Consultants India Ltd. (TCIL) has issued an invitation for bids from eligible parties to establish a pre-tender tie-up for a substantial project in Oman. The project, titled “DESIGN, ENGINEERING, SUPPLY, CONSTRUCTION, TESTING, COMMISSIONING INCLUDING OPERATION AND MAINTENANCE OF 20MW MUSCAT INTERNATIONAL AIRPORT & 6MW SALALAH AIRPORT SOLAR PV PROJECTS ON ASSET LEASE BASIS FOR FIXED TENURE in Oman,” is being undertaken for a prestigious client in Oman.
India and Saudi Arabia Ink MoU for Cooperation in Electrical Interconnections, Green Hydrogen, and Supply Chains
In a significant move, India and Saudi Arabia have signed a Memorandum of Understanding (MoU) during the MENA Climate Week in Riyadh. The agreement, inked between Shri R.K. Singh, the Union Minister for Power and New & Renewable Energy of the Government of India, and Mr Abdulaziz bin Salman Al-Saud, the Minister of Energy of the Kingdom of Saudi Arabia, covers areas such as Electrical Interconnections, Green/Clean Hydrogen, and Supply Chains. The primary objectives of this MoU are to facilitate cooperation in electrical interconnection, promote the exchange of electricity during peak times and emergencies, co-develop projects, engage in the co-production of green/clean hydrogen and renewable energy, and establish secure and resilient supply chains for materials used in these sectors.
Jordan Launches 24MW Solar Power Project
Jordan’s Minister of Water and Irrigation, Raed Abu Soud, has announced the commencement of the commercial operation of a 24-megawatt photovoltaic solar-power project in the Disi area. This initiative, the first of its kind in the water sector, is part of a larger 33-megawatt solar-power project designed to reduce electricity costs by 70% at the Zay water treatment plant and 30% at the Wadi Al Arab water treatment plant. The project is expected to generate 79 GWh of energy in its first year, thanks to advanced solar technology, including bi-facial solar panels and single-axis-tracker systems. The European Union has provided a 30-million-euro grant to fund this project, which will increase Jordan’s renewable energy contribution by 2.5% while supporting water services.
UNDP Initiates Tender For Solar Projects In Yemen
The UN Development Programme (UNDP) has initiated a series of competitive bids for the procurement, setup, and activation of four distinct solar project categories in Yemen. Power producers have until October 30 to present their proposals.
Category 2: A comprehensive solar street lighting initiative that encompasses lanterns and torches.
Category 3: Solar-powered water pumping systems.
Category 4: On-surface PV systems with installed capacities spanning from 20 KW to 300 KW.
The “all-in-two” solar street lighting system (Lot 2) involves an “LED luminary (LED, MPPT, and a battery of specified capacity)” in addition to mono-crystalline or polycrystalline PV modules mounted on top of lighting poles. It also necessitates “module mounting structures and brackets” to support continuous operation from dusk till dawn, as specified in the Lot 2 tender documentation.
Jordan’s Ministry Of Energy Advances Energy Efficiency And Renewable Initiatives
The Ministry of Energy and Mineral Resources in Jordan has undertaken a series of projects aimed at enhancing energy efficiency and rationalizing energy consumption across various governorates and sectors. These initiatives are carried out through the Fund for Promoting Renewable Energy and Energy Conservation and the Directorate of Electricity and Rural Electrification. Since the launch of the Renewable Energy and Energy Efficiency Program in 2020 until the end of 2022, significant progress has been made. Notably, 4,570 solar cell systems have been installed in homes, with 750 systems implemented in 2022. Additionally, 1,625 solar heater systems for homes were installed, with 520 systems deployed in 2022.