Category: Big Moves Middle East and Africa

Meridiam join forces with EBRD for renewable energy development in Egypt

Meridiam join forces with EBRD for renewable energy development in Egypt

January 28, 2025 | , ,

Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt. This partnership will specifically focus on the development of wind and solar energy projects. Furthermore, the first project that will be developed under this agreement is a 1.1 GW wind power plant.

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Sembcorp inaugurates 588 MW solar project in Oman

Sembcorp inaugurates 588 MW solar project in Oman

January 22, 2025 | , ,

Sembcorp Industries (Sembcorp) has inaugurated its Manah 2 Solar Independent Power Project in Manah, Oman. The project has an installed peak capacity of 588 MW. It is Sembcorp’s first greenfield renewables development in the Middle East. The project is backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company. Furthermore, when fully commissioned, the project is expected to produce 1.5 million MWh of clean energy annually.

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EWEC issues RFP for 1,500 MW solar power project in UAE

EWEC issues RFP for 1,500 MW solar power project in UAE

January 13, 2025 | , ,

Emirates Water and Electricity Company (EWEC) has issued a request for proposals (RFP) to pre-qualified companies for the development of the Zarraf Solar PV Independent Power Producer (IPP) project. The project is located in the Al Zarraf area of the Al Dhafra region and will have a 1,500 MW power generation capacity. Furthermore, the RFP is being issued to bidders who successfully completed the qualification process following the Expression of Interest (EOI) stage in October 2024.

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ACWA Power and HAU Energy reach financial close for 1.1 GW wind farm in Egypt

ACWA Power and HAU Energy reach financial close for 1.1 GW wind farm in Egypt

January 6, 2025 | , ,

ACWA Power and its partner HAU Energy (a subsidiary of Hassan Allam Utilities) have achieved financial close for the 1.1 GW Suez Wind Farm in Egypt. This project secured a     $ 703.6 million senior debt facility from a consortium of banks. These were namely the European Bank for Reconstruction and Development (EBRD), the African Development Bank (AFDB), the British International Investment Corporation, and the Arab Petroleum Investments Corporation (APICORP).

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EWEC gives approval for 4.6 GW of renewables projects in Abu Dhabi

EWEC gives approval for 4.6 GW of renewables projects in Abu Dhabi

December 30, 2024 | , , ,

EWEC (Emirates Water and Electricity Company) has announced approval for the allocation of four new sites for renewable energy projects in Abu Dhabi. These sites span approximately 75 square km and are designated for the development of advanced solar photovoltaic (PV) and wind energy facilities. Furthermore, these four sites will have three new solar photovoltaic (PV) plants in Al Faya, Al Khazna, and Al Zarraf, along with a wind farm in Sila.

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TotalEnergies and OQAE to develop 300 MW clean energy projects in Oman

TotalEnergies and OQAE to develop 300 MW clean energy projects in Oman

December 13, 2024 | , , ,

TotalEnergies has inked an agreement with OQ Alternative Energy (OQAE) to develop 300 MW renewable energy projects in Oman. The generated electricity will be supplied to Petroleum Development Oman (PDO) through long-term power purchase agreements (PPA). The share split between TotalEnergies and OQAE for these projects will be 49 per cent and 51 per cent respectively.

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Azerbaijan concludes first renewable energy auction

Azerbaijan concludes first renewable energy auction

November 26, 2024 | ,

Azerbaijan’s Ministry of Energy has successfully completed its first renewable energy auction, awarding a 100 MW solar power project to Universal International Holdings. The Chinese company secured the contract with a competitive bid of $0.0354 per kWh and will be responsible for designing, financing, building, and operating the solar plant in the Garadagh region, located near Azerbaijan’s Caspian Sea coastline. The facility is expected to begin operations in 2027. 

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VNG AG to import green hydrogen from Algeria

VNG AG to import green hydrogen from Algeria

October 17, 2024 | , ,

VNG AG has signed a letter of intent with Algerian energy firms Sonatrach and Sonelgaz, SNAM, SeaCorridor, and VERBUND. The agreement reflects the commitment of these companies to jointly assess the feasibility of large-scale green hydrogen production in Algeria and its export from North Africa via the proposed “South H2 Corridor” to Italy, Austria, and Germany.

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JinkoSolar and ACWA Power ink 3 GW solar module supply deal

JinkoSolar and ACWA Power ink 3 GW solar module supply deal

October 15, 2024 | , ,

JinkoSolar has signed a supply contract with ACWA Power for approximately 3 GW of photovoltaic modules for the Saudi PIF4 project. The latest contract reflects the implementation of a previously signed framework agreement for global photovoltaic project collaboration. The contract includes two sub-projects within the PIF4 cluster: the Haden and Al-Khushaybi solar power stations. 

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EDF, KOWEPO and Masdar secure funding for 1.5 GW solar project

EDF, KOWEPO and Masdar secure funding for 1.5 GW solar project

September 23, 2024 | , ,

EDF Renewables, Korea Western Power (KOWEPO), and Masdar announced the financial closing of the 1.5 GW AC Al Ajban Solar Photovoltaic independent power producer project in Abu Dhabi. The project company, with EDF Renewables and KOWEPO each holding a 20 percent stake and Masdar holding a 60 percent stake, signed a 30-year power purchase agreement with the Emirates Water and Electricity Company to design, finance, build, and operate the plant. 

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EliTe Solar to build 8 GW solar manufacturing hub in Egypt

EliTe Solar to build 8 GW solar manufacturing hub in Egypt

September 11, 2024 | , ,

EliTe Solar has announced investment plans to build an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility will focus on producing high-efficiency solar cells and module assembly, with a substantial share of the output exported to key markets. This project is valued at over $150 million and will span 78,000 square metres and be completed in two phases

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QatarEnergy plans to build 2 GW solar facility

QatarEnergy plans to build 2 GW solar facility

September 2, 2024 | , ,

QatarEnergy has unveiled plans for a new solar mega project that will more than double the country’s solar energy output. The project will increase Qatar’s PV solar capacity to around 4 GW by constructing one of the world’s largest solar plants in Dukhan, with a capacity of 2 GW. QatarEnergy is a state-owned company responsible for all oil and gas activities in Qatar.

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HDF Energy inks green hydrogen MoU with Tunisian Ministry of Energy

HDF Energy inks green hydrogen MoU with Tunisian Ministry of Energy

August 6, 2024 | , ,

HDF Energy (Hydrogène de France), a developer of large-scale hydrogen infrastructure, has inked a MoU with the Tunisian Government represented by the Ministry of Industry, Mines and Energy to launch a large-scale green hydrogen project in Tunisia. This project, with an initial investment of approximately €3 billion, will service both the European market and domestic requirements. The MoU proposes a large-scale green hydrogen project using 1 GW of wind energy, 500 MW of photovoltaic energy, and 800 MW of electrolysers to produce up to 65,000 tonnes of hydrogen.

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DEME, OQ, and bp partner for green hydrogen project in Oman

DEME, OQ, and bp partner for green hydrogen project in Oman

July 31, 2024 | , ,

DEME and OQ have announced their partnership with bp for the HYPORT Duqm project in Oman, with bp acquiring 49 per cent stake and serving as the operator and equity partner. DEME and OQ will each hold 25.5 per cent. The project is currently in the design phase and is anticipated to begin commercial operations by 2031. The project will generate green hydrogen and ammonia using wind and solar energy, starting with a capacity of about 1.3 GW and potentially increasing to over 2.7 GW.

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KBR to develop renewable energy and green hydrogen plan for Kuwait

KBR to develop renewable energy and green hydrogen plan for Kuwait

July 24, 2024 | , ,

KBR has secured an advisory consulting contract from Kuwait Oil Company to develop a plan for producing 17 GW of renewable energy and 25 GW of green hydrogen across Kuwait by 2050. According to the agreement, KBR will offer consulting services to create a phased plan for deploying significant wind and solar power, as well as incorporating power storage capabilities. This work is expected to be performed over the next 18 months.

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Saudi Power Procurement Company signs 5.5 GW solar PPAs

Saudi Power Procurement Company signs 5.5 GW solar PPAs

June 28, 2024 | , ,

The Saudi Power Procurement Company (SPPC) has inked power purchase agreements (PPAs)  for three solar photovoltaic (PV) projects totaling 5.5 GW in Saudi Arabia. The agreements were signed with a consortium of Acwa Power, Badeel, and Aramco Power. These projects include Haden Solar PV and Al-Muwaih Solar PV, each with a capacity of 2000 MW and located in Makkah Province, as well as Al-Khushaybi PV in Qassim Province, which has a capacity of 1500 MW.

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