TE H2, a joint-venture between TotalEnergies and EREN Groupe, together with VERBUND has partnered with the Republic of Tunisia to study the implementation of a large green hydrogen project named “H2 Notos” for export to Central Europe through pipelines. H2 Notos plans to generate green hydrogen by using electrolysers powered by large-scale onshore wind and solar projects, with desalinated sea water as a resource.
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Masdar has inked an agreement with Bapco Energies to jointly explore the development and investment in wind projects in Bahrain with a capacity of up to 2 GW. This will be the first project of its kind in the region and the Middle East. This clean energy collaboration will support the Kingdom of Bahrain to accelerate the decarbonization of critical industrial sectors and open avenues to develop new market sectors.
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EWEC (Emirates Water and Electricity Company) has chosen EDF Renewables and Korea Western Power Company (KOWEPO), in collaboration with Masdar as the local partner, to develop the 1.5 GW Al Ajban Solar PV Independent Power Project. The project’s Power Purchase Agreement (PPA) was subsequently signed between EWEC and the stakeholders. This signing event occurred at the World Future Energy Summit.
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Dubai Electricity and Water Authority (DEWA) and Masdar have reached the financial closing on the 1800 MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The solar park’s capacity will exceed 5,000 MW by 2030, with investments totalling approximately $13.61 billion.
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Scatec ASA, a Norwegian renewable power company, has inked a deal to build a 1 GW solar project that will supply clean energy to Egypt Aluminium Company’s facility in Nagaa Hammadi, Upper Egypt. As per the agreement, Egypt’s Ministry of the Public Business Sector announced that the 500 MW solar park will be built in two stages.
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The Saudi Power Procurement Company (SPPC), a company responsible for procuring power in Saudi Arabia, has released a list of eligible bidders for a fifth round of solar projects with a combined capacity of 3.7 GW. The projects were announced as part of the country’s National Renewable Energy Programme, and they include several renowned renewable energy providers.
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Puma Energy has bought a 49 percent stake in MBHE Group, a company that provides renewable energy solutions to customers across southern Africa. Furthermore, key growth opportunities across southern Africa include the installation of solar PV, Battery Energy Storage solutions and off-grid solar PV plants.
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A consortium of Mulilo, a South African independent power producer majority owned by CIP through its Growth Markets Fund I (CI GMF I), and EDF has been finalised as preferred bidder for three battery energy storage projects. A total of five projects were awarded under South Africa’s first Battery Energy Storage Procurement Programme by the Department of Mineral Resources and Energy.
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ACWA Power has signed the framework agreement, following the MoU that was signed on December 7, 2022 to outline the development of the first phase of the green hydrogen project in Egypt. The project will have a capacity of 600,000 tonnes-per-year of green ammonia, with an investment in excess of $4 billion. Further, the project will be scaled up to a second phase with a potential capacity of 2 million tonnes-per-year.
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COP28 has concluded with a final consensus that lays out an ambitious response to the Global Stocktake and puts forward a plan to close the gaps to 2030. It calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs).
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Scatec ASA has started producing and supplying electricity to the national grid from the three Kenhardt plants in the Northern Cape Province, in South Africa. The Kenhardt project is a hybrid solar and battery storage facility. Reportedly, the company invested $1 billion in the project.
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Dubai has launched the world’s largest concentrated solar power (CSP) plant as part of the 950 MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in the UAE. The vice president and prime minister of the UAE launched the project. Three hybrid technologies are included in the fourth phase: 250 MW of photovoltaic solar panels, a 100 MW CSP tower, and a 600 MW parabolic basin complex.
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GreenGo Energy, a Danish clean energy developer has filed an application to the Ministry of Petroleum, Energy and Mines in Mauritania for the development of Megaton Moon green energy park. Furthermore, Megaton Moon is planned for a staged implementation process closing the circular architecture to reach 60 GW/ 190 TWh of hybrid solar and wind generation and 35 GW electrolysis producing 4 million tons of green hydrogen yearly or further processed 18 million tons of green ammonia.
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Masdar, a United Arab Emirates based energy company, has signed a contract with Dubai Electricity and Water Authority to construct and operate the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. It will be constructed with an investment of $1.5 billion. The total energy generation capacity of the solar facility is 1.8 GW.
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South Africa has signed project agreements with additional two preferred bidders appointed under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), in Pretoria for two hybrid projects. Gwede Mantashe, Minister of Mineral Resources and Energy has finalised an agreement of 203 MW with bidders. The projects consist of a combination of battery storage technologies, solar PV and onshore wind.
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TotalEnergies, a French energy giant, has initiated its project for the development of a 1 GW solar park in southern Iraq. The project is one of four contracts TotalEnergies has with the Iraqi Ministry of Oil for facilities in the Basra Governorate for gas, oil, renewable energy, and seawater desalination. Reportedly, TotalEnergies started its four contracts in August 2023.
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Advanced Ionics, a US-based provider of next-generation industrial electrolysers, has raised $12.5 million in Series A from bp and other investors. Some of the other investors include Mitsubishi Heavy Industries, GVP Climate, and Clean Energy Ventures. The funding will aid in the growth of Advanced Ionics, facilitating initial implementation of its Symbion water vapour electrolyser for heavy industry.
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PV Hardware (PVH), a Spain-based global manufacturer and supplier of solar trackers, has announced the signing of a contract with Larsen & Toubro (L&T) for the supply of 805 MW (DC) capacity of solar trackers. The PV project will be situated in Qassim province near Ar Rass city, Saudi Arabia. As a strategic effort for Saudi Vision 2030, the project will be a part of the National Renewable Energy Programme and it will be managed by the Ministry of Energy.
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ACWA Power, a Saudi energy company, and Hassan Allam Holdings, an Egyptian engineering firm, have signed a project agreement to develop a 1.1 GW wind project. The wind project will be constructed in Egypt’s Gulf of Suez and Gabal el Zeit region and will cost $1.5 billion. The project is scheduled to be financially closed by the third quarter of 2024 and operational by the end of 2026.
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Aramco, the largest oil company in Saudi Arabia, plans to generate 12 GW of renewable energy by 2030. The company stated in its most recent sustainability report that it intends to decarbonize the power supply for Aramco’s operations by allocating the renewable energy credits from the investments. Reportedly, Saudi Arabia has a lot of potential for using solar energy because it receives over 300 days of sunlight annually.
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