Hydrogen Oman (Hydrom) and thyssenkrupp nucera have inked a Memorandum of Understanding (MoU) to support the expanding green hydrogen sector in Oman. The key aspects of this collaboration and future deals include identifying the potential for localisation and exploring service hubs for water electrolysers opportunities.
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Egypt’s General Authority for Investment and Free Zones (GAFI) has partnered with Polish company Hynfra to develop a green ammonia production facility with an initial investment of $1.6 billion. The first phase of the plant will be powered entirely by renewable energy, such as solar and wind. Surplus electricity will contribute to Egypt’s national grid, while the facility will export its output to the European Union under long-term agreements.
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ABO Energy has sold the rights of two battery energy storage systems (BESS) in South Africa to French Électricité de France (EDF) after developing them into ready-to-build status. EDF was awarded preferred bidder status for both projects on November 30, 2023 in the first bid window of the Battery Energy Storage Independent Power Producer Procurement Programme.
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Masdar and SOCAR Green have secured financing for two solar projects in Azerbaijan: 445 MWac in Bilasuvar and 315 MWac in Neftchala. The European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), and Asian Infrastructure Investment Bank (AIIB) are backing the projects, with total costs exceeding $600 million.
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Voltalia and TAQA Arabia, have inked a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity to repower the Zafarana wind farms. This partnership aims to revitalise the 545 MW wind farm. Furthermore, this partnership will implement a 3 GW hybrid solution combining 1.1 GW of wind power and 2.1 GW of solar power.
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The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch entrepreneurial development bank (FMO), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have jointly announced an investment of €84 million in two photovoltaic solar plants with battery storage systems in the Kolda region of southern Senegal. These projects will be operated by Axian Energy.
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ACWA Power announced that its Redstone Concentrating Solar Power (CSP) plant in South Africa has achieved 50 MW and is poised to reach its full 100 MW capacity shortly. The successful synchronisation of Redstone CSP to South Africa’s national grid was achieved in collaboration with Herlogas and SEPCOIII. This project is expected to provide clean energy to nearly 200,000 households, significantly reducing carbon emissions.
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Arctech has secured a major supply agreement for its 1P single-axis solar tracking system, SkyLine II, with China Energy Engineering Group Co., Ltd. Under this agreement, Arctech will deliver 2.3 GW of SkyLine II solar trackers for the PIF4-Haden project, owned by ACWA Power. The project, aligned with Saudi Vision 2030, is expected to enter commercial operations by early 2027.
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Hithium Energy Storage Technology Co. and MANAT announced the formation of their joint venture (JV). This collaboration aims to combine Hithium’s expertise in energy storage with MANAT’s local insights to better serve the Saudi Arabian market. The joint venture plans to establish Battery Energy Storage System (BESS) manufacturing facilities in Saudi Arabia, with a targeted annual production capacity of 5 GWh.
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TOYO has announced its plans to build an advanced solar cell manufacturing facility with an expected annual capacity of 2 GW. The company has secured a lease for the site in Hawassa, Ethiopia, leveraging the country’s favourable investment environment, tariff-free benefits, and abundant hydropower resources.
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Gensol Engineering Limited bags a contract from a major sustainable development and clean energy company in the UAE. This contract entails the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems for the facilities of a leading aviation company in Dubai. The total installed capacity for the project is 23.178 MW.
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Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund, securing a €30 million grant to partially fund the project. The total capital expenditure for the initiative is projected at approximately €500 million. The PtX Development Fund aims to support Power-to-X projects in developing and emerging nations.
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CWP Global has partnered with Angolan and German companies to develop a 600 MW green hydrogen project in Angola. The project is being led by Angola’s state-owned Sonangol, in collaboration with German engineering firms Conjuncta and Gauff. The initiative aims to produce green ammonia, with the first phase targeting an annual output of 400,000 tonnes.
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South Africa’s renewable energy projects have received a funding of €400 million announced by the European Investment Bank (EIB) and FirstRand Bank Ltd. This joint effort includes a €200 million loan from the EIB, matched by FirstRand Bank. Moreover the aim of this initiative is to boost solar photovoltaic, wind and energy efficiency projects in the country.
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The Japan Bank for International Cooperation (JBIC) signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC). These agreements amount to approximately $341 million and $130 million, respectively, under the credit line established in July 2024. The loans are co-financed by Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, bringing the total co-financing to $569 million and $217 million, respectively.
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Infinity Power and Masdar have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to provide a long-term supply of renewable energy generated by a significant onshore wind project in Ras Ghareb, located in the Gulf of Suez region. Upon completion, the wind farm will have a capacity of 200 MW and is expected to generate 810,000 MWh annually.
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Envision Energy has formed a joint venture (JV) with Public Investment Fund (PIF) and Vision, sovereign wealth fund of Saudi Arabia Industries to boost wind power growth in the Middle East. As per the agreement, Envision Energy will hold the majority stake in the JV, while PIF and Vision Industries will hold the remaining stake. The JV will focus on manufacturing and assembling wind turbine components, including blades, nacelles, and hubs.
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Sungrow has entered into three energy storage agreements with Algihaz Holding, an investment group in Saudi Arabia. Each project will have a capacity of 2.6 GWh, amounting to a total of 7.8 GWh. The storage projects will be located in Najran, Madaya, and Khamis Mushait, Saudi Arabia. Furthermore, deliveries are set to begin this year. The grid connection for the projects is expected by 2025.
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Larsen & Toubro’s (L&T) renewables division has secured major contracts with a prominent Middle Eastern developer to construct two large-scale solar PV plants with a combined capacity of 3.5 GW. The scope of the orders also covers grid interconnections, including pooling substations and overhead transmission lines. Detailed engineering and initial construction work will begin soon.
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Voltalia, in partnership with TAQA Arabia, signed a framework agreement at the Egypt-EU Investment Conference 2024, which took place on June 29 and 30 in Cairo. Following a MoU signed in December 2022, the agreement aims to develop a cluster that integrates renewable energy and green hydrogen production. The project will be carried out in two identical phases, with each phase incorporating a 500 MW electrolyzer powered by more than 1.3 GW of solar and wind energy.
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