Middle East & Africa

Saudi Aramco Backs $900 m Solar Project

August 18, 2021 Anand Gupta

Oil and gas giant joins compatriot ACWA Power in 1.5GW Sudair Solar scheme that will be key part of kingdom’s green energy ambitions Saudi Arabian oil giant Aramco has struck a deal to take a key stake in one of the largest solar projects planned in the Middle East . The move represents the state-controlled […]

Middle East & Africa

PROJECTS: Egypt’s TAQA Arabia, Germany’s MAN Energy to Study Green Hydrogen Project

August 18, 2021 Anand Gupta

Pilot project planned to produce green hydrogen to fuel domestic tourist buses in Egypt. Rendering of MAN Energy Solutions’ green hydrogen production system using electrolysers Taqa Arabia handout via Zawya Projects. TAQA Power, a subsidiary of Egypt’s largest private sector energy-distribution group TAQA Arabia, has signed a memorandum of understanding (MoU) with the Germany-based MAN […]

Financial close for 1.5 GW solar PV project in Saudi Arabia

Middle East & Africa

Financial Closure For 1.5 GW Saudi PV Project

August 18, 2021 Anand Gupta

ACWA Power Announces Financial Closure For 1.5 GW Sudair Solar Plant In Saudi Arabia; Saudi Aramco Power Company Joins Project Consortium ACWA Power says Sudair Solar Plant has one of the world’s lowest tariffs for solar PV projects. It has secured financial closure for the project now from a host of banks. ACWA Power led […]

Middle East & Africa

South Africa’s Absa, African Rainbow Launch Renewables Investment Platform

August 14, 2021 Anand Gupta

Johannesburg-based bank Absa Group Ltd (JSE:ABG) has joined forces with clean energy solutions provider African Rainbow Energy and Power (AREP) to create a new African-led renewables investment platform with some ZAR 6.5 billion (USD 443m/EUR 377m) of gross assets. The bank said it would make an initial investment of ZAR 500 million in cash, and […]

Middle East & Africa

Five Solar PV Financing Options For C&I Businesses in South Africa

August 14, 2021 Anand Gupta

With the adoption of solar PV systems by commercial and industrial businesses now mainstream, the most significant consideration for companies is selecting the most appropriate financing option for their project. Charl Alheit, chief investment officer at SolarAfrica, looks at five options: PPAs, fixed roof rentals, lease agreement/equipment rental, upfront capital investment, and bank financing. As […]

Middle East & Africa

South Africa: Boikanyo Solar Power Plant (50 MWp) Starts Commercial Operations

August 14, 2021 Anand Gupta

The Boikanyo solar photovoltaic power plant is starting its commercial operations in South Africa. The plant in the Northern Cape Province has a capacity of 50 MWp. This power is fed into the grid of the state-owned company Eskom. The good news in South Africa’s dynamic renewable energy sector is increasing. The capacity of the […]

Middle East & Africa

SEA President Inaugurates Solar Energy Systems Project in Al Eslah Society

August 14, 2021 Anand Gupta

Manama : President of the Sustainable Energy Authority (SEA) Dr. Abdul Hussain bin Ali Mirza inaugurated the solar energy project in the main building of Al Eslah Society, in the presence of Board Chairman of Al Eslah Society Dr. Abdullatif bin Ahmed Al-Shaikh Dr Mirza said that the project represents one of the national initiatives […]

Middle East & Africa

Iraq Eyes Qatar Gas Import Amid Shortage of Iranian Supply: Report

August 14, 2021 Anand Gupta

Baghdad has plans to import gas from Qatar and other countries to make up for fluctuating supplies from Iran. Iraq is eyeing plans to import gas from Qatar, Turkey, Algeria and Azerbaijan to boost electric power production plants in the country due to a fluctuation in quantities imported from Iran in recent years, an official […]

Middle East & Africa

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, Congratulates UAE Youth And Praises Their Efforts to Build a Brighter Future

August 14, 2021 Anand Gupta

Al Tayer praised the initiatives of the Council to serve the nation, and enhance DEWA’s excellence and global leadership. Dubai, UAE: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) congratulated the youth at DEWA and in the UAE on International Youth Day 2021. In a video speech released […]

Middle East & Africa

Power Developer Signs Dubai Stadium Solar Deal

August 14, 2021 Anand Gupta

Project to install 4,500 solar modules over an area of 10,551 square metres. UAE-based distributed solar energy provider SirajPower has signed a long-term deal with Emirates Group to install a 2MW solar carport at the Dubai Sevens Stadium. SirajPower will undertake the design, installation, financing, long-term operation and maintenance of the solar carport. The project […]