Mumbai: Taking advantage of the Govt of Goa’s facility for net metering that facilitates the storage of surplus solar energy generated in the grid, the Goa Institute of Management (GIM) has installed a 675 kW solar power plant (90% of its registered Max Demand) at its Sanquelim campus in Poriem, Sattari Taluka. The facility constructed […]
Saudi firm harnesses power from the sun
DUBAI: In the past decade, the world has witnessed a pressing need for a major transformation from conventional energy sources to renewables starting with planned efforts in limiting the global temperature from rising to 2.0ºC (3.6˚F) for the present century. A number of producer economies have recognized the need to diversify their energy production while […]
Saudi Arabia’s bold plan to rule the $700 billion hydrogen market
As governments and industries seek less-polluting alternatives to hydrocarbons, the world’s biggest crude exporter doesn’t want to cede the burgeoning hydrogen business to China, Europe or Australia and lose a potentially massive source of income. Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the […]
Saudi energy ministry says solar PV systems ‘ready’ to produce electricity
The economic feasibility of installing the small-scale solar PV systems will be studied RIYADH: Saudi Ministry of Energy announced that small-scale solar photovoltaic (PV) systems are ready to produce electricity for consumers’ houses and enterprises, to be later connected to the Kingdom’s grid, Saudi Press Agency reported on Tuesday, citing a ministry statement. The economic […]
Saudi Electricity’s illiquid bonds unmoved by debt reduction plan
“There are a lot of reforms and structural changes happening. These will take time to assess and deliver value,” Khalid Howladar, head of credit and sukuk advisory at RJ Fleming, told Reuters DUBAI: Saudi Electricity Company’s bonds due in 2030 were trading at around 2.2% on Wednesday, flat compared to when the kingdom’s electric transmission […]
Saudi researchers launch solar-powered cooling project
RIYADH : King Abdullah City for Atomic and Renewable Energy (KACARE) has launched a project designed to demonstrate the effectiveness of renewable energies. Specifically, it aims to show how solar thermal technologies can be used in industrial processes, in particular to power cooling systems. It is part of the second round of an initiative launched […]
Saudi firm eyes investment in CambodianCambodian energy sector
Saudi Arabia’s ACWA Power is eyeing to invest $10 billion in 10 countries this year, including Cambodia, its CEO said on Saturday. ACWA Power: which is backed by Saudi Arabia’s sovereign investment fund – already holds substantial assets in 12 countries and has bid for renewable energy projects in Cambodia, among other countries, Paddy Padmanthan […]
Saudi-French Partnership to Invest SR 200 Million in Manufacturing Advanced Solar Panels
The Saudi Arabian General Investment Authority (SAGIA) witnessed today the signing of a joint venture agreement in the field of energy between the French international company “Optimum Tracker” specialized in manufacturing solar energy tracking devices with providing them for solar energy stations and Al-Rasheed Petroleum Investment Company, a Saudi company specialized in the fields of […]
Partnerships in Saudi and Australia plan future of long-duration flow battery deployment
With Saudi Arabia’s major renewable energy uptake plans in years to come and Australia’s battle with grid stability due to renewables penetration, two partnerships have been formed to use flow battery technology and its long duration energy storage capabilities to support the network. Grid issues in Australia hit global headlines in recent years, resulting in […]
Shanghai Electric Signs MOU with Saudi’s ACWA Power to Co-develop Global Solar Projects
The MOU marks an expansion in Shanghai Electric’s operations in Belt and Road Initiative countries. Represents a further step towards ACWA Power’s goal of generating electricity capacity of 150GW of Power by 2030. DUBAI, United Arab Emirates: Shanghai Electric Group Co., Ltd. (“Shanghai Electric” or “the Group”), a leading multinational power generation and electrical equipment manufacturing […]
