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Masdar Acquires 50% Stake In Terra-Gen Power Holdings II, LLC
Abu Dhabi Future Energy Company PJSC – Masdar (Masdar), a key player in clean energy from the United Arab Emirates, has finalized a deal to purchase a 50% stake in Terra-Gen Power Holdings II, LLC (Terra-Gen), a leading independent renewable energy power producer in the United States. The acquisition, announced today, marks a significant move for Masdar in expanding its renewable energy portfolio globally. Terra-Gen, known for its extensive expertise in renewable project development, financing, and operations, currently operates approximately 2.4 GW of wind and solar, along with 5.1 GWh of energy storage facilities across 32 sites in the U.S.
X-NOOR Secures Solar PV Lease Agreement With John Crane Middle East FZE
X-NOOR, the joint venture between X-ELIO, a Brookfield company and global leader in the renewable energy sector, and DUTCO, a reputable infrastructure, energy, and construction conglomerate with extensive regional experience, has announced a Solar PV Lease Agreement with John Crane Middle East FZE. John Crane is part of Smiths Group PLC, a global industrial technology company listed on the FTSE 100 Index. The 10-year lease agreement between X-NOOR and John Crane Middle East FZE will secure an annual generation of 785 MWh, marking a significant step toward John Crane’s net-zero targets. The Solar PV panels will be located on the rooftop and car park of the company’s regional headquarters in Dubai.
Jordan’s Ministry Of Energy Extends Deadline For Second Azraq Solar Energy Project Tender
The Ministry of Energy and Mineral Resources has declared an extension of the deadline for the tender regarding the construction of the Second Azraq Solar Energy Project. The project aims to further exploit solar energy for sustainable electricity generation. Interested parties now have until April 18 to submit their bids. Underlining the government’s dedication to renewable energy advancement, the ministry specified that the project will be implemented under a “turnkey” contract model. Additionally, upon its completion, the project will seamlessly integrate into the national power grid, functioning as a wholly government-owned entity. The project is not only envisioned to generate electricity from solar energy but also to stimulate investment in the growing solar energy sector.
EU Pledges €7.4 Billion Aid Package To Egypt: Enhancing Energy And More
The European Union has committed a €7.4 billion ($8.1 billion) aid and investment package for Egypt, announced by European Commission President Ursula von der Leyen during the signing of the Joint Declaration on The Strategic Comprehensive Partnership between Egypt and EU in Cairo. The financial assistance spread over three years, consists of €600 million in grants, €5 billion in soft loans, and €1.8 billion in additional investments, primarily aimed at supporting Egypt’s economic and investment plan for the Southern Neighborhood. The grants encompass various areas, including migration management, while the partnership between Egypt and the EU focuses on six key priorities such as political relations, economic stability, and trade.
Abengoa Water Powers Abu Dhabi’s Taweelah Desalination Plant With Solar Energy
Abengoa Water, the water division of the Coxabengoa Group, has announced the successful completion of the final tests for the Taweelah desalination plant in Abu Dhabi. This plant, the largest reverse osmosis desalination facility globally, boasts a production capacity of 909,218 cubic meters per day. Over a span of 30 days, the plant surpassed performance expectations by desalting 204 million imperial gallons per day (MIGD), exceeding planned capacity by 2%. Following the successful tests, the plant has been handed over to the project company, “Taweelah RO Desalination Company LLC,” comprising Emirati companies TAQA and Mubadala, along with ACWA Power, acting as the Promoter.
Turkey Implements $25 Security Deposit On Solar Panel Imports: Ministry Of Trade Takes Action
The Ministry of Trade in Turkey has introduced a groundbreaking initiative to ensure fairness in trade, implementing a $25 security deposit per square meter on solar panel imports from Vietnam, Malaysia, Thailand, Croatia, and Jordan. This measure, effective from March 26, aims to regulate imports of solar panels and address unfair competition practices similar to those seen in imports from China. Importers will now be required to pay a security deposit of $25 per square meter for photovoltaic cells, whether assembled in modules or arranged in panels. This decision follows a thorough investigation initiated on Nov. 25, 2023, to examine the import practices of these solar panels. By imposing such measures, the Ministry of Trade demonstrates its dedication to safeguarding domestic industries from dumping, an unfair practice in international trade where products are exported at prices below their domestic market value.
Dubai Supreme Council Of Energy Advances Green Initiatives In 81st Meeting
The Dubai Supreme Council of Energy (DSCE), led by HH Sheikh Ahmed bin Saeed Al Maktoum, convened its 81st meeting virtually, focusing on sustainability strategies and infrastructure development. In attendance were key figures including HE Saeed Mohammed Al Tayer, Vice Chairman of DSCE, and HE Ahmed Buti Al Muhairbi, Secretary-General of DSCE, along with other distinguished board members. The council reviewed updates on the Demand Side Management Strategy for 2030 and 2050, aiming to reduce water and electricity consumption through various green initiatives. These include green building activities, building retrofits, efficient industrial and government facility operations, and the utilization of treated wastewater and efficient lighting and cooling systems.
UNICEF Launches Solar Healthcare Initiative To Combat Crisis In Lebanon
Amid Lebanon’s ongoing economic and fuel crisis, UNICEF has announced a substantial investment in solar solutions to safeguard healthcare services for children and communities across the nation. The dire situation has severely impacted daily life, especially within the public health sector, hampering the delivery of crucial primary healthcare services. In collaboration with partners like UNDP and WHO, UNICEF is actively supporting the Ministry of Public Health’s solarization efforts as part of a broader strategy to bolster Lebanon’s healthcare system. Over 182 Primary Health Care Centers (PHCCs), 14 Qadaa offices, and the central vaccine warehouse have been solarized since 2023. Additionally, ongoing initiatives include the solarization of 23 dispensaries and other facilities, along with public hospitals like the Turkish Hospital in Saida. |
