The thin-film manufacturer this week signed an agreement with a clothing brand to develop a $1 billion solar thin film industrial park. No details have emerged yet as to how it will be funded or where exactly it will be based.
Two Emirati developers are celebrating landmark deals with a commercial and industrial focus as Yellow Door Energy secures $65 million to expand operations into new markets and Adenium – one of Yellow Door’s backers – prepares to operate the region’s first industrial self-consumption and net metering project.
The Renewable Energy Project Development Office is tendering seven large-scale IPP solar projects. The exercise is part of Round 2 of the Saudi National Renewable program, which is expected to allocate almost 2.2 GW of PV capacity this year.
Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
DEWA projects featured strongly in this year’s accolades but there was also recognition for projects beyond the region and some eye-catching innovations.
In the face of increasingly strident global calls to turbocharge the switch from fossil fuels to clean energy, remarks from the Saudi and Emirati energy ministers in Abu Dhabi this week will do little to encourage hopes the world can contain global temperature rises below 1.5C.
With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables capacity by 2024, as pv magazine editor-in-chief Jonathan Gifford reports.
The Renewable Energy Project Development Office of Saudi Arabia is planning to tender 11 PV power projects with a combined capacity of 2,225 MW this year. The country’s solar target for 2023 has been revised up from 5.9 GW to 20 GW, and that for 2030 set at 40 GW.
Taqnia Energy, a subsidiary of the Saudi Technology Development and Investment Company, has announced the completion of the first 10 MW phase of the Layla Solar Plant. The facility will cover approximately 10% of the power needs of the province of Al-Aflaj.
The Saudi oil company has started manufacturing activities at its $40 million facility in the Hail Industrial City. The factory is being run by the group’s unit, Saudi Specialized Products Company (SSPC).
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