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Gstar Signs MoU for 2GW Solar Module Project in UAE

by Madaline Dunn
written by Madaline Dunn

Gstar has signed a Memorandum of Understanding (MoU) with a Siraj Group-led consortium for a 2GW solar module manufacturing project.

Through the strategic partnership, Gstar will collaborate with the consortium led by Siraj Group, Galaxico and Stark Consulting, with construction on the solar module project expected to begin in November.

The Gstar Middle East expansion comes amid steady growth for the photovoltaic market, with demand potentially reaching 29-35GW by 2027, according to Infolink statistics.

The company said in a statement this week that the UAE’s position as a trade centre between Europe, Asia, and Africa and its role as the “logistics centre” of the Gulf region will provide the company with a strategic platform to expand into European and even North American markets.

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EnergySpecial Reports

IISD: Out With the Old, Slow With the New | CETP Report

by Madaline Dunn
written by Madaline Dunn

At COP 26 in Glasgow, 39 countries and public finance institutions joined the Clean Energy Transition Partnership (CETP), pledging to end international public finance to fossil fuels in a world first.

This week, the International Institute for Sustainable Development (IISD) launched its new report, Out With the Old, Slow With the New, analysing the progress made by CETP signatories regarding finance for both fossil fuels and clean energy a year after the implementation deadline.

The report finds that:

  • Most CETP signatories have eliminated or considerably reduced their international fossil fuel financing.
  • Collectively, signatories cut their international public finance for fossil fuels by up to two-thirds since signing the agreement, with USD 5.2 billion sent to the fossil fuel sector in 2023.
  • Signatories are not increasing renewable investment at the same scale.
  • In 2023, CETP members delivered USD 21.3 billion in clean energy, up just 16 per cent from the pre-CETP baseline.
  • Most of it went to developed countries, with Spain, Germany and Poland the biggest recipients.
  • The reduction in fossil fuel financing is supported by robust policies adopted by nearly all CETP members.
  • Some CETP members either failed to update their policies (Portugal, the United States) or partially restricted fossil fuel finance but left big loopholes (Switzerland, Italy).
  • All signatories have more work to do to align their clean energy financing policies with the ambition of the CETP.

The report also makes a number of recommendations, including:

  • Those who have not yet done so should adopt fossil fuel exclusion policies across the full supply chain and ensure they apply to all institutions and agencies providing international energy finance.
  • The report notes that this should employ definitions of “limited and clearly defined exceptions” and “unabated” that do not allow for further fossil lock-in, including for gas.
  • Adopt ambitious and quantitative targets for rapidly scaling up good-quality public finance for clean energy, with exclusions for unproven solutions like blue hydrogen and carbon capture and storage.
  • Provide support on fair terms and for those who need it most, with grants and highly concessional instruments for lower-income countries.
  • Update national and institutional policies and strategies to prioritise international support for clean energy.
  • Match international policies with domestic climate leadership by ending domestic fossil fuel finance and subsidies, banning new licences for oil and gas production, and phasing out fossil fuel extraction on a globally just and 1.5°C-aligned timeline.

Read more here.

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EnergyLatest News

DEI Completes Rooftop Solar Power Generation Project

by Madaline Dunn
written by Madaline Dunn

DUBAL Extrusion Investment (DEI), a wholly owned subsidiary of DUBAL Holding (DH), has announced the completion of its rooftop solar power generation project (phase I) at OSE Industries, a local aluminium extrusion company owned by DEI.

Executed by Emirates Electrical Engineering LLC, the project, which went live at the beginning of July, has a rated capacity of 633 kilowatts peak (kWp), DEI said in a statement this week.

The system is expected to generate 1.1 gigawatt-hours (GWh) of clean electricity annually, producing up to 12 per cent of OSE Industries annual electricity power needs.

Phase II of the project, covering the remaining buildings and service areas, is currently planned to be commissioned in 2025.

The solar power generation project has been executed under a Solar Lease Agreement.

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EnergyLatest News

Worley to Commence FEED for Green Ammonia Projects in Morocco in 2024

by Madaline Dunn
written by Madaline Dunn

Australia-headquartered global engineering services company Worley is set to begin Front-End Engineering Design (FEED) work on Tarfaya, the world’s first Power-to-X green ammonia program, in Morocco, according to its annual report.

The project includes a transmission grid, hydrogen and ammonia plants and storage facilities and a temporary camp for 30,000 workers powered by wind and solar energy.

Delivery is being led by JESA, a joint venture between OCP Group and Worley, with Worley executing FEED.

Work is set to commence in September 2024.

Following this, work will progress to engineering, procurement and construction management (EPCM).

The project is expected to be operational in 2027 and is anticipated to produce one million tonnes of green ammonia per year, with the potential to increase to three million tonnes per year by 2032.

Alongside the Tarfaya project is the Jorf Hydrogen Project (JH2P), an industrial-scale green ammonia project.

Delivery of this project is being led by JESA in Morocco and Worley’s team in Spain and is currently in pre-FEED.

FEED and detailed design are expected to commence in November 2024, the annual report shared, and when complete, will progress to EPCM.

The project is expected to be completed in 2026.

The project will include a multi-technology hydrogen facility that will power an industrial-scale green ammonia plant delivering 100,000 tonnes per year.

Back in 2022, OCP Group launched a $13 billion Green Investment Strategy, centred on increasing mining and fertiliser production capabilities will achieving “carbon neutrality” by 2040.

The Group is one of the biggest importers of ammonia in the world.

In June last year, the company told Reuters that its Tarfaya project in southern Morocco is part of its broader plans to “reinforce its domestic supply chain.”

In other news, this week, energy firms Topsoe, Skovgaard Energy and Vestas inaugurated a 5,000-tonne-per-year green ammonia plant in Denmark, reportedly the world’s first plant of its kind.

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FinanceLatest News

Hodler Investments, GEWAN Holdings to Set up $ 500m DEI Fund

by Madaline Dunn
written by Madaline Dunn

This week, UAE-based firm Hodler Investments announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund.

Subject to compliance and regulatory approval, the close-ended exempt Fund will facilitate investment in utility-like income-generating assets and distributed energy infrastructure for compute applications that adopt methods for carbon capture, storage and utilisation, the company said in a statement.

According to the firm, the DEI Fund’s investment mandate covers the entire digital energy value chain, including sectors such as clean energy, power generation (IPPs), data mining (ASICs, GPUs, etc.) for blockchain, Decentralised Physical Infrastructure (DePIN), AI, cloud, and other compute cluster applications, with a focus on achieving zero-emissions across “the majority” of the Fund’s portfolio.

“We are confident in our initiative to unlock natural wealth for all stakeholders including communities,” said Ahmed Ebrahim, Managing Director, Hodler Investments, adding: “The Digital Energy Infrastructure Fund is capitalizing on an existing pipeline of deals and projects that have been vetted by our qualified team of professionals backed by almost a decade of industry expertise and long-standing relationships with institutional stakeholders across the Middle East, Asia and North America.”

The company outlined in its statement this week that the new fund aims to utilise technologies such as blockchain, AI, digital asset mining and other solutions combined with energy resources to “strengthen the feasibility” of sustainable energy infrastructure to meet growing compute power demands while contributing to power grid stability for “more equitable energy systems globally.”

The Fund will also allocate capital investments towards vertical technology startups operating platforms and software that add value to the Fund’s portfolio.

It seeks to acquire early to growth-stage modern software technology companies active in digital infrastructure and software applications that support the development and growth of financial technology (FinTech), decentralised finance (DeFi), Web3, blockchain, and AI, the company noted.

“Given recent advancements in UAE regulations around digital assets and more specifically the recent landmark steps by the UAE’s financial jurisdictions to enact favorable laws for digital assets and AI sectors, we see improved investor sentiment for this type of asset class,” added Amer Al Osh, Chief Development Officer, Gewan Holding.

HODLER has appointed and engaged Ento Capital Management Ltd to advise on, structure, establish and manage the DEI Fund.

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EnergyLatest News

ACWA Power’s NOMAC Inks Deal with National Institute of Metrology of Uzbekistan

by Madaline Dunn
written by Madaline Dunn

ACWA Power’s wholly owned subsidiary NOMAC has signed a Memorandum of Understanding (MoU) with Uzbekistan’s Agency for Technical Regulation to equip the Uzbek National Institute of Metrology with calibration services for measuring instruments used in renewable power plants—specifically wind and solar—in the Republic of Karakalpakstan, an autonomous republic of Uzbekistan.

NOMAC Sirdarya Operation and Maintenance Services will equip a laboratory complex in the National Institute of Metrology branch in Karakalpakstan with high-precision measuring instruments and related services, it was shared, with an investment value of USD 1.7 million.

The signing ceremony took place within the framework of the ACWA Power team’s visit to Nukus to participate in the groundbreaking ceremony for the Beruniy Wind IPP project.

The wind project includes a 200 MW wind power plant and 100 MW battery energy storage system (BESS) in the Beruniy Region of Karakalpakstan.

ACWA Power has planned to make “significant investments” in the Republic of Karakalpakstan, it said, including Kungrad 1, 2, 3, and 4 wind projects with a combined capacity of 2 GW, the 100MW Karatau Wind IPP, and the 5GW Aral Wind IPP, amounting to over USD 8.4 billion of investments.

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EnergyLatest News

Yellow Door Energy Commissions 14 Solar Power Projects in H1 2024

by Madaline Dunn
written by Madaline Dunn

In the first six months of 2024, Yellow Door Energy commissioned 14 solar power plants across the UAE, Bahrain and Oman, adding 20 megawatts-peak (MWp) to its portfolio, according to a company statement this week.

The solar power plants feature 46,000 solar panels, utilising rooftop solar, ground-mounted solar and carport solar applications.

“Our rapid execution and delivery are a testament to seamless collaboration among our team members and contractors, and the support of ambitious governmental Net Zero targets,” said Crane.

“I extend my sincere thanks to all who have worked tirelessly to accelerate the Just Transition. This is only the beginning, as we have numerous projects planned for construction throughout the rest of 2024,” he added.

Yellow Door Energy noted that it has over 240 MWp of projects in various stages of operation, construction and planning, developed through solar leases or power purchase agreements (PPAs)

According to the company, five operating projects in Oman were also acquired in the first half of the year, with a total capacity of 3.5 MWp, while USD 28 million was raised in debt financing, building on the company’s USD 400 million in equity raised in 2022.

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EnergyLatest NewsTransportation

Kawar Energy, Huawei Partner on EV Supercharger Installation

by Madaline Dunn
written by Madaline Dunn

Huawei and Kawar Energy have formed a strategic collaboration to install Huawei’s superchargers at Manaseer gas stations across Jordan.

Spanning two years, the MoU also outlines future plans for both companies to explore additional business opportunities beyond gas stations.

Eng. Firas Alkhatib, CEO of Kawar Energy, called the partnership a “significant step forward for the energy sector in Jordan.”

“We are confident that this partnership will play a pivotal role in advancing the country’s EV infrastructure,” added Alkhatib.

Indeed, this comes in response to an uptick in demand, with EV sales on the rise in recent years, and the country coming out on top for the highest share of EV sales in the Middle East in 2023.

Zhang Shizhe, General Manager of Huawei Jordan, said that the superchargers partnership will help accelerate the adoption of electric vehicles across the Kingdom.

“Huawei’s commitment to cutting-edge ICT technology, combined with their innovative solutions in smart renewable energy and digitalization, ensures we are equipped to meet the evolving energy needs of Jordan efficiently and sustainably,” said Alkhatib.

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EnergyInnovation & EducationLatest News

German Lithium-Sulfur Battery Company theion Launches in Gulf

by Madaline Dunn
written by Madaline Dunn

German lithium-sulfur battery company theion has launched a representative office in the UAE’s commercial hub of Dubai, as part of its Gulf expansion plan.

theion, which launched back in 2020, utilises sulfur, an industrial waste product and by-product of the region’s oil industry, for its battery technology.

In its announcement, the lithium-sulfur battery tech startup shared that it plans to work in collaboration with universities, contributing to R&D, while working with industry to streamline sourcing, and with corporates to scale cell production.

In an interview with ESG Mena earlier this year, when speaking about theion’s expansion into the Arab region, Dr Ulrich Ehmes, Chief Executive Officer, discussed the company’s plans to establish an R&D centre staffed with material scientists to serve as a “nucleus for further growth.”

“Around this centre, we aim to build an ecosystem conducive to mass-producing batteries locally and for global distribution,” he noted.

This week, commenting on the company’s Gulf launch, Dr Ehmes called the UAE office the “logical next step” in its Gulf expansion.

“Not only is the energy transition a central focus of the Gulf states, but the business environment is excellent; regional economies continue to grow as well as talents and resources are being available,” he said.

Adding: “Here in the Gulf, we see a compelling vision for the future, the drive to make that vision a reality, and sulfur in abundance.”

According to the battery company, with its technology, it also aims to meet the “fast-growing global demand” for electric flying and other emerging use cases.

“By accelerating battery innovation from the Gulf region, theion will also foster talent growth and job creation and help make the energy transition a reality,” the company said in a statement this week.

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EnergyLatest NewsUncategorized

KAHRAMAA Launches “BeSolar” Service for Distributed Solar Energy Systems

by Madaline Dunn
written by Madaline Dunn

Qatar General Electricity and Water Corporation (KAHRAMAA) has launched BeSolar, a new service for installing distributed solar energy systems.

Explaining how the service works, KAHRAMAA said in a statement: “When electricity is generated from solar panels, it is first used to meet the customer’s needs, and the surplus is then sent to the grid.”

A bidirectional meter then measures the amount of surplus electricity sent to the grid, and KAHRAMAA will deduct the value of the surplus electricity from the next bill, it said.

A distributed solar energy policy and a net billing program have been developed to encourage installation in customers’ homes, farms, Ezab, and factories, the entity explained.

According to KAHRAMAA, the service aims to achieve the goals of Qatar National Renewable Energy Strategy, Qatar National Vision 2030, and the Third National Development Strategy (2024-2030).

KAHRAMAA also announced the opening of registration for qualifying contractors and license them to install distributed solar energy systems.

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