# Energy Transition in the Middle East: A Focus on Solar Energy Development

## Introduction

The Middle East, traditionally synonymous with vast oil wealth, is undergoing a significant transformation in its energy landscape.

As global climate concerns intensify and the world moves toward decarbonization, several Middle Eastern countries have begun investing heavily in solar energy as part of comprehensive energy transition strategies.

This report examines key national projects, current solar capacity, government incentives, and the economic and climate impacts of these renewable energy initiatives.

## Key National Projects and Solar Capacity

### Saudi Arabia's Renewable Energy Expansion

Saudi Arabia stands at the forefront of the Middle East's energy transition through its ambitious Vision 2030 initiative.

ACWA Power, a leading developer and operator of power generation and water desalination plants, has emerged as a key player in this transformation.

The company's partnership with Huawei Digital Power represents a significant milestone, establishing a joint-innovation program focused on developing cutting-edge technologies that optimize renewable energy efficiency and reduce

# Energy Transition in the Middle East: A Focus on Solar Energy Development

## Introduction

The Middle East, traditionally synonymous with vast oil wealth, is undergoing a significant transformation in its energy landscape.

Title:

Content: Morocco will commission three large solar power plants within a landmark strategy launched in 2009 to boost renewable sources to more than half its energy mix.

Addressing a seminar in Rome on Monday, Prime Minister Aziz Akhannouch said the three new projects are based in the mountainous town of Midelt in central Morocco.

“We have plans to commission three new solar power plants in Midelt in 2027 at the latest…these projects will sharply expand the country’s renewable energy generation,” he said in his comments, published by Hespress and other Moroccan newspapers.

Akhannouch said renewable sources now account for nearly 40 percent of Morocco’s electricity production and the level is poised to rise to 52 percent by 2030.

He also said Morocco counts on its “geographic and strategic” location to become a major producer of green hydrogen.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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Content: Prepared for remote locations.
Pilot projects for solar energy in oil wells
Thursday ، 18 April 2024 07: 00 AM
Solar Energy
Written by Marwa Al Ghoul
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The petroleum sector aims to rationalize the consumption of petroleum fuels and generate sustainable energy through the implementation of projects to generate electricity from solar energy to feed production wells. Two pilot projects have been implemented in the petroleum sector to generate electricity from solar energy to feed production wells.
The most important information was as follows.
The use of modern technologies and in cooperation with major specialized companies.
2- Using solar cell systems to feed wells during the day.
The use of batteries to store energy to provide electric feeding of wells 24 hours.
Studying the results in preparation for the dissemination of the experience to various remote production sites, thus contributing to maximizing the added value and reducing the import of petroleum materials.
6- Eliminate diesel generators completely and achieve optimal environmental and economic returns for companies.
The expansion of the use of renewable energy in the petroleum sector companies is one of the most important axes that are being worked on in order to benefit from petroleum resources in maximizing value added projects and reducing the quantities of diesel used to generate electricity in the petroleum production sites to achieve the optimal operational cost.
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Content: People 's Network > > International
Global Clean Energy Industry Accelerates
Our reporter Liu Lingling
December 12, 2022 07: 44 | Source: People's Daily - People's Daily
Small number
The World Energy Outlook 2022 report released recently by the International Energy Agency shows that as more and more countries begin to accelerate the energy transition, the global clean energy industry has entered a period of rapid development, and renewable energy generation is expected to grow by 20% in 2022.
Thanks to the growth of clean energy generation such as wind and solar, global CO2 emissions are expected to decline to 1% this year from 4% in 2021.
The report also pointed out that although the current energy crisis in many countries has increased the demand for fossil fuels in the short term, in the long term, new energy, especially clean energy, is still the key to solving the human energy problem.
Between now and 2030, global energy demand is expected to grow by about 1% per year, almost all of which will be filled by renewables.
The share of fossil energy in the global energy mix will fall from 80% today to 75% in 2030 and to about 60% by 2050.
At present, more and more countries and regions have formulated renewable energy development goals and plans to accelerate the energy transition.
According to the French government's plan, by 2030, the proportion of renewable energy generation in France will increase to 40%; by 2050, the installed capacity of solar power in France will increase tenfold, and 50 offshore wind farms will be built.
Japan's latest version of the basic energy plan proposes that the proportion of renewable energy generation in 2030 will increase to 36% to 38%.
Egypt ’ s “2035 Comprehensive Sustainable Energy Strategy ” proposes that by 2035, the installed capacity of photovoltaic power generation will reach 43 GW.
The report predicts that in the next five years, the new installed capacity of renewable energy in Europe is expected to reach twice the increase of the previous five-year period, and China will account for nearly half of the global increase.
Governments have actively promoted the implementation of renewable energy policy plans and accelerated structural changes in the energy economy.
Fatih Birol, executive director of the International Energy Agency, said.
In addition, the supply chain of some key equipment and technologies, including batteries, solar photovoltaic and electrolyzers, is expanding rapidly, and the development of renewable energy has accelerated.
Taking solar power as an example, solar panel prices have fallen by 80% in the past 10 years and have become an affordable power generation technology, providing more than 3% of the world ’ s electricity generation in 2021.
The International Energy Agency expects that by 2030, the world ’ s new installed PV capacity will reach 650 GW.
The vigorous development of the clean energy industry will bring a large number of jobs and promote economic growth.
According to the Renewable Energy Agency ’ s Renewable Energy and Jobs: A Review of 2022, there were 12.7 million renewable energy-related jobs worldwide in 2021, an increase of 700,000 in one year.
By 2030, the annual global investment in clean energy is expected to exceed $2 trillion, which is more than 50% higher than the current, and is expected to create more jobs and investment opportunities.
Fatih Birol called on countries to adopt stronger policies to increase investment in renewable energy and strive to achieve the global goal of net-zero carbon dioxide emissions by 2050.
"The world is at a critical stage in the energy transition, and the response measures adopted by countries will open a new chapter in the global energy industry that is cleaner, more affordable and safer," he said.
(Newspaper from Paris)
People 's Daily (December 12, 2022, 16 pages)
(Editor: Hu Yongqiu, Yang Guangyu)
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Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
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Arab Monetary Fund: Growing interest of Egypt and countries in the region in renewable energy
The Arab Monetary Fund (AMF) has confirmed the increasing interest of Arab countries in renewable energy with the aim of diversifying the national mix of energy sources and working to reduce harmful emissions to the environment through the adoption of clean energy technologies and the safe disposal of carbon.
In the 55th issue of its series of introduction booklets entitled “Renewable Energy ”, the Fund stated that the UAE aims to triple its renewable energy production capacity by 2030 and increase the contribution of clean energy in total energy production to 30% by 2030, reaching 38% by 2035.
He pointed out that the Arab Republic of Egypt aims in its integrated energy strategy until 2035 to reach 42% of the total electricity produced in 2035, where the current contribution of renewable energy including hydropower in the total electricity produced is about 12%.
The IMF pointed out that within the framework of Saudi Arabia ’ s National Renewable Energy Program, which is a strategic initiative launched within the Kingdom ’ s Vision 2030, and the Custodian of the Two Holy Mosques Renewable Energy Initiative, the Kingdom aims to increase its share in renewable energy production, balance the local energy mix and meet its commitments to avoid emissions.
The IMF pointed out that Oman ’ s Vision 2040 includes goals related to achieving energy security through diversifying energy sources, increasing reliance on renewable energy, and rationalizing consumption, and aims to increase the proportion of renewable energy consumption in total energy consumption to reach 20% in 2030, rising to between 35% and 39% in 2040.
Qatar National Action Plan for Climate Change 2030
According to the IMF, the Qatar National Action Plan for Climate Change 2030 stressed the importance of expanding renewable energy projects and the integration of renewable energy sources in the energy mix in Qatar is an opportunity to liberalize energy production for export, reduce the amount of oil and gas consumed in desalination and power generation, and reduce greenhouse gas emissions.
The IMF pointed out that the energy management strategy in Tunisia aims to enhance energy efficiency by reducing the national consumption of primary energy by 30%, and the development of renewable energy sources by raising the contribution of renewable energy in electricity production to 30% by 2030, while in Algeria the government ’ s action plan aims to achieve a production capacity of 15,000 GW by 2035 based on renewable energy sources, especially solar energy.
In its comprehensive energy sector strategy for the years 2020-2030, Jordan aims to increase the contribution of renewable energy to electricity generation to 31% in 2030 compared to 21% in 2020, while Morocco ’ s energy strategy aims to increase the share of renewable energies in electricity generation from 20% to more than 52% in 2030.
The IMF pointed out that the rest of the Arab countries such as Iraq, Bahrain, Libya and the United States are working to enhance their use of renewable energy sources, especially solar energy, which Arab countries rely on a lot in light of the Arab region's advantages related to the solar belt that surrounds it, which is characterized by the availability of bright sunlight and heat that extends for long periods during the year.
The Arab Monetary Fund pointed out that the global interest in expanding the use of renewable and clean energy sources, in light of the ongoing challenges related to achieving energy security that have emerged clearly globally on the one hand, and the increasing demand for energy on the other hand, in addition to the growing environmental challenges that push towards the transformation of energy systems to clean, sustainable and affordable energy.
The IMF pointed out that despite the increasing interest in renewable energy, its contribution to the global energy mix remains modest, with several challenges related to the ability of renewable energy to meet the requirements of reliability and sustainability in relation to the availability of certain weather and climate conditions such as intensity and longevity of sunlight and heat, wind speed and water flow strength.

Title:

Content: ECONOMY
Minister of Energy: Saudi Arabia is a global hub for energy
We developed a system for sustainability.
Thank you for reading about the Minister of Energy: a global hub for energy.
We developed a system for sustainability, and now we start with the details.
HRH Prince Abdulaziz bin Salman, Minister of Energy, said: “Saudi Arabia has been and continues to be a hub for energy in the world, and will continue to be a hub for that industry and related industries.
He added during a panel discussion at the Saudi European Investment Forum currently held in Riyadh, that Saudi Arabia is currently in a transitional phase, and we have started a long journey full of incentives, and we are not traditional but modern, and we seek to abide by what we signed in the Paris climate agreement.
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Developing a new sustainable energy system
He noted that Saudi Arabia has developed a new system with a focus on the Paris Agreement, maintaining our commitment to have a sustainable energy system that delivers services, provides a sustainable economy and maintains our commitments over time.
He explained that if we do not care about the sustainable economy, we will lack the capabilities and capabilities that make us care about climate change, and there is no priority at the expense of others, as we look at the circular economy in a holistic way to reach the concept of the circular carbon economy.
Best Energy Program
“We have the best energy program, which is witnessed by the EU and the US, with more efficiency in price and cost, as we try to move from liquids to gas by 50% to rely on renewable energy, while the EU targets only 45%, ” he said.
We need to be aware of this transition and its requirements, with attention to climate change through some arrangements and preparations to focus on carbon emissions in all sectors, as this allows individuals to be at the same level as the Paris Agreement.
Saudi Arabia is a model for others to follow.
He pointed out that Saudi Arabia seeks to be a role model in the circular carbon economy, but we must not forget that a third of the world's population suffers from poverty and lack of energy, pointing out that the Kingdom hosted the Climate Change Week and no one obliged us to do so, but we saw challenges in this event, makes us play a leading role and provide a model for others to follow.
We must speak from a humanitarian and economic perspective to raise the welfare of about 2.2 billion people to promote development and the economy, while developing solutions in a collective, comprehensive and logical manner that takes into account national issues, and provide incubators for the sources of the circular carbon economy.
He added that Saudi Arabia is currently planning the thoughts and minds of young people who are under 30 years old and have potential within the objectives of Vision 2030, and there are no circumstances that stand in the way of achieving the aspirations, aspirations and goals of the younger generations.
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Content: ...
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Economy of Saudi Arabia
Saudi Arabia ’ s energy transition
MJ.
Abdulrahman Al-Nimri
Posted in: Last Updated:
I mentioned earlier that energy is the lifeblood of the economy, the engine of development, and the heart of vibrant development, and in no way can its historical role, its present and future importance, and its close connection with civilization and sustainability be overlooked.
I added that the economic growth of any country is closely linked to its various industries, and the growth and sustainability of the industrial sector cannot in any way overlook the main artery that feeds this important sector: the energy artery.
Rapid population and economic growth necessarily means growing demand for energy, and it also means that the imbalance of the global energy system will undermine this growth that everyone is looking for and fighting for.
The energy mix is an urgent necessity to preserve the depleted sources of energy, and to maintain global energy security and the future fraught with the dangers of energy scarcity and its undesirable, even catastrophic, consequences, God forbid, as the relationship between energy sources must be viewed holistically as an integrative relationship rather than a purely differential and competitive one.
Objectively and without emotion, Saudi Arabia is fully aware that the energy mix is the best solution for sustaining global and local economic growth, and it is certainly aware that the relationship between different energy sources is not a zero-sum relationship in which one energy source should negate or marginalize the importance of other sources.
The follower of the energy sector and its decision makers notes that there is a global trend announced by some countries, but implementation plans on the ground to reach net zero emissions in different time periods, and the time frame for these countries to reach their goals varies between countries according to many factors, including economic, political and others.
In Saudi Arabia, Aramco announced its plan to reach net zero emissions by 2050, and the Ministry of Energy has drawn up a practical and objective roadmap to achieve this, one of the most important features of this map is the generation of about 12 gigawatts per year of renewable energy by 2030, and the production of approximately 11 million tons of blue ammonia annually by 2030 as well.
Saudi Aramco has decided to reduce the use of carbon in oil and gas production by 15%. Carbon and some other gases are used in the process of industrial rejection of oil and gas extraction, where wells parallel to the main production well are injected with a mixture of gases to raise the pressure of the reservoir and reduce the viscosity of oil sometimes, and thus push it through the production pipes.
Saudi Arabia also aims to boost investment in carbon capture and storage technologies to capture and store 11 million tonnes of CO2 per year by 2035.
The journey of energy transformation is not a road of roses, but a thorny road that will face many obstacles and technical and economic challenges, and therefore the journey of transformation in my opinion is a collective journey and a convoy that must be characterized by the highest standards of harmony, objectivity and realistic outlook.
Saudi Arabia is ahead of everyone in reaching the effective equation by raising the efficiency and consumption of all available energy sources in balance, and is aware that the journey of energy transformation is not a short-term speed race, but a long-term endurance race.
* Quoted from "Economic Journal"
Disclaimer: All published articles represent the opinion of their authors only.
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Content: Vision 2030
Energy in Saudi Arabia 8 years after the launch of the vision
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Faisal Al-Fayeq
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The 25th of April is the date of the launch of the Saudi Vision 2030. If we compare the vision to a journey, we have successfully completed the take-off phase with economic reforms and structural changes to achieve the vision ’ s goals and strategies. We will start the gradual decline phase to complete the vision in record time.
I was invited and had the privilege of attending on this historic day, and we do not forget what Crown Prince Mohammed bin Salman said when he presented us with the vision of the present for the future, a vision that reflects the aspirations of all of us and reflects the capabilities of our country, and it became clear that many achievements and successes have been achieved after 8 years of its launch and even before the arrival of 2030.
Saudi Vision 2030 focused on preparing the Kingdom to assume its position in the world of tomorrow as one of the strongest economies in the world, and do not forget the “treatment of oil addiction ”, which was said by His Highness Crown Prince Mohammed bin Salman and we saw it on the ground as a result of efforts launched eight years ago.
With the implementation of the goals of Vision 2030 and the economic correction to reduce dependence on oil as the only source of income, our ambitious vision came with achievements on the ground that qualify us to progress among the 20 strongest economies in the world.
The Kingdom ’ s budget came after the dawn of the vision of a gradually less reliance on oil and prevention of price fluctuations, where reliance on oil price estimates was mainly when estimating financial budgets previously.
Non-oil revenues are the treatment prescribed by His Highness the Crown Prince for the treatment of oil addiction, after the launch of Vision 2030, some ministries and government bodies were restructured in line with the objectives and strategies of this vision.
Indeed, we have seen oil prices decline to negative during the peak of the pandemic, underscoring the crown prince ’ s vision that we cannot rely on a single source of income and must diversify economically.
Non-oil activities in Saudi Arabia during 2023 recorded their highest contribution to the Saudi GDP ever at 50%, based on data from the Ministry of Economy and Planning issued by the General Authority for Statistics, which reflects the success of achieving comprehensive economic reforms on the ground.
– Achievements of the energy sector in Saudi Arabia eight years after the launch of the Kingdom ’ s Vision 2030
With the Kingdom ’ s Vision 2030 leaps in quality, structural changes and enhanced transparency, there is an unprecedented awareness among citizens, who have gone from being recipients of energy information to participating in its dialogues. This shift is in the interest of the sector as the global energy media no longer plays the main role in broadcasting their ideological agendas without resistance or analysis.
Since the establishment of the Ministry of Petroleum and Mineral Resources in the Kingdom of Saudi Arabia in 1960, HRH Prince Abdulaziz bin Salman, since assuming the Ministry of Energy on September 8, 2019, has achieved great achievements and even turned the challenges into historic achievements:
* * Turning the September 14, 2019 attacks on the Abqaiq and Khurais oil facilities from disasters to achievements, after the return of production in record time stunned the world, with the sustainability of oil prices regardless of the largest attack on oil facilities in history.
* * Agreement on the return of production from the divided zone with Kuwait
* * Announcement of the development of the giant Jafoura gas field
* * Agreement to start the implementation of the electricity interconnection project with some neighboring countries
Opec Plus led to biggest production cut in history
The kingdom has saved the world economy in dire straits after leading OPEC and non-OPEC producers to agree on the biggest oil production cut in history and the OPEC + agreement is about to enter its ninth year in a row.
The Kingdom led OPEC + producers to agree on the largest production cut in the history of oil production by reducing 9.7 million barrels per day to absorb the biggest shock of the decline in demand for oil and its derivatives due to the impact of the Coronavirus outbreak to respond quickly to market changes and the decline in global oil demand due to the outbreak of Coronavirus and the need to contain the largest demand shock.
* * Historic success of Saudi Aramco, the world ’ s largest integrated energy company
Four years since Aramco ’ s launch at the end of 2019 have been among the files covered by the Vision ’ s reforms, and this goes beyond the materialistic perspective – which many believe – given the Kingdom ’ s position as the most reliable supplier of oil and the key factor for the stability of the global economy.
Despite the systematic external media attack against the Saudi Aramco IPO and the unfair evaluation of its market value over three years before the IPO, the Saudi Aramco IPO succeeded and achieved this vision and strategy and the vision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman at the stage where the IPO is considered appropriate.
The inclusion of the vision reforms to introduce a small part of “Saudi Aramco ” came at a pivotal time needed by the company to secure its future because it is no longer an isolated system from its external environment and far from continuous monitoring and evaluation, and finally opened the black box as promised by His Highness the Crown Prince.
The launch of a small part of Saudi Aramco came to ensure the sustainability of this giant with the required vitality and efficiency, and this can only be achieved by appearing as a normal commercial company with announced financial statements and a professional management leadership fully aware that there are those who follow them accurately, and an independent board of directors and a public association evaluate and follow up.
Aramco is the most profitable and the least lost during the pandemic
In 2020, IOCs suffered heavy losses that affected future investment in infrastructure by reducing capital spending for exploration and exploration, but this was not the case for Saudi Aramco, which kept infrastructure investments going for key projects.
Aramco ’ s exceptional financial performance is clearly reflected in the fact that Aramco ’ s investors are the safest not only in normal times, but also in crises, after Saudi Arabia proved to be exceptional in crises.
The company has shown similar resilience in recovering from the impact of the COVID-19 pandemic, which has had a catastrophic impact on the energy sector and the global economy.
Amid sharp price fluctuations, its stock remained remarkably stable.
Construction of the world ’ s largest hydrogen plant in NEOM
This will be the world ’ s largest utility-scale commercial facility powered by renewable energy to produce ammonia, green hydrogen, solar and wind energy sources, producing 100% clean energy to power NEOM, not only to reach zero carbon emissions, but also to achieve a circular economy.
Also from the achievements of energy after the launch of the vision:
Saudi Arabia ’ s Realism of Leading the World with Effective Theses of Climate Change
The Kingdom has always been known for its honorable positions and realistic solutions that take into account the interests of all. Unlike the fallacious and unrealistic road map towards zero neutrality developed by the International Energy Agency and adopted by some leaders of industrialized countries without any realism and by placing obstacles to all fossil energy sources, Saudi Arabia has moved in the field of climate change and emissions reduction with a diversified model of energy sources of oil, gas, wind, solar and hydrogen. Other countries have all this diversity of energy sources such as the Kingdom.
Saudi Arabia ’ s initiatives are developing technologies to achieve zero neutrality by 2060 – the initiative launched by His Highness the Crown Prince comes to protect the climate and the environment, which must be taken seriously at UN climate change conferences.
At a time when climate change theorists and fossil fuel demonizers have raised issues of environmental pollution and addressed global warming with unrealistic studies to reduce emissions by simply launching worthless slogans, the Kingdom has introduced real initiatives that began to impact in many regions of the Kingdom even before the launch of the Saudi Green Initiative, through a circular carbon economy with a commitment to adapt to future local, regional and global energy needs.
The Kingdom is beginning a more serious phase in working with the international community to protect the planet and face climate change, culminating in the Green Middle East Summit, which was the first to work in the fight against climate change by contributing to the purification of the lung of the world, which no one has provided effective solutions to purify it, while the Green Saudi Forum came with a package of realistic targets.
The World Economic Forum has defined “energy poverty ” as the inability to access sustainable modern energy services and products.
Saudi Arabia is focusing on the importance of finding realistic solutions to combat “energy poverty, ” an approach we don ’ t hear from major industrialized countries, especially those battling fossil fuels.
The term “energy poverty ” means the lack of access to adequate, affordable, reliable and safe sources of energy to support development.
Insufficient energy means the impossibility of developing agriculture and industrialization, thus keeping poorer countries trapped in a vicious cycle, contributing to malnutrition, unhealthy living conditions, and limited access to education and employment.
Saudi Arabia emphasizes the importance of combating “energy poverty, ” an approach we do not hear from the major industrialized countries, as insufficient energy means that it is impossible to develop agriculture and industry, thus keeping the poorest countries trapped in a vicious cycle of poverty and hunger.
Eliminating fossil fuels requires flexible thinking rather than a one-size-fits-all approach, the goal being to balance sustainable development with the needs of each economy, while unifying the goal should focus on reducing emissions rather than eliminating fossil fuels.
States also have the right to choose the methodology that suits their capabilities and interests, which is a realistic approach because each State has its own circumstances, and what works for one State may not work for another.
Driven by population growth, especially in the Middle East, Africa and Asia, the solution is not to stop using hydrocarbon resources and fighting oil, but through the application of carbon recycling strategies and techniques, thus providing a global approach to international policies in relation to all economies, including developing ones.
* Quoted from the Saudi newspaper "Mal".
Disclaimer: All published articles represent the opinion of their authors only.
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Content: OPEC producer Kuwait is lagging behind in projects to expand the use of renewable energy although it was one of the first Arab countries to comply with UN climate targets, a Kuwaiti newspaper reported on Monday.

Kuwait has announced its commitment to boost renewable energy use  to 1 percent of the total energy mix in 2015 and to 15 percent in 2030, the Arabic language daily Alanba said.

“The total renewable energy use is still far below targets, standing at only around 0.3 percent of the Emirate’s total electricity production,” the paper said, citing a government report.

“Although the International Renewable Energy Agency paid tributes to Kuwait in 2010 for being one of the first countries to endorse the Agency’s creation, measures taken by Kuwait in the renewable energy sector has remained very slow.”

The report said Kuwait’s Electricity Ministry must “give more attention” to renewable energy projects to increase reliance on solar power, noting that one of the region’s largest solar power projects have been very slow.

The report was referring to Shagaya solar power station, which has not been fully completed although it was launched more than 10 years ago.

Shagaya plant, built on 84 square kilometres in the desert location of Al-Shagaya, is approximately 100 km west of the capital Kuwait City and comprises multiple renewable technologies as well as interconnection and site infrastructure.

In February 2019, Kuwait started commercial operations at a 50-megawatt plant, marking the completion of first phase of the project.

(Writing by Nadim Kawach, Editing by Anoop Menon)

(anoop.menon@lseg.com)

Title:

Content: Gulf seeks to win partners in the Pacific
Cairo - Center Gate Thursday 29 June 2023, 06: 45 pm
Gulf oil states are gradually consolidating their influence in the South Pacific, according to AFP experts, following the example of China ’ s “Belt and Road ” plan.
Saudi Arabia and the United Arab Emirates, the world ’ s two largest crude producers, are stepping up efforts to shake off their reputation as lagging nations in the fight against climate change.
The two countries are lavishing money and attention on small, isolated, usually indebted Pacific countries, where sea levels rise and threaten communities living in low-lying coastal areas.
The UAE has spent $50 million.
Businessman Milroy Kenton, who was recently appointed Vanuatu ’ s special envoy to the UAE, said it was clear that Gulf countries were looking for friends in the Pacific.
He told AFP: "There are some good things they see in the South Pacific.
We get a lot of help from them, like from China. ”
The UAE says it has spent $50 million since at least 2015 on infrastructure projects across the Pacific islands, usually focused on renewable energy.
The UAE has funded a wind power plant in Samoa, water storage facilities in the Marshall Islands and solar-powered projects in Kiribati, Tuvalu and the Solomon Islands.
One of the most obvious examples is in the centre of Port Vila, the capital of Vanuatu, where a solar power plant, funded by the UAE, ensures the lighting of the country ’ s parliament.
Kenton said it was among Vanuatu ’ s broader renewable energy projects.
“The relationship is evolving dramatically through clean energy. ”
Pacific islands unite to tackle climate change
Pacific Islands Partnership on Climate Change
A short version of “Belt and Road ”.
Saudi Arabia has sought to establish diplomatic relations with a number of Pacific partners including Tuvalu, Fiji in 2015, Tonga in 2020, Vanuatu in 2022 and the Cook Islands in April this year.
It has established particularly friendly relations with the Solomon Islands, pledging $8 million in June to help it prepare for the Pacific Games in the capital Honiara.
A number of senior officials from Pacific countries flew to Riyadh earlier this year, where they discussed issues such as climate finance with their Arab League partners.
Over the past decade, the roles of Saudi Arabia and the UAE have grown in importance in the international arena.
The two countries have signed high-profile sports contracts and attracted top artists to events in their cities, while the Gulf states have become more influential in their foreign policies.
The two countries have announced remarkable renewable energy commitments, while the UAE surprised everyone by winning the right to host the COP28 climate conference in Dubai later this year.
Jean Le Samaan, a researcher at the Middle East Institute at the National University of Singapore, said: “This reflects the new ambitions of these Gulf countries, which have traditionally been passive players in international relations. ”
In the past decade, it has gradually turned to the Persian Gulf, the Indian Ocean and the Indo-Pacific.
He used what he had – financial resources. ”
“The UAE is more advanced than the Saudis.
They tend to enter these countries, establish strong diplomatic relations, and then return with investments in local infrastructure. ”
Simeon likened the strategy to a watered-down version of China ’ s “Belt and Road Initiative, ” which is based on spending money in developing countries to expand their influence globally.
He told AFP: “It ’ s a miniature Gulf version of a belt and a road. ”
Securing Diplomatic Partners
Financial profit is not the most important motive for these investments, Samaan said, adding: “They want to guarantee diplomatic partners that are in line with their interests later. ”
Despite its small population overall and limited economic clout, the Pacific Islands could provide a valuable diplomatic partnership.
The Pacific bloc represents 12 of the 55 votes allocated to the Asia-Pacific region at the United Nations, which also includes Saudi Arabia and the United Arab Emirates.
Stuart Firth, a Pacific expert at the Australian National University, said “influence comes at a small price ” in small and developing Pacific economies.
He added: “The small amount of aid has a big impact. ”
Matthew Hedges, a Middle East writer and analyst, said that this kind of relationship has also helped Gulf countries polish their climate image, which has long been a major producer of fossil fuels.
Hedges, who was jailed in 2018 in the UAE for spying before being released, said: “It ’ s about improving their reputation and trying to get in line with what ’ s happening internationally.
She ’ s smart in the way she communicates what she ’ s doing. ”
He said the two countries were "pragmatic and long-term goals."
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Content: Achieving 2030 targets will require tripling alternative energy capacity
Achieving 2030 targets will require tripling alternative energy capacity
According to a recent report by the International Renewable Energy Agency (IRENA), governments around the world still need to mobilize to meet their green transformation goals by the end of the decade.
The Abu Dhabi-based agency said countries must triple their renewable energy capacity at a rate of at least 16.4 percent per year to meet the target agreed in COP28.
Last year ’ s 14 percent year-on-year growth in solar and wind power represented a 10 percent increase in the compound annual growth rate (CAGR) for the 2017-2023 period.
The world is now on the cusp of a new phase in which renewable energy surpasses the fossil fuel sector in terms of energy production capacity, but there are still obstacles and challenges that need to be overcome through collective action.
Countries aim to produce 5.4 terawatts of renewable electricity by the end of this decade, less than the amount needed to meet climate commitments.
In its report, IRENA stressed the need to proceed according to its target of halting the temperature rise at 1.5 ° C, which is to reach production of 11.2 terawatts, to avoid the expected deficit of 1.5 terawatts with a delay of 13.5%.
"If the world maintains the same annual growth rate of 10 percent, it will only be able to produce 7.5 terawatts of renewable energy by 2030, about a third behind the target," the agency said.
Francesco La Camera, Director General of IRENA, said: “While the production capacity of renewable energy has significantly outpaced fossil fuels, it is not enough to achieve the desired goals, it requires faster growth and wider deployment. ”
If growth rates continue at current levels, “we will fall behind the target and risk not meeting the goals of the Paris climate agreement and the 2030 Agenda for Sustainable Development, ” he said.
IRENA is committed to monitoring progress and supporting countries in achieving the goal of doubling renewable energy capacity, and La Camera stressed the need to implement effective policies and deploy large amounts of funding as soon as possible so that together we can achieve our goals.
The overall statistics on global alternative energy capacity are not geographically balanced, which contributes to the deepening of the decarbonization gap and hinders the achievement of the goal of tripling renewable energy capacity.
China is seeking to strengthen its position as a world leader in renewable energy, building facilities that produce twice as much wind and solar power as the rest of the world.
According to a study published last week by the US global energy watchdog GEM, Beijing is developing its sustainable energy capacity, currently building facilities that provide 180 gigawatts of solar power and an additional 159 gigawatts of wind power.
The total of 339 gigawatts represents 64 percent of the solar and wind energy currently being generated in the world, nearly double the rest of the world combined.
China follows the United States with 40 gigawatts, Brazil with 13 gigawatts, the United Kingdom with 10 gigawatts and Spain with 9 gigawatts, according to the NGO, which counts fuel, fossil and renewable energy projects in the world.
China ’ s production alone accounts for a third of the total new wind and solar capacity announced by these countries ’ governments and already under construction, “well above ” the global average of 7 percent, the study said.
In terms of power generation, IRENA data for 2022 points to regional disparities in the deployment of alternative energy sources, with Asia accounting for the largest share of global renewable power generation with 3,749 terawatts, followed by North America for the first time with 1,493 terawatts.
The biggest shift was in South America, where renewable power generation increased by 12 percent to 940 terawatts, driven by booming hydropower projects and the growing share of solar power.
With modest growth of 3.5 percent, Africa raised its renewable energy capacity to 205 terawatts in 2022, despite the continent ’ s enormous potential and urgent need for rapid and sustainable growth.
Recognizing the importance of providing support and funding to the continent, the Agency has launched the Accelerated Renewable Energy Partnership in Africa (APRA) initiative, as well as preparing to host an investment forum focused on APRA member states later this year.
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Content: 10: 22 GMT25 October 2021
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Saudi Arabia ’ s energy minister, Prince Abdulaziz bin Salman, has expressed regret that some believe his country will disappear as it runs out of non-renewable energy.
Prince Abdul Aziz was talking about the Kingdom's efforts to shift to renewable energy, especially the production of green and blue hydrogen.
Prince Abdulaziz said: "We have to be honest with the new approach...
I feel sorry for those who think Saudi Arabia is gone, etc. We will work to produce the cheapest electricity on the planet. ”
In response to a question about the next car the prince will drive, he joked: "It certainly will not be an electric car, we are making a new type of diesel Euro 5 (sulphur free) and we have hybrid cars, and the country will make electric cars, which is a sound bet," according to CNN.
He pointed out that the filling stations in Saudi Arabia will be equipped with an area that allows the consumer to charge the car with electric power.
Saudi Crown Prince Mohammed bin Salman announced on Saturday that the kingdom is seeking to reach “zero neutrality ” in emissions by 2060, becoming the second Gulf oil exporter after the UAE to set that goal.
For more news on Saudi Arabia Today, follow Sputnik.
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Saudi Energy Minister: There are 3 things we should not give up
Saudi Energy Minister Reveals Why Gas Supply Shortages
Saudi energy minister says kingdom wants to become biggest supplier of hydrogen
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Content: The Middle East and North Africa have significant investments in wind energy
The Middle East and North Africa have significant investments in wind energy
Renewable energy throughout the Middle East and North Africa is usually talked about from one point of view: the sun shining strongly on the region ’ s deserts.
Solar energy is indeed a great source of energy and is designed to power equipment and appliances, but wind also blows through the plains, hills and seas of the Middle East, and megaprojects harness the power of wind and turn it into energy.
Political analyst Robin Mills says the Middle East and North Africa (MENA) region actually started using modern wind energy on a commercial scale a decade before using solar power, with projects in Morocco, Egypt, Israel and in Tafileh in Jordan, where the turbines are slowly spinning near the ancient fortress of Karak.
The cheapest electricity in the world is generated from solar power in the UAE and Saudi Arabia, and global projects such as the largest single-site solar farm in Al Dhafra in Abu Dhabi, with a power of 2 GW, and two of the largest multi-project sites, the Mohammed bin Rashid Solar Park in Dubai (5 GW) and Banban in Egypt (1.8 GW), can also be installed. solar on a smaller scale on the shelves of homes and factories.
Despite the lack of consistency unlike Northwest Europe, there are excellent wind resources in the MENA region.
Winds are blowing in southern Morocco and the areas around the Gulf of Suez and Aqaba in Egypt, Jordan, northwestern Saudi Arabia, southern Egypt and the southeastern coast of Oman.
Parts of Libya, southern Tunisia, the Algerian desert, inland Iran and Kuwait also experience strong winds, and in contrast to most parts of Europe, the region has open spaces where the construction of wind stations will not be rejected by some segments of society.
Egypt, which hosted the COP27, benefits from having projects that produce 1.59 GW currently installed, 0.75 GW under construction and 1.6 GW planned, and has signed a series of projects in recent weeks, which have included memorandums of understanding with Norwegian developer Skatek for 5 GW, with UAE clean energy company Masdar for 10 GW, and with Saudi energy development company Aqua for 10 GW.
It will be the second largest wind farm in the world, and the largest is Gansu, which produces 20 gigawatts in China.
Aqua is already building a 1.1 GW wind farm at Jebel Zeit on the Gulf of Suez, which will be the largest in the region when it comes into operation in late 2026, with Egypt ’ s total projected production capacity of 24 GW, the seventh largest national capacity in the world according to current figures.
In addition, Egypt, Saudi Arabia, Oman, Morocco and Mauritania will need huge wind farms to build their planned green hydrogen projects, which use renewable electricity to analyze water with electricity.
Under MENA conditions, wind power is likely to be more expensive than solar, even if Saudi Arabia gets a very competitive tariff of 2.13 cents per kilowatt-hour for its first wind farm in Dumat al-Jandal (which was the lowest solar contract in the region at 1.03 cents per kilowatt-hour).
Wind power also takes longer to build, and production cannot be predicted after a few days.
But wind has many advantages: it is clear that it often blows at night more strongly than during the day, making it complementary to solar energy.
This is especially useful in hot early autumn evenings, when people need air conditioning even after sunset.
Solar energy in the region has achieved a capacity factor, which is the average output of the source as a proportion of its peak output, and is about 20 percent over the year, allowing work at night and different seasons, Egyptian wind power manages 53 percent, and solar and wind power in the best locations can have a combined capacity factor of more than 70 percent.
And there are still some vital questions about the location of turbines and mega projects planned in Egypt?
Wind lanes around Sinai are relatively confined and surrounded by mountains, and areas to the south on the Red Sea coast, or inland areas with difficult logistical hurdles, will have to be considered.
And will the region venture out and explore offshore wind power, as Northwest Europe has successfully done?
There are stronger and more consistent winds, and much more room to develop them, albeit at higher costs.
Will current project announcements overlap with green hydrogen projects?
If this is done, the wind requirements will be much greater, and will provoke competition for good sites and equipment.
Can countries in the Middle East and North Africa that are less exposed to wind power, particularly the UAE, Qatar and Bahrain, benefit economically from improved turbines for slower wind speeds?
Will other wind-blowing countries with low energy, such as Iraq, Kuwait, Libya and Tunisia, start adopting this technology?
If those questions can be answered with a yes, the spinning turbines and shimmering solar panels in the Middle East and North Africa will become a symbol of the region ’ s shift to clean energy.
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Title:

Content: ECONOMY
He said the kingdom is a model to follow.
Energy Minister: 130 GW of renewable energy in years
Albilad – Riyadh
Energy Minister Prince Abdulaziz bin Salman said the kingdom aims to add 20 gigawatts of renewable energy annually to reach 100 to 130 gigawatts of renewable energy before 2030.
His Highness added in his speech during the opening of the Smart Grid Conference 2023 in Riyadh: We are ready to export electricity to up to 150 gigawatts, whether green or hydrogen electricity, and we are determined to move in a model in various fields and one day you will see Saudi Arabia as a model to follow.
The Kingdom doubled its capacity from 700 MW last year to more than 2.2 GW, with more than 8 GW of renewable energy under construction and 13 GW in various stages of development, and plans to bid by 20 GW in 2024 and become a major source of green hydrogen globally. The path of transformation in the energy sector.
The Kingdom seeks to become one of the world ’ s leading exporters of hydrogen and electricity from low-emission sources, leveraging its capacity to produce hydrogen and generate electricity from low-emission sources at a competitive cost.
The Kingdom has the resources from renewable energy, natural gas and carbon sinks to export hydrogen and is strategically located close to the world ’ s largest demand centers.
Initiatives and investments
The Kingdom is implementing more than 80 initiatives in the public and private sectors with investments worth more than 705 billion riyals ($188 billion), to build a more sustainable future for all.
The Kingdom is on track to achieve its goal of reducing carbon emissions by 278 million tons per year by 2030.
The Kingdom aims to achieve an optimal energy mix for electricity production of approximately 50% for natural gas and 50% for renewable energy by 2030, which will replace up to 1 million barrels of liquid fuel equivalent currently in use.
Since 2022, the Kingdom has connected 2,100 megawatts of renewable energy projects to the national electricity grid, bringing the total capacity of renewable energy sources used to 2,800 megawatts (2.8 gigawatts), enough to power more than 520,000 homes.
This achievement represents a 300 per cent increase in total capacity and highlights the Kingdom ’ s continued progress in accelerating the energy transition.
By the end of the year 2023, the production capacity of renewable energy projects under construction will be more than 8 gigawatts.
In addition, a number of additional projects with a capacity of approximately 13 GW are at various stages of development.
As part of the ongoing efforts to transform the national energy mix, the Kingdom has launched a number of projects aimed at reducing dependence on liquid fuel and replacing it with gas for electricity generation. By December 2023, four high-efficiency gas-fired power plants with a total capacity of approximately 5,600 megawatts had been put into operation.
The Kingdom is also currently building high-efficiency CCS plants with a total capacity of approximately 8.4 GW.
As part of its ongoing investment in the development of future fuels, the Kingdom continues to make significant progress on the construction of the world ’ s largest green hydrogen plant in NEOM with a total investment of $8.4 billion.
The Kingdom also signed a number of bilateral agreements with a number of international companies in 2023 to cooperate in the production and export of clean and green hydrogen in the Kingdom.

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Content: China 's financial media reports summary: Huaxia happiness said that the new debt can not be repaid on schedule 7.916 billion yuan
Xi Jinping: Accelerate the green and low-carbon transformation of energy and vigorously develop renewable energy; China formally submitted an application to join the Digital Economy Partnership Agreement; Hong Kong will fully tighten the quarantine exemption arrangement from November 12; Ganfeng Lithium: signed a three-year contract with Tesla to supply battery-grade lithium hydroxide products to it.
I. Macroeconomic policy
* * Xi Jinping: Accelerate the green and low-carbon transformation of energy and vigorously develop renewable energy * *
-- According to Xinhua, President Xi Jinping yesterday delivered a written message to the 26th World Leaders Summit of the Conference of the Parties to the United Nations Framework Convention on Climate Change.
Xi Jinping stressed that China upholds the concept of human and natural life community, adheres to the ecological priority, green and low-carbon development path, accelerates the construction of a green and low-carbon economic system, continues to promote industrial restructuring, resolutely curb the blind development of high-energy and high-emission projects, accelerate the green and low-carbon transformation of energy, vigorously develop renewable energy, and plan to build large-scale wind power photovoltaic base projects.
* * Ministry of Foreign Affairs: will achieve carbon neutrality in the shortest time possible
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Content: ECONOMY
MENA Climate Week Discusses Renewable Energy Transition and Carbon Emissions Reduction
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Thank you for watching and reading the news about MENA Climate Week discussing the transition of renewable energy and reducing carbon emissions.
Gulf 365 - Riyadh - Ahmed Hassan - Gulf 365 _ WAS
The “Middle East and North Africa Climate Week 2023 ”, hosted by the Kingdom of Saudi Arabia, in coordination and cooperation with the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, discussed on the third day the transition of renewable energy and the reduction of carbon emissions.
The panel discussion, entitled “Accelerating the pace of achieving the transition of renewable energy and reducing carbon emissions, ” dealt with the mitigation of carbon emissions and climate change and the programs and initiatives adopted by the Kingdom to face climate change.
The speakers, who are Senior Sustainability Advisor to His Highness the Minister of Energy, Chief Negotiator of the Kingdom ’ s Climate Agreements, Dr. Khalid Al-Muhayid, Undersecretary of the Ministry of Energy for Electricity Nasser Al-Qahtani, SPPC CEO Mazen Al-Bahkali, ACWA Power ’ s Vice Chairman and Managing Director Raad Al-Saadi, and Saudi Energy Efficiency Center General Nasser Al-Ghamdi, discussed the objectives of the Kingdom ’ s energy programs, priorities and current government and private solutions....
They addressed the Kingdom ’ s high records in the fields of energy and efficiency, touching on the field of hydrogen from manufacturing to strengthening regional and international supply chains, pointing to the vast areas that enable solar and wind energy projects and the export of clean energy with international connectivity.
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Content: UAE to boost investments in clean and renewable energy by 2050
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The UAE is keeping pace with the growing demand for energy by boosting its investments in renewable and clean energy sources and building several new green power plants to meet the country ’ s needs in sustainable ways and provide clean and affordable energy. Demand is growing rapidly due to population growth and economic expansion, as well as climate considerations, with investments in renewable energy, fossil fuels, infrastructure, electricity and energy efficiency expected to reach $95 trillion by 2050.
In order to meet demand in a sustainable manner, the UAE is focusing on renewable energy sources, which will reduce the environmental impacts that traditional sources of energy may produce. According to the UAE Energy Strategy 2050 update project, the country aims to triple the contribution of renewable energy to 19.8 GW, increase the contribution of clean energy to 30% of the total energy mix, and increase the contribution of clean energy generation to 32% by 2030.
According to the International Center for Strategic Analysis, the UAE is continuing its journey to transition to clean and renewable energy in accordance with international commitments and in line with the objectives of the historic UAE agreement reached at COP28.
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Content: Our readers are Telegram users
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An international conference was held at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh during the period 4-9 February, with the participation of hundreds of experts and those interested in energy economics from different countries of the world, on the occasion of the 44th Annual International Conference of the International Federation of Energy Economists.
The conference in Riyadh is the first of its kind in the Middle East and North Africa, and was co-organized by the Saudi Energy Economics Association.
The theme of the conference, “The Road to Clean, Stable and Sustainable Future Energy, ” included attention to the current energy phase with its hydrocarbon dominance, and the energy transition towards zero emissions with the emergence of a hybrid energy basket by the middle of the century, the focus of discussions and research.
The experts discussed energy finance and investments, development, energy and climate change, the relationship between energy, water, food and minerals, technology and energy variables, the challenges and opportunities of the electricity sector, the security of energy demand, the challenges of marine energy production in the Arab countries, the green economy and its impact on sustainable development in Saudi Arabia compared to other experiences, hydrogen and the future: solar pricing systems for the residential sector, and the role of hydrocarbon fuels.
The conference opened with a plenary session in which energy writer Dan Yergen, author of the Pulitzer Prize-winning book “The Prize ” on the history of the global oil industry, and Saudi Arabia ’ s Energy Minister, Prince Abdulaziz bin Salman.
The dialogue was characterized by questions from Yergen to be answered by Prince Abdulaziz.
The questions included the possibility of Saudi Arabia in the face of the global campaign to reduce oil consumption, Prince Abdul Aziz replied that Saudi Arabia is facing this challenge in all seriousness.
In addition to its responsibility to stabilize oil prices, several projects are currently under way, such as the carbon capture and storage industry to neutralize emissions, as well as projects to produce hydrogen and sustainable (solar) energies, rationalize consumption and plan for the construction of nuclear reactors.
He added that Saudi Arabia qualifies its natural and human resources and resources to continue to play a major global energy role in the future.
Prince Abdulaziz also repeated his doubts about the road map that had been drawn for the world to shift to zero emissions, and answered that despite skepticism about the road map, Saudi Arabia would be ready by 2060 to switch to zero emissions.
The Saudi energy minister noted that the policy and decisions of the OPEC + group stem from the studies and research available to the countries of the group on the supply and demand of the markets and not from political decisions.
The goal is to stabilize prices and markets for crude oil.
India and several OPEC countries have announced that they will be able to neutralize emissions by 2070, given the many demands of an energy transition.
The International Federation of Energy Economists has awarded its annual award to the most important energy economist of the year; Dr. Adnan Shihab-Eldin, Arab energy expert from Kuwait.
An important group of Arab, Saudi and Saudi experts, as well as other Arab energy experts, participated in the lectures of the scientific committees, and the Saudi female element dominated a number of sessions, including the industry of the economy and carbon storage.
The broad participation of Saudi women academics from Saudi Aramco, the King Abdullah Center for Petroleum Studies and Research, and other Saudi energy institutions from the public and private sectors drew the attention of the two conferences.
The King Abdullah Center for Petroleum Studies and Research played a major role in the successful organization and management of the conference.
Markaz brings together renowned energy experts from multiple countries. Saudi men and women are part of the vast pool of Saudi expertise in the field of energy, represented by the largest international oil company, Saudi Aramco, not to mention the Ministry of Energy, companies and departments specialized in environment and sustainable energies. industry in the country, dealing flexibly with the process of energy transformation.
The conference, which was held at the King Abdullah Center Conference Building, designed by Zaha Hadid, was an opportunity to work and enjoy its modern architecture.

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Content: Energy security is a Saudi commitment
Energy security occupies a prominent place in the policies of the Kingdom and the Gulf Cooperation Council (GCC) countries, which play a pivotal role in providing oil and gas supplies globally.
Energy security is an important element in finding solutions to the climate change crisis, which requires many programs to ensure the benefit of all parties.
The kingdom is moving towards a 50-50 rule with the aim of reducing its reliance on burning liquid fuels for energy production by 50 percent and offsetting it from renewable sources, higher than Europe ’ s target of producing 45 percent of its renewable energy needs.
The Kingdom believes that the transition to new energy must be comprehensive, and carried out in a combined, constructive and comprehensive manner, to maintain global economic growth and achieve prosperity.
Over the past decades, the Kingdom has proven to be a reliable partner in ensuring global energy supplies and ensuring global economic stability while taking into account the interests of producing and consuming countries at the same time.
While Saudi Arabia is leading an international alliance under OPEC + to regulate global oil markets, Saudi Arabia is adopting a moderate approach to the transition to clean energy to contribute to the achievement of sustainable development goals and reduce harmful emissions.
Saudi Arabia insists supply chains must be well planned to avert a global energy crisis, stressing that the focus should be on reducing energy price volatility and that global efforts to tackle climate change must not undermine energy security or avoid any particular source.

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Content: Sunday Day
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Al Hussein: Renewable energy contributes to sustainable development
The President of the Kuwait Society for Sustainable Energy, Ms. Suad Al-Hussein, called on the Civil Service Bureau and the concerned authorities in the State to develop a special classification for the names of professions in the various fields of renewable energy and to include their jobs in the list of approved and required jobs in the public and private sectors. The creation of new jobs will enhance the existing jobs, showing a positive impact on the realization of the new Kuwait Vision 2035.
The number of jobs in the global renewable energy sector reached a record high of 12.7 million by the end of 2021, an increase of 700,000 jobs year on year, according to new data from the International Renewable Energy Agency (IRENA), noting that the spread and empowerment of renewable energy jobs depends on the ambitious policies of countries as well as the policies of deployment and integration of the sector itself, which must be combined with work to overcome structural barriers in the wider economy. during the transition.
The ILO ’ s global sustainability scenario until 2030 requires up to 25 million new jobs, so that around 5 million workers who will lose their jobs in other fields can find new jobs in these same jobs and new industries, while the World Energy Organization predicts that the renewable energy sector will attract about 43 million people by 2050, with the vast majority of jobs related to solar energy followed by wind and other renewable energy.
She concluded by stressing that the ability of renewable energy to create jobs and achieve the goals of sustainable development is beyond doubt, expressing the readiness of the Kuwait Society for Sustainable Energy to help and participate in the development of a technical and administrative classification of renewable energy professions related to the Kuwaiti market in cooperation with the concerned authorities in the State in this regard. Pushing towards the comprehensive renaissance of the homeland.
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Content: Sunday, 29 Safar 1444 Hijri, corresponding to 25 September 2022 AD
Saudi Arabia launches five new projects to produce electricity using renewable energy
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The Saudi Power Purchase Company (SPPC), the main buyer, announced the launch of five new projects to compete for the production of electricity using renewable energy, as part of the fourth phase of the National Renewable Energy Program (NREP), which is supervised by the Ministry of Energy.
These projects, with a total capacity of 3,300 MW, include three projects to exploit wind energy and two projects to exploit solar energy, and the total production capacity of wind energy projects in this phase is 1800 MW, distributed among a project in Yanbu with a capacity of 700 MW, a project in Al-Ghat with a capacity of 600 MW, and a project in Waad Al-Shamal with a capacity of 500 MW.
While the production capacity of solar energy projects is 1500 MW, distributed among a project in Hanakiya with a capacity of 1100 MW, and a project in Tabarjal with a capacity of 400 MW.
These projects are part of the National Renewable Energy Program, as part of the Kingdom ’ s objectives to reach the optimal energy mix for the production of electricity in the Kingdom from renewable energy sources and the use of gas for 50% each and the displacement of liquid fuel used to produce electricity by 2030, achieving the objectives of the Vision.

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Content: Prince Abdulaziz bin Salman: We aim to add 20 gigawatts of renewable energy annually
Money and Business
Photo from the archive - Saudi Energy Minister Prince Abdulaziz bin Salman
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Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom aims to add 20 gigawatts of renewable energy annually to 130 gigawatts of renewable energy by 2030.
Saudi Energy Minister Prince Abdulaziz bin Salman made the remarks in the opening speech of the 23rd Smart Grid Conference held in the Saudi capital Riyadh.
Prince Abdulaziz bin Salman also pointed out that the Kingdom is ready to export up to 150 gigawatts of electricity, whether green or hydrogen.
More than 120 local, regional and international speakers will participate in the event to discuss the most important developments and challenges in the field of networks and increase the levels of their use and applications in the Kingdom.
The conference will also discuss topics such as smart meters and advanced data management solutions, regulatory aspects and energy policies, artificial intelligence and blockchain studies in smart networks, and cybersecurity applications in smart networks.
Source: RT
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Putin: The West has not given up its aggressive objectives in Ukraine, and we also do not give up the objectives of our military operation

As global climate concerns intensify and the world moves toward decarbonization, several Middle Eastern countries have begun investing heavily in solar energy as part of comprehensive energy transition strategies.

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Content:   Opinion

Away from fossil fuels: Kazakhstan sets ambitious goals for renewable energy

Редактор:
Adlet Seilkhanov
3 February 2022, 12:06

NUR-SULTAN. KAZINFORM - Developing renewable energy, introducing clean technologies, and promoting decarbonization of the economy is something that countries can no longer delay. Kazakhstan is no exception as it sets ambitious targets to unlock its renewable energy potential and achieve carbon neutrality by 2060. More about the country’s efforts in this area is in the latest analytical article of Kazinform.

In 2013, Kazakhstan adopted a plan to transition to a green economy and in 2016, Kazakhstan signed the Paris Agreement pledging to reduce greenhouse gas emissions by 15 percent by 2030 relative to the level of 1990.

Kazakhstan set ambitious goals for the development of renewable energy. At the end of 2020, it brought the share of renewable energy in the total electricity production to 3 percent and now seeks to increase it to 15 percent by 2030, five percent more than the initial target, and by at least 50 percent by 2050.

While for Kazakhstan, which has heavily relied on fossil fuels for years and leads in Central Asia in terms of carbon dioxide emissions, transitioning to green growth might be a challenge, its active efforts and political will demonstrated by President Kassym-Jomart Tokayev are notable.

According to Timur Shalabayev, Executive Director at Kazakhstan’s Solar Energy Association, Kazakhstan has everything to develop its renewable energy sector. He cited expert estimates of the potential of wind energy to be nearly 920 billion killowatt hour per year, the technically feasible hydro potential at 62 billion killowatt hour, and the potential of solar energy in the southern regions of the country at 2,500–3,000 hours of sunshine per year.

«Renewable energy sources in recent years have been positioned by Kazakhstan as one of the vectors for the development of the energy complex. (…) Based on the results of 2021, there are 134 renewable energy stations in Kazakhstan: 40 wind power stations, 49 solar power stations, 40 small hydropower stations, 5 bio-power stations. The total installed capacities of existing renewable energy stations in the country are 2,010 megawatt. These capacities currently generate around 3.5-4 percent of the electricity in the country,» he said in an interview for this story.

He noted a strong governmental support for the sector, which was considered as priority sector of the economy.

«The country in 2018 launched very transparent mechanism of the auctions, where 196 companies from 12 countries have participated. We have all competences to implement projects in renewables,» he added.

At the Climate Ambitions Summit in December 2020, President Tokayev declared his country’s commitment to achieving carbon neutrality by 2060.

Kazakhstan is no exception to a global trend worldwide towards the decarbonization of industry and economy. For example, the European Union plans to reduce greenhouse gas emissions by 55 percent by 2030 and plans to introduce a carbon tax by 2023. While shaping the role of trade in the fight against climate change, the introduction of a levy on imported carbon-intensive products could hamper exports of products forcing countries to consider the new realities and update technical regulations, standards, and requirements for good.

President Tokayev also repeatedly voiced the urgent need to address problems in the electricity power industry that hinder the potential growth of the renewable energy sector.

«Since September 2021 we have a deficit of electricity power generation, because of highly increased consumption by industry and digital mining sector. This deficit is covered by importing of the electricity from Russia. The situation gets worse by the obsolescence of power generation equipment on traditional coal stations (the age of 55 percent of equipment on traditional coal-based stations are more than 30 years, age of 66 percent of equipment on hydropower plants last more than 30 years),» said Shalabayev.

According to him, electricity generation from renewables is uneven and depends on the weather conditions, which, in turns, causes imbalances in the grid system. The expert therefore emphasized the need for manurable (flexible) capacities.

«Manoeuvrable capacities are mainly represented by gas-turbine stations and hydropower stations, which may base on the command of the system operator immediately start to generate the missing power. In our country, 70 percent of installed capacities are based on the coal and there is a problem of lack of manoeuvrable capacities in the system,» he said.

Measures to support the production of renewable energy

Based on the law of Kazakhstan on the use of renewable energy sources, producers of clean energy can sell the electricity produced from renewable energy sources in the public grid at special tariffs through the settlement and financial centre for support of renewable energy sources, which guarantees the purchase of electric power from renewable energy sources. Renewable energy producers are exempted from payment for the services of power transmission organizations for the transmission of electricity, while also receive priority in the transmission of electricity through the grid.

These measures of state support in the form of guaranteed purchase of electric power allow to stimulate the development of renewable energy sources.

Auction mechanism

Meanwhile, Kazakhstan also uses the mechanism of auction bidding. The mechanism of international electronic auction has been implemented since 2018 to improve the investment climate and attract external and domestic investments. But, according to Shalabayev, it could also smooth the graphics of power generation by renewable energy stations.

«Another option can be development of small-scale renewable energy project (introduction of renewables by households and business for own consumption). Results of research in the country show that small scale renewables may contribute to increasing the reliability of the grid, unloading overloaded nodes, and reducing electrical energy losses. On the other hand, it may help to make renewables popular among citizens of Kazakhstan,» said Shalabayev.

That was what President Tokayev also proposed at the meeting on the energy sector development in May 2021, saying that more measures are needed to encourage people to use renewable energy sources. Tokayev proposed launching pilot projects to install solar panels and micro-power plants as part of the development of smart cities.

«I am a firm supporter of clean energy and green technologies. I support the construction of power plants using renewable energy sources,» Tokayev said.

In terms of auctions, every year, the energy ministry approves the schedule of auction bidding, with a breakdown by type, capacity, and regions of Kazakhstan.

In 2020 alone, a total of 250 megawatts of installed capacity was auctioned including 65 megawatts in wind power, 55 megawatts in solar energy, 120 megawatts in hydro power and 10 megawatts in biopower. There were 8 auctions that involved 27 Kazakh and 4 foreign companies from Russia, the Netherlands and Germany.

«The total volume of bids received from the auction participants was 493.9 megawatts, which means the volume of demand exceeded the volume of supply by twofold. In particular, the demand for wind power, solar energy and small hydropower projects exceeded the supply volume approximately twice, but investors showed the greatest interest in wind power, for which the demand exceeded the supply volume by five times,» reads the ministry’s statement on the website.

Shalabayev said that the capital expenditures for construction of the solar power stations are decreasing evident in the declining tariffs for solar projects in the auctions for the last four years. According to him, the auction price for solar power tariff has been decreased by 64 percent since 2018 reaching nearly three dollar cents per kW.

«Solar technologies are well-known and developed, we have competences to implement these projects, these technologies are getting cheaper,» he said.

Written by Assel Satubaldina

News Partner

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Content: Saudi Arabia, world ’ s biggest oil exporter, announces details of plans to tackle climate change
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Written by: Sports – Harmony:
Saudi Arabia on Saturday announced details of its plans to tackle climate change.
At the opening of the Saudi Green Initiative, the energy minister announced that reaching zero emissions by 2060 was a key concept, and could be achieved before then.
He said Saudi Arabia was not seeking financial or monetary support for its efforts to reduce emissions and that most of the technologies needed to reduce emissions would reach maturity by 2040.
Prince Abdulaziz bin Salman said that we can convert energy needs by converting 50% to renewable resources and that the Kingdom will adopt a system of carbon emission permits and carbon compensation locally, and we have reduced 48 million tons of annual carbon emissions.

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Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

This report examines key national projects, current solar capacity, government incentives, and the economic and climate impacts of these renewable energy initiatives.

## Key National Projects and Solar Capacity

### Saudi Arabia's Renewable Energy Expansion

Saudi Arabia stands at the forefront of the Middle East's energy transition through its ambitious Vision 2030 initiative.

ACWA Power, a leading developer and operator of power generation and water desalination plants, has emerged as a key player in this transformation.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Saudi Newspapers: Bloomberg Testimony
Immunization systems in the Kingdom are the best in the world.
Bin Salman has set out an ambitious plan to protect the planet.
Iran ’ s oil crisis deepens in Lebanon
Saudi newspapers published on Saturday focused on many files and issues in local, regional and international affairs.
In an editorial titled “An Ambitious Map to Protect the Planet ”, Al-Iqtisadiya newspaper said:“ Saudi Arabia has set a historic development strategy that includes a set of goals to achieve, including those related to the environment and climate conservation, especially in light of the growing global concerns over the environmental future of the planet.
Saudi Arabia is a pivotal country on the regional and global arenas, and because it has presented a series of initiatives, engaged in others, supported what can be described as "environmental empowerment", and encouraged the achievement of strong steps on its arena, in light of the Kingdom's Vision 2030, which made climate and the preservation of the global environment an integral part of it, not only in terms of preserving this environment, but through linking it to development and various economic projects.
She added that during the Saudi presidency of the last session of the "Group of 20", its period witnessed the focus on large projects with distinct objectives of preserving the environment for the future and health of mankind.
With this vision and direction, and in light of the many projects referred to, Riyadh will host next month the inaugural edition of the “Saudi Green Initiative Forum ” and the“ Middle East Green Initiative Summit ”, both of which were announced by Crown Prince Mohammed bin Salman, who has prioritized this issue.
Because they represent a major axis in the global efforts to achieve the goal of climate protection, they have received global interaction and acceptance, and this was expected, especially in light of the clear Saudi orientation in this field, and open to all proposals that ultimately serve the most important goal of protecting the earth and nature.
The Kingdom ’ s two initiatives will provide the necessary tools in this field, with the intensification of climate change in the world, almost six years after the Paris Climate Summit.
She explained that the Saudi role in the environmental field is having a pivotal impact in the face of climate change, which already contributes to the achievement of global objectives, by enabling the wheel of combating climate crises in general, through coordination and cooperation and the presentation of ideas, visions and initiatives.
What makes it more fluid in this field is the open and broad relations of Saudi Arabia globally, and its primary role in international gatherings and institutions active globally.
In addition, the approach is identical with its influential partners in other countries, and the Kingdom ’ s Climate Vision projects are closely aligned with other supporting projects and initiatives.
The Green Saudi Forum and the Green Middle East Summit will be attended by state leaders and officials, as well as CEOs of major companies, in addition to important participants from international organizations and bodies, academics, environmental specialists, and civil society institutions, an effective gathering not only for initiatives and projects, but will also adopt the necessary tools.
The two initiatives, which aim to plant 50 billion trees in the region and reduce carbon emissions by more than 10 per cent of global contributions, are in themselves tools that strengthen Saudi regional and global partnership and its unceasing efforts to stand up to the challenges of climate change, protect the planet in general and ensure a healthy environment for the generations that will live on it.
She concluded: “Saudi Arabia ’ s pioneering role in the environmental arena has already achieved effective steps over the past few years, and with the initiatives put forward by Riyadh, and those decisions that strengthen it continuously, will be to face climate change, and provide the greatest protection and preservation of the environment, strong, effective and necessary. ”
Immunization...
The Best Kingdom Worldwide
Today ’ s newspaper confirmed in an editorial entitled “Immunization. ”
The Kingdom is the best in the world that the strict rules enacted by the government of the Kingdom in the face of the Coronavirus pandemic, contributed to protecting the health of citizens and residents and ensuring their safety, and made the health situation in the Kingdom safe, and away from the epidemiological fluctuations witnessed by many countries of the world.
She pointed out that the Kingdom's adoption of the vaccine for all citizens and residents alike and free of charge, kept its economy open and a product that achieves profits in a scene unlike the economic losses suffered by many other countries.
It also makes it easier to return to normal life.
She said that the testimony of the International Bloomberg News Agency that Saudi Arabia has the best immunization systems in the world, through strict precautionary measures, reflects the efforts of the wise leadership, which directed to take proactive precautionary measures, which maintained the safety of the community, and enhanced the ability of the state to contain the virus and prevent its spread and reach the stages of safety.
Kidnapping the Lebanese Decision
Al-Riyadh newspaper said in an editorial entitled “Hijacking the Lebanese decision ”:“ Lebanon is entering a new battle no less fierce than its predecessors with the implementation of the Lebanese militia ’ s plans to bring Iranian oil, which opened the door wide to the growing Lebanese international calls that warn of the danger of this step for Lebanon internally and externally, despite the denial of Lebanese officials receiving any official request to import Iranian oil, especially under international sanctions. Confirming his arrival would be a deepening of the Lebanese crisis on the one hand, and a challenge to what is left of the Lebanese state on the other hand, as it enshrines the reality that the state militia associated with Iran is Lebanon, and that Lebanon has become an Iranian province. ”
“There is no doubt that the Lebanese official knows that the arrival of Iranian oil to Lebanon will plunge it into and around internal and external conflicts, and will benefit only the elements of the Wilayat militia, and that the basis of the fuel crisis arose from the deliberate smuggling to serve the Syrian regime.
She added: “As the Lebanese know that Iran is the one who obstructs the formation of the government, otherwise how can it allow itself to violate international laws by sending its ships to Lebanon without the approval of the Lebanese government? ”" Despite the security authorities, this will expose Lebanon to a real disaster. "
She concluded: “Leaving Lebanon in the hands of a loyal militia that behaves as it pleases in service to its masters constitutes the top of the loss of its national sovereignty as if it were an Iranian province, and makes it a cover for terrorist projects to plunge it into absurd wars that antagonize the Arabs and the world, especially since this tampering by the militia is accompanied by complete silence of the President of the Republic.“ Lebanon, its people, its economy and its existence. ”

The company's partnership with Huawei Digital Power represents a significant milestone, establishing a joint-innovation program focused on developing cutting-edge technologies that optimize renewable energy efficiency and reduce

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End-of-day quote Saudi Arabian Stock Exchange  -  2023-06-14
155.20 SAR   -1.15%
05:36aAcwa Power : and Huawei to Spur Innovation in Local Renewable Energy and Storage Development
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06/13Acwa Power : Signs Roadmap Agreement for 1GW Wind Energy and Battery Storage Project in Kazakhstan
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05/30Acwa Power : His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of Bahrain, today inaugurated the Al-Dur 2 Phase 2 Independent Water and Power Project (IWPP)
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ACWA Power : and Huawei to Spur Innovation in Local Renewable Energy and Storage Development

06/16/2023 | 05:36am EDT
16
June
2023
|
11:29
Europe/Amsterdam
ACWA Power and Huawei to Spur Innovation in Local Renewable Energy and Storage Development
MoU Signing Ceremony 2
MoU Huawei Signing Ceremony
Summary
  • MOU agreement to enable joint development of innovative technologies and solutions to significantly enhance renewable energy efficiency and optimize implementation costs
  • Partnership to also foster technology transfer and support socio-economic growth in Saudi Arabia by investing in renewable energy initiatives.

Riyadh, Saudi Arabia - June 16 2023 - ACWA Power, a developer, investor and operator of power generation, water desalination, and green hydrogen plants, has announced a significant milestone in its pursuit of renewable energy excellence. The company has signed a memorandum of understanding (MoU) with Huawei Digital Power, a leading global provider of digital power products and solutions, to establish a joint-innovation program, to drive the growth of local industries and expedite decarbonization targets of the Kingdom of Saudi Arabia.

The joint initiative between ACWA Power and Huawei Digital Power will focus on developing cutting-edge technology that optimize the efficiency and reduce costs associated with renewable energy projects. By leveraging local expertise and resources, the partnership aims to drive advancements in renewable energy production and energy storage projects, enabling a sustainable and economically prosperous future.

"

Collaboration is a key pillar of our approach to renewable energy development in Saudi Arabia, aligning with the objectives outlined in Vision 2030. This partnership with Huawei not only supports our ambitious renewable energy goals but also contributes to the development of a thriving research and innovation ecosystem locally. By joining forces with one of the world's top digital power companies, we ensure that our projects are optimized to meet the Kingdom's renewable energy needs, providing affordable and sustainable power solutions for our communities.

Thomas Altmann, EVP of Innovation & New Technology at ACWA Power
"

The research and development program will yield groundbreaking solutions to enhance renewable energy projects in Saudi Arabia. The collaboration will focus on the design of photovoltaic (PV) strings, maximizing solar module capacity while reducing the number of strings required for each project. This innovation will significantly lower the balance of system (BOS) costs, reducing installation and maintenance costs.

Additionally, the partnership will explore the implementation of microgrid simulations to optimize performance based on specific energy needs. The development of advanced controllers will improve energy management, load balancing, and grid stability, enabling microgrids to seamlessly adapt to changing conditions. These advancements will increase renewable energy utilization, promoting a reduced reliance on fossil fuels. ACWA Power will be able to implement these controllers in any project that integrates and hybridizes power generation, energy storage, and loads.

"

As renewable energy deployment scales up significantly in the Kingdom and the wider Gulf region, ACWA Power is taking a step further by enhancing project outputs and addressing cost considerations. We are honored to work with ACWA Power and contribute to the low-carbon vision and strategy of the Kingdom, leveraging our expertise in providing combined digital technology and power generation solutions.

Yao Jiang, President of Huawei ME&CA Digital Power Business Department
"

Huawei Digital Power is currently collaborating with ACWA Power and Chinese engineering firm SEPCOIII on the development of a 1,300MWh battery energy storage system (BESS) for The Red Sea Project's energy storage facility. This project exemplifies the ongoing collaboration between ACWA Power and Chinese entities, which have played a pivotal role in supporting ACWA Power's growth over the years.

Since 2009, Chinese firms have been integral partners in ACWA Power's business development, strategic procurement, investments, financing, insurance, and project execution. To date, Chinese entities have contributed over USD$10 billion in equity and financing, as well as over USD$26 billion in EPC value and USD$5.3 billion worth of solar equipment across 47 landmark renewable and seawater desalination projects worldwide.

The partnership between ACWA Power and Huawei Digital Power represents a significant milestone in the advancement of renewable energy in Saudi Arabia. Through joint innovation and collaboration, the two entities are set to make substantial contributions to local economic growth, technology transfer, and the optimization of renewable energy projects, further solidifying their commitment to a sustainable future.

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ACWA Power Company published this content on 16 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2023 09:35:07 UTC.

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Sales 2023 7 188 M 1 917 M 1 917 M
Net income 2023 1 585 M 423 M 423 M
Net Debt 2023 21 402 M 5 707 M 5 707 M
P/E ratio 2023 71,6x
Yield 2023 0,53%
Capitalization 113 B 30 255 M 30 255 M
EV / Sales 2023 18,8x
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Nbr of Employees 3 538
Free-Float 18,2%
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