The Middle East, historically reliant on fossil fuels—producing 36% of global oil and 20% of natural gas as of 2018—is undergoing a significant energy transition, with solar energy at the forefront of national strategies to diversify economies and address climate change .

The United Arab Emirates (UAE) leads with an investment of AED 600 billion ($163.5 billion) in clean and renewable energy over the next three decades, targeting net-zero emissions by 2050 .

Key projects include the 2 GW Al Dhafra solar plant, set to be the world’s largest, and the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, which currently has a 5 GW capacity and aims to be the largest single-site solar park globally by 2030 .

The UAE’s clean energy share is targeted to reach 50% by 2050 .

Saudi Arabia is pursuing carbon neutrality by 2060, with the NEOM Green Hydrogen Project—a 4 GW facility powered by solar—securing $8.4 billion in development funding .

The Kingdom aims for 40 GW of solar PV capacity by 2030 as part of Vision 2030 .

Oman targets 16% of electricity from renewables by 2025 and 30% by 2030, with the Ibri II Solar Project (607 MW) expected to generate 1.3 TWh annually .

Egypt plans to derive 42% of its electricity from renewables by 2035, with projects like the GREGY interconnector—a 3,000 MW subsea cable linking Egyptian solar and wind to Europe—and $10 billion in planned solar and wind investments by ACWA Power by 2026 .

Morocco targets 52% renewable electricity by 2030, with the Noor Ouarzazate complex as a flagship solar project .

Government incentives underpin these transitions.

The UAE and Morocco have established policies and

The Middle East, historically reliant on fossil fuels—producing 36% of global oil and 20% of natural gas as of 2018—is undergoing a significant energy transition, with solar energy at the forefront of national strategies to diversify economies and address climate change .

Title:

Content: MUSCAT: Renewable capacity expansion in the Middle East and North Africa (MENA) is projected to grow three-fold over the next five years (2023 – 2028), with the Sultanate of Oman ranked among the front-runners in driving this growth. According to a new report by the International Energy Agency (IEA), Oman’s renewables capacity growth is set to be the fourth largest in the region after Saudi Arabia, United Arab Emirates and Morocco.

These countries will account for the lion’s share of the 62 gigawatt (GW) increase in renewables capacity anticipated in the region by 2028, the Paris-based intergovernmental agency noted in its newly published report. “Over the next five years, the pace of growth is expected to accelerate to more than three times the previous five-year period, with solar PV making up over 85 per cent of the increase. Onshore wind and concentrated solar power also contribute,” said the IEA in its report, titled ‘Renewables 2023: Analysis and forecast to 2028’.

Driving much of this growth will be efforts by individual countries to decarbonize their electricity generation, but green hydrogen production is set to play a major role as well, according to the report. This is particularly the case in Saudi Arabia, UAE and Oman, it pointed out. “In fact, hydrogen accounts for more than 13 per cent of the region’s renewable capacity growth thanks to government policies to stimulate development for trade. Good solar resources, land availability and existing port infrastructure create favourable conditions for economically attractive renewable hydrogen to be shipped to demand centres in Europe and Asia,” the agency further stated.

Additionally, the report reaffirmed Oman’s positioning among the world’s top exporters of renewable hydrogen. It said: “By 2028, potential export countries could account for over one-fifth of hydrogen-driven renewable capacity deployment, led by Saudi Arabia, Australia, Oman and the United Arab Emirates. With the prospect of producing economically attractive renewable hydrogen to ship to potential demand centres in Europe and Asia, these countries aim to become major exporters of renewable hydrogen and hydrogen-based fuels.”

A revised Renewable Energy Plan enshrined in Oman’s 2040 Vision seeks to secure 16 per cent of electricity from renewables by 2025, rising to 30 per cent by 2030. Clean energy capacity is projected to rise to 2.6 GW by 2025 under the National Energy Master Plan. Supplementing this strategy is a commitment to embracing green hydrogen to, on the one hand, decarbonise the economy, and on the other to evolve into a major producer and exporter of renewable hydrogen. Green hydrogen output is targeted at around 1 million tonnes per annum by 2030.

2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).

Title:

Content: Fossil fuels, which have powered the industrial growth and development of civilisations for centuries, are facing a looming deadline of depletion. Moreover, they have caused severe environmental and social problems, such as climate change, conflicts, and pollution. The need for alternative and sustainable energy sources is clear and urgent. However, the transition to a post-fossil fuel era is not easy or straightforward. It requires innovation, investment, cooperation, and vision.

This article explores the challenges and opportunities of global energy transformation, focusing on the dual nature of fossil fuels, the countdown to their exhaustion, and the promise of renewable energy sources. It also highlights the progress and potential of some countries in the Middle East and North Africa (MENA) region, which is one of the most dependent regions on fossil fuels in the world.

Fossil Fuels: A Double-Edged Sword

Fossil fuels, comprising oil, coal, and natural gas, are ancient energy sources that have been central to the development of various industries and sectors. They have enhanced transportation, manufacturing, agriculture, and electricity generation. They have catalysed global trade, commerce, and innovation, elevating the quality of life for millions.

However, this ascent has been coupled with profound challenges. Fossil fuels have been a source of geopolitical strife, epitomised by wars and conflicts over their control and distribution. They have also exacerbated environmental issues, such as greenhouse gas emissions, global warming, and climate change. Incidents like oil spills, gas leaks, and fracking have inflicted severe damage on ecosystems and public health.

The Countdown to Depletion

The finite and non-renewable nature of fossil fuels leaves humanity facing a daunting deadline. Predicting the exact exhaustion of these resources is a complex endeavour, influenced by reserves, consumption rates, technological advancements, and price fluctuations. Nonetheless, projections based on current data paint a concerning picture.

According to Octopus Energy, the year 2060 may mark the twilight of fossil fuels, based on current consumption and reserve estimates. In 2020, global oil production reached 91.7 million barrels per day (b/d), with key players like the United States, Saudi Arabia, and Russia at the forefront. Simultaneously, natural gas production stood at 3.94 trillion cubic meters (bcm). Although the Covid-19 pandemic temporarily curtailed production, a resurgence is anticipated. In contrast, natural gas consumption steadily rises by over 3% each year.

Should additional oil reserves remain elusive, known deposits could be depleted by 2052. The stark reality is that demand for oil has surged, nearly doubling the average annual rate observed over the preceding decade in 2018.

Toward a Sustainable Energy Paradigm

The global imperative for alternative energy sources is clear. Sustainable options, even if not entirely devoid of environmental impact, have become a linchpin of energy discussions. The quest for sustainability is no longer optional; it is fundamental to securing a prosperous future.

Embracing alternative and sustainable energy solutions is our paramount responsibility. The adverse consequences of persisting with fossil fuels are increasingly undeniable. Furthermore, incidents such as oil spills, gas leaks, and fracking have grievously scarred ecosystems and human health.

The geopolitical maelstrom surrounding fossil fuels is a testament to their strategic importance. By reducing our dependence on these finite resources, we can contribute to global stability and peace.

The Promise of Sustainable Energy

Investing in sustainable energy is not merely an ecological commitment; it is a strategic move to safeguard long-term energy security. Renewable sources like solar and wind power do not suffer the same spectre of depletion as fossil fuels, offering a reliable and sustainable energy future. Moreover, technology’s relentless march is enhancing the efficiency and cost-effectiveness of these alternatives, ensuring a seamless transition.

In this era of unprecedented global challenges, the unsustainable trajectory of fossil fuels is no longer tenable. Transitioning to renewable and sustainable energy sources is both a moral imperative and an economic necessity. As we confront the relentless march of climate change, endeavouring to secure long-term energy stability and foster global peace, embracing this transformation is our only viable path toward a sustainable and prosperous future. It is a journey we must embark upon with unwavering determination and foresight.

The MENA Region: The abundance of wisdom

The MENA region stands as an interesting case study for global energy transformation. The region is one of the most dependent regions on fossil fuels in the world. According to the World Bank, the region accounted for 36% of the global oil production and 20% of the global gas production in 2018. However, the region also faces many challenges and risks related to its reliance on fossil fuels, such as price volatility, environmental degradation, social unrest, and geopolitical conflicts.

Therefore, some countries in the region have started to prepare for the transition to a post-fossil fuel era by diversifying their economies, investing in renewable energy sources, and promoting innovation and sustainability. According to a report by the International Renewable Energy Agency (IRENA), the MENA region has a huge potential for renewable energy development, especially solar and wind power. The report estimates that the region could generate more than 60% of its total electricity from renewable sources by 2030.

Some of the countries that have made significant progress in this field are:

• UAE: The UAE has been a leader in innovation and sustainability in the region, with a vision of becoming a global hub for green economy and clean energy. The UAE has set a target of increasing its share of clean energy to 50% by 2050. The UAE has invested in various renewable energy projects, such as the Shams 1 solar thermal plant, which is one of the largest of its kind in the world, and the Mohammed bin Rashid Al Maktoum Solar Park, which is planned to be the largest single-site solar park in the world by 2030. The UAE is also home to Masdar City, which is a planned city that aims to be one of the most sustainable cities in the world. Also, UAE is one of the 10 largest oil producing countries with a proven reserves, according to BP statistical reviews, of 100 billion barrels.

• Morocco: Morocco has been a pioneer in renewable energy development in the region, with a target of achieving 52% of its electricity from renewable sources by 2030. Morocco has invested heavily in solar power projects, such as the Noor Ouarzazate complex, which is the largest concentrated solar power plant in the world. Morocco also has a strong wind power sector, with a capacity of over 1.2 gigawatts (GW) as of 2019.

• Egypt: Egypt has also been pursuing an ambitious renewable energy strategy, with a goal of reaching 42% of its electricity from renewable sources by 2035. Egypt has a large potential for solar and wind power, especially in the Sinai Peninsula and the Red Sea coast. Egypt has launched several large-scale projects, such as the Benban Solar Park, which is expected to be the largest solar photovoltaic (PV) plant in the world when completed, and the Zafarana Wind Farm, which is one of the largest wind farms in Africa.

These are some examples of countries in the MENA region that are prepared for after fossil fuels era. However, there are still many challenges and barriers that need to be overcome, such as policy and regulatory frameworks, financing and investment mechanisms, public awareness and participation, and regional cooperation and integration.

The world is at a crossroads in its energy choices. Fossil fuels have been instrumental in driving industrial growth and development, but they have also caused severe environmental problems. Their finite nature also poses a threat to long-term energy security. The need for alternative and sustainable energy sources is clear and urgent.

Renewable energy sources offer a promising solution to this challenge. They are abundant, reliable, and sustainable. They can reduce greenhouse gas emissions, mitigate climate change impacts, and foster global peace. They can also create new opportunities for economic growth, innovation, and social welfare.

— Dr Abdullah Belhaif Al Nuaimi is a former UAE minister of Infrastructure Development and for Climate Change and Environment

The United Arab Emirates (UAE) leads with an investment of AED 600 billion ($163.5 billion) in clean and renewable energy over the next three decades, targeting net-zero emissions by 2050 .

Title:

Content:   • The agreement marks Positive Zero’s first strategic partnership in Saudi Arabia, boosting the group’s presence and reach across the Kingdom.
  • The collaboration will support attaining Saudi Arabia’s goal of installing 40 GW of solar PV capacity in line with Vision 2030.

Riyadh, Kingdom of Saudi Arabia (KSA): Positive Zero, the leading provider of decentralized energy solutions in the GCC, and Tamimi Energy, one of Saudi Arabia’s pioneers in integrated and sustainable energy services, have announced a strategic partnership to develop and deliver solar power projects across the Kingdom of Saudi Arabia.

The collaboration was formalized with the signing of a Partnership Agreement between SirajPower, Positive Zero’s distributed power generation subsidiary, and Energy Equipment Rental Company (ENERCO), one of Saudi Arabia’s leading power solutions providers under Tamimi Energy.  The agreement establishes a flexible framework for the two parties to leverage each other’s diverse solar project capabilities, enabling them to support the rapid growth of the Saudi clean energy market.

SirajPower and ENERCO will work together by leveraging their complementary capabilities for the development and financing of commercial and industrial solar power solutions across the Kingdom of Saudi Arabia. This will include deploying human talent, equipment, technology, and other resources to the projects they secure jointly.

The partnership follows Positive Zero’s recent announcement of a landmark investment of up to $400 million from BlackRock, the world’s largest asset manager with over $9.4 trillion in assets. The investment will boost Positive Zero’s growth and innovation in the GCC region, where it offers a range of decentralized decarbonization solutions, including solar power, energy efficiency, and mobile battery storage, to support the region’s energy transition and economic diversification goals, as well as the global efforts to combat climate change.

Salah Abdullatif, Executive General Manager at Tamimi Energy Holding Company, said:

"The pace of the clean energy transformation in the Kingdom of Saudi Arabia is picking up rapidly, with the Saudi Green Initiative setting an ambitious target to increase the share of renewable energy to 50% of the primary energy mix by 2030. This is no small feat, and ENERCO, as a key subsidiary of Tamimi Energy, is ideally positioned to play a crucial role in this journey. Our collaboration with SirajPower and the Positive Zero group will perfectly complement Tamimi Energy’s capabilities and open up significant opportunities for both parties to accelerate the adoption of solar power across multiple sectors in the Kingdom."

David Auriau, Co-Founder and CEO of Positive Zero, commented on the occasion:

“The Kingdom of Saudi Arabia is about to experience a surge in demand for clean energy, and photovoltaic solar power will be the foundation for meeting this demand as the key element of the National Renewable Energy Program of Vision 2030. To support attaining the goal of installing 40 GW of photovoltaic solar power by 2030, our partnership with Tamimi Energy will bring out the best of both our groups to the Saudi market, and we could not have chosen a better partner for Positive Zero’s first strategic partnership in the Kingdom. We look forward to playing a crucial role in the transformation of the Saudi energy sector through this agreement between SirajPower and ENERCO to bid on projects and deliver them together.”

Saudi Arabia is one of the top 10 countries in the world with the highest potential for producing centralized solar energy, according to the Shell Global Energy Resources Database, with the Kingdom approving new regulations over the past 18 months to enable the construction and provision of distributed solar energy solutions to increase the contribution of distributed solar PV power to the country’s energy mix.

Positive Zero’s foundational companies have already made remarkable strides in key GCC markets. SirajPower, the company's Distributed Generation arm, leads the region with a 200 MWp portfolio of distributed solar energy, reducing over 223 thousand metric tons of carbon emissions annually - an equivalent to powering over 43,000 homes every year. Taka Solutions, operating as the company's Energy Efficiency arm, has achieved energy savings exceeding 100,000 MWh across eight sectors in the United Arab Emirates, which is equivalent to planting more than three million trees. Situated under the company’s Clean Mobility vertical, our HYPR mobile battery units, the first clean energy delivery service in the region, have provided construction sites and other off-grid locations with cheaper and cleaner power.

About Positive Zero

Positive Zero is empowering a new energy economy by enabling businesses, communities, and cities in the Middle East region to take charge of their energy future. As the leading energy transition partner for the commercial, industrial, and public sectors, Positive Zero helps businesses achieve energy savings as high as 50% by removing upfront investments and operational complexities from the onset.

Positive Zero’s decarbonization-as-a-service offering combines clean technologies with data-driven solutions in distributed solar generation (SirajPower), energy efficiency (Taka Solutions) and clean mobility (fleet electrification, charging infrastructure and HYPR Energy) that reduce cost and consumption, and carbon footprint. In addition to financing, we offer end-to-end services, which means we manage the entire process from engineering, design, installation, construction, maintenance, and monitoring so that businesses can focus on what they do best.

For more information about Positive Zero, visit our website www.positivezero.com and our social media handles on LinkedIn /positivezerohq, Twitter @positivezerohq, and Instagram @positivezerohq.

For media inquiries please contact:
Carine Bouery
Head of Marketing
cbouery@positivezero.com

Key projects include the 2 GW Al Dhafra solar plant, set to be the world’s largest, and the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, which currently has a 5 GW capacity and aims to be the largest single-site solar park globally by 2030 .

The UAE’s clean energy share is targeted to reach 50% by 2050 .

Saudi Arabia is pursuing carbon neutrality by 2060, with the NEOM Green Hydrogen Project—a 4 GW facility powered by solar—securing $8.4 billion in development funding .

Title:

Content: Egypt is set to receive a major boost in its renewable energy capacity, as ACWA Power, a leading Saudi Arabian energy company, announced its plans to invest $10bn in the country by 2026.

The company, which is the world’s largest private water desalination company, has already invested $2.5bn in Egypt, and has five projects in the country, all in the renewable sector.

The new investments will be used to develop solar and wind power plants, as well as water desalination projects.

The company’s CEO, Marco Arcelli, told Daily News Egypt that the company is aiming to capture a 50% share of the Egyptian renewable energy market by 2026.

Daily News Egypt interviewed Arcelli to find out more about the company’s plans, latest updates, and projects in the pipeline.

What is ACWA Power’s expansion plan strategy during 2023?

ACWA Power, a Saudi Arabian energy company, is planning to grow its footprint in renewable energy, especially in solar and wind power, in existing markets such as Saudi Arabia, Morocco, Egypt, China, and CIS/ Central Asia. The company is also exploring emerging opportunities in water desalination in water-stressed areas such as Morocco, Egypt and other North African countries. The company is working with local partners and talents, as well as Chinese EPC contractors, to develop large-scale projects at low levelised costs. The company is also the first one to step into green hydrogen, a promising clean energy source.

How much investment will ACWA Power inject into Egypt during 2023?

ACWA Power has been present in Egypt since 2015, with the aim of supporting the country’s sustainable development and economic growth by providing clean and affordable energy. The company has five projects in the country, all in the renewable sector, with a total capacity of 1.42 GW. The company is also looking into ways to cooperate with the government in water solutions, as Egypt is aiming to launch several desalination projects with a total planned capacity of 8.85 million m3/day by 2050. By 2026, ACWA Power is aiming to invest up to $10bn in Egypt, a number that could increase significantly once the company begins exploring opportunities in green hydrogen and water desalination.

What are the aspects of the company’s cooperation with the Sovereign Fund of Egypt?

ACWA Power, a Saudi Arabian energy company, has formed a strategic partnership with the Sovereign Fund of Egypt (TSFE), a state-owned entity that aims to unlock value for the nation’s industries and economy. The partnership covers various aspects, such as:

  • Renewable Energy Development: ACWA Power and TSFE collaborate on developing and implementing renewable energy projects in Egypt, such as the 1.1 GW wind energy project in the Gulf of Suez, which will provide clean energy to over a million households and reduce carbon emissions by 2.4 million tonnes annually.
  • Technology Transfer: ACWA Power brings its expertise and experience in renewable energy technologies to the partnership, supporting the development of local capacities and skills in the sector. For example, ACWA Power cooperates with Hassan Allam Holdings, an Egyptian engineering firm, in the 1.1 GW wind project.
  • Job Creation and Economic Growth: ACWA Power’s cooperation with TSFE contributes to creating employment opportunities and stimulating local economies in Egypt. The company invests up to $10bn in the country by 2026, creating thousands of direct and indirect jobs.
  • Environmental Sustainability: ACWA Power and TSFE share a commitment to environmental sustainability, promoting clean energy solutions that align with Egypt’s efforts to achieve its environmental targets. The partnership also supports Egypt’s vision of generating 42% of its electricity from renewables by 2035.
  • Long-term Partnerships: The ACWA Power-TSFE cooperation aims to establish long-term partnerships that extend beyond individual projects. By building strong relationships and fostering collaboration, both entities work towards achieving sustained energy sector development in Egypt.

With the global trend towards sustainability, what are your plans in this regard?

ACWA Power, a Saudi Arabian energy company, is committed to supporting the global trend towards sustainability by providing clean energy and innovative energy solutions. Our focus is on creating shared value by prioritising the growth and well-being of our employees, as well as making a positive impact in the communities where we operate. Our sustainability strategy includes the following goals:

  • To triple our business mostly in renewable energy, where we aim to be in the top 3 international renewables players by 2030, aligned with the Saudi Vision 2030.
  • To develop technologically advanced water desalination projects and create self-sustaining giga-cities, all powered by renewable energy sources.
  • To set a net-zero emissions target for 2050 and achieve a 50% reduction in carbon intensity across our portfolio compared to our 2020 baseline divs.
  • To initiate a training program on solar technology in Egypt, where we have more than 400 engineers and technicians that completed their studies.

What is the volume of investments directed towards sustainability in Egypt during 2023?

ACWA Power has five projects in Egypt, all in the renewable sector, with multi-billion dollar investments in solar and wind energy projects. Our Egyptian portfolio is 100% renewable, with a total capacity of 1.85 GW. The projects include:

  • Benban Solar Park, where ACWA Power operates three solar plants with a total capacity of 120 MW. The project also includes the Benban Market Renovation Project, which has improved the market’s infrastructure and supported local vendors and employment.
  • Kom Ombo Solar PV Plant, a 200 MW solar facility that will provide clean energy to more than 130,000 households and avoid over 280,000 tonnes of carbon dioxide emissions annually.
  • Suez Wind Farm, a 1.1 GW wind project that will be one of the largest in the world. The project will provide energy to over a million households and displace 2.4 million tonnes of carbon dioxide emissions annually.
  • Sohag Wind Project, a recently allocated land for a 10 GW wind energy project that will be developed in cooperation with the Sovereign Fund of Egypt.

ACWA Power’s sustainable investment approach extends beyond energy and water projects. The company embraces social responsibility by actively engaging with local communities and fostering economic development opportunities. By prioritizing local job creation and skills development, ACWA Power enhances local capacity and promotes inclusive growth. The company also contributes to the communities in which it operates by encouraging and developing local service providers, suppliers and the local workforce to stimulate national talent and assist in developing solutions that contribute to energy transition initiatives in those countries.

What are the projects to be completed during the current period in Egypt?

ACWA Power, a Saudi Arabian energy company, is working on three major renewable energy projects in Egypt, which are expected to be completed by 2026. The projects are:

  • Kom Ombo Solar PV Plant, a 200 MW solar facility that will provide clean energy to more than 130,000 households and avoid over 280,000 tonnes of carbon dioxide emissions annually. The project secured a $123m financing package earlier this year and is expected to reach commercial operations in January 2024.
  • Suez Wind Farm, a 1.1 GW wind project that will be one of the largest in the world. The project will provide energy to over a million households and displace 2.4 million tonnes of carbon dioxide emissions annually. The project is the first wind farm project by ACWA Power in Egypt and is expected to be commercially operational by the end of 2026.
  • Sohag Wind Project, a recently allocated land for a 10 GW wind project in Egypt’s Western Sohag region, which will generate about 50,000 GWh of clean energy annually, providing electricity to about 11 million households and mitigating the impact of 25.5 million tonnes of carbon emissions each year. The project will be developed in cooperation with the Sovereign Fund of Egypt.

Is there a plan to enter new markets during the coming period?

ACWA Power is keen to expand its presence and activities in new markets, especially in Asia, Africa and Europe. The company is exploring opportunities to bring its expertise, partners and investment to unlock the potential for sustainable solutions like water desalination and green hydrogen. Some of the markets that ACWA Power is interested in are:

  • China: ACWA Power recently signed MoUs with nine renowned Chinese entities, coinciding with the 1st China Arab Summit and President Xi Jinping’s state visit. These agreements lay the foundation for financing, investment, and construction of ACWA Power’s clean and renewable energy projects in Saudi Arabia and Belt and Road Initiative countries. China’s pursuit of clean energy is of immense importance – ACWA Power is exploring opportunities to support the country’s energy diversification plans through green solutions. The company also has a long-standing history and relationship with Chinese companies, where 60-70% of its partners and contractors are Chinese companies. The company is exploring water desalination opportunities in China and other countries, where it makes a good business case for its growth.
  • CIS: ACWA Power has been actively expanding its solar and wind portfolio in Central Asia/CIS, marking a significant growth in renewable energy projects within the region. The region has abundant water resources, including the Caspian Sea and the Aral Sea, which can be used for desalination. Investing in integrated water and power projects (IWPs) in the region can lead to reduced reliance on fossil fuels, improved energy security, and better access to clean drinking water. IWPs can also contribute to economic development by attracting investments, creating job opportunities, and promoting technological advancements in renewable energy and desalination. ACWA Power’s focus on solar and wind activities in Central Asia/CIS indicates significant potential for IWPs in the region. By utilising renewable resources and water bodies, ACWA Power can play a crucial role in meeting the region’s water and power needs while promoting sustainable development.
  • North Africa: ACWA Power is keen to bring its expertise, partners and investment to unlock the potential for sustainable solutions like green hydrogen and water desalination in North Africa. The company’s approach in the region is straightforward: investing in transformative projects, partnering with governments, and leveraging its expertise in renewable energy and water desalination capabilities to drive sustainable development and create long-term value for all stakeholders. For example, in Morocco, ACWA Power has been present for over a decade and has made significant investments of nearly $3.2bn. This investment has resulted in the installation of over 765 MW of renewable energy capacity. ACWA Power is committed to further investment in Morocco, with a focus on reducing tariffs and working with government partners to explore opportunities in desalination and green hydrogen technologies.

How does ACWA Power regard Egypt’s approach to green hydrogen?

ACWA Power, a Saudi Arabian energy company, regards Egypt’s approach to green hydrogen as an important step in diversifying the energy mix and reducing carbon emissions. The company appreciates Egypt’s efforts to establish partnerships and create a supportive ecosystem for the development of green hydrogen projects. The company also looks forward to collaborating with Egypt in this field, as one of the first-movers in the green hydrogen space. ACWA Power is currently developing a $5bn green hydrogen-based ammonia plant in Saudi Arabia’s Neom, and is also working with entities in countries including Oman, South Africa and South Korea, to jointly explore ways to maximise the potential of green hydrogen.

© 2022 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).

The Kingdom aims for 40 GW of solar PV capacity by 2030 as part of Vision 2030 .

Title:

Content: ‘World’s biggest TOPCon solar plant’ begins generating

Share

Chinese manufacturer Jolywood has announced the start of operations at a utility scale PV project in Oman it has described as the “largest TOPCon solar plant in the world.”

Some 490 MW of the total 607 MW generation capacity of the Ibri II project consists of TOPCon (tunnel oxide passivated contact) bifacial solar panels supplied by Jolywood, the company said today.

Solar and sustainability

Via the UP Initiative, pv magazine is diving deep into the topic of what it means to be truly sustainable in the solar industry; looking at what is already being done, and discussing areas for improvement. Quarterly themes have thus far covered the use of lead in solar, raw material sourcing for batteries, green finance, circular manufacturing, PV module recycling, agriPV, and workers’ rights. Contact up@pv-magazine.com to learn more.

Oman's largest solar project, near Ibri, the capital of Dhahirah governorate, covers around 1,154 acres, cost $400 million and began generating last month, according to Jolywood. It was developed by a consortium of Saudi Arabian, 50% state-owned developer ACWA Power, which will own half of the project; the Gulf Investment Corp owned by the governments of Bahrain, Kuwait, Oman, Qatar, Saudi and the UAE, which will hold 40%; and clean energy developer Alternative Energy Projects Co (AEPC), in which the ruling family of Kuwait is the majority shareholder. The AEPC has a 10% stake. ACWA Power, on its website, describes the Ibri II project as costing $395 million and having a generation capacity of 500 MWac and Jolywood, in May last year, described the facility as having a total capacity of 575 MW. In January, the company told pv magazine the project would have a total capacity of 500 MW.

Offtaker

The 1.3 TWh the facility is expected to generate annually will be bought by state entity the Oman Power and Water Procurement Company and should be able to power up to 33,000 homes in the sultanate.

Jolywood said it had been chosen to supply panels to the project because of its products' ability to operate in harsh conditions including windy sand which can cause wind erosion, and huge temperature differences in desert areas.

The manufacturer said its J-TOPCon 2.0 Niwa solar module offers bifaciality of more than 80% and added, a third party which tested its equipment had certified the modules offered a 16% power output gain versus rival products operating in desert environments.

Popular content

With a low temperature coefficient of -0.32%/W, Jolywood said its Niwa bifacial panels reduce degradation and risk caused by high operating temperatures so the module can operate normally at 70 degrees Celsius.

The Chinese business said it had worked with German brand Munich Re to offer a 12-year warranty for materials and workmanship and a 30-year linear performance guarantee.

Jolywood VP Liu Zhifeng said: “Although the construction schedule of the project was seriously affected by Covid-19, [the] Jolywood team [overcame] many difficulties and completed the delivery of customer products as [per] the agreement, and [provided] professional technical services and support for the project, so that the project was successfully put into operation [on] schedule.”

The solar manufacturer claims to have delivered more than 5 GW of TOPCon cells and modules, with 1 GW of them shipped to the Middle East.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Oman targets 16% of electricity from renewables by 2025 and 30% by 2030, with the Ibri II Solar Project (607 MW) expected to generate 1.3 TWh annually .

Title:

Content: PV Hardware inks 3GW solar tracker deal with Saudi green hydrogen project

Latest

Facebook
Twitter
LinkedIn
Reddit
Email

Spanish solar tracker provider PV Hardware (PVH) has signed a supply agreement with Larsen & Toubro for 2.97GWp of PV trackers.

The agreement will provide solar trackers for the 4GW green hydrogen project located in Oxagon, Saudi Arabia. This is where the NEOM futuristic city will be built and which recently secured US$8.4 billion to develop the green hydrogen plant.

Trackers for the project will be sourced from PVH’s manufacturing facility in Jeddah, Saudi Arabia, which has an annual capacity of 8GWp that opened in November 2022. Earlier this year the company announced plans to build a new solar tracker facility in Valencia, Spain, that would bring the total global annual capacity of PVH to 25GW.

Larsen & Toubro was awarded the engineering, procurement, and construction (EPC) contract for a 2.2GW solar plant, a 1.65GW of onshore wind and a 400 MWh battery energy storage system (BESS).

Ivan Higueras, chairman of PVH, said: “PVH is ready to undertake this important venture most successfully. We have solidified our position as the leading solar tracker supplier in the Middle East with localised production in the Kingdom of Saudi Arabia, and we are committed and dedicated to supporting the Kingdom’s clean energy goals”.

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events

Title:

Content: Energy is changing Israel’s foreign policy - opinion

The Abraham Accords between Israel and several Arab states, including the oil-rich countries, further illustrate Israel’s energy centric-foreign policy.

Israel's Energy Minister Karin Elharrar is seen signing a climate cooperation deal with Jordan in Dubai, on November 22, 2021.
(photo credit: Courtesy)

For centuries, energy concerns have influenced defense, economics, and the environment. Starting with the British Empire’s decision to found coaling stations to support the imperial navy to Russia’s invasion of Ukraine, energy has impacted security decisions at every level.

Future energy sources are destined to be just as transformative and disruptive to the international system. This ongoing transformation is showcased in no better example than Israel’s sensitive energy-centric diplomacy.

Its energy-focused foreign and security policy comes in the wake of the Russian ruble climbing to a seven-year high, owing to high oil prices triggered by sanctions against Russia and the post-COVID global recovery. With Europe reeling due to dependence on Russian gas, Israel has stepped in and is in talks to fill this vacuum with its own gas exports by exporting gas to Europe via Egypt.

However, Israel’s diplomacy and the future of energy politics are not just about changing logistics or suppliers. Dr. Alexander V. Mirtchev, in his groundbreaking The Prologue: The Alternative Energy Megatrend in the Age of Great Power Competition, elucidates on the changing landscape of energy politics. The book provides an excellent model for Israeli diplomacy.

Mirtchev, a vice-chair at the Atlantic Council, a leading Washington think tank, and a founding member of the Council to the Kissinger Institute on China and the US at the Woodrow Wilson International Center, argues that the vigorous pursuit of innovation and an expeditious entry into the realm of the unknown is becoming a key ingredient in the competition between global powers, resulting in energy rebalancing between actors.

The Leviathan gas platform, 10km. offshore Israel (credit: ALBATROSS)

Mirtchev is not alone in this assessment. Former secretary of state and national security adviser Henry Kissinger concurs, stating “Mirtchev’s sweeping exploration of the changing energy landscape looks far into the future and outlines issues that will occupy scholars and policymakers for decades to come.”

Former director of the FBI William Sessions believes the megatrend described by Mirtchev has succeeded in breaking through the complexities of the current alternative energy development strategies. World Bank vice president for sustainable development Rachel Kyte notes, “The alternative energy megatrend as described in Alexander Mirtchev’s book, occupies a large and growing role in the World Bank’s energy portfolio and policy advice.”

It is worth analyzing what this forward-looking trajectory, a megatrend, means for Israel’s changing foreign policy considering the Abraham Accords, the Iranian threat, and its wish to export gas to Europe.

Israel’s foreign policy through the lens of energy

Mirtchev posits that security considerations are driving Israel’s energy strategies. The use of solar-based battery chargers and new approaches to providing energy to military bases are obvious examples. Counterintuitively, Mirtchev also explains how Israel’s booming natural gas industry interplays with technological and regional dynamics: “Combined with the increased use of domestic natural gas, Israel can utilize alternative energy as a balancing factor in its relations with its energy-rich neighbors. These considerations are already leading to advances in alternative energy [...].”

Energy has also recently played a critical role in Turkish-Israeli relations. While some experts speculate on Turkey’s latest charm offensive, hoping to repair long-strained Turkish-Israeli relations, energy is obviously paramount. Turkish President Recep Tayyip Erdogan stated as much in February, “We can use Israeli natural gas in our country and beyond using it, we can also engage in a joint effort on its passage to Europe.”

It is these same energy concerns that drive Israel’s engagement with various Mediterranean states. Israel’s energy alliance with Greece, Cyprus, Egypt and Italy aims to transport Israeli gas to Europe via the Euro-Asia interconnector, which was announced in April, to boost alternatives after the Russian invasion of Ukraine. With these states also announcing the EastMed subsea pipeline to supplement delivery capabilities, it is unsurprising that Turkey is both rhetorically retaliating against Europe and seeking ties with Israel.

The perennial Iranian nuclear issue is another excellent example of this. While seeking nuclear weapons and funding terrorism are political projects, energy is also at their apex. Oil revenues enable their activities, and Iran is now attempting to leverage the Ukrainian crisis to do so.

Last week, Iran announced they are going to increase cooperation with Russia by swapping energy supplies and setting up a logistics hub with a Russian accord. The simple aim is to help both parties bypass sanctions and provide plausible deniability to politically uncommitted buyers. If the international community wants to pressure Iran and Russia successfully, it must find a way to hamper their energy industries and simultaneously pressure both parties.

The Abraham Accords between Israel and several Arab states, including the oil-rich United Arab Emirates and Bahrain, further illustrate Israel’s energy centric-foreign policy. A taste of the future alternative energy paradigm surfaced last November with the signing of a water-for-energy deal between Israel and Jordan. Months later, a UAE-Egyptian consortium announced intentions to buy South African renewables firm Lekela, giving Abu Dhabi’s Masdar, owned by UAE’s sovereign investment company Mubadala, a presence in southern Africa.

Israel’s recent energy-centric diplomacy showcases what Mirtchev argues: “the alternative energy megatrend [...] has already begun to shape the way production choices are made and energy is distributed.”

As alternative energy and technologies advance, this megatrend will create opportunities for relations between states and upset existing power balances. Israel’s foreign policy transformation already acts as a testimony to this major development.

The writer is a Middle East expert, the managing editor at the Jerusalem Institute for Strategic Studies and a Ph.D. candidate at Bar-Ilan University. He is formerly the Middle East correspondent for The Jerusalem Post.

Egypt plans to derive 42% of its electricity from renewables by 2035, with projects like the GREGY interconnector—a 3,000 MW subsea cable linking Egyptian solar and wind to Europe—and $10 billion in planned solar and wind investments by ACWA Power by 2026 .

Title:

Content: Egypt’s Ambitious Subsea Cable to Fuel Europe’s Green Energy Transition

In a groundbreaking move set to reshape the energy landscape, Egypt is poised to bolster its own energy infrastructure while propelling Europe towards a cleaner, greener future. The ambitious endeavor, known as the GREGY interconnector, seeks to create a pioneering subsea electricity cable linking Egyptian solar facilities to the European energy market via Greece. This project, gaining significant traction during discussions between Egypt’s Foreign Minister Sameh Shoukry and his Greek counterpart at the recent UN General Assembly, marks a critical stride in reducing Europe’s dependency on fossil fuels.

The visionary GREGY interconnector initiative is spearheaded by the Copelouzos Group, a prominent Greek conglomerate, in collaboration with Infinity Power, a joint venture between UAE-based renewable energy firm Masdar and Egyptian company Infinity. The proposed subsea power cable, stretching approximately 1,400 kilometers, is poised to transmit a formidable 3,000 MW of solar and wind energy generated by Infinity Power to Greece and, subsequently, the broader European market.

Carlos Torres, the Head of Gas and Power Markets Research at consulting firm Rystad Energy, underscores the immense potential the GREGY interconnector presents for Europe. He highlights Egypt’s strategic geographical advantage and superior solar energy potential, offering an ideal backdrop for the development of solar systems, unlike many European nations. A 2020 World Bank study corroborated this assertion, singling out Egypt, alongside other Middle Eastern and North African countries, as possessing the world’s greatest solar energy potential.

Europe’s fervent quest to curtail its reliance on fossil fuels, further exacerbated by geopolitical tensions and energy security concerns stemming from the Russian invasion of Ukraine, has been well-documented. Meanwhile, Egypt grapples with its own energy challenges, as demonstrated by a series of debilitating blackouts during the summer—an unfortunate consequence of years of insufficient investment in energy infrastructure to accommodate its burgeoning population.

Notwithstanding these hurdles, Egypt remains resolute in its pursuit of various energy projects, including the construction of its inaugural nuclear power station. Torres posits that these endeavors are anticipated to fortify Egypt’s position, ensuring it can satisfy domestic energy demands while simultaneously exporting surplus power.

The GREGY interconnector initiative forms a part of a broader strategy to interlink North Africa with Europe. Two subsea cables transmitting electricity between Morocco and Spain are already operational, with several other projects in the planning stages, including propositions to deliver power from Tunisia to Italy.

Noteworthy is the fact that, should the GREGY interconnector come to fruition, it would outstrip all existing subsea transmission lines in terms of length, nearly doubling the size of the present record holder—an undersea link recently completed between Denmark and Britain. While longer than most existing interconnectors, the GREGY project adopts a more pragmatic approach, transporting electrons generated in Egypt to the closest point on the European mainland, thus ensuring a more efficient power supply to other European nations.

In contrast, the alternative project, conceived by UK-based start-up Xlinks, envisions an undersea cable spanning a staggering 3,800 kilometers along the western edge of Europe. Such extensive distances can lead to significant energy losses during transmission, even with recent technological advancements aimed at mitigating these losses.

Conversely, the GREGY interconnector adopts a more streamlined approach by transporting electrons generated in Egypt to the nearest point on the European mainland, guaranteeing a more efficient and reliable power supply to other European countries.

As developers explore diverse strategies to tap into North Africa’s abundant solar resources, it becomes evident that these resources will remain a central focus for energy-hungry European governments in their quest for green alternatives to Russian gas. Carlos Torres predicts an upsurge in high-voltage, long-distance connections in the near future, further solidifying the ties between Europe and regions boasting substantial renewable energy potential.

The GREGY interconnector, championed by Egypt and Greece, marks a momentous stride towards sustainable energy collaboration and European energy diversification, paving the way for a greener and more resilient energy future for both Egypt and Europe.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

Beta V.1.0 - Powered by automated translation

The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
EDITOR'S PICKS
NEWSLETTERS
MORE FROM THE NATIONAL

Morocco targets 52% renewable electricity by 2030, with the Noor Ouarzazate complex as a flagship solar project .

Government incentives underpin these transitions.

The UAE and Morocco have established policies and