Air Products,Neom, ACWA
Date: 2020-07-08
US-based Air Products is reporting a $5 billion agreement with the world's largest oil exporter Saudi Arabia's ACWA Power and Neom to construct the world's largest green hydrogen-based ammonia production facility in the kingdom's planned $500 billion futuristic city straddling the Saudi borders with Egypt, Palestine and Jordan.

Air Products will hold the majority stake in the jointly owned and operated project that will produce green hydrogen through renewables-powered electrolysis, which will be used in the production of ammonia for export to global markets. Hydrogen has applications as a cleaner, alternative transportation fuel and other applications. Saudi Arabia is targeting the addition of 60 gigawatts of clean energy to the grid by 2030. (Source: Air Products, Neom, N Business, 8 July, 2020) Contact: ACWA Power, www.acwapower.com; Air Products, www.airproducts.com

More Low-Carbon Energy News Air Products,  ACWA Power,  NEOM ,  Hydrogen,  Green Hydrogen,  Alternative Fuel,  

Azerbaijan
Date: 2020-07-06
In Baku, the Azerbaijan Director of the Energy Efficiency and Ecology Department of the Azerbaijani Ministry of Energy is reporting plans to almost double solar and wind energy production within the decade.

The use of renewable energy sources was determined by the country's president as one of the priority spheres for the development of the energy sector -- implementation of pilot projects on the construction of a 240 MW wind farm and a 200 MW solar power plant in accordance with the agreements signed with Saudi Arabia's ACWA Power company and UAE's MASDAR company on January 9, 2020.

Azerbaijan, which generates the majority of its power from hydropower, is aiming to raise its renewable energy production from 17 pct to 30 pct by 2030. (Source: Azerbaijani Ministry of Energy, MENAFN, Trend News, 4 July, 2020) Contact: Azerbaijani Ministry of Energy, www.minenergy.gov.az/en news,  Wind news,  

More Low-Carbon Energy News Renewable Energy,  Solar,  Wind,  

ACWA Power,Dubai Electricity and Water Authority
Date: 2020-05-08
The Dubai Electricity and Water Authority (DEWA) is reporting a 25-year PPA with Riyadh, Saudi Arabia-based ACWA Power for 900MW Phase 5 of the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park). A consortium of ACWA Power and Gulf Investment Corp are the preferred bidder to build and operate Phase 5 of the solar park.

DEWA in partnership with the consortium led by ACWA Power and Gulf Investment Corporation had established Shuaa Energy 3, in which it owns 60%, and the consortium owns the remaining 40%. The project will use the solar photovoltaic (PV) bifacial technologies, which allows solar radiation to reach the front and back of the panels, with single-axis tracking to increase generation. The project is expected to be commissioned in stages from Q3 2021.

Touted to be the largest single-site strategic renewable energy project in the world, the 5,000 MW, $13.6 billion MBR Solar Park is based on the independent power producer (IPP) model. (Source: ACWA Power, Construction Week OnLine, 3 May, 2020) Contact: ACWA Power, Paddy Padmanathan, CEO, +966 11 2835555, +966 11 2835500 - fax., twitter.com/acwapower, www.acwapower.com; Dubai Electricity and Water Authority, www.dewa.gov.ae

More Low-Carbon Energy News ACWA Power,  Dubai Electricity and Water Authority,  PV,  Solar,  

ACWA Power
Date: 2020-03-27
In Riyadh, Saudi Arabia's ACWA Power reports its partners GIC and AEPC have achieved financial closure for the 500 MW solar PV Independent Power Project (IPP) at Ibri in the Sultanate of Oman.

The $400 million, 500 MWac Ibri II solar project is an Independent Power Project (IPP) and Oman's largest utility-scale solar PV Independent Power Project to date. The project, to be developed on a 15-year BOO (build, own, operate) contract basis, and will generate sufficient power for 33,000 homes. (Source: ACWA Power, Const. Bus. News, 24 Mar.,2020) Contact: ACWA Power, Paddy Padmanathan, CEO, +966 11 2835555, +966 11 2835500 - fax., twitter.com/acwapower, www.acwapower.com

More Low-Carbon Energy News ACWA Power,  PV,  Oman PV,  Solar,  

ACWA Power
Date: 2020-01-13
In Riyadh, Saudi Arabia's ACWA Power is reporting an agreement with the Azerbaijan Ministry of Energy to develop, construct and operate a 240 MW wind power project on a 20-year Build Own Operate (BOO) basis.

The project is intended to boost the overall economic landscape in the Republic of Azerbaijan and lower the country's power generation costs. (Source: ACWA Power, Power Eng., 10 Jan., 2020) Contact: ACWA Power, Paddy Padmanathan, CEO, +966 11 2835555, +966 11 2835500 - fax., twitter.com/acwapower, www.acwapower.com

More Low-Carbon Energy News ACWA Power ,  Wind,  

Acwa Power
Date: 2019-11-04
In Riyadh, Saudi Arabia's Acwa Power is reporting a power purchase agreement (PPA) with the Egyptian government to develop, finance, construct, and operate the 200MW Kom Ombo photovoltaic plant. The plant is expected to generate sufficient power for 130,000 households and offset 280,000 tpy of CO2 when fully operational. The project is expected to break ground soon for completion during Q1 2021.

Egypt aims to increase the overall capacity of its renewable energy to 20 pct by 2020 (Source: ACWA Power Egypt, ME Construction News, 3 Nov., 2019) Contact: Acwa Power, Paddy Padmanathan, CEO, +966 11 2835555, fax-+966 11 2835500, www.acwapower.com; Egyptian Minister of Electricity and Renewable Energy, www.moee.gov.eg/english_new/minister.aspx

More Low-Carbon Energy News Acwa Power,  Solar,  

Dubai Electricity and Water Authority
Date: 2019-04-26
In the UAE, Dubai Electricity and Water Authority (DEWA) and the consortium led by ACWA Power and Silk Road Fund, are reporting the financial closing of the $13 billion, 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

According to a DEWA release, the project will use 700MW of CSP; 600MW from a parabolic basin complex and 100MW from a solar tower; and 250MW from photovoltaic solar panels and will provide sufficient clean energy for 320,000 residences and reduce 1.6 million tpy of carbon emissions.

The 44 square kilometer project has achieved several world records., including the world's lowest CSP Levelized Cost of Electricity of 7.3 cents (US) per kWh and the lowest Levelized Cost of Electricity for photovoltaic technology of 2.4 cents (US) cents per kWh. The project will feature the world's tallest solar tower at 260 metres and the largest thermal storage capacity of 15 hours, according to the release. (Source: DEWA, ESI Africa, 25 April, 2019) Contact: DEWA, www.dewa.gov.ae

More Low-Carbon Energy News Dubai Electricity and Water Authority,  Solar,  CSP,  PV ,  

ACWA Power
Date: 2019-04-05
In the UAE, Saudi Arabian firm ACWA Power reports it has been selected as the primary team for a Concentrated Solar Power (CSP) system to be constructed in Seih Al-Dahal, 30 miles south from Dubai. When commissioned and online in 2030, the project is expected to produce 950 MW of power total -- 250 megawatts from PV panels and a further 700 from CSP.

The Dubai CSP project's project molten salt tanks will store 15 hours of capacity. The project will involve building an 853-foot solar tower, which its developers claim will be the largest in the world. The solar park as a whole is expected to produce 5 GW gigawatts when completed. (Source: ACWA Power, Inverse, April, 2019) Contact: ACWA Power, +971 4 248 0800, www.acwapower.com/en

More Low-Carbon Energy News ACWA Power,  Concentrated Solar Power,  CSP,  Solar,  ACWA Power,  

ACWA
Date: 2019-02-18
In Riyadh, Saudi power developer and investor ACWA Power reports it is considering an investment in the range of $4 billion in Pakistan's renewable energy sector. ACWA's portfolio presently includes power generation and desalinated water production plants in the Middle East, North Africa, Southern Africa and the South East Asian region.

In the long term, Pakistan is planning to increase the ratio of renewable energy in its energy mix from the present 4 pct to over 30 pct by the year 2030. (Source: ACWA, Business Recorder, PPA, 17 Feb., 2019) Contact: ACWA Power, https://twitter.com/acwapower, www.acwapower.com

More Low-Carbon Energy News ACWA,  Renewable Energy,  

African Development Bank,Eskom
Date: 2018-12-05
The African Development Bank (ADB) reports it has approved $220.1 million in debt for construction of the 100-MW Redstone concentrating solar power (CSP) project in Postmasburg, near Kimberley, South Africa. The project will incorporate molten salt energy storage capacity, a 1322-kV switching station and a 34-km (21.1-mile) transmission line.

The companies behind the project are Saudi Arabia's ACWA Power, US-based SolarReserve and state-owned Central Energy Fund of South Africa, which joined the scheme this summer. The project has a 20-year PPA with South African utility Eskom. (Source: African Development Bank, Dec., 2018) Contact: African Development Bank, www.afdb.org

More Low-Carbon Energy News Eskom,  African Development Bank ,  CSP,  Solar,