Week In MiddleEast: DEWA CEO Saeed Mohammed Al Tayer And GE Vernova CEO Joseph Anis Discuss Sustainable Energy Collaboration; Masdar And Endesa Partner In Spain For €1.7 Billion Renewable Energy Project; And More

Carbon, Energy, Hydrogen, Solar

Week In MiddleEast: DEWA CEO Saeed Mohammed Al Tayer And GE Vernova CEO Joseph Anis Discuss Sustainable Energy Collaboration; Masdar And Endesa Partner In Spain For €1.7 Billion Renewable Energy Project; And More

DEWA CEO Saeed Mohammed Al Tayer And GE Vernova CEO Joseph Anis Discuss Sustainable Energy Collaboration

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), welcomed Joseph Anis, President & CEO of GE Vernova, to discuss future collaborations and advancements in sustainable energy solutions. The meeting featured productive discussions on integrating advanced technologies in energy production and distribution, enhancing energy efficiency, and exploring new avenues for renewable and clean energy projects. This engagement aligns with Dubai’s strategic objectives to bolster sustainable development and environmental stewardship. Al Tayer emphasised DEWA’s commitment to supporting Dubai’s ambitious Clean Energy Strategy 2050 and Dubai Net Zero Carbon Emissions Strategy 2050. He highlighted DEWA’s continuous efforts to provide a robust infrastructure that meets the highest standards of availability, reliability, and efficiency to support the Emirate’s growth.

Masdar and Endesa Partner in Spain for €1.7 Billion Renewable Energy Project

In a landmark move set to bolster renewable energy initiatives in Spain, Masdar, the UAE’s leading clean energy company, announced today that it has entered into an agreement with Endesa S.A. to acquire a substantial stake in Spain’s renewable energy sector. This partnership involves Masdar investing €817 million for a 49.99% stake in a portfolio valued at €1.7 billion, marking it as one of the largest renewable energy deals in Spain to date. This acquisition is subject to regulatory approvals and other conditions. The agreement with Endesa will allow Masdar to partner on 2.5 gigawatts (GW) of renewable energy assets across Spain. The transaction includes acquiring 48 operational solar plants with a combined capacity of 2GW. As part of the deal, Masdar and Endesa aim to enhance these projects by adding 0.5GW of battery energy storage systems (BESS), reinforcing Masdar’s status as a reliable global energy partner for governments, investors, developers, and communities.

Al Jalila Foundation Embarks On Major Green Energy Project With Positive Zero

Al Jalila Foundation, leading Dubai Health’s philanthropic efforts, has entered into a groundbreaking agreement with Positive Zero, the premier provider of sustainable and decentralized power infrastructure in the Middle East. This collaboration aims to significantly reduce carbon emissions and energy costs, supporting the UAE’s Net Zero Strategy 2050. The Memorandum of Understanding (MoU), termed as ‘decarbonisation-as-a-service,’ is the first of its kind in the UAE healthcare sector. It encompasses all facets of clean energy, including on-site power generation, energy efficiency, and clean mobility solutions. The signing ceremony took place at the Al Jalila Foundation headquarters. The agreement outlines the creation of a five-year sustainability roadmap to identify optimal decarbonization methods across the foundation’s facilities. This initiative, through fully financed solutions, is expected to achieve up to 50% in cost savings and reduce carbon emissions by 70%.

Larsen & Toubro’s PT&D Division Wins Key Contracts to Enhance Clean Energy Infrastructure

Larsen & Toubro’s Power Transmission & Distribution (PT&D) division has recently been awarded significant contracts both domestically and internationally, aimed at enhancing the global electricity grid. These new projects will involve the establishment of substations and transmission lines, critical components in advancing the interconnected electricity network. In India, PT&D has been contracted to develop two 765kV Double Circuit Transmission Line packages. These projects are designed to facilitate the transfer of power from the Jaisalmer/Barmer Renewable Energy Zone in Rajasthan to substations in Madhya Pradesh, supporting further network connections. Abroad, PT&D is set to contribute to Saudi Arabia’s power infrastructure by strengthening the 380kV network in the central region. The division has secured contracts for constructing a 380kV Substation and 380kV Overhead line segments.

DEWA Leverages Fourth Industrial Revolution Technologies To Boost Clean Energy Initiatives In Dubai

Dubai Electricity and Water Authority (DEWA) continues to drive sustainability and innovation by leveraging cutting-edge technologies from the Fourth Industrial Revolution to enhance its operations. These initiatives are critical to achieving the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim for 100% clean energy production by 2050. At the Mohammed bin Rashid Al Maktoum Solar Park, DEWA has significantly increased the efficiency of photovoltaic solar panels, doubling their production efficiency from 11% to 22% through the latest advancements. Innovations include cleaning robots for photovoltaic panels and solar photovoltaic bifacial technologies with Single Axis Tracking, maximizing electricity output per area.

UAE’s Ghafa Sustainability & India’s Atsuya Technologies Sign MoU To Enhance Energy Efficiency And Sustainability

H.E. Alia bint Abdulla Al Mazrouei, the UAE Minister of State for Entrepreneurship, witnessed the signing of a memorandum of understanding (MoU) between Ghafa Sustainability and Energy Solutions LLC and Atsuya Technologies Pvt Ltd, an Indian sustainability solutions company. This strategic partnership aims to foster innovation and cooperation in energy optimization and water consumption, enhancing energy efficiency in both regions. The signing ceremony took place on the sidelines of the Investopia Global talks held recently in Chennai, Tamil Nadu, India. The event was a collaboration between the Government of Tamil Nadu and the Confederation of Indian Industry (CII). More than 300 participants attended, including leaders, investors, entrepreneurs, economic experts, and representatives from prominent UAE and Indian private sector companies.

UAE And Chile Forge Comprehensive Partnership To Boost Renewable Energy And Economic Ties

In a recent bilateral meeting, H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy, and H.E. Nicolás Grau, Chilean Minister of Economy, Development, and Tourism, discussed strategies to deepen economic cooperation between their countries. The meeting underscored the UAE’s expanding economic relations with Chile and marked the signing of a Comprehensive Economic Partnership Agreement (CEPA). The CEPA aims to bolster investment flows, expand trade, and foster partnerships between the UAE and Chile, facilitating easier access to markets in Asia and South America. This agreement reflects the commitment of both nations to enhance economic collaboration across several sectors, including tourism, aviation, renewable energy, technology, and agriculture.

Egypt’s Alexandria Free Zone To Get Solar Panels Under New Initiative By Minister Hassan al-Khattib

Egypt’s Minister of Investment and External Trade, Hassan al-Khattib, unveiled a new initiative to equip the rooftops of buildings in the Alexandria Free Zone—home to 417 major export-focused businesses—with solar panels. During his inspection of the 1,353-feddan zone, al-Khattib visited LORD International Co., known for its shaving tools. The company has implemented various measures to cut emissions and enhance mineral and water recycling. It has adopted hydrogen in place of ammonia with technical support from the EBRD and incorporated solar energy into its power supply.

Egypt And U.S. Discuss Expanding Renewable Energy Investments And Green Industry Partnerships

Egyptian Deputy Prime Minister for Industrial Affairs, Kamel al-Wazir, and U.S. Ambassador Hero Mostafa met on Tuesday to explore opportunities for increasing American investments in Egypt’s burgeoning green industries. The discussion focused on several key sectors, including new and renewable energy, green hydrogen, solar cell and wind turbine manufacturing, as well as locomotives and automotive production. During the meeting, Wazir, who also serves as Minister of Industry and Energy, emphasized Egypt’s strategic position as a potential export hub for Arab and African markets. He highlighted the country’s ongoing development of 31 dry ports and logistics zones, which are strategically connected to railways, major roads, and seaports, enhancing its role as a logistical and industrial center.