Energy partners collaborate on renewable energy in the MENA

Energy partners collaborate on renewable energy in the MENA

ESI Africa informs that Energy partners collaborate on renewable energy projects in the MENA region. Let us see how elaborate collaboration is in this context. 

Would it be like that New partnership to support solar energy in the Sahel? (Image above)

 

MENA: Energy partners to collaborate on renewable energy projects

Middle Eastern energy partner NewMed Energy has entered into a Memorandum of Understanding (MOU) with Enlight Energy regarding exclusive collaboration for a fixed term on the initiation, development, financing, construction and operation of renewable energy projects in the Middle East and North Africa.

The collaboration entails the development of solar projects, wind projects, energy storage and other relevant renewable energy segments in several target countries, including Egypt, Jordan, Morocco, the UAE, Bahrain, Oman and Saudi Arabia.

As part of the Joint Venture, NewMed will utilise its business connections in the aforementioned target countries, with active involvement from Yossi Abu, CEO of NewMed Energy Management Limited. The Enlight Corporation will provide the joint operations with professional design, development and management services in the interest of promoting the Joint Venture.

In view of the MOU, NewMed intends to convene a general meeting which will include on the agenda a proposed resolution that will allow it to act and make investments in renewable energy projects in an aggregate investment amount of $100 million.

Control during the projects’ construction and operation stages will be held by Enlight. The MOU stipulates provisions with respect to the parties’ rights to appoint board members of the Co-Owned Corporations based on their holding rates and it also stipulates that Abu will serve as Chairman of the Board of the Co-Owned Corporations in the first 24 months.

Under the MOU, it has been agreed that resolutions of the Co-Owned Corporations will be adopted by a majority vote, subject to certain minority interest protections to be granted to NewMed. Provisions have also been specified with respect to the manner of financing of the operations of the Joint Venture and the investments in projects to be made thereunder, based on the relative share of each of the parties.

The term of the parties’ exclusive collaboration will be 3 years as of the date of signing of the detailed agreement. This may, under certain circumstances, be extended up to a term of five years as of the date of signing of the detailed agreement. Following the expiration of the Term of Exclusivity, the collaboration will continue with respect to projects that shall have commenced prior to the expiration date.

Energy partners collaborate on renewable energy in the MENA

Nasi Hako

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Here’re Some Unique Use of Solar Technologies Worldwide

Here’re Some Unique Use of Solar Technologies Worldwide

Here are some unique use of Solar Technologies worldwide proposed by TWC India Edit Team.

Solar Appreciation Day 2022: Here’re Some Unique Use of Solar Technologies Worldwide to Combat Energy Crisis

India’s budget for FY2022-23 clearly highlights the country’s priority to double down for ‘green’ and renewable energy, particularly solar, to combat climate change and meet the emission reduction targets set for 2030.

Moreover, as the Ukraine-Russia war continues, coal and natural gas prices are surging sharply across the globe. With the soaring power bills, several European and Asian countries are seeking alternatives to Russian supplies. And using technologies based on solar energy is a comparative quick fix to the energy crisis.

Meanwhile, Solar Appreciation Day 2022 is here, which is celebrated globally on every second Friday of March. The day has become all the more significant amid the ongoing climate and energy crisis. On this day, here are some unique solar technologies that demonstrate the immense potential of solar technologies to address the needs of the modern world.

Solar trolley invented by a farmer from Haryana

Pradeep Kumar, a farmer from Haryana, has built a mobile solar plant with panels mounted on a trolley that can be moved on demand. The trolley is custom made as per the user’s requirements.

In an interview with The Better India, Pradeep said, “the devices come in two sizes and carry solar panels which provide electricity of 2 HP and 10 HP. The trolley can also be mounted to the back of a tractor and has sturdy wheels that allow it to move over uneven surfaces.”

The cost-effective technology has benefitted over 2000 farmers so far.

Bihar’s floating solar power plant

The Mithila region in North Bihar is called the ‘Land of Ponds’ and is taking complete advantage of its gift. A floating solar plant is set to be commissioned in the region, consisting of 4,004 solar modules. Each module lodged in a pond can generate 505-megawatt peak (MWp) electricity and nearly 2 MW of green and clean energy. The plant can supply electricity to 10,000 people in the state.

The main benefit of a floating solar power plant is that the water cools the solar panels, ensuring their efficiency when temperatures rise, resulting in increased power generation. It also minimises evoporation of freshwater and aids fishery.

This innovation has hit two birds with one stone: producing green energy from solar panels and promoting fish farming underwater.

South Korea’s solar shade

In South Korea, a highway runs between Daejon and Sejong and its entire bike lane on the 32 km stretch is covered with solar roof panels. Not only do they generate sufficient electricity, but they also isolate cyclists from traffic and protect them from the sun.

The two-way bike lane is constructed right in the middle of the road, while there are three other lanes for vehicles to travel on either side. This also obstructs the high beam lights of oncoming cars.

Using the technology, the country can intern produce clean, renewable energy.

Solar-powered desalination technique by Chinese and American researchers

Desalination process is considered to be among the most energy-intensive activities. Now researchers have developed a solar desalination process that can treat contaminated water and generate steam for sterilizing medical instruments without requiring any power source other than sunlight itself.

The design includes a dark material that absorbs the sun’s heat and a thin water layer above a perforated material that sits atop a deep reservoir of salty water such as a tank or a pond. The holes allow for a natural convective circulation between the warmer upper layer of water and the colder reservoir below and draw the salt from the water.

Not only is the solar-powered desalination method efficient but also highly cost-effective.

Saudi Arabia’s goal of sustainable development using solar technology

Here're Some Unique Use of Solar Technologies Worldwide
FILE PHOTO: A solar plant is seen in Uyayna, north of Riyadh, Saudi Arabia April 10, 2018. Picture taken April 10, 2018. REUTERS/Faisal Al Nasser

Dry-climate arid regions are prone to droughts and often face water scarcity. While local food production would have been a distant dream for countries that host mostly deserts, scientists in Saudi Arabia have developed a unique solution using solar technology.

In an experiment, they designed a solar-driven system that could successfully cultivate spinach using water drawn from the air while producing electricity. This proof-of-concept design has demonstrated a sustainable, low-cost strategy to improve food and water security for people living in dry-climate regions.

“Our goal is to create an integrated system of clean energy, water, and food production, especially the water-creation part in our design, which sets us apart from current agrophotovoltaics,” says senior researcher Peng Wang.

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The top image is for illustration and is of a Solar power plant (IANS)

Accelerated renewables-based electrification paves the way for a post-fossil future

Accelerated renewables-based electrification paves the way for a post-fossil future

The hydrocarbon producing countries of the MENA region believe in their preeminent albeit shrinking source of revenues for decades. But, as shown by some counties of the Gulf net-zero recent pledge, they see economic and political opportunities in moving to the green energy transition. Accelerated renewables-based electrification paves the way for a post-fossil future by Nature Energy explains how the world and particularly the EU in order to achieve its climate and geopolitical goals, it will need to substantially increase its engagement with Gulf states.

The image above is for illustration and is about how Fossil Fuel Jobs Will Disappear, So Now What?

Accelerated renewables-based electrification paves the way for a post-fossil future

The research was published in Nature Energy.

Accelerated renewables-based electrification paves the way for a post-fossil future
Credit: CC0 Public Domain

Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world’s energy supply by mid-century. When combined with a global carbon price, these developments can catalyze emission reductions to reach the Paris climate targets, while reducing the need for controversial negative emissions, a new study finds.

“Today, 80 percent of all energy demands for industry, mobility or heating buildings is met by burning—mostly fossil—fuels directly, and only 20 percent by electricity. Our research finds that relation can be pretty much reversed by 2050, making the easy-to-decarbonise electricity the mainstay of global energy supply,” says Gunnar Luderer, author of the new study and researcher the Potsdam Institute for Climate Impact Research. “For the longest time, fossil fuels were cheap and accessible, whilst electricity was the precious and pricier source of energy. Renewable electricity generation—especially from solar photovoltaics—has become cheaper at breath-taking speed, a pace that most climate models have so far underestimated. Over the last decade, alone prices for solar electricity fell by 80 percent, and further cost reductions are expected in the future. This development has the potential to fundamentally revolutionize energy systems. Our computer simulations show that together with global carbon pricing, green electricity can become the cheapest form of energy by 2050, and supply up to three quarters of all demand.”

The reasons lie mainly in the ground-breaking technological progress in solar and wind power generation, but also, in the end, uses of electric energy. Costs per kilowatt hour solar or wind power are steeply falling while battery technology e.g. in cars is improving at great speed. Heat pumps use less energy per unit of heat output than any type of boiler and are becoming increasingly competitive not only in buildings, but also in industrial applications. “You can electrify more end-uses than you think and for those cases actually reduce the energy consumption compared to current levels,” explains Silvia Madeddu, co-author and also researcher at the Potsdam Institute.

“Take steel production: Electrifying the melting of recycled steel, the so-called secondary steel, reduces the total process energy required and lowers the carbon intensity per ton of steel produced,” says Madeddu. “All in all, we find that more than half of all energy demand from industry can be electrified by 2050.” However, some bottlenecks to electrification do remain, the researchers point out. Slowest in the race to decarbonisation are long-haul aviation, shipping, and chemical feedstocks, i.e. fossil fuels used as raw materials in chemicals production.

Limiting the reliance on negative emissions

The scale of the technological progress holds great opportunities for countries to leapfrog and for investors alike. However, not every technology is a success story so far. “In this study, we constrained the reliance on technologies which aim at taking carbon out of the atmosphere, simply because they have proven to be more difficult to scale than previously anticipated: Carbon Capture and Storage has not seen the sharp fall in costs that, say, solar power has. Biomass, in turn, crucially competes with food production for land use,” Luderer lays out. “Interestingly, we found that the accelerated electrification of energy demands can more than compensate for a shortfall of biomass and CCS, still keeping the 1.5 degrees Celsius goal within reach while reducing land requirements for energy crops by two thirds.”

Era of electricity will come—but global climate policy must accelerate it to meet climate goals

“The era of electricity will come either way. But only sweeping regulation of fossil fuels across sectors and world regions—most importantly some form of carbon pricing—can ensure it happens in due time to reach 1.5 degrees,” Luderer says. Indeed, the simulations show that even if no climate policy at all is enacted, electricity will double in share over the course of the century. Yet in order to meet the goals of the Paris Agreement of limiting global warming to well below two degrees, decisive and global political coordination is crucial: pricing carbon, scrapping levies on electricity, expanding grid infrastructure, and redesigning electricity markets to reward storage and flexible demands. Here, hydrogen will be a crucial chain link, as it can flexibly convert renewable electricity into green fuels for sectors that cannot be electrified directly. “If these elements come together, the prospects of a renewables-based green energy future look truly electrifying,” says Luderer.

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Emerging Economies Must Leapfrog to Renewables

Emerging Economies Must Leapfrog to Renewables

Emerging Economies Must Leapfrog to Renewables – and They Already Are per Roya Sabri in this TRIPLEPUNDIT’s article.


Emerging Economies Must Leapfrog to Renewables – and They Already Are

20 July 2021

Renewables like solar and wind are quickly becoming more affordable and accessible. The International Renewable Energy Agency (IRENA) reports that the cost of electricity coming from utility-scale solar power fell 82 percent between 2010 and 2019, and clean power technologies such as solar and wind are undercutting even the cheapest coal-fired power plants. Further, a 2020 analysis from BloombergNEF found that wind and solar have overtaken fossil fuels as the most cost-effective form of new sources of electricity in most of the world.

This trend has made “energy leapfrogging” – i.e., the ability to reap a nation’s power needs from renewables such as solar, wind and geothermal at a rapid pace, bypassing heavy investments in fossil fuels and the infrastructure needed for them – ever more possible in emerging markets.

Economies, including several examples in Africa and Latin America, have been transitioning straight from what for many of their communities had been traditional sources of energy like wood, charcoal, agricultural waste and animal dung; these countries are also able to shift rapidly toward renewables as they have not invested in massive infrastructure that supports a national power grid, as was the case with what more industrialized nations in Europe and North America had done during the 20th century.

The result is that more communities within these emerging markets are forgoing conventional energy sources like fossil fuels; the same goes for other forms of energy like nuclear, biofuels and even natural gas.

A recent report from the think tank Carbon Tracker and India’s Council on Energy, Environment and Water (CEEW) highlights progress emerging nations are making in embracing renewables. The report also comes with a warning: If more nations do not leapfrog to these cleaner sources of energy, a worldwide low-carbon economy will not occur.

As the demand for energy grows, leapfrogging to renewables becomes necessary

The International Energy Agency estimates a surge in power generation in emerging nations will boom over the next decade, accounting for the majority of electricity demand by 2030. Thus, a world aiming to reduce greenhouse gas emissions has an incentive to ensure countries like India and China continue their developing infrastructure that is more conducive for renewables.

The authors of this Carbon Tracker and CEEW study find that emerging markets are already stepping away from fossil fuels. “Given the continued rapid growth rate of solar and wind, it is highly likely that emerging markets ex-China have already plateaued or reached peak demand for fossil fuels for electricity. China is likely to peak before 2025,” they write. China may still be a major coal consumer, but its solar sector is growing fast. Countries like Morocco, Nicaragua and Kenya have already made great leaps toward increased reliance on renewables.

Some nations are already leapfrogging to renewables

The Climate Reality Project details how Morocco, Nicaragua and Kenya have been able to turn their power generation sectors into ones that are more sustainable and resilient. Morocco, for one, has set a target of 42 percent renewable energy production by 2021 and 52 percent by 2030. It has stayed on track by building up its solar and wind power infrastructure. The North Africa country, in fact, now hosts one of the largest solar farms in the world.

After experiencing rolling blackouts due to energy insecurity a decade ago, Nicaragua is now on its way to sourcing 80 percent of its electricity from sources of renewables. By late 2020, Nicaragua’s burgeoning geothermal industry had brought the nation to 72 percent reliance on renewable energy sources.

Energy accessibility has been expanding in Kenya as decentralized solar has spread across the nation. The country is also making use of its geothermal power, which may reach 50 percent of its energy mix by 2040.

Clean energy can support a more resilient and healthy economy

These cases show that a dramatic shift to renewable energy can increase energy accessibility and stability. The economic case is significant. IRENA reported in 2016 that a doubling of renewables by 2030 could mean global GDP increases by over one percent, boosts social welfare investments by almost four percent and can add more than 24 million jobs.

While some nations have proved leapfrogging possible and beneficial, the authors of the Carbon Tracker and CEEW study note that there are serious barriers to building renewable energy reliance. Such hurdles include the intermittency of renewable sources, system costs, policies and deeply vested interests — but international actors can make a difference. The report recommends that international policymakers should focus their attention on countries currently dependent on fossil fuel imports that also have governments more amenable to policy solutions.

Finally, the authors contend that such nations are more receptive to a transition than countries that are more politically fragile. They are also in a stronger position than countries with economies largely driven by coal and gas exports. The result is that these countries that have found success with energy leapfrogging can become examples for their neighbors and help to bring more emerging nations closer toward a clean energy future.

Image credit: Antonio Garcia/Unsplash  

Saudi Arabia says focus on renewable energy will save them $200 billion

Saudi Arabia says focus on renewable energy will save them $200 billion

Industry Leaders published a point of view narrated by Anna Domanska that Saudi Arabia says focus on renewable energy will save them $200 billion. Do you believe it?

Saudi Arabia says focus on renewable energy will save them $200 billion

Saudi Arabia, which is actively looking to expand its economy beyond its dependence on fossil fuels, believes it can save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, according to its finance minister.

The top oil exporter is modernizing its economy and create new jobs for its citizenry by venturing into new modern industries beyond oil. Hit by the volatile oil prices and the economic downturn due to the pandemic, the desert kingdom has ventured into a multi-trillion-dollar spending push led by state oil company Aramco and the powerful $400 billion sovereign fund, Public Investment Fund.

“One initiative we’re about to finalize is the displacement of liquids,” said Finance Minister Mohammed al-Jadaan. “This program would represent savings for the government of about 800 billion riyals ($213.34 billion) over the next 10 years which can be utilized for investment.”

Earlier this month, the government signed seven new solar power purchase agreements to optimize the energy mix used for electricity production. “Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi utilities, or using some of our quota in OPEC to sell at $6, we’re going to actually displace at least 1 million barrels a day of oil equivalent in the next 10 years and replace it with gas and renewables,” said Jadaan.

“Between now and 2025, and possibly until 2030, fiscal sustainability is a priority for us. We believe that until we achieve all the targets that Vision 2030 has set, we need to maintain fiscal sustainability and control government expenditure,” said Jadaan.

The whole shift in outlook in Saudi Arabia is led by Crown Prince Mohammed bin Salman’s Vision 2030, envisaged as a mega plan to wean the economy off oil and invest in other industries such as infrastructure and technology, all with private participation and create jobs for the people.

The Kingdom is facing unprecedented unemployment, with figures running up to 15 percent last year. It has been pushed down to 12.3 percent this year. The aim is to bring it down to 7 percent by 2030. ”We are maintaining our unemployment target for 2030 but because we are not out of the woods yet it is very difficult to say what the unemployment rate is going to be for 2021,” said Jadaan.

“Our aim is to reduce the number so we will end up the year below where we ended up in 2019, pre-COVID, but I can’t tell you this is going to happen for certain.”

The Vision 2030 launch has seen renewed interest in the country from foreign investors. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 pandemic.

The total value of investments from overseas rose 9 percent year-on-year, or SR173.3 billion, in 2020, from SR1.833 trillion at the end of 2019, according to the Saudi Central Bank (SAMA).

According to an analyst, the increase in capital flowing into the country was due to an improvement in the investment environment and some relaxation in investment laws in the Kingdom.

Anna Domanska is an Industry Leaders Magazine author possessing a wide range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

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