Browsing: renewable energy

Saudi Arabia is set to significantly boost the utilization of renewable energy, reduce carbon emissions, and undertake extensive tree planting in the upcoming years. Abdulrahman Abdulmohsen Alfadley, the Minister of Environment, Water, and Agriculture, participated in the third edition of the Saudi Green Initiative Forum, which coincided with COP28 in Dubai.

During a press briefing on Monday, December 4, Dr Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology and President of COP28, along with Jim Skea, the Chair of IPCC, provided statements summarising the achievements of the initial four days of COP28.

Abu Dhabi’s clean energy firm, Masdar, is actively considering “transformative” acquisitions to extend its influence in the US and Europe, according to its Chief Operating Officer. The company is in the process of thoroughly evaluating the market for acquisitions and exploring greenfield and brownfield projects, along with opportunities to support small renewable energy developers.

Abu Dhabi’s clean energy firm, Masdar, in collaboration with EDF Renewables and Saudi Arabia’s Nesma Company, has entered into a power purchase agreement with the Saudi Power Procurement Company to oversee a $1B solar project in the Al Madinah province of Saudi Arabia. The consortium secured the Al Henakiyah solar power project, boasting 1,100-megawatt capacity, by submitting the lowest bid at $16.84 per megawatt hour. The project will be constructed, owned, and operated by the consortium under a 25-year agreement with SPPC.

Emirates made history with its first flight powered by a blend of sustainable aviation fuel (SAF) from Dubai International Airport last month, a part of the airline’s sustainability efforts. Under a supply agreement with Shell Aviation, the flight to Sydney, EK 412, departed on October 24. Shell Aviation supplied 315,000 gallons of blended SAF to Emirates in Dubai, allowing the airline to operate multiple flights using this sustainable fuel.