CEBC MENA Clean Energy Month in Review
February 2019
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CEBC launches a new working group focusing on future mobility
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The role of the CEBC Future Mobility Club (FMC) is to function as an electric vehicle and clean energy industry representative, connecting private sector players to relevant stakeholders in order to support the development of the electric vehicle market.
Founding members of the club include key international and local companies involved in the electric vehicle ecosystem. Nominated steering committee includes ENGIE, GreenParking, Renault, VOLT and EVERA.
The FMC will initially tackle EV market development obstacles that have been identified in the series of meetings in 2018 and include:
- Work with government entities to draft green mobility policies and mandates
- Increase end user and owner awareness about EV and the economic and environmental value of ownership
- Create incentive and finance packages from local banks for EVs
- Increase market reach and potential to incentivize EV manufacturers to enter the UAE and GCC market
- Work on supporting the build up of the required infrastructure for EVs in
- Develop plans for end of life and recycling of EVs and batteries in the UAE
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CEBC participates at SPE workshop on the New Era of Sustainable Energy Resources in the region.
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Dr. Raed Bkayrat, managing director of CEBC gave a talk entitled "The New Era of Sustainable Energy Resources" during the a one-day workshop entitled "Petroleum Economics: Sustainability versus Future Changes" organized by the Society of Petroleum Engineers (SPE) in Abu Dhabi.
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ACWA wins Bahrain’s 100 MW PV tender with bid of $0.039/kWh
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CEBC partner and board member ACWA Power has won the tender held by the Kingdom of Bahrain for the construction of the country’s first large-scale PV power plants.
ACWA submitted the lowest bid of BD14.668/MWh ($39.1) for electricity to be generated by the project. “We are excited with the result of this tender because it will help in establishing the market of more utility-scale solar projects in the near future,” said Al Yaquob.
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ACWA Power signs strategic agreements with two Chinese entities
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As part of the official visit to the People's Republic of China by His Royal Highness Prince Mohammed bin Salman, Crown Prince, CEBC partner and board member ACWA Power signed Memorandums of Understanding (MoU) with two renowned Chinese entities. The agreements with the Silk Road Fund and Huawei will lay the ground for collaboration in further investments and in technological advancements of power generation and desalinated water production plants that ACWA Power develops and operates.
On this occasion, Mohammad Abdullah Abunayyan, Chairman of ACWA Power, said, “Our growing relationships with major Chinese entities is a reflection of the strong and friendly ties between Saudi Arabia and China. As a leading developer of power and water assets in the region committed to reducing cost and investing in several countries within the Belt and Road initiative corridor, ACWA Power has the unique position of being able to support the economic transformation envisioned by both; the ambitious and collaborative Belt and Road initiative as well as Saudi Arabia’s forward-looking and iconic Vision 2030. We look forward to playing a vital role in both these national agendas which complement each other.”
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ENGIE First Ambassador of France’s Pavilion at the 2020 Dubai Universal Exposition
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A major international player in energy and mobility, ENGIE will be the first Ambassador of France’s Pavilion at the 2020 Dubai Universal Exposition. Throughout the 24 weeks of the Exposition, the Group will present its many technological innovations in favor of sustainable cities and connected territories. With digital as a driver, these solutions are revolutionising energy use, and working towards cleaner, connected, autonomous and shared mobility.
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Enerwhere & Etihad Install Middle East’s Largest Solar Rooftop Plant
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The largest solar rooftop installation in the Middle East is on the verge of completion. This commendable feat of engineering ingenuity was commissioned by Etihad Esco and is being fulfilled by the DEWA-certified PV solar contractor and CEBC partner and board member Enerwhere. Upon finalization of the second phase later this year, the plant will have a total capacity of 18,100 kWp, making it the second largest solar rooftop in the world.
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DEWA to mount solar rooftops on 10% of Dubai homes
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The world’s largest oil exporter is embarking, under Crown Prince Mohammad Bin Salman, on an ambitious effort to diversify its economy and reinvigorate growth, in part by ploughing money into renewable energy. The Saudi government wants not just to reshape its energy mix at home but also to emerge as a global force in clean power.
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Dubai home to first solar-powered hydrogen facility in MENA
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During the 6th edition of the World Government Summit, Dubai Expo 2020, Dubai Electricity and Water Authority (DEWA), and Siemens, have signed a Memorandum of Understanding (MoU) to kick- off a pilot project for the region’s first solar-driven hydrogen electrolysis facility at DEWA’s outdoor testing facilities at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
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Dubai tenders 900MW of solar
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Dubai Electricity & Water Authority (DEWA) has issued a tender for 900MWac of solar located within the Mohammed Bin Rashid Al Maktoum Solar Park.
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UAE leads the region transition to sustainable mobility
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UAE comes in the fifth place in terms of the density of the electric vehicles charging stations, just after Germany, with 2.5 stations per 100km of paved roads, as per a study published by the International Energy Agency.
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Saudi Arabia plans $1.51b investment in renewable energy
Saudi Arabia is planning to tender seven renewable energy projects by mid-2019 to attract total investment of $1.51 billion (Dh5.5 billion), according to an announcement by the kingdom’s ministry of energy, industry and mineral resources on Tuesday.
First Middle Eastern utility-scale solar-plus-storage plant comes online
Jordanian PV panel maker Philadelphia Solar has announced completion of the largest solar-plus-storage power plant in the MENA region. The 23 MW/12.6 MWh facility is near Mafraq, in northern Jordan.
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1.5 GW solar, 500 MWh battery project breaks ground in Australia
The first sod has been turned on a massive solar+storage development located between Harlin and Kilcoy, in south-east Queensland. The project was proposed by Sunshine Energy Australia, a newcomer to the Aussie solar scene.
"Europe" installed 8-11 GW of solar in 2018
New solar installations in the European Union reached around 8 GW last year, marking a 36% increase on 2017, when the bloc installed 5.9 GW. The wider continent, including Turkey and Russia, also increased the rate of installation, to hit 11 GW, up 20% from the 9.2 GW recorded a year earlier, according to a statement by trade association Solarpower Europe.
2019: A year for critical adjustments
According to PV InfoLink’s supply/demand database, JinkoSolar’s shipments surpassed 11 GW in 2018, far higher than any other manufacturer. Astronergy (Chint) and Talesun both ranked 10th. This marked Astronergy’s first time ranked in the top 10.
Tesla's big Aussie battery made $ 29m AUD in 2018
The Tesla big battery at Hornsdale in South Australia pulled in revenue of €18 million ($A29 million) in calendar 2018, well ahead of the expectations of its owner and operator, the French renewable energy developer Neoen.
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CEBC welcomes new partner members
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As a global top 15 law practice, Eversheds Sutherland provides legal advice and solutions to a global client base ranging from small and mid-sized businesses to the largest multinationals.
The Eversheds Sutherland clean energy team in MENA is one of the most experienced in the region. The team has worked on over 20 of the Round II FiT solar projects in Egypt and 10 out of the 12 Round I solar projects in Jordan. This team has won multiple awards for their work in the region including those of MESIA, MENASOL and IFLR.
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Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France. With more than 21,000 employees, Natixis is a global player with its own client base of companies, financial institutions and institutional investors as well as the client base of Groupe BPCE’s banking networks.
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