Energy

The agreement supports the UAE Net Zero 2050 strategy. (Image source: Lootah Biofuels)

Emarat Petroleum Company (Emarat) and Lootah Biofuels have signed an MoU to bolster renewable energy efforts and align with the UAE's sustainability goals.

The agreement supports the UAE Net Zero 2050 strategy and the National Biofuels Policy, aiming to reduce greenhouse gas emissions and promote clean energy.

Under the MoU, Emarat and Lootah Biofuels will expand the collection network for used cooking oils through Emarat’s retail stations.

This initiative will facilitate biofuel production, offering an environmentally friendly alternative to traditional fossil fuels. The partnership also explores introducing biodiesel (B5) at Emarat’s retail stations, in compliance with Ministry of Energy and Infrastructure (MoEI) guidelines.

In addition, the collaboration includes feasibility studies to establish a sustainable aviation fuel (SAF) production facility, catering to the aviation sector’s growing need for eco-friendly solutions. The parties also plan to supply biodiesel to vessels in specific ports, supporting sustainable maritime transport and reinforcing the UAE’s role as a global logistics hub.

Masdar and Endesa have finalised a partnership to advance renewable energy projects in Europe. (Image source: Masdar)

Masdar has acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of approximately US$1.3bn and an equity value of around US$751mn.

In addition, Masdar and Endesa have finalised a partnership to advance renewable energy projects in Europe. As part of this agreement, Masdar has purchased a 49.99% stake in EGPE Solar for an enterprise value of about US$885mn and an equity value of approximately US$303mn.

EGPE Solar, a subsidiary of Enel Group’s Endesa, manages a 2-gigawatt portfolio of operational photovoltaic (PV) assets in Spain.

Saeta’s portfolio comprises 745 megawatts (MW) of primarily wind energy assets, including 538MW in Spain, 144MW in Portugal, and 63MW of solar PV assets in Spain, alongside a 1.6-gigawatt development pipeline.

The transaction excludes a regulated 350MW concentrated solar power portfolio, which Brookfield will retain and continue to manage.

The agreement grants Masdar a significant stake in EGPE Solar, while Enel remains responsible for the company’s operations and assets. This collaboration involves long-term power purchase agreements (PPAs), enabling Endesa, through a subsidiary, to procure 100% of the energy generated by the photovoltaic projects. The partnership also includes plans to integrate 0.5GW of battery energy storage systems (BESS) into the portfolio, aligning with strategic goals for renewable energy expansion.

Mohamed Jameel Al Ramahi, CEO of Masdar, said, “These landmark acquisitions build on Masdar’s strong growth story and reinforces its credentials as a trusted global partner for governments, investors and communities, demonstrating our commitment to the EU’s wider Net Zero by 2050 strategy. The acquisition of Saeta, as well as our partnership with Endesa, is a strong vote of confidence in Spain and Portugal where we will work to unlock new capacity as Masdar targets a global capacity of 100GW by 2030.”

Trinasolar is partnering with AMEA Power to deliver 300MWh of its advanced Elementa 2 platform (5MWh) for the Abydos Battery Energy Storage Project in Aswan, Egypt.

This initiative marks a significant milestone as the largest solar PV project in Africa and the first in Egypt to incorporate a utility-scale battery energy storage solution (BESS).

The Abydos Solar PV Project, developed by AMEA Power, expands the operational 500MW Abydos Solar PV power plant in Kom Ombo, Aswan Governorate. By integrating a 300MWh BESS, the project reinforces Egypt's dedication to advancing sustainable energy and enhancing grid resilience.

The inauguration of the 500MW Abydos Solar Power Plant, hosted by AMEA Power, was graced by prominent officials, including Egypt’s Prime Minister, His Excellency Dr. Mostafa Madbouly, and the Minister of Electricity and Renewable Energy, His Excellency Dr. Mahmoud Esmat, alongside executives from Trinasolar.

Energy China ZTPC, established in 1958, is a subsidiary of Energy China Construction Group Co., Ltd. Over the years, ZTPC has grown into a diversified enterprise with expertise in thermal and nuclear power plants, clean energy projects, power grid construction, and power plant maintenance and repair.

The Elementa 2 platform (5MWh), equipped with Trinasolar’s in-house vertically integrated LFP cells, is a state-of-the-art grid-scale battery storage solution prioritising efficiency, safety, and reliability. Its standout features include a cutting-edge module design that boosts energy density and supports multiple PCS systems, smart liquid cooling for precise thermal management, and advanced safety measures, including fire mitigation and suppression systems. Designed for adaptability and cost-effective maintenance, the platform maximises performance while lowering overall project expenses.

The solar plant was completed in 18 months. (Image source: AMEA Power)

AMEA Power, a renewable energy company, has announced the commissioning of the 500MW Abydos Solar PV Plant in Egypt

The plant is the country's largest solar project yet. 

The project was inaugurated at a ceremony attended by the Minister of Electricity and Renewable Energy, His Excellency Mahmoud Esmat and chairman of AMEA Power, Hussain Al Nowais.

Financed by the International Finance Corporation (IFC), Dutch Entrepreneurial Development Bank (FMO), and Japan International Cooperation Agency (JICA), the Abydos Solar PV Plant will generate around 1,500GWh of clean energy annually which is enough to power approximately 300,000 households. According to AMEA Power, the plant has been completed within just 18 months, with more than 3,000 personnel contributing to its construction.

“I am proud to announce that the 500MW Abydos Solar PV Plant is now fully operational – a landmark achievement that highlights the dedication of our team, the strength of collaboration, and the importance of empowering local communities,” remarked Al Nowais. “This milestone demonstrates AMEA Power’s technical excellence and sets a new standard for renewable energy projects. The solar power plant is a significant step in Egypt’s renewable energy strategy, supporting the goal of achieving 42% of energy generation from renewables by 2030. Together, we are driving progress toward a sustainable future.”