2 minute read
EDITOR’S NOTE CONTENTS
Clean Energy
Saudi Arabia to see world’s largest green hydrogen facility with NEOM; Dubai Industrial City brings in lucrative investments from local and global companies; Uzbekistan and TAQA strike power deal
Coal as the key to a hydrogen future? 30 Scientists present research on geological formations and how they can store hydrogen
Energy
economy
Interview on Schneider Electric’s public-private partnerships and drive towards sustainability
IN OUR ANNUAL Power Review, Martin Clark reports on the shift happening in the Gulf region to cleaner energy development. The energy trilemma is driving an increasingly diversified energy portfolio into wind, solar, fossil fuels and generation from nuclear (Pages 2425)
We received an overwhelming response to the MENA Construction 4.0 Forum, conducted in association with Technical Review Middle East. Please read the review on pages 16 and 17.
This issue also shines the spotlight on how electric vehicles are gaining popularity in MENA (Page 32) as well as how Schneider Electric is accelerating the circular economy (Page 34).
The Buyers’ Guide on pages 4044 brings you a comprehensive list of the region’s electrical equipment suppliers.
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10 GW onshore wind farm coming up in Egypt
ABU DHABI FUTURE Energy Company PJSC Masdar, a clean energy company, along with Infinity Power, a renewable energy developer in Africa, and Hassan Allam Utilities, a sustainable infrastructurefocused investment platform, signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10 GW capacity onshore wind farm in Egypt. It is set to be one of the largest in the world, with a project value of more than US$10bn.
The signing in Cairo was witnessed by Egyptian Prime Minister Moustafa Madbouly; Sultan Al Jaber, UAE Minister of Industry and Advanced Technology; Mohamed Shaker ElMarkabi, Minister for Electricity and Renewable Energy; Mohamed Jameel Al Ramahi, CEO of Masdar; Nayer Fouad, CEO of Infinity Power, and Hassan and Amr Allam, CEOs of Hassan Allam Holding. The landmark wind project will produce 47,790 GWh of clean energy per year and reduce around 9% of Egypt’s annual carbon emissions by displacing 23.8 mn tonnes of carbon dioxide annually. The wind farm will also help Egypt meet its strategic objective of sourcing 42% of its energy from renewables by 2030. The 10 GW plant will save the North African nation an estimated US$5bn in natural gas costs a year.
As the UAE’s flagship renewable energy company, Masdar’s role demonstrates its deep and lasting commitment towards supporting African nations such as Egypt to meet their ambitious renewable energy objectives. The project is being developed by the consortium led by Masdar and its partners: Infinity Power, Masdar’s joint venture with Egypt’s Infinity, which is Africa’s largest pure play renewable power company; and Hassan Allam Utilities, a sustainable infrastructure focused investment platform.
Al Jaber said, “This 10 GW onshore wind project is set to be one of the largest wind farms in the world, and largest on the African continent. It is a sign of the strong partnership between the UAE and Egypt, with great potential to create jobs, cut emissions and power homes with clean electricity at competitive economical costs.”
