ARABIA DISCUSSES EXPORT OF CLEAN HYDROGEN TO EUROPE WITH NETHERLANDS

SAUDI

Prince Abdulaziz Bin Salman, the Energy Minister of Saudi Arabia discussed the export of clean hydrogen to Europe with Wopke Hoekstra, the Netherlands’ Minister for Foreign Affairs and Prime Minister. During the meeting, the two sides discussed the relations of cooperation in different energy fields This was especially true in renewable energy and clean hydrogen as Saudi Arabia is aspiring to be a major player in this area

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MENA HOLDINGS AND RENEWABLE INNOVATIONS TO COLLABORATE ON GREEN HYDROGEN PRODUCTION AND DISTRIBUTION IN SAUDI ARABIA

Renewable Innovations, Inc (RI), a leader in the zero-carbon, green solutions alternative fuel industry, announces that it has signed an agreement for the creation of a joint venture with MENA Holdings, LLC to establish an assembly facility in the Kingdom of Saudi Arabia to build hydrogen fuel cell products for distribution in the Middle East and North Africa. MENA has expressed that there is significant interest in hydrogen in the Middle East with substantial funding available for this market Renewable Innovations products are expected to be a source of power generation from this green hydrogen production The MENA Group has over 15 years of ng business in Saudi Arabia

Standard Chartered Bank w Siemens Energy announces issuance of the first Gr Guarantee in Qatar A Gr Guarantee was issued to Q for a Solar Power Project be developed in Qatar It expected that this project play a significant role in Qat national climate change p This plan aims to reduce Qat carbon footprint and increase energy independence T Green instrument supports project’s success and long-t sustainability

Industry

EBRD PROVIDES UP TO EUR 5 MILLION GREEN LOAN TO ING LEASING TO FINANCE GREEN ECONOMY INVESTMENTS IN TURKEY

Isal Kiralama A S g) has secured a cured loan of up on ($5 6 million) Green Economy Facility Turkiye m the European construction and nt (EBRD) The e used to finance projects selected chnical, financial, nmental eligibility per the GEFF y cy Statement

EGH SECURES $80 MILLION LOAN FOR FIRST GREEN HYDROGEN FACILITY IN EGYPT FROM EBRD

OPEC FUND SUPPORTS NIGER SOLAR PLANT DEVELOPMENT WITH $25 MILLION LOAN FOR IMPROVED ELECTRICITY ACCESS

The OPEC Fund for International Development (the OPEC Fund) is providing a US$25 million loan in support of the Niger Solar Plant Development and Electricity Access Improvement Project (RANAA), which will scale up electrification and access to renewable energy in the country The OPEC Fund is joining forces with the African Development Bank, Power Africa, the Green Climate Fund, and the Government of Niger for a total financing of US$167 million gypt Green Hydrogen S A E (EGH) has secured an equity bridge loan of up to USD 80 million to develop and operate the first green hydrogen production facility in Egypt from EBRD The borrower will construct a 100 MW electrolyzer facility to produce green hydrogen, powered by renewable energy, that will substitute the grey hydrogen consumed by the Egyptian Fertilizer Company The green hydrogen will then be used to produce green ammonia, which will be exported to international markets

Ifc

In First Green

FC is investing up to $50 million in the five-year bond, issued by leading private sector bank Jordan Kuwait Bank (JKB) The financing comprises up to $36 million from IFC’s account, and a blended finance coinvestment of up to $10 million from the Canada-IFC Blended Climate Finance Program and $4 million from the Dutch-funded MENA Private Sector Development Facility, both implemented by IFC.

National Bank Of Fujairah Provides Credit Facility To Cleanmax For Uae Rooftop Solar Portfolio

The National Bank of Fujairah (NBF) announces that it has provided a longterm credit facility to CleanMax for refinancing its rooftop solar portfolio in the UAE The facility will cover 48 different operational rooftop solar assets, located in industrial facilities, malls, schools, and universities.

TAQA GROUP SUCCESSFULLY COMPLETES

US$1.5 BILLION DUAL TRANCHE 5YEAR AND 10YEAR BOND OFFERING bu Dhabi National Energy Company PJSC (TAQA) announced the successful placement of an aggregate of US$1.5 billion in 5-year and 10-year dual-tranche senior unsecured notes The 10-year notes, sized at US$1 billion and maturing on 24 April 2033, were issued at a coupon rate of 4.696%. These notes represent TAQA’s first green bond issuance and net proceeds of the issuance will be used to finance, refinance and invest in relevant eligible green projects, as outlined in the company’s Green Finance Framework The 5-year notes, sized at US$500 million and maturing on 24 January 2029, were issued as conventional bonds at a coupon rate of 4 375%

AIIB SUPPORTS MASDAR’S SOLAR POWER PROJECTS IN UZBEKISTAN IN THE AGGREGATE AMOUNT OF $83.6 MILLION

The Asian Infrastructure Investment Bank (AIIB) has signed three new project finance loan agreements in the aggregate amount of USD$83 6 million as part of a USD$396 4 million debt financing to Abu Dhabi Future Energy Company PJSC (Masdar) for the construction of three greenfields solar PV power plants in Uzbekistan’s Samarkand, Djizzakh, and Surkhandarya regions The Asian Development Bank, the European Bank for Reconstruction and Development, and the European Investment Bank are also supporting the financing

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EBRD PROVIDES $200 MILLION LOAN TO BORUSAN ENBW ENERJI FOR RENEWABLE ENERGY INVESTMENTS IN TURKEY

The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$ 200 million to Türkiye’s Borusan EnBW Enerji Yatirimlari ve Uretim A.S under a syndicated structure with the Netherlands Entrepreneurial Development Finance Company, FMO The proceeds of the loan will be used to strengthen the company’s balance sheet and facilitate a corporate reorganization that will consolidate the company’s energy portfolio, fuelling further investments into renewables

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ACWA POWER SECURES $123 MILLION FINANCING PACKAGE FOR 200 MW KOM OMBO SOLAR POWER PLANT IN EGYPT

CWA Power announced that it has signed a US$123 million financing package to develop the 200 MW Kom Ombo project, a utility-scale solar power plant in Egypt. The package comprises loans of up to US$ 36 million from the EBRD, US$ 14 6 million from the OPEC Fund, US$ 14 4 million from the AfDB, US$ 34 5 million from the GCF, US$ 14 8 million from Arab Bank and US$ 10 million from the SEFA under the COVID-19 IPP relief program The project already has equity bridge loans of US$ 14 million from the EBRD and US$ 45 million from the Arab Petroleum Investments Corporation (APICORP)

What is your general impression of the PV solar market in MENA region, and what are the current demand trends?

The solar PV business is very active in MENA region In order to build a green MENA, countries and governments in this region has attached great importance to solar energy, and initiate grand vision and development plans for the future. From 2022, we have seen that the entire solar PV market in MENA region is growing fast , with the demand for PV modules increasing by YoY more than 50%

Could you tell us briefly about JinkoSolar’s upgraded Tiger Neo modules, what are the main advantages that these modules offer and for which markets they are suitable?

State-of-art Technology & Affordability

Thanks to the scale of JinkoSolar, N-type Tiger Neo has been recognized as the most affordable & desirable solar panel for your PV projects

Improved High-Temperature Performance

Once the temperature a solar module operates in increases the power output of the solar module will decline Tiger Neo modules have a much lower temperature co-efficient compared to conventional PERC modules, which results in higher power output in a region with a hot climate

Low LID

The Light Induced Degradation (LID) and LeTID of Tiger Neo is extremely low when compared with the standard P-type cells.

Strong Track Record & Proven Field Performance

As one of the world’s Tier1 solar manufacturers, JinkoSolar has supplied nearly 150GW of high-efficiency solar panels to over 170 countries, more than any other brands to date

The Tiger Neo alone contributed nearly 25% of N-type sales volume within the ultra-premium segment in 2022 This was driven by strong demand for N-type in Europe, China, Australia, Latin America, and MENA.

Will Jinko launch new product during SNEC 2023? can you tell us more about it?

Jinko Solar is expected to launch several new products during the SNEC exhibition, including the Tiger Neo 2023 series, SunTank residential energy storage system, SunGiga C&I system, Suntera utility system, and BIPV product JinkoSolar are commitment to diversified application scenarios of photovoltaic technology, including building-integrated photovoltaic ecosystem and comprehensive energy solutions the company ensure product safety while maintaining high performance?

What needs to be done to increase the penetration of utility scale solar plants in MENA?

All-round safety guarantee of JinkoSolar ESS is constructed by analyzing the safety hazards of structure, electric and fire During the integration process, JinkoSolar ESS adopts multi-level and system-wide protection from the cell to the system, especially at the module and pack levels, which are easily overlooked

In terms of fire design, JinkoSolar ESS is equipped with fire protection equipment conforming to NFPA and other international fire standards Regarding to electrical protection, SunTera can accurately identify and quickly disconnect fault currents, and protect the safe operation of the circuit by reasonably selecting the fuse parameters at pack level, cluster level and system level.Lastly, advanced intelligent control management system is used to monitor system safety and analyze fault diagnosis in real time, which greatly reduces the safety threats

Where do you see the MENA solar and storage market in the next five years and what is Jinko doing to align itself with new market trends?

In my opinion, GCC countries are very active with profound development prospects and great Utility project pipeline Meanwhile, in some countries with limited electricity and lack of power resources, there are strong potential demands of households and industries products Therefore, we will provide different type of product portfolio to meet the power demands of different customers