Aluminium manufacturer EGA, partners team up to breakthrough solar power in UAE
- Emirates Global Aluminium (EGA) is partnering with Abu Dhabi National Energy Company, referred to as Taqa, the Emirates Water as well as Power Company (Ewec) and Dubal Holding to develop even more solar generation capacity in the UAE and also decarbonise aluminium manufacturing.
The collaboration, which is pending authorizations, will aid EGA achieve net-zero by 2050 and also support Ewec's approach to establish more renewable energy projects, Ewec said on Wednesday. It will likewise boost production of CelestiAL solar aluminium.
The 4 companies are planning an offer under which Taqa and also Dubal Holding would acquire EGA's electrical power generation assets in the UAE, consisting of 6.47 GW of mainly mixed cycle gas nuclear power plant, and also the power generated from these possessions would certainly be supplied to the grid under a long-lasting power purchase agreement (PPA).
EGA would procure power from the network with a lasting supply agreement which would certainly make it the largest solitary customer on the grid, developing foreseeable and also steady demand for power. The initiative would certainly elevate the share of clean energy in EGA's aluminium manufacturing as it would give it accessibility to existing solar plants.
The teamwork with EGA will certainly allow Ewec to create even more solar capacity in the Gulf country. The projects that would arise from this initiative are expected to have a better output than the present overall installed solar capacity in the nation.
Ewec has actually currently managed the advancement of the world's two biggest solar photovoltaic projects-- Noor Abu Dhabi and also Al Dhafra PV in the UAE. Taqa and Abu Dhabi's renewable energy company Masdar hold a 60% stake in the 2-GW Al Dhafra Solar PV project in Abu Dhabi where Ewec will certainly off-take the electrical energy.
"Today, we are taking an additional historical step in the direction of attaining net-zero greenhouse gas emissions by 2050. We are additionally guaranteeing that EGA's worldwide competition will certainly enhance over the decades in advance, not just as the world's biggest 'premium aluminium' producer yet additionally one of its most environmentally-responsible," said EGA's chief executive Abdulnasser Bin Kalban.
EGA, similarly owned by Mubadala Investment Company of Abu Dhabi as well as the Financial Investment Corporation of Dubai, operates aluminium smelters in Jebel Ali and also Al Taweelah, an alumina refinery in Al Taweelah and also a bauxite mine in Guinea. In 2021, the company marketed 2.54 million tonnes of cast steel.