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ACWA Powers Up Solar Initiatives Across Africa BP Delays Commissioning of Major AREH Hydrogen Project
200,000 homes, ACWA Power continues to expand its footprint in Africa. The Saudi Arabian company has invested about USD 7 billion in various projects across the
Oct 28, 2024 // Plants, Large-Scale, Commercial, ACWA Power, hydrogen project
Active cooling for PV modules in floating arrays
from Saudi Arabia's Majmaah University and also Italy's Polytechnic University of Milan have actually designed an active cooling system for photovoltaic panels
Sep 15, 2020 // Technology, Manufacturing News, Floating PV, floating PV, JinkoSolar, Asia, Pakistan, cooling
Inverted perovskite-silicon tandem solar cell with 29.3% effectiveness
Researchers in Saudi Arabia have built an inverted perovskite-silicon tandem device with a 1 nm thick interlayer based on magnesium fluoride (MgFx). They declare it can quit voltage losses and boost power conversion performance, while preserving 95.4% of its initial performance after 1,000 hrs.
Jun 29, 2022 // Technology, Saudi Arabia, Asia, efficiency, KAUST, perovskite-silicon, solar sell
ACWA Power Launches 200-MW Solar Plant in Uzbekistan
Saudi Arabia's ACWA Power Co has commenced commercial operations for its 200-MW solar photovoltaic project in the Tashkent region of Uzbekistan, known as the Riverside project. This facility, which recently received its Commercial Operation Certificate, will also incorporate a 334-MW/550-MWh battery storage system, currently under construction. The project operates under a Build, Own, Operate, Transfer (BOOT) model and is backed by a 25-year power purchase agreement with JSC National Electrical Grid of Uzbekistan.Earlier this year, ACWA Power secured financing for the Riverside project, along with debt for its 100-MW Nukus 1 wind project. The company is also focusing on two additional solar parks with a total capacity of 1 GW and two battery systems of 334 MW each, as well as 500 kilometers of high-voltage transmission lines in Uzbekistan.
What key features and future plans accompany ACWA Power's Riverside solar project in Uzbekistan?
Key Features and Future Plans for ACWA Power's Riverside Solar Project in Uzbekistan
Project Capacity and Efficiency: The Riverside project has an installed capacity of 200 MW, which marks a significant step in Uzbekistan's transition to renewable energy. This solar photovoltaic facility will contribute to decreasing reliance on fossil fuels in the region.
Advanced Battery Storage: In addition to the solar capacity, the integrated 334-MW/550-MWh battery storage system is designed to enhance the reliability and efficiency of energy delivery, allowing for better management of supply and demand, especially during peak usage times.
Sustainability Goals: ACWA Power is committed to sustainability and reducing carbon emissions. The Riverside project aligns with Uzbekistan's national targets for increasing renewable energy installations and achieving carbon neutrality.
Economic Development: The project is expected to create numerous local jobs during construction and operations, contributing to the economic development of the Tashkent region and enhancing energy security for Uzbekistan.
Infrastructure Expansion: As part of its future plans, ACWA Power is focusing on building two additional solar parks with a total capacity of 1 GW. This expansion is essential for meeting the country's growing energy needs and advancing its renewable energy agenda.
Enhancement of Grid Connectivity: The construction of 500 kilometers of high-voltage transmission lines will facilitate the integration of the new renewable projects into the existing grid, ensuring that generated electricity can be efficiently transported to consumers.
Long-term Investment Model: Operating under a Build, Own, Operate, Transfer (BOOT) model with a 25-year power purchase agreement reflects ACWA Power's commitment to long-term investment and stable returns, providing assurance to stakeholders and investors about the project's sustainability.
Financing and Partnerships: The successful securing of financing for both the Riverside solar project and the Nukus 1 wind project highlights ACWA Power's robust financial strategy. Strategic partnerships will play a crucial role in scaling up renewable energy infrastructure in Uzbekistan.
Future Innovation: ACWA Power is likely to explore innovative technologies, such as advanced photovoltaic systems and smart grid solutions, to enhance project efficiency and responsiveness to market demands as part of their ongoing commitment to energy innovation.
Regulatory Support: The Uzbek government is actively supporting renewable energy initiatives, creating an enabling environment for projects like Riverside to flourish, which includes favorable policies and incentives aimed at attracting foreign investment.
Together, these features and plans position ACWA Power's Riverside project as a pivotal component of Uzbekistan's renewable energy landscape and contribute to regional sustainability targets.
Nov 14, 2024 // Plants, Large-Scale, Commercial, Asia, Uzbekistan, ACWA Power, PV Power Plant, Riverside solar project
Climate-Tech VC Investing Tops $17bn in 2020
maker learning to identify as well as sort waste plastics. On January 31, Saudi Arabia's Ministry of Energy announced that a brand-new AI center will be constructed
Mar 18, 2021 // Markets & Finance News, BloombergNEF, Total Carbon Neutrality Ventures, Total SE
Largest solar thermal power stations (CSP) list
in February 2019, 10 hours thermal storage
50
Waad Al Shamal ISCC Plant
Saudi Arabia
map
General Electric
ISCC with parabolic trough
Commercial
Oct 14, 2024
Abdul Latif Jameel unit launches solar plants in Jordan
The four solar plants will supply more than 600 GWh per year in Jordan
Nov 4, 2019 // Plants, Large-Scale, Commercial, Jordan, Asia, Abdul Latif Jameel, Fotowatio Renewable Ventures, Omar Al Razzaz, Tristn Higuero, Raad Al Saady
Investment estimates for 2020 remain to indicate a record downturn in investing
in manufacturer economic climates with some monetary barriers, such as Saudi Arabia and Russia (where firms benefit from money devaluation as well as adaptable
Oct 28, 2020 // Market Research, USA, Saudi Arabia, UTILITY-SCALE SOLAR, China, Europe, Asia, investment, North America, Russia, International
Solar PV & Energy Storage World Expo 2024
Solar PV & Energy Storage World Expo 2024 Outlook
Event Name: Solar PV & Energy Storage World Expo
Venue:Canton Fair Complex B Area
Country:
Oct 26, 2023 // Solar
Ultra-low solar bid of $0.01997/kWh in the US – not quite so sunny
PV technology has made significant progress in a short amount of time, leaving solar enthusiasts chuffed. Opponents, on the other hand, brand it as unworkable boondoggle, surviving on the crutches of subsidies and only salving the conscience of the green-minded companies cosseted by political forces. The naysayers do have partial truth in their argument - governments the world over have been supporting the growth of this child with the moniker “solar” with public finances. So, this is the partial truth and the enthusiasts have just enough firepower to say that all energy is, after all, subsidised one way or another – in terms of uncompensated costs of air pollution, congestion and global warming and the consequential irreversible damage these fossil fuels have done to the planet. Perhaps more important and statistically relevant is a report published by the IMF in 2015, which had pegged subsidies to fossil fuels at US$5.3 trillion.
Aug 5, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Solar, USA, bifacial, monocrystalline, ssfusa, North America
Peak Emissions Are Closer Than You Think – and Here’s Why
By Michael Liebreich
So here we are, standing on the threshold of a new decade. It will be, to paraphrase Winston Churchill, a decade of consequences.
Jan 8, 2020 // Opinions, shell
The First Phase of the Transition is About Electricity, Not Primary Energy
This article first appeared in the January 2020 edition of Papeles de Energia with the title “Perspective on the Energy Transition”. It was
Jan 31, 2020 // Opinions, Market Research, First Solar, Seb Henbest