Renewables

ENGIE Africa consortium starts operation of Egypt’s largest wind farm

Engie egyptENGIE Africa has announced that construction and commissioning of the 262.5MW Ras Ghareb wind farm in Egypt is complete 45 days ahead of schedule

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ACWA Power signs power purchase deal for Egypt’s 200MW Kom Ombo solar plant

ACWA Power EgyptSaudi Arabia-based ACWA Power, an international developer and operator of power generation and water desalination facilities, has signed a power purchase agreement (PPA) with the Egyptian government to develop, finance, construct and operate the 200MW-Kom Ombo photovoltaic plant

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ACWA Power awarded two 125MW solar projects in Ethiopia

ethiopiapicture 782721ACWA Power, an International developer and operator of power generation and water desalination projects, was awarded two 125 MWac solar photovoltaic (PV) projects by the Public Private Partnership Directorate General (PPP-DG) of the Ethiopian Ministry of Finance


ACWA Power won the bid for the plants during the first round of Ethiopia’s solar programme organised under the new PPP law.

ACWA Power and Ethiopia Electric Power (EEP), the state-owned electricity producer, and the Ministry of Finance signed a letter of intent. The entities will proceed to sign a long-term power purchase agreement for the projects at US$2.52 cents/kWh over a time span of 20 years before the end of 2019.

With a combined capacity of 250MWac, the projects will contribute in addressing the current energy shortfall as well as diversifying the energy mix in Ethiopia, where the government is currently working to increase the electricity generation capacity of the country from 4,300MW today to 17,300MW by 2020. The new plants will be located in Dicheto of the Afar region, and in Gad of the Somali region.

“We welcome the opportunity to help the country realise its incredible renewable resource potential and deliver significant economic, social and environmental value,” said Paddy Padmanathan, CEO of ACWA Power.

“Our entrance into Ethiopia is yet another attestation of our impressive track record to win bids at low tariffs, and transform the energy sectors of growing economies. We thank the PPP-DG and the government for their transparent tendering process and professional approach under the framework of the new PPP law,” said Rajit Nanda, chief investment officer.

 

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Bringing down emissions a top focus at UN Climate Action Summit

solar wind 23sGlobal efforts to bring down emissions are top of the agenda at the UN Climate Action Summit, which takes place in New York

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‘Gas, renewables and CCS must work together to secure rapid energy transition’

16696045870 cbd96236f5 z 1Gas and variable renewables will be the only energy sources for which demand is higher in 2050 than today, but they must work together alongside greater uptake of carbon capture and storage (CCS) to secure a rapid energy transition

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