Renewable energy Archives - Page 5 of 18 - Living Business

category="<a href="https://livingbusiness.com/category/environment/renewable-energy/green-hydrogen/" rel="tag">Green hydrogen</a>,<a href="https://livingbusiness.com/category/environment/renewable-energy/" rel="tag">Renewable energy</a>">Category: Renewable energy

NEOM Oxagon update: Green hydrogen project on track for completion

Published on July 10, 2023

Global utility project developer Acwa Power has announced that work is currently underway on its ambitious green hydrogen facility at Oxagon within the Saudi futuristic city NEOM and is due for completion by the end of 2026. The mega project, being developed by NEOM Green Hydrogen Company (NGHC) – a joint venture between Acwa Power, US industrial gases […]

FIVE hotels first in UAE to get renewable energy credits

Published on July 10, 2023

FIVE has become the first and only hotels in the UAE to obtain the International Renewable Energy Certificates (I-REC) to achieve 100% renewable electricity for 2022. These Certificates were received from the Mohammed bin Rashid Al Maktoum Solar Park, which Dubai Electricity and Water Authority (Dewa) is implementing. The solar park is the largest single-site […]

OPEC Fund partners with IRENA to accelerate energy transition financing

Published on June 23, 2023

The OPEC Fund for International Development (OFID) has signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform, a global initiative that seeks to mobilise funds for renewable energy investments. The OPEC Fund plans to support the platform with up to US$250 million in financing until […]

APM Terminals Bahrain to become region’s first fully solar energy-powered port

Published on June 21, 2023

APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has announced the launch of a ground-breaking solar power project worth approximately BHD3.8 million (US$ 10 million), which will make the port energy self-sufficient by the end of 2023. By implementing this project, the terminal will reduce its carbon emissions by 65% while also securing […]

UAE and Egypt sign agreement to advance $10bn wind project

Published on June 7, 2023

A group of companies, including Abu Dhabi’s Masdar, have signed an agreement with Egypt’s New and Renewable Energy Authority to secure land for a $10 billion wind farm. Masdar, Egypt’s Infinity Power and Hassan Allam Utilities signed an agreement last year to develop the 10-gigawatt project, which is expected to save the North African country $5 billion […]

The next generation of solar energy collectors could be rocks

Published on June 7, 2023

The next generation of sustainable energy technology might be built from some low-tech materials: rocks and the sun. Using a new approach known as concentrated solar power, heat from the sun is stored then used to dry foods or create electricity. A team reporting in ACS Omega has found that certain soapstone and granite samples from Tanzania […]

Saudi Arabia’s first sustainable guarantee issued to green hydrogen project at NEOM

Published on June 7, 2023

Saudi Arabia’s green hydrogen project being developed at NEOM received the Kingdom’s first sustainable guarantee from the British bank Standard Chartered, which agreed to extend funding support for its contractor Larsen & Toubro to build the necessary renewable energy infrastructure. Located at Oxagon, the world’s largest green hydrogen plant is being built by NEOM Green Hydrogen Co., which is an equal joint venture between ACWA Power, Air Products and the […]

Tarshid in energy conservation deal for Kingdom Tower

Published on June 5, 2023

The National Energy Services Company (Tarshid) has signed a contract with the Trade Center Company, a unit of Saudi-based Kingdom Holding, to start the detailed study required for retrofitting the Kingdom Tower in Riyadh and its associated facilities. This aims to increase energy efficiency and reduce energy consumption in the tower, which is one of […]

Solar panel efficiency to increase 50% with “miracle” cells

Published on May 31, 2023

“Miracle” tandem cells are said to improve solar panel efficiency by 50% with the world’s first commercialisation of perovskite solar cells A South Korean company has made a groundbreaking achievement as they unveiled the world’s first production line dedicated to perovskite-silicon tandem solar cells. These innovative solar cells have the potential to boost efficiency by 50-75% compared […]

RTA rolls out strategy to transition to zero-emissions operations by 2050

Published on May 30, 2023

Dubai’s Roads and Transport Authority (RTA) has rolled out its ‘Zero-Emissions Public Transportation in Dubai 2050’ strategy, which makes it the first Middle Eastern agency to develop a long-term strategy for migrating towards Net-Zero Emission Public Transport by 2050. With this strategy, RTA aims to contribute to mitigating climate change and minimise its carbon footprint […]

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