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The mega-plant of NEOM Green Hydrogen Company will combine up to 4 GW of solar and wind energy to make up to 1.2 million metric tonnes of green ammonia, according to the report.
According to the media, Magnom Properties, a subsidiary of Saudi Arabia’s Rawabi Holding, is demonstrating its commitment to building smarter and greener cities with the announcement that plans are being made to develop a variety of sustainable real estate projects in Saudi Arabia with Adrian Smith + Gordon Gill Architecture (AS+GG Architecture) as well as The Carbon Lab, which is based in Chicago, USA.
Contact Financial Holdings has launched its latest product, "Green Finance," according to a recent press release.
According to a report, the development of the Jafurah unconventional gas field is one of Aramco's most ambitious projects in its history.
Al Ain Zoo has announced the successful conversion of 10 percent of its vehicles to become natural gas vehicles [NGV] in 2022.
This is one of those cases where having two people is preferable to having just one. One example is the integration of solar power with battery storage. The primary reason for this is that solar panels do not always provide energy when it is most required. In the summer, peak electricity demand typically comes in the afternoons and nights, when solar energy production is decreasing. This is when most individuals who work throughout the day have returned home and are utilising power to do things like keep cool, prepare meals, and clean up afterward.
Energy consumption in the Gulf Cooperation Council (GCC) countries is the highest in the world at 6260 MW h per capita per year because of their enormous populations, large fossil fuel reserves, and high levels of industrial activity. The primary fuels are oil and gas, with the Kingdom of Saudi Arabia (KSA) being the world's second-largest oil producer and Qatar being the top LNG exporter. Since the Gulf Cooperation Council (GCC) countries are dry states (only receiving an average of 90 millimetres of precipitation annually), a significant portion of their energy output goes toward desalinization projects. Numerous reports have pointed to the importance of expanding renewable energy technology as part of the answer to ensuring people have access to safer, more sustainable options.
The countries of the Gulf Cooperation Council (GCCC) are investing more in renewable energy than in conventional energy sources in order to achieve sustainable development, that is, to strike a healthy balance between environmental, socio-economic, and energy security and governance. Based on current renewables targets, the GCCC could save 354 million barrels of oil equivalent (a 23% reduction), generate over 220,500 new jobs, cut carbon dioxide emissions by 22% in the power sector, and reduce water withdrawal by 17% by 2030, according to a report by the International Renewable Energy Agency (IRENA). For over 30 years, the GCCC has been implementing renewable energy initiatives, with a recent trend showing an increase in the scope of these endeavours.
Renewable energy goals, cutting-edge R&D, and investments in the full value chain of the relevant industry are all in support of these. GCCC has the following goals for renewable energy production: Oman 10 by 2020 (600 MW), Kuwait 15 by 2030 (11,000 MW), Saudi Arabia 30 by 2040 (5400 MW), United Arab Emirates 30 by 2030 (5000 MW), Kingdom of Saudi Arabia 30 by 2040 (5400 MW), and Qatar 20 by 2030 (20,000 MW) (1800 MW).
Green hydrogen has the potential to displace fossil fuels as a major energy source for transportation, electricity, and heating in the Middle East, which now accounts for approximately three-quarters of global greenhouse gas emissions.
There are still considerable obstacles to overcome before the full promise of green hydrogen can be realised, but the region appears to be in an excellent position to play a leading role. A 2022 Strategy& research indicates that the cost of producing solar, wind, and green hydrogen in the Gulf is around one-third of the world average, and that Gulf solar panels produce double the electricity that those in Germany do.
POWER CHINA International, HDEC, and AMEA Power (UAE) signed the EPC contract for a 500 MW wind power project in Amonet, Egypt, said the report.