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Monday, 6 March 2023

Algeria launches tenders for 15 solar plants + Neom and Ma’aden receive gov’t incentives

Algeria launches tender for 15 solar plants: Algeria’s Sonelgaz Renewable Energies — a subsidiary of state-owned Sonelgaz — has launched a tender for the construction of 15 solar plants with a total capacity of 2 GW, according to a company statement released last week. The company says the submission of tenders and the opening of bids are scheduled for 29 May for the projects that will produce from 80 to 220 MW each.

KSA renewables projects set to receive government incentives under Shareek: Neom’s green hydrogen project and Ma’aden’s Wa’ad Al Shamal Phosphate 3 project are among 12 private-sector projects selected for government incentives and support under the Shareek program, according to an official statement released last week. The program helps local companies that fall within the qualification criteria accelerate the pace of implementing their projects, and explore new investment opportunities to increase the volume of investments. The combined value for the 12 projects approved is USD 51 bn, with Neom and Ma’aden’s projects representing USD 8.5 bn and USD 278 mn respectively.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Oman’s Transport Ministry and a consortium of companies have inked an agreement to extend feasibility studies for tidal power at the Masirah sea bridge, with the results to be presented at the end of the year to guide the investment decision. UK-based consultancy Translucidus partnered with Norwegian wave-power company Havkraft last week to establish Oman’s first wave energy power generation facilities. (WAF Oman)
  • The Executive Council of Dubai approved the Green Procurement Policy, an initiative aimed at broadening the use of sustainable materials in the local supply chain, and developing environmental standards for procuring green products. The policy will focus on four categories in its first phase: construction materials, information technology devices, lighting materials, and the waste management sector. (Wam)
  • Emirates Water and Electricity Company met total power demand for Abu Dhabi in renewables by 80% for the first time in February. (Wam)

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