Acwa Power and Huawei partner on renewables R&D program: KSA’s Acwa Power has inked an MoU with China’s Huawei Digital Power to develop a joint research and development (R&D) program that aims to localize photovoltaic string production tech in Saudi Arabia, according to a statement released on Friday. The program will work on maximizing the efficiency of Acwa Power’s solar panels to push down installation and maintenance costs associated with solar projects while reducing balance of system costs. The agreement may also see the two sides partner on the deployment of microgrid power systems to optimize energy performance, load balancing, and grid stability, which will in turn accelerate the transition to renewables and help KSA move away from fossil fuels, the statement notes.

Egyptian contractor Petrojet and Huawei Digital Power signed an MoU to increase collaboration in projects aimed at reducing emissions in the petroleum field, according to a statement released on Friday. The agreement aims to have Huawei use its newest technologies in solar energy storage and green data centers to improve energy efficiency and decrease dependence on diesel. Some technologies will be used in operating machines and controlling systems in oil and gas facilities and their pipelines.

Omoda and Jaecoo — a subsidiary of China’s Cherry Group — will launch its first electric car — the Omoda 5 EV — in Saudi Arabia’s markets in 4Q 2023, Al Watan reported on Thursday. The sales will be managed by the company’s international office in Riyadh — expected to launch in the next quarter — marking a different approach than other car manufacturing companies that rely on major distributors to carry out sales in the Saudi Arabian market. The Omoda 5 EV is a two-door, four-seater EV with a 61kWh battery offering a range of 450 km with over 204 horsepower and a fast charge time of 35 minutes.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • UAE waste management company Beeah Group has signed an MoU with sustainable cleaning technology company Karcher Middle East to supply the Group with equipment for enhancing its waste management operations. (Wam)
  • BMW became the first client to purchase Emirates Global Aluminium’s CelestiAL-R aluminum blend — aluminum produced using solar energy while integrating scrap metals in its process. (Statement)
  • Qatar and South Korea have committed to push for four MoUs to boost cooperation on smart grids, power generation, and marine transport during the Qatari-Korean Investment Forum in Seoul. (Yonhap News Agency)
  • Al Futtaim Auto & Machinery Company has launched the region’s first-ever heavy-duty electric truck. (Statement)
  • KSA-based Al Fanar Construction is earmarking SAR 10 bn (USD 2.67 bn) to build and operate five temporary housing complexes in Neom. The project will include solar power, wastewater treatment, and computerized waste management facilities to ensure the complex’s sustainability. (Al Okaz)
  • UAE-based Magnus Green Solar partnered with India’s Cliantech Solutions to set up a fully automated solar module manufacturing line with an initial annual capacity of 600 MW, to later be expanded to 1.2 GW over two phases. The production line will be the first of its kind in the region. (Solar Quarter)
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