RENEWABLES-

SPPC taps France’s Assystem KSA subsidiary for clean energy parks study: Saudi-based Assystem Radicon — a unit of French engineering services group Assystem — has been selected by the Saudi Power Procurement Company (SPPC) to conduct pre-development studies for renewable energy parks in Saudi Arabia, TradeArabia reports. This partnership is part of a three-year framework consultancy agreement aimed at providing technical pre-development services.

Assystem has also partnered with Neom: KSA’s Neom appointed Assystem to conduct several pre-development studies for seven planned solar parks in Tabuk and Duba in July 2023,. The planned parks could have the potential to generate over 20 GW in solar energy capacity. Assystem is a major global player in the nuclear engineering sector and has been supporting Saudi Arabia’s switch to low-carbon energy and infrastructure through its Radicon subsidiary, the news outlet added.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Etihad Rail launches sustainable finance framework: The UAE’s Etihad Rail has introduced a sustainable finance framework to align its future financing with its ESG strategy. Developed with First Abu Dhabi Bank, and Standard Chartered Bank, the framework links financing to clean transportation, green buildings, and pollution control. It outlines guidelines for green loans and bonds, project evaluation, fund management, and reporting. (Statement)
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