{"id":77030,"date":"2023-04-18T01:19:29","date_gmt":"2023-04-18T01:19:29","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/18\/solar-energy-updates-from-saudi-arabia-japans-sumitomo-invests-in-egypts-ev-production\/"},"modified":"2023-04-18T01:19:29","modified_gmt":"2023-04-18T01:19:29","slug":"solar-energy-updates-from-saudi-arabia-japans-sumitomo-invests-in-egypts-ev-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/18\/solar-energy-updates-from-saudi-arabia-japans-sumitomo-invests-in-egypts-ev-production\/","title":{"rendered":"Solar energy updates from Saudi Arabia + Japan\u2019s Sumitomo invests in Egypt\u2019s EV production"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Arctech tapped for Saudi\u2019s first solar tracker:<\/strong> China\u2019s Arctech has been tapped to provide a 1.5GW SkyLine II solar tracking solution for the ASB project in Saudi Arabia, according to a <a href=\"https:\/\/www.arctechsolar.us\/xiangmu\/341.html\">statement<\/a>. The details on the project for which Arctech has been tapped remain unclear, but the statement notes a long-standing relationship with ASB project owner Acwa Power and China Energy. The two companies are currently developing <a href=\"https:\/\/www.acwapower.com\/news\/pif-subsidiary-badeel-and-acwa-power-to-develop-the-mena-regions-largest-solar-energy-plant-in-saudi-arabia\/\">Al Shuaibah 2<\/a>, a 2.06 GW solar facility <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f37ee15a-470d-4f5a-9122-af6d8ae02535\">set to be<\/a> the largest of its kind in the region. The project will be the first solar tracking venture in Saudi Arabia by Arctech, which has implemented projects in Oman and the UAE.<\/p>\n<p><strong>What is solar tracking?<\/strong> <a href=\"https:\/\/www.britannica.com\/technology\/solar-tracker#:~:text=PV%20solar%20trackers%20adjust%20the,can%20be%20converted%20into%20power.\">Solar tracking systems<\/a> reorient PV panels to the direction of the sun, keeping panels perpendicular to the power source and effectively minimizing sunlight reflection and increasing solar energy absorption.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Saudi researchers develop world\u2019s most efficient solar tandem cells:<\/strong> Researchers from Saudi Arabia\u2019s King Abdullah University of Science and Technology (Kaust) created tandem solar systems \u2014 solar modules made up of silicon and perovskite sub-cells \u2014 with a power conversion efficiency rate of 33.2% \u2014 up 0.7 percentage points from previous global record holder Helmholtz-Zentrum Berlin, the <a href=\"https:\/\/www.spa.gov.sa\/viewstory.php?lang=en&newsid=2443767#\">Saudi Press Agency<\/a> reports. Kaust\u2019s solar division obtained certification for their solar cell from the European Solar Test Installation, which has listed the system on the National Renewable Energy Laboratory\u2019s Best Research-Cell Efficiency Chart.<\/p>\n<p><strong>Japanese investment company Sumitomo Corporation will invest USD 100 mn to <\/strong><strong>build an EV wiring harness production facility in Egypt<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid0Pz9uZbJRC6DuRjhEYCdAb88rSzAu3FEb5fGQE97Xxxqb8rKuUbeV8QcEdpavZMjil?locale=ar_AR\">statement<\/a> released by the General Authority for Investment and Freezones (GAFI) last week. The project\u2019s timeline was not disclosed, but GAFI notes a chunk of the products manufactured in Sumitomo\u2019s 150k sq meter facility would be exported to international markets. GAFI awarded Sumitomo\u2019s planned project its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87652563-d0ea-4bdd-bf65-b1ccedb390f3\">golden license<\/a> \u2014 a single approval covering everything from project establishment, including land allocation and building licensing, through to project operation and management. No timeline was given for when the facility is expected to come online.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Emirates Central Cooling Systems (Empower)<\/strong> will pay an undisclosed contractor <strong>AED 100 mn (USD 27.8 mn)<\/strong> to optimize <strong>energy efficiency<\/strong> at its district cooling plant in Dubai\u2019s <strong>Jumeirah Beach Residence.<\/strong> (<a href=\"https:\/\/wam.ae\/en\/details\/1395303148844\">Wam<\/a>)<\/li>\n<li><strong>The OPEC Fund<\/strong> and <strong>the European Bank for Reconstruction and <\/strong><strong>Development <\/strong>have signed <strong>a cooperation agreement <\/strong>to earmark <strong>USD 2 mn<\/strong> for the identification and joint development of <strong>climate resilience and food security<\/strong> projects in the MENA region and beyond. (<a href=\"https:\/\/opecfund.org\/media-center\/press-releases\/2023\/opec-fund-and-ebrd-step-up-delivery-with-new-cooperation-agreement\">Statement<\/a>)<\/li>\n<li><strong>KSA\u2019s<\/strong> <strong>Al Moammar Information Systems<\/strong> was awarded a <strong>SAR 188.1 mn <\/strong><strong>project<\/strong> by the <strong>Saudi Investment Recycling Company <\/strong>to provide advanced technical solutions and monitoring of possible <strong>oil leaks<\/strong> in the <strong>Arabian Gulf <\/strong>and <strong>Red Sea. <\/strong>(<a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_RboIwFIafxQdYetBQ2CWODFlQQXQqN6aWDpsIJaWQuacfFZZFNxfX9OKck-__z39QgjYoKUjDM6K4KMix7bcJ3pkOhuHEhjlMlk-AIfbwamkb7hCj9SVgTz0M0cyJ5kPLBO8VUPIvPcShCdFzOB0FsAAP8H16uPGcO_Ynl8jcebTaBC9jzw-ckY2ta-CXE6-W_LzhDPwRUl9h3YzpG2gtWSVqSRlaZEw5RSHqgrKcFSrglXKJIiiihB5YwBp2DEnGUKzXkrThlZCVptBWTypGlZBu6ad9f8r34tjVpRRpTdXyVLJuoERr3ddlaxrzj7YzoDMikh461vgCZnW-Z9Ldo62tR29S5N8ORMemOnSv2j2chYq9q_js1nFpqwiZ5EJHLPPVagPc303HM7O5_JkzGHwCQTMqRA!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzcyMDAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzczMDk4\/\">Tadawul filing<\/a>)<\/li>\n<li><strong>Egypt\u2019s Environment Ministry<\/strong> will launch tenders <strong>for waste recycling plants<\/strong> in the country in a bid to attract more <strong>private sector investment<\/strong>. (<a href=\"https:\/\/www.facebook.com\/EGY.Environment\/posts\/pfbid0WioHrXzFyFZqRxs39daf3XgtAAtzsZss2HXkKayFJTGNakvtGTKoU3RsPfusBrtSl\">Statement<\/a>)<\/li>\n<li><strong>Egypt\u2019s Public Enterprises Ministry<\/strong> is reportedly in talks with <strong>four EV <\/strong><strong>manufacturers<\/strong> in <strong>China and India<\/strong> in a bid to partner on producing EVs with state-owned <strong>El Nasr Automotive<\/strong>. Egypt had planned to see its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e01712b2-bb02-4e7a-90c0-7ceea783a6e7\">first locally assembled EV in 2023<\/a>, but it is unclear whether it will be able to meet this deadline. (<a href=\"https:\/\/bit.ly\/3L6S7Xr\">Al Mal<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Arctech tapped for Saudi\u2019s first solar tracker: China\u2019s Arctech has been tapped to provide a 1.5GW SkyLine II solar tracking solution for the ASB project in Saudi Arabia, according to a statement. The details on the project for which Arctech has been tapped remain unclear, but the statement notes a long-standing relationship with ASB project [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77031,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,1609,40,11,64,88,159,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arctech","tag-egypt","tag-enterpriseclimate","tag-evs","tag-renewables","tag-saudi-arabia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"f123ee40-27b2-4f82-b138-7b96ce6f9655","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/279.jpg","photo_position":"above","related_issue":[77015],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solar energy updates from Saudi Arabia + Japan\u2019s Sumitomo invests in Egypt\u2019s EV production - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/18\/solar-energy-updates-from-saudi-arabia-japans-sumitomo-invests-in-egypts-ev-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solar energy updates from Saudi Arabia + Japan\u2019s Sumitomo invests in Egypt\u2019s EV production\" \/>\n<meta property=\"og:description\" content=\"Arctech tapped for Saudi\u2019s first solar tracker: China\u2019s Arctech has been tapped to provide a 1.5GW SkyLine II solar tracking solution for the ASB project in Saudi Arabia, according to a statement. 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