{"id":80865,"date":"2023-11-28T00:00:00","date_gmt":"2023-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/11\/28\/bahrains-riffa-views-and-uaes-agthia-group-ink-solar-agreements-chinas-exeed-luxury-evs-hit-egyptian-streets\/"},"modified":"2023-11-28T00:00:00","modified_gmt":"2023-11-28T00:00:00","slug":"bahrains-riffa-views-and-uaes-agthia-group-ink-solar-agreements-chinas-exeed-luxury-evs-hit-egyptian-streets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/11\/28\/bahrains-riffa-views-and-uaes-agthia-group-ink-solar-agreements-chinas-exeed-luxury-evs-hit-egyptian-streets\/","title":{"rendered":"Bahrain\u2019s Riffa Views and UAE\u2019s Agthia Group ink solar agreements, China\u2019s Exeed luxury EVs hit Egyptian streets"},"content":{"rendered":"

RENEWABLES-<\/strong><\/p>\n

RVOA signs lease agreements with Sirajpower:<\/strong> Bahrain\u2019s Riffa Views Owners Association (RVOA) has inked a 25-year solar lease agreement with Emirati solar energy provider SirajPower that will see SirajPower implementing solar solutions with a capacity of 1.6 MWp at Riffa Views, according to a statement<\/a>. The project aims to produce 70GWh of energy over the course of 25 years, offsetting approximately 50k metric tons of carbon dioxide emissions, the statement notes.<\/p>\n

Yellow <\/strong>Door Energy secures solar plant contracts from Agthia:<\/strong> UAE-based food and beverages giant Agthia Group has awarded Yellow Door Energy (YDE) contracts to establish two 5 MWp solar power plants, according to an ADX filing<\/a>. The plants will cover 20% of the energy consumption of Agthia factories and generate 287 GWh. YDE is looking to deploy upwards of USD 1 bn in projects<\/a> in the region after raising USD 400 mn from shareholders focusing on executing sustainable energy solutions.<\/p>\n

Agthia operations get greener:<\/strong> The conglomerate signed an MoU<\/a> with Beeah Group and Veolia Middle East<\/a> subsidiary Repeet in January to assess the feasibility of a 40k sqm, 12k ton per annum polyethylene terephthalate recycling plant to cut around 18k metric tons of CO2 annually.<\/p>\n

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SDX <\/strong>integrates renewables in its new strategy: <\/strong>UK-based SDX Energy revealed a new<\/a>corporate strategy (pdf)<\/a> yesterday which will see the company shift to becoming a hybrid energy provider in Morocco. The company plans to expand into renewable energy production while maintaining its Moroccan gas operations and explore the \"commercially compelling cross-sell of gas and green electricity,\" as SDX aims to become a regional player in the energy transition sector. The company said it was divesting its Egyptian assets<\/a> last September to focus on planned diversification in Morocco's energy transition sector.<\/p>\n

ELECTRIC VEHICLES-<\/strong><\/p>\n

Egypt\u2019s Natco<\/strong>will distribute Exeed EVs locally:<\/strong> Egypt's National Automotive Company<\/a>(Natco)<\/a> has acquired exclusive rights to Chinese automaker Exeed<\/a> \u2019s high-tech luxury cars and EV models in the Egyptian market, according to a statement<\/a>. Egypt\u2019s government launched an electronic platform<\/a> earlier this month for the Egyptian Automotive Industry Development Program to encourage EV localization and enhance the country\u2019s existing assembly and manufacturing capabilities. Mercedes-Benz also released a range of all-electric sedans<\/a> in Egypt earlier this month.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n