{"id":81658,"date":"2024-01-09T00:00:00","date_gmt":"2024-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/01\/09\/neom-partners-with-saudis-energy-ministry-on-the-energy-sector-oman-request-proposals-for-the-construction-of-a-500-mw-solar-plant\/"},"modified":"2024-01-09T00:00:00","modified_gmt":"2024-01-09T00:00:00","slug":"neom-partners-with-saudis-energy-ministry-on-the-energy-sector-oman-request-proposals-for-the-construction-of-a-500-mw-solar-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/01\/09\/neom-partners-with-saudis-energy-ministry-on-the-energy-sector-oman-request-proposals-for-the-construction-of-a-500-mw-solar-plant\/","title":{"rendered":"Neom partners with Saudi\u2019s Energy Ministry on the energy sector + Oman request proposals for the construction of a 500 MW solar plant"},"content":{"rendered":"

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RENEWABLES-<\/p>\n

<\/strong>Saudi's <\/strong>Energy Ministry + Neom partner on energy: <\/strong>Saudi Arabia's Energy Ministry has signed an MoU with Neom to team up in the energy sector, SPA<\/a> reports. The agreement will see them develop technologies and provide technical and regulatory solutions for developing renewable energy technologies, hydrogen, and sustainability.<\/p>\n

REMEMBER- Neom has massive hydrogen plans underway: <\/strong>Neom Green Hydrogen Company, a joint venture between Neom, Acwa Power, and US-based gas supplier Air Products, is constructing a USD 8.5 bn utility-scale green hydrogen facility<\/a> with a capacity of 1.2 mn tons of green ammonia annually and powered by nearly 4 GW from renewable energy sources.<\/p>\n

Oman begins procurement process for 500 MW solar plant: <\/strong>Oman\u2019s Nama Power and Water Procurement (PWP) is set to submit a Request for Proposals (RFP) for the 500 MW Ibri III Solar Independent Power Project (IPP), Oman Observer<\/a> reports. The solar plant is part of Oman\u2019s plan to have 30% of its generation output from renewable energy sources<\/a> by 2030 and to reach 39% by 2040 under the country\u2019s 2050 net-zero target.<\/p>\n

More details:<\/strong>Ibri III Solar will generate 1.5 TWh of renewable energy annually and reduce CO2 emission by 505k tons per annum at full capacity.<\/p>\n

REMEMBER- <\/strong>Oman Electricity Transmission Company (OETC) successfully completed tests to remotely operate<\/a> the project in November. The IPP is also the first solar plant in the Sultanate to be connected to the transmission grid, and operations are expected to begin in 4Q 2026. <\/p>\n

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ELECTRIC VEHICLES-<\/p>\n

Jordan <\/strong>issues regulations for managing and trading used batteries: <\/strong>Jordan's Environment Ministry has issued a draft of regulations for managing and trading used batteries and their parts for 2023, AlMamlaka<\/a> reports. The draft prohibits unlicensed scrap dealers from dealing in used batteries and requires the disposal of hybrid and electric vehicle batteries through licensed entities for export outside Jordan. It also obliges recycling facilities to dispose of the waste that cannot be recycled by exporting it or destroying it at a hazardous waste treatment center. The draft also bans any recycling or maintenance operations inside storage facilities.<\/p>\n

Jordan is preparing its EV infrastructure:<\/strong> Egypt\u2019s Pathfinder Energy Group is planning to set up 500 EV charging stations<\/a> in Jordan at a total investment of USD 470 mn. Fitch Solutions said in June it expects appetite for passenger EVs in Jordan to remain high amid reduced import taxes on EVs. Jordan, Egypt, and the UAE are also getting EV assembly plants<\/a> from UAE-based car manufacturer M Glory Holding with an investment ticket of USD 550 mn<\/p>\n

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