{"id":83231,"date":"2024-03-25T00:00:00","date_gmt":"2024-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/03\/25\/saint-gobain-10-mw-solar-powered-glass-factory-in-progress\/"},"modified":"2024-03-25T00:00:00","modified_gmt":"2024-03-25T00:00:00","slug":"saint-gobain-10-mw-solar-powered-glass-factory-in-progress","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/03\/25\/saint-gobain-10-mw-solar-powered-glass-factory-in-progress\/","title":{"rendered":"Saint-Gobain 10 MW solar powered glass factory in progress"},"content":{"rendered":"

SOLAR-<\/p>\n

Saint-Gobain breaks ground on solar-powered glass factory: <\/strong>Frenchconstruction material manufacturer Saint-Gobain has broken ground on a glass production plant worth USD 699 mn<\/a> in Egypt\u2019s Sokhna Industrial Zone partially powered by a 10 MW solar farm, according to a statement<\/a> released on Thursday. The solar plant \u2014 Saint-Gobain\u2019s third facility in the area \u2014 is expected to reduce annual emissions by 6k tonnes.<\/p>\n

PVH to supply Saudi\u2019s Ar Rass 2 with 1 GW solar trackers:<\/strong> Solar tracker manufacturer PV Hardware (PVH) will provide Saudi Arabia\u2019s Ar Rass 2 Solar PV Park with 957 MW of its solar trackers, according to a Thursday press release<\/a>. PVH Middle East will manufacture parts locally for the project, whose contractor is engineering firm Larsen and Toubro. <\/p>\n

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RENEWABLES- <\/p>\n

Positive Zero sets its sights on UAE + Oman: <\/strong>Dubai-based decarbonization firm Positive<\/a>Zero<\/a> and Schneider Electric<\/a> have inked an agreement to ramp up the adoption of clean energy technologies in the UAE and Oman, according to a statement (pdf)<\/a> released on Thursday. The agreement will see the two companies cooperate on distributed microgrid projects, clean mobility solutions, energy efficiency, and sustainability.<\/p>\n

Fast facts:<\/strong> The global energy-as-a-service market is expected to cross USD 112 bn by 2030 on the back of a heightened adoption of distributed energy resources and green solutions, the press release adds, citing SkyQuest Technology. American multinational investment firm BlackRock pledged a USD 400 mn investment in Positive Zero in December 2023<\/a>.<\/p>\n

DESALINATION-<\/p>\n

Korea\u2019s LG Chem to supply Morocco with desal tech: <\/strong>South Korean chemical company LG Chem<\/a> has secured a contract to supply desalination devices to Moroccan state-owned fertilizer and phosphate company OCP Group, Yonhap News Agency<\/a> reported on Thursday. The company will provide 18k reverse osmosis (RO) membranes to Jorf Lasfar industrial complex, operated by OCP Group, by May. The membranes will be used to desalinate 90 mn tons of seawater annually that will serve up to 1.9 mn people in Morocco, including residents near the complex, and for use in fertilizer production.<\/p>\n

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GREEN FINANCE- <\/p>\n

Saudi fintech <\/strong>Cashin KSA<\/a><\/strong> and Dubai-based software developer <\/strong>Fils<\/a><\/strong> are partnering <\/strong>on climate-geared payment solutions in Saudi Arabia<\/strong>, according to a statement<\/a> released on Thursday.The collaboration will give Cashin KSA\u2019s network of merchants across Saudi Arabia access to Fils\u2019 payments platform, where merchants will be able to track their environmental impact and use carbon-credits to offset their carbon footprint. <\/p>\n

Not the first carbon offsetting platform for Fils: <\/strong>Fils previously partnered<\/a> with Saudi SME fintech Geidea to allow its merchants to estimate emissions from certain transactions and invest in carbon credit projects. The company also signed an agreement with Emirati banking group Mashreq in January to launch a carbon credit trading platform<\/a> to help their banking clients slash greenhouse gas footprint.<\/p>\n

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