{"id":86736,"date":"2024-09-16T00:00:00","date_gmt":"2024-09-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/16\/energy-storage-aviation-and-solar-updates-from-the-uae-and-oman\/"},"modified":"2024-09-16T00:00:00","modified_gmt":"2024-09-16T00:00:00","slug":"energy-storage-aviation-and-solar-updates-from-the-uae-and-oman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/16\/energy-storage-aviation-and-solar-updates-from-the-uae-and-oman\/","title":{"rendered":"Energy storage, aviation and solar updates from the UAE and Oman"},"content":{"rendered":"<p class=\"tag-border-left\">ENERGY STORAGE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apex Energy + Enercap form JV:<\/strong> Apex Energy, a subsidiary of Apex Investments, and French renewables outfit Enercap SPV formed a joint venture, Enercap Energy Holding, to manufacture energy storage solutions and power management systems in the UAE, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1043.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a> released on Thursday. Apex will hold a 65% stake in the JV, while Enercap will control 35%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The new venture will build a 10 GW manufacturing plant in Abu Dhabi's Mussafah Industrial Zone, branded as Enercap Manufacturing. It will also acquire and develop an existing facility in Dubai Industrial City, increasing its capacity to 6 GW, and rebranding it as ERL Power Industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCAA + Volar Air to build UAE\u2019s first green aviation hub: <\/strong>The UAE\u2019s General Civil Aviation Authority and Hong Kong-based Volar Air Mobility have signed an MoU to develop the UAE\u2019s first Green Aviation Technology Hub, according to a <a target=\"_blank\" href=\"https:\/\/www.gcaa.gov.ae\/en\/news-details?NewsId=YseFXwTGYmmRcR6ktJkzbQ==\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The hub, the agreement for which was signed on the sidelines of the Advanced Air Mobility Symposium 2024, will support R&D for sustainable aviation technologies and bring together global stakeholders to collaborate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SOLAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OQEP<\/strong><strong> + <\/strong><strong>OQAE<\/strong><strong> collaborate on 35 MW solar project: <\/strong>The upstream unit of Oman\u2019s state-owned global integrated energy group OQ, OQ Exploration and Production (OQEP) is working on developing a 35 MW solar project with OQ\u2019s green energy investment arm OQ Alternative Energy, <a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1158980\/business\/energy\/oqep-eyes-35-mw-solar-plant-to-power-oman-upstream-assets\" style=\"\" rel=\"noopener\">Oman Daily Observer<\/a> reported last week. OQEP plans on using solar energy to decarbonize its upstream operations under recently announced plans to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/omans-oq-could-raise-2-bln-exploration-production-ipo-source-says-2024-09-09\/\" style=\"\" rel=\"noopener\">float 25% of its equity<\/a> through an IPO on the MSX. OQEP\u2019s main decarbonization target is oil field Block 60 which it plans on connecting to the national electricity grid by mid-2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>GAC Aion launches in GCC: <\/strong>Domasco GAC has launched its new energy vehicle company GAC Aion in the GCC at a Doha event. The company also launched a new EV model named the Aion Y. (<a target=\"_blank\" href=\"https:\/\/www.gulf-times.com\/article\/690525\/qatar\/domasco-organises-gcc-launch-of-gac-aion-ev-brand\" style=\"\" rel=\"noopener\">Gulf Times<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Stories on our radar this morning from around the region<\/p>\n","protected":false},"author":1,"featured_media":86737,"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":[66,267,11,64,92,435,163,42,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-enterpriseclimate","tag-evs","tag-oman","tag-oq","tag-qatar","tag-solar-energy","tag-uae","wpautop","entry"],"acf":{"mongo_id":"62c28419-1e2d-4957-8880-06a191e31d98","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2165.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Energy storage, aviation and solar updates from the UAE and Oman","related_issue":[86724],"teaser":"Stories on our radar this morning from around the region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.9124e2a0-c120-4f8a-a55f-5f269012b16a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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