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Major Business Deals Announced On Day Two Of World Future Energy Summit In Abu Dhabi
(17 January 2018)

 

The second day of the World Future Energy Summit, International Water Summit and EcoWASTE Exhibition saw a number of new business agreements signed by participating companies, with Abu Dhabi Water and Electricity Authority, Tadweer and Abdul Latif Jameel all unveiling significant new plans.

H.E. Suhail Al Mazroui, UAE Minister of Energy Opens World Future Energy Summit Conference Programme

At the opening of the World Future Energy Summit conference programme, the UAE Minister of Energy, H.E Suhail Al Mazroui addressed global energy stakeholders in attendance, elaborating on the bold vision of the UAE to diversify its energy strategy.

The Minister referred to the UAE’s Energy Strategy as a key contributor towards the continued reduction of solar energy prices, which have already broken the 2-cent threshold. Minister Al Mazroui stressed that renewable energy will also need to be supported by other forms of energy in the UAE, such as fossil-based energy and nuclear energy. He indicated that he was confident that this year’s edition of the World Future Energy Summit will bring forward more innovative ideas and solutions that will continue to shape the energy future of the UAE and the wider region.

Tadweer Signs Five New Contracts Worth AED 165 Million at EcoWaste Exhibition 2018

Tadweer (The Centre of Waste Management – Abu Dhabi) today announced the signing of five new contracts worth AED 165 million for waste management projects in Abu Dhabi, with leading firms in the waste sector. Tadweer revealed the details of the projects at a press conference organised at the EcoWASTE Exhibition.

Included in the contracts signed at the event is an agreement with Green Energy Solutions & Sustainability LLC for the first Landfill Gas to Energy investment project in the Middle East at Al Dhafra Landfill, which is the largest landfill in Abu Dhabi. The project will prevent emission of Green-House Gases (GHG) from the landfill to the atmosphere. It is expected to be commissioned to produce about 5 MW of power by September 2018 and will be registered with the Clean Development Mechanism (CDM) of United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit.

Abu Dhabi Water and Electricity Authority Invites Tenders for World’s Largest Reverse Osmosis Desalination Plant in Abu Dhabi

Abu Dhabi Water and Electricity Authority today announced the commencement of a competitive process to select a developer to own up to 40% of a special purpose vehicle to participate in the Taweelah Reverse Osmosis Independent Water Project. The remaining equity will be held, directly or indirectly, by ADWEA.

The project will comprise, inter alia, the development, financing, construction, operation, maintenance and ownership of a greenfield reverse osmosis seawater desalination plant with a capacity of 200 Million Imperial Gallons of water per day, together with associated infrastructure. The Plant will be located at the Taweelah power and water complex, approximately 45 kilometres north of the city of Abu Dhabi.

The Project is important to ensure the security of potable water supply in the Emirate of Abu Dhabi as well as playing a key role in the ongoing cost reduction initiative in the sector through the procurement of competitive and efficient reverse osmosis water desalination technology.

Abdul Latif Jameel Energy Secures Financing for Mexican Solar Farm that will Power 150,000 Homes

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, today announced it has secured a deal to start construction of a 342 MW dc solar farm in Mexico. The deal for the Potosí Solar Farm will see construction begin in early 2018 and adds to a growing list of renewable energy projects Abdul Latif Jameel Energy has delivered across Latin America, including Uruguay and Chile.

Potosí Solar Farm will generate enough energy to power around 150,000 homes and reduce greenhouse gas emissions by approximately 600,000 tons of CO 2 per year.

SolarCoin to be Adopted by a Utility Scale Generator for the First time: ACWA Power

ACWA Power has announced that it will adopt SolarCoin, the global reward program for solar electricity generation, marking the first time a utility-scale generator joins the SolarCoin ecosystem. SolarCoin adoption will provide digital tokens to ACWA Power for every MWh of solar energy produced and will provide a supplementary means of payment for goods and services than conventional currency.

At a World Future Energy Summit session entitled; SolarCoin - the launch of a blockchain-based, value generation structure for solar power generation, Nicolas Gogerty, founder of the SolarCoin Foundation told delegates: “Our mission to incentivize solar energy production for the next forty years continues and we are excited about the transition from a smaller scale cryptocurrency to coming to the world stage with ACWA Power at this platform. The adoption of SolarCoin by a utility-scale developer is a step change and a giant leap for SolarCoin.”

Climate Innovation Exchange (CLIX) Opens at World Future Energy Summit

The Climate Innovation Exchange (CLIX) launched today at the World Future Energy Summit with a keynote address by H.E. Shamma bint Suhail Faris Al Mazrui, UAE Minister of State for Youth. In her speech, H.E. Al Mazrui stated that youth and sustainability are inseparable in the 21st century. Sustainability is first a mindset, before it becomes a set of behaviours and then a way of doing business, Al Mazrui added. She also noted that, if we want to build sustainable systems for a sustainable world, we must invest now in the people who will carry it forward.

H.E. Al Mazrui addressed an audience of innovators, investors and local high-school students. Throughout the day, the students were provided with career advice as well as receiving a tour of the cleantech innovations and climate change solutions being presented throughout CLIX.

A total of 27 semi-finalists are pitching their ideas and products to more than 20 prospective investors throughout the World Future Energy Summit, with a view to unlocking capital to fund their innovations.

Visitors can interact with the technologies on show at Hall 9 at the Abu Dhabi National Exhibition Centre.



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