Latest news with #Ewec
Trade Arabia
03-04-2025
- Business
- Trade Arabia
Taqa, Ewec, Masdar in deal to develop $9.8bn energy projects
Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utility companies in the region, and Emirates Water and Electricity Company (Ewec), a leading company in the integrated planning, purchasing, supply and system despatch services of water and electricity across the UAE, today (April 3) announced the development and implementation of new energy infrastructure projects to directly advance the UAE National Strategy for Artificial Intelligence 2031, and UAE Net Zero by 2050 initiative. The transformative collaboration includes Taqa signing a 24-year Power Purchase Agreement (PPA) with Ewec to build, own, and operate the 1-gigawatt (GW) Al Dhafra Open-Cycle Gas Turbine (OCGT) project in the UAE. With 100 per cent ownership, Taqa is leading the OCGT project and will undertake the operation and maintenance (O&M) of the plant. In addition, Taqa Transmission, part of Taqa Group, will develop advanced power grid infrastructure to integrate the additional generation capacity to new sources of energy demand, enabling access to reliable power with a low carbon footprint, said the Abu Dhabi group. The projects will support the recently announced Ewec and Masdar world-first project that will enable renewable energy to be dispatched 24 hours a day seven days a week, reaffirming the UAE's position as a global pioneer in renewable energy deployment and low-carbon infrastructure. Delivering up to 1GW of baseload power every day generated from renewable energy, it will be the largest combined solar and battery energy storage system (BESS) in the world, it stated. The collaboration between Ewec, Taqa, and Masdar, will drive investment of around AED36 billion ($9.8 billion) in energy supply infrastructure in Abu Dhabi with around 75 per cent of that to be invested in renewable and conventional power generation. The remaining 25 per cent will be invested in grid infrastructure, which will be added to the regulated asset base and will receive the regulated return. Jasim Thabet, Group CEO and Managing Director of Taqa and Vice Chairman of Masdar said: "Providing reliable low-carbon power plays an important role in enabling the global energy transition. Through our expertise in power generation and transmission, and as the largest shareholder in Masdar, Taqa plays a central role in advancing clean energy solutions in the UAE, and we remain committed to ensuring reliable, low-carbon power at all times." "As a champion of low-carbon power and water, we are proud to be a part of these world-class projects alongside our partner Ewec," he stated. Ewec CEO Ahmed Ali Alshamsi said: "We are pleased to partner with Taqa on transformative initiatives that will not only power the UAE's AI ambitions but also accelerate the nation's energy transition." "By creating a future-ready energy framework that integrates next-generation renewable energy technologies and advanced transmission solutions, this collaboration is setting a new global benchmark for sustainable energy systems that balances sustainability with operational excellence," he noted.
The National
03-04-2025
- Business
- The National
Taqa and Ewec to develop 1GW gas turbine plant in Abu Dhabi to support tech push
Abu Dhabi National Energy Company, better known as Taqa, has signed a 24-year power purchase agreement with Emirates Water and Electricity Company, to build and operate a one-gigawatt open-cycle gas turbine project in Al Dhafra as part efforts to support the UAE's technology needs. Taqa will both own and manage the plant, including its operation and maintenance. The company's subsidiary, Taqa Transmission, will build the grid connections to distribute the generated power, the companies said on Thursday. Open-cycle gas turbines are typically employed for short-term power boosts, not constant operation, to meet peak electricity needs. The projects will support the UAE's $6 billion 'round the clock' renewable energy facility announced by Masdar in January, which will combine 5 gigawatts of solar capacity with 19 gigawatt hours of battery storage to produce 1 gigawatt of clean power. The partnership between Ewec, Taqa and Masdar will drive investment of about Dh36 billion ($9.8 billion) in Abu Dhabi's energy infrastructure, with about 75 per cent allocated to renewable and conventional power generation and the remaining 25 per cent to funding grid infrastructure, the companies said. 'Providing reliable low-carbon power plays an important role in enabling the global energy transition,' said Jasim Thabet, group chief executive and managing director of Taqa. Ewec currently supplies more than 55 per cent of Abu Dhabi's power through renewable and clean energy sources and plans to raise it to 60 per cent by 2035. Last year, Ewec said there was urgent need for an additional 5.1 gigawatts of gas capacity in the emirate to support the integration of renewable energy projects and provide flexibility during peak demand, state news agency Wam reported. This includes 2.6 gigawatts of flexible and cost-effective open-cycle gas turbine capacity, expected to be available by 2027, along with about 2.5 gigawatts of combined-cycle gas turbine capacity by 2028, the company said at the time. 'By creating a future-ready energy framework that integrates next-generation renewable energy technologies and advanced transmission solutions, this collaboration is setting a new global benchmark for sustainable energy systems,' said Ahmed Al Shamsi, chief executive of Ewec. Under the updated objectives of the UAE Energy Strategy 2050, the country will invest between Dh150 billion and Dh200 billion by 2030 to ensure energy demand is met while sustaining economic growth in the Emirates. Projects under the plan include the 1.8-gigawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the second phase of Dubai's waste-to-energy project, and two major photovoltaic projects – the 1.5-gigawatt Al Ajban plant and the 1.5-gigawatt Al Khazna – both in Abu Dhabi. Masdar alone aims to reach 100 gigawatts of renewable energy capacity by 2030, up from about 20 gigawatts at present.
Trade Arabia
04-03-2025
- Business
- Trade Arabia
Ewec in deal to power Burjeel's 22 healthcare facilities
Emirates Water and Electricity Company (Ewec) has entered into a strategic partnership with Burjeel Holdings, a super-specialty healthcare provider in the region, to power 22 of its healthcare facilities in Abu Dhabi with clean energy, verified through the provision of Clean Energy Certificates (CECs). A leading company in the integrated planning, purchasing, supply, and system despatch services for water and electricity across the UAE, Ewec said the agreement marks a key milestone in Burjeel's carbon neutrality roadmap. The CECs, issued by the Abu Dhabi Department of Energy (DoE), are the only recognised instruments in Abu Dhabi to trace electricity from renewable and clean generation sources, allowing companies to verify the clean energy consumed, and lower their Scope 2 emissions. Francois Brice, Executive Director of Commercial & Fuel Management at Ewec, said: "We are pleased to support Burjeel n advancing its sustainability goals by using CECs issued by the DoE. By reducing the Scope 2 emissions of its medical facilities in Abu Dhabi and Al Ain, Burjeel is taking a significant step towards incorporating clean energy into its businesses." "This agreement reflects the growing commitment of key industries to reduce their carbon footprint and aligns with the UAE Net Zero by 2050 strategic initiative," stated Brice. "Ewec remains dedicated to enabling organisations across various sectors to access verified clean energy solutions, reinforcing Abu Dhabi's position as a leader in sustainable energy adoption," he added. Omran Alkhoori, President - Business Development, Burjeel Holdings, said: "Sustainability is at the core of our mission to deliver world-class healthcare. This partnership with Ewec is a pivotal step in our journey toward carbon neutrality." "By integrating clean energy into our operations, we are reinforcing our commitment to environmentally responsible healthcare while contributing to the UAE's broader sustainability goals. Together with Ewec, we are proud to take this significant step toward building a healthier, greener tomorrow," he added.
Trade Arabia
21-02-2025
- Business
- Trade Arabia
Ewec boosts Abu Dhabi's clean energy future with CECs Q1 auction
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing, supply, and system despatch services for water and electricity across the UAE, has announced that it has opened registration for its Q1 2025 Clean Energy Certificates (CECs) auction. The auction is scheduled to close on March 14. This initiative aligns with the UAE's Year of Community 2025 goals, which strive to unlock the potential of individuals, families, and organisations to ensure a sustainable future for all. Issued by the DoE in units of 1 megawatt-hour (MWh), CECs are the only accredited instrument that proves the ownership of the environmental and economic benefits of consuming clean energy, certifying that the electricity consumed by the redeeming Abu Dhabi-based entity originates from a renewable or clean energy source. The CECs auction empowers individuals, businesses, and organisations to take measurable action to reduce their carbon footprint and contribute to Abu Dhabi's collective environmental well-being. Ewec, as the scheme's single registrant and auction operator, is one of the key parties enabling the implementation of the Abu Dhabi Department of Energy's (DoE) CEC scheme, which conforms to the internationally recognised standard developed by the International Renewable Energy Certificate Standard Foundation (I-REC Standard). Francois Brice, the Executive Director of Commercial and Fuel Management, said: "The increasing demand for Clean Energy Certificates reflects the growing interest across Abu Dhabi in sustainability and emissions reduction. As a key enabler of the UAE's clean energy transition, Ewec is facilitating access to renewable and clean energy while actively driving real-world decarbonisation outcomes." "In this Year of Community, we encourage businesses, individuals, and organisations to take part in shaping a more sustainable future for all - one that benefits not just our economy but also the well-being of our communities and future generations," he stated. "Through initiatives like our CEC auctions, we are enabling collective action towards achieving the UAE Net Zero by 2050 strategic initiative," said Brice. In 2024, Ewec made significant strides in expanding the adoption of clean energy across Abu Dhabi. The introduction of wind-generated CECs marked a major milestone, while landmark agreements with key organisations - spanning healthcare, utilities, and the events industry -demonstrated how diverse sectors are embracing sustainable energy solutions to meet their decarbonisation goals, reinforcing Abu Dhabi's leadership in clean energy adoption and emissions reduction across multiple industries.
Zawya
28-01-2025
- Business
- Zawya
L&T unit emerges preferred EPC contractor for giant Masdar project
Indian construction conglomerate Larsen & Toubro (L&T) has announced that its renewables business vertical has been selected by Abu Dhabi Future Energy Company (Masdar), as one of the preferred engineering, procurement and construction (EPC) contractors for the north site of the world's first 24/7 solar PV and battery storage gigascale project which will be built in the UAE capital. The project, being developed by Masdar in collaboration with Ewec (Emirates Water and Electricity Company), will feature a 5.2GW (DC) solar photovoltaic (PV) plant and both coupled with a 19 gigawatt-hour (GWh) BESS, making it the largest solar and BESS project in the world, said L&T in a statement. The project will constitute a north site and a south site, amounting to 2.6GW and 9.5GWh PV capacity each. Announcing this at a key ceremony held on the sidelines of the recent Abu Dhabi Sustainability Week (ADSW), Masdar said once operational, the gigascale project will deliver up to 1 gigawatt (GW) of baseload power 24 hours a day, seven days a week. It was attended by Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar. The project will feature a 5.2GW (DC) solar photovoltaic (PV) plant and both coupled with a 19 gigawatt-hour (GWh) BESS, making it the largest solar and BESS project in the world, it stated. The Letter of Award was signed by Abdulaziz Alobaidli, Chief Operating Officer, Masdar and A Ravindran, Senior Vice President & Head – Renewables IC, L&T in the presence of T Madhava Das, Whole-Time Director & Sr. Executive Vice President (Utilities), L&T. Speaking on the occasion, Masdar COO Abdulaziz Alobaidli said: "The record-breaking project we are developing with Ewec is a giant step forward in the clean energy transformation, overcoming the intermittency of renewables and enabling the dispatch of clean energy 24 hours a day, seven days a week." "As Masdar's largest and most ambitious project to date, we made sure we are working with the best possible partners that will deliver to the highest standards. I look forward to working with these preferred contractors in setting a new global benchmark in clean energy innovation," he noted. S N Subrahmanyan, the Chairman & Managing Director (L&T), said: "The foresightedness coupled with definitive actions reflect UAE's leadership role in accelerating sustainable economic progress. L&T is determined to bring in advanced capabilities for the global energy transition." Madhava Das said: "We are happy that our trusted partnership with Masdar has culminated in such a coveted opportunity to advance the deployment of clean energy projects in the region." "With our all-round capabilities in dispatchable renewable generation, power T&D and digital solutions we are deeply committed to deliver this ultra-mega project that fuels futuristic ambitions," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
