Managing Director and Regional Director of Abu Dhabi Future Energy Company, or Masdar, Abdulaziz Al-Mubarak, said that the company intends to expand significantly in the Kingdom of Saudi Arabia and compete for long-term renewable energy projects, adding that Masdar’s view of the Saudi market is strategic.
Among these projects is the luxury resort project Amala on the northwestern coast of the Kingdom, which is affiliated with the Saudi Red Sea International Company, which concluded a 25-year agreement with Masdar and Electricité de France to generate up to 410,000 megawatts per year from renewable energy in Amala, which is enough to supply… Ten thousand families with energy for a whole year.
In an interview during the Future Energy and Solar Energy Exhibition in Riyadh, Al-Mubarak said, “There is more than one technology that will help us generate clean energy around the clock. There is an electrical station consisting of 250 megawatts and batteries that provide 700 megawatts every hour, and also a biodiesel generator in case we need it, and its use will be In a very small percentage…with these three technologies, we will be able to generate energy for the Amala project around the clock from renewable energy.”
The scope of the AMAALA contract covers four technologies: power generation through a solar farm, a battery energy storage system to enable 24-hour use of solar energy, renewable energy desalination through reverse osmosis, and a wastewater treatment plant.
Only one other project, the Red Sea Project, has implemented the same model.
Masdar expanded into Saudi Arabia
Al-Mubarak confirmed that Masdar Company in Saudi Arabia intends to increase the number of employees fourfold by mid-2024, adding that renewable energy projects in the Kingdom will come faster and larger.
“This requires us, as an Emirati company located in Saudi Arabia, to build our internal capabilities and resources at the source of Saudi Arabia to meet the large demand coming from the Kingdom.”
Al-Mubarak also added that Masdar Company is among the companies nominated to be one of the developers of the Tabarjal project and the Hanakiya project in Saudi Arabia, which are among the Kingdom’s projects to produce 1,500 megawatts of solar energy.
It is noteworthy that the project in Hanakiya has a capacity of 1,100 megawatts, and the project in Tabarjal has a capacity of 400 megawatts.
In addition to responding to the accelerating pace of renewable energy tenders, through clients such as NEOM, Masdar intends to play a major role in Saudi Arabia’s emerging commercial and industrial renewable energy sector.
Al-Mubarak adds: “As a leading utility development company in Saudi Arabia, Masdar is able to provide competitive offers in the field of technology and trade. We also focus greatly on local technology and knowledge transfer and have a strong training program.”
Al-Mubarak stressed that Saudi Arabia will play an important role in Masdar’s goal of increasing its production capacity of clean energy to 100 gigawatts by 2030.
2023-11-02 15:23:40
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