Renewable Energy Masdar starts work on two UK battery storage projects By Pramod Kumar February 28, 2024, 4:12 AM Masdar Masdar Arlington Energy is building two battery energy storage system projects in the UK towns of Rochdale and Stockport Masdar Arlington Energy, a subsidiary of UAE’s Masdar, has started construction on two battery energy storage system (BESS) projects in the UK. The Royle Barn Road plant in Rochdale and Welkin Road plant in Stockport will have a combined capacity of 55 MW and provide enough energy to power 25,700 homes. Masdar acquired UK-based Arlington Energy in October 2022, after which it pledged to spend £1 billion ($1.27 billion) in BESS in the UK, targeting a pipeline of three gigawatt-hour projects. DP World and Masdar link up for project to decarbonise ports UAE’s Masdar to supply green fuel to CMA CGM Masdar expands renewables footprint to Jordan and Europe The new projects are located on previously industrialised sites, conforming to its land redevelopment and regeneration policy. “To achieve the global energy transition agreed in the UAE consensus, we need to utilise world-changing renewable energy sources and technology, including wind, solar and battery energy storage,” said Masdar CEO Mohamed Jameel Al Ramahi. The two BESS plants underline the critical role energy storage will play in helping energy systems and infrastructure in the UK and across the globe to move away from carbon-intensive sources of power, he said. BESS provides a solution to the intermittency issues that affect renewable energy sources, storing excess electricity generated by solar plants and wind farms to be distributed during the periods when they are unable to provide power. In 2021, Masdar established its global headquarters for offshore wind in the UK, recruiting a team to oversee its BESS and global offshore wind businesses. Masdar has developed projects in more than 40 countries and is targeting a renewable energy portfolio capacity of at least 100 GW by 2030 and an annual green hydrogen production capacity of up to one million tonnes by the same year.
Energy Sale of enriched uranium announced by Saudi Arabia Saudi Arabia intends to export enriched uranium, the country’s energy minister, Prince Abdulaziz bin Salman, said on Monday. The announcement is the latest indication of Saudi nuclear ambitions. Saudi Arabia has long expressed an interest in developing a nuclear power sector and has engaged in talks with the United States over nuclear cooperation, which were […] 3 hours ago
Business of Sport Qatar Airways signs $97m deal to sponsor new rugby tournament Qatar Airways has agreed a $97 million deal to sponsor the new World Rugby Nations Championship. The eight-year deal will cover the qualifying matches and finals for the first four editions of the rugby union tournament from 2026 to 2034. The agreement is the biggest title sponsorship in international rugby, according to The Guardian. The […] 3 hours ago
Economy Oman issues $460m in grants to support citizens Oman has provided funding of OR178 million ($460 million) to support more than 100,000 citizens in housing and businesses. Sultan Haitham bin Tariq, in a royal decree marking the fifth anniversary of his accession to the throne, increased the allocation for this year’s housing assistance programme, which provides housing to lower income families. The grants […] 2 hours ago
Employment Saudi Arabia plans cash pay-offs to cut public sector jobs Saudi Arabia is to offer cash incentives to encourage unproductive employees in the public sector to resign in a bid to tackle inefficiency. Saudi newspapers have reported that the government has earmarked nearly 12.7 billion riyals ($3.38 billion) for the three-year plan, which it dubs the ‘Golden Handshake’. While Riyadh has not clarified why it […] 2 hours ago
