Home News AMEA Power and China’s SPIC sign cooperation agreement

AMEA Power and China’s SPIC sign cooperation agreement

by Dubai Forum
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UAE-based AMEA Power and China’s SPIC Huanghe Hydropower Development Company (HHDC) have signed a memorandum of understanding (MoU) to cooperate on the development of solar, wind and green hydrogen projects in the Middle East and North Africa (MENA) region

 UAE-based AMEA Power and China’s SPIC Huanghe Hydropower Development Company (HHDC) have signed a memorandum of understanding (MoU) to cooperate on the development of solar, wind and green hydrogen projects in the Middle East and North Africa (MENA) region.

The MoU was signed at a ceremony at the China pavilion at Expo 2020 in Dubai.

 “We are delighted to announce the signing of this significant agreement, which reinforces the commitment of both AMEA Power and HHDC towards carbon reduction,” said Mohamed AlNowais, managing director of AMEA Power, at the signing.

 “AMEA Power continues to grow and today we are proud to be present in over 15 countries, with a total capacity of about 2,000MW of solar and wind projects in operation, under construction and in development. This agreement is a great milestone for AMEA Power as we are expanding into green hydrogen production, which is a key component of decarbonisation strategies.”

  “We are delighted to sign the MoU with AMEA Power to cooperate on the development of clean energy and green hydrogen projects in MENA region. HHDC is a clean energy enterprise committed to strengthening green international cooperation and promoting global low-carbon transition, with a total installed capacity of about 27.3GW and renewable energy accounts for about 90 per cent,” said Yu Miao, deputy general Manager of HHDC.

 “We look forward to a close collaboration with AMEA Power on initiatives to boost the development of renewable energy and green hydrogen production in MENA region,” added Miao.

HHDC’s power portfolio is heavily renewables focused, with clen energy technologies accounting for about 90.4 per cent of its installed capacity. By the end of 2021, HHDC had a portfolio consisting of: hydropower (11.54GW), solar (8.41GW), wind (4.74GW) and thermal conventional power projects (2.62GW).

SPIC is part of the consortium with Saudi Arabia’s Acwa Power which is developing the $1.6bn Red Sea multi-utilities project in Saudi Arabia. The project will be entirely powered by renewable energy, which will include 400MW photovoltaic (PV) solar and wind energy, with 1.3GWh of battery storage.

DF

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