Avaada Energy and Al Jomaih Energy and Water Embark on a Strategic Alliance for Renewable Power Advancements in the Middle East
Published by Todd Bush on September 12, 2023
NEW DELHI, Sept. 12, 2023 /PRNewswire/ -- Avaada Energy the renewable arm of Avaada Group, a global pioneer in the renewable energy landscape, is elated to announce its strategic partnership with Al Jomaih Energy and Water (AEW) to pioneer renewable power generation in the Kingdom of Saudi Arabia and selected Middle Eastern regions. This significant stride is marked by the signing of a Memorandum of Understanding (MoU) between the two esteemed entities.
The alliance is set to explore the vast potential of Solar, Wind, Hybrid, and Battery Energy Storage solutions. "Joining forces with AEW underscores our dedication to bringing sustainable energy innovations to the Middle East," expressed Mr. Vineet Mittal, Chairman of Avaada Group.
The MoU paves the way for a collaborative approach, with a dedicated committee from both AEW and Avaada overseeing potential projects. AEW, with its deep-rooted local expertise, will interface with stakeholders and provide essential resources. In contrast, Avaada will infuse the partnership with its extensive development experience and technical acumen.
The collaboration extends to Engineering, Procurement, and Construction (EPC) and Operations & Maintenance (O&M) services. Avaada is poised to present its competitive EPC solutions and qualifications for collaborative O&M setups in Saudi Arabia.
>> Additional Reading: Air Liquide and Siemens Energy Form a Joint Venture for the European Production of Large-scale Renewable Hydrogen Electrolyzers
About Avaada
The Avaada Group, steered by visionary Vineet Mittal, is an integrated green energy platform with expertise across solar manufacturing, production of green hydrogen & its derivatives, green fuels, renewable power generation and electrolyser manufacturing. Avaada Energy, its flagship entity, is India's rapidly evolving renewable energy IPP, targeting 11 GW of projects by 2026 and an ambitious 30 GW by 2030. Avaada recently secured a significant funding round of $1.3 billion, including investments from Brookfield and GPSC, to amplify its green hydrogen ventures.
SOURCE Avaada Group
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Freepoint Commits $450M to Emvolon's Modular Fuel Play
Inside This Issue ⛽ Emvolon and Freepoint Commodities Execute Multi-Year Definitive Agreements to Scale High-Value Liquid Fuels 🧪 Ammobia and Lummus Technology to Commercialize Ammonia for Low-Car...
-
Project Tundra Gets $205M in State Loans and a New Risk-Sharing Partner
Inside This Issue ⚡ Minnkota and Reliant Split Risk on Project Tundra CCS 🛢️ White House Pushes for More Refinery Waivers to Ease Pump Prices 🤝 Aker Solutions to Accelerate Carbon Capture and Remo...
-
Canada's Biggest CCS Deal Has a November 15 Deadline
Inside This Issue 🪨 Pathways CCS: What Still Has to Be Signed Before FID 🌍 Namibia Fires Up Africa's First Green Hydrogen Hub 💂 METLEN Conducts First Fire on Waste at the Protos ERF Plant in Chesh...
Company Announcements
-
Plantd Launches Biochar Line, Turning Waste Into Revenue & Better Soil
Advanced manufacturer expands beyond structural building panels, converting production byproduct into a silica-rich soil amendment for agriculture OXFORD, N.C., Aug. 28, 2026 (GLOBE NEWSWIRE) -- P...
-
Data centers set to become a major contributor to Haffner Energy’s business and results: a modular, standardized offering delivering local, resilient, decarbonized energy, with guaranteed availabil...
-
Ballard Closes Acquisition of GeoPura, Becoming an Integrated Hydrogen Energy Solutions Provider
The combined business brings together Ballard's proven fuel cell technology and global scale with GeoPura's Hydrogen Power Units, fuel supply capabilities and Energy-as-a-Service business model. V...
-
EcoEngineers Approved as Auditor Under the Ammonia Energy Association's Ammonia Certification System
New auditing service supports producers, traders, and buyers seeking credible carbon intensity and origin data for low-emission ammonia EcoEngineers, an LRQA company that provides clean energy aud...