ABU DHABI, 12th May, 2022 (WAM) -- The green hydrogen projects of Abu Dhabi National Energy Company (TAQA) are progressing very well, a senior executive told the Emirates News Agency (WAM), adding that green hydrogen, dubbed as the oil of the future, will play a significant role in the company's growing portfolio of renewables.
"We are currently in the techno feasibility stage of the two green hydrogen projects [that were announced in partnership with two local entities]," said Farid Al Awlaqi, Executive Director of Generation at Taqa, one of the largest listed integrated utilities in the region.
He was referring to Taqa's partnership with Emirates Steel, the leading integrated steel plant in the Middle East, to develop a large-scale green hydrogen project enabling the first green steel produced in the MENA region. The second project is a partnership with Abu Dhabi Ports to develop an industrial scale green ammonia manufacturing and export facility in Abu Dhabi.
Advanced stage of two projects Asked about the start of the projects, Al Awlaqi said, "There's no specific date that I can give you right now, but we are in advanced stages already. So, hopefully, you'll be hearing something very soon."
He spoke to WAM in an exclusive interview on the sidelines of the World Utilities Congress 2022 that concluded on Wednesday at the Abu Dhabi National Exhibition Centre (ADNEC).
Taqa had announced that green hydrogen will form a valuable part of the company's 2030 strategy for growth, which includes growing its gross power capacity from 18 gigawatt (GW) to 30 GW in the UAE and adding up to 15 GW internationally. This increase in capacity will focus on renewable energy – particularly solar PV – to comprise more than 30 percent of its generation portfolio by 2030, up from the current 5 percent.
Taqa–Abu Dhabi Ports project to develop industrial-scale green ammonia manufacturing and export facility will be fuelled by hydrogen produced from power generated by a 2 GW solar PV power plant. The project with Emirates Steel will consider utilising green hydrogen to optimise clean steel production level. The hydrogen will enable green and low carbon steel manufacturing, saving energy while creating a sustainable and clean manufacturing process.
Global growth of renewables The renewables are seeing an increased presence in the energy mix globally, the Taqa senior executive pointed out.
"Our portfolio of renewables is significant because we own two of the world's largest single-site photovoltaic (PV) plants in the world. The first one, Noor Abu Dhabi, is already in operation, and we're currently constructing the Al Dhafra PV plant, which will be the next world's largest PV plant," Al Awlaqi said.
Noor Abu Dhabi recently completed three years of successful commercial operations. The plant has 1.2 GW of direct current power generation capacity and supplies over 90,000 households with clean solar power in Abu Dhabi emirate while reducing CO2 emissions by one million metric tonness annually.
Once completed, the under-construction Al Dhafra Solar PV Plant will overtake Noor Abu Dhabi to become the world's largest single-site solar PV plant. This project has already broken records with the most cost competitive tariffs for solar set at US$ 1.32 cents/kWh (AED 4.85 fils/kWh) at the time of financial close. At nearly double the size of Noor Abu Dhabi, it will provide enough power for more than 160,000 households and will have more than 4 million bifacial solar panels.
"We are seeing an increased amount of interest, and from our side, an increased amount of investment in renewables," Al Awlaqi affirmed.
Utilities Congress He said the World Utilities Congress 2022 was a good opportunity to meet global industry executives and experts to continue sharing ideas and progressing the business. Asked about any business deals made at the event, he said, "We already have many deals in the pipeline. Events like this help us to progress and develop those opportunities, and you will see a lot of new projects being announced by Taka in the future."