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SOLAR-
25 MW solar farm in Iran comes online: Iran has connected a 25 MW solar farm in the Kerman province to the national power grid earlier this week, Tehran Times reported earlier this week, citing the country’s state broadcaster IRIB. The project, set up on 42 hectares of land, comes under Iran’s efforts to enhance renewable energy capacity.
We knew this was coming: Iran’s Small Industries and Industrial Parks Organization head Ruhollah Ebrahimi said in February that the government was developing five solar parks in its Qazvin and Kerman provinces as part of a broader plan to establish 17 solar parks in six provinces. Iran plans to export any excess electricity generated from the project to neighboring countries including Turkey, through their connected grids, according to the official. The country had planned on installing 4 GW from solar power plants last year.
MANUFACTURING-
Morocco could be getting a new anode factory: UAE’s Falcon Energy Materials signed a technical and strategic partnership with China’s Hensen Graphite & Carbon Corporation to develop an anode plant in Morocco, according to a statement. The preliminary economic assessment (PEA) for the plant is expected in Q4 2024, targeting an annual production of 25k tonnes of coated spherical purified graphite (CSPG). The PEA will allow Falcon to assess the economic feasibility of the project and advance talks with its financial partners and local authorities in Morocco.
The details: Falcon will utilize the design, procurement strategy, and supply chain infrastructure from Hensen’s recently constructed Weihai Plant in China to minimize development and operational expenses, according to the statement. Falcon is also progressing discussions with several of its strategic partners to supply CSPG to western battery markets. The potential commercial partner will handle the integration of Falcon within the battery supply chain, ensuring the CSPG meets end-user specifications.
Not Morocco’s first anode plant: Chinese EV battery components maker BTR New Material plans to build a USD 366 mn lithium-ion battery anode plant in the North African country. The factory will have a production capacity of 60k tons of the anode materials annually and will be located in Tangier Technology City. It will take two years to build.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- SEC advances its ESG rating: The Saudi Electricity Company (SEC) has improved its Environmental, Social, and Governance (ESG) rating by 43% in 2024. The improvement, reported by global credit rating agency Standard & Poor’s, raised SEC’s score from 35 to 50. (Statement)
