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Wednesday, 21 June 2023
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Spain’s PVH to supply solar trackers for Neom’s green hydrogen plant: Spain-based solar tracker manufacturer PV Hardware (PVH) — which localized production in KSA back in 2022 with its 8 GW tracker factory — will supply 2.97 GW peak (GWp) worth of solar trackers for PV plants powering the USD 8.4 bn Neom green hydrogen plant, according to a statement. Larsen & Toubro — which was awarded the engineering, procurement, and construction (EPC) contract for the clean energy plants that will power the green hydrogen facility — will build a 2.2 GW alternating current (GWac) solar farm and a 1.6 GW wind power plant for the project, the statement notes. Construction of the first phase of Neom’s USD 8.4 bn green hydrogen plant in Saudi Arabia’s floating industrial complex Oxagon will commence by 3Q 2024.
What is solar tracking? Solar tracking systems reorient PV panels to the direction of the sun, keeping panels perpendicular to the power source and effectively minimizing sunlight reflection and increasing solar energy absorption.
Saudi Arabia names 10 bidders for mineral exploration license: The Saudi Mineral Ministry has released a list of 10 local and international companies that have qualified for an exploration license at sites in Umm Hadid, Bir Umq, and Jabal Sahabiyah, Zawya reports. The list includes AMAK, Energy Transition Minerals, and Lotus Gold. The exploration licenses will then be issued to the winning bidders within three months. The designated exploration sites are rich in silver, lead, zinc, and copper. The bidders have until the end of July to submit their offers, and the results will be declared in August.
REMEMBER- Copper and lead are critical minerals for EV and battery storage production, silver is essential for manufacturing solar cells, and zinc is used to coat solar panels and wind turbines to protect them against rust.
More winning bids to be announced this month: The Minerals MInistry will also announce the winners from among 13 mining companies shortlisted back in April for the Muhaddad and Ar Ridaniyah exploration licenses this month. African Rainbow Minerals, AMAK, and Barrick Gold are among the bidders.