EGA Purchases 1.1 MM Megawatt Hours Of Solar Energy For Solar Powered Aluminium Offering – EQ Mag
Emirates Global Aluminium PJSC (EGA) purchased 1.1 million megawatt hours of electricity’s worth of Clean Energy Certificates this week in support of its production of CelestiAL, a proprietary line of aluminium produced using solar power.
The certificates are issued by Emirates Water and Electricity Company (EWEC) and track the use of solar power from the massive Noor Abu Dhabi solar power plant. The Noor Abu Dhabi solar power plant consists of 3.2 million solar panels and generates around one gigawatt of electricity.
EGA’s purchase represents the largest such buy of Clean Energy Certificates done so far in Abu Dhabi. The purchase will cover about 80 thousand metric tons of CelestiAL, and the firm notes that production of the solar-powered aluminium is contingent upon the amount of solar power it derives from the power grid.
Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said in a press release that the production of solar-powered aluminium is a major landmark for his firm.
“This agreement provides EGA with a new source of certified solar power for the production of our CelestiAL solar aluminium. I thank EWEC for their partnership, and for their leadership in the development of solar power in Abu Dhabi. The launch of CelestiAL solar aluminium last year was a landmark for EGA and our industry. CelestiAL and other low carbon metal is key to our sustainable future – both for our company and our world.”
Othman Al Ali, Chief Executive Officer of Emirates Water and Electricity Company, said his organization is proud to partner with EGA on the project.
“EWEC is actively pursuing an ambitious energy transition plan, developing record-size solar power generation capacities to serve our current and future partners. We are proud of our strategic partnership with EGA to support the decarbonisation of their industry in line with the UAE Net Zero by 2050 Strategic Initiative objectives. We look forward to our continued collaboration with EGA and together playing a key role in the realisation of the UAE’s economic and sustainability agenda. Clean Energy Certificates connect demand for renewables with supply. We are glad to now have EGA as a customer for solar energy produced from our world-leading solar energy projects.”
Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminium is an aluminium conglomerate created by the merger between Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) in 2013. EGA had an estimated enterprise value of US$15 billion at the time the merger took place. The firm is owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminium holds interests in bauxite/alumina and primary aluminium smelting.
Source: aluminiuminsider
