As the region's largest solar plant nears completion in Abu Dhabi, the French oil major Total wants to extend its partnership with Masdar to other solar projects in the region.
Shams-1, a joint venture between Masdar, Total and Spain's Abengoa, has started feeding electricity into the grid and will be fully operational in the coming months. The project could be a springboard for further French-Emirati joint ventures, Jean-Marc Otero Del Val, the vice president of Total's new energy division, said yesterday.
"We have developed trust between the two organisations," he said. "Both Masdar and Total have agreed to deepen their relationship and explore other avenues of cooperation in the UAE and outside the UAE."
Masdar has expressed its interest in growing its overseas energy portfolio, and talks with Total are progressing, he said.
"Working groups will be in the very near future created based on opportunities which have already been exchanged between the two organisations," said Mr Otero Del Val.
Saudi Arabia, which is plagued by a shortage of conventional power and is forced to burn crude to meet its electricity needs, has the most ambitious solar targets in the Arabian Gulf.
The kingdom is developing a programme to build 41 gigawatts of solar capacity by 2032, at a cost of US$109 billion (Dh400.36bn).
Total is keen to tap Saudi Arabia's potential.
"Saudi has said they will issue their first tender, so our plans are ready," said Mr Otero Del Val.
Saudi Arabia and some other governments are looking to renewables not just as a means to increase their energy supply, but also to create employment for nationals who are having difficulties finding jobs.
The Saudi government has indicated that it prefers companies that can offer local content in their bids.
Total intends to produce plant components locally.
"When we are in a country being awarded a project, then we are building manufacturing plants. In Saudi, we do plan to have manufacturing facilities," said the company's vice president.
The French company's solar strategy centres around its controlling stake in the US photovoltaic panel producer SunPower, which it acquired last year.
Total will focus on photovoltaic, and not pursue growth with the concentrated solar power technology that features in Shams-1.
Mr Otero Del Val said the company is unfazed by Chinese panel manufacturers, who have pulled the rug from under many US or European competitors with relentless price cutting. Instead, Total has recently signed deals with two Chinese companies to build a manufacturing site in China to supply the local market.
While other oil companies such as Shell and BP have exited the solar business, Mr Otero Del Val is optimistic about Total's future in the sector.
"I can see why maybe in 1990 or 2000 you would have quit, but not today," he said.
fneuhof@thenational.ae
CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro
ZAYED SUSTAINABILITY PRIZE
Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
Company%20profile
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Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Company%20Profile
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Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
Company%20Profile
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COMPANY%20PROFILE
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COMPANY%20PROFILE
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SPECS
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TOUCH RULES
Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.
Teams can make as many substitutions as they want during the 40 minute matches.
Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.
A touch is any contact between the player with the ball and a defender, and must be with minimum force.
After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.
At the roll-ball, the defenders have to retreat a minimum of five metres.
A touchdown is scored when an attacking player places the ball on or over the score-line.
EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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AUSTRALIA%20SQUAD
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COMPANY%20PROFILE
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MEDIEVIL%20(1998)
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Specs%3A%202024%20McLaren%20Artura%20Spider
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The Bio
Favourite Emirati dish: I have so many because it has a lot of herbs and vegetables. Harees (oats with chicken) is one of them
Favourite place to go to: Dubai Mall because it has lots of sports shops.
Her motivation: My performance because I know that whatever I do, if I put the effort in, I’ll get results
During her free time: I like to drink coffee - a latte no sugar and no flavours. I do not like cold drinks
Pet peeve: That with every meal they give you a fries and Pepsi. That is so unhealthy
Advice to anyone who wants to be an ironman: Go for the goal. If you are consistent, you will get there. With the first one, it might not be what they want but they should start and just do it
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 374hp at 5,500-6,500rpm
Torque: 500Nm from 1,900-5,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.5L/100km
Price: from Dh285,000
On sale: from January 2022
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