Middle East & Africa February 4, 2021 Anand Gupta 0 BMW to Use World’s First Solar-Made Aluminum 0 0 0 00 0 0 more now viewing BMW to Use World’s First Solar-Made Aluminum February 4, 2021 Anand Gupta now playing Operational Guidelines for Implementation of the component ‘Central Financial Assistance to Residential Consumers’ of PM-Surya Ghar: Muft Bijli Yojana - EQ February 4, 2021 Anand Gupta now playing NVVN Issue Tender for Supply of 12.82 MW ground-mounted and rooftop solar photovoltaic projects across multiple locations in India - EQ February 4, 2021 Anand Gupta now playing Indian Institute of Technology - Hyderabad Issue Tender for Setting up of 3.5 MW inhouse Captive Solar PV Plant at IIT Hyderabad campus - EQ February 4, 2021 Anand Gupta now playing Sineng Electric Supplies 1,016 MW of Inverters to the Al Kahfah PV Project in Saudi Arabia - EQ February 4, 2021 Anand Gupta now playing TÜV Rheinland Awards First Pre-Certification in India to Avaada Group for Green Hydrogen and Green Ammonia Production Facility at Gopalpur Odisha - EQ February 4, 2021 Anand Gupta now playing REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables - EQ February 4, 2021 Anand Gupta now playing India offers $500 billion investment opportunity in clean energy, time to tap skilled youth - EQ February 4, 2021 Anand Gupta now playing IFC appoints Indian national Vikram Kumar as regional director for Asia and Pacific - EQ February 4, 2021 Anand Gupta now playing JSW Energy, SJVN sign PPA for 700 MW solar project in Rajasthan - EQ February 4, 2021 Anand Gupta now playing Avaada Energy gets 820 MW hybrid project from SJVN - EQ February 4, 2021 Anand Gupta UAE’s Emirates Global Aluminium in deal with German carmaker BMW to use solar-made aluminum in parts for electric cars BMW AG and Emirates Global Aluminium PJSC have struck a deal for the first aluminum produced using solar power, a milestone for both their energy-intensive industries. The Middle East’s biggest aluminum maker will supply 43,000 metric tons per year of solar aluminum to the German carmaker in a deal worth at least 100 million euros ($121 million), the two companies said in statements on Tuesday. EGA, based in the United Arab Emirates, is the world’s first firm to make aluminum commercially with solar electricity, according to the statements. It will use power generated at the Mohammed Bin Rashid Al Maktoum Solar Park, located in a desert near Dubai. The aluminum will provide almost half of the needs of BMW’s Landshut plant northeast of Munich. Landshut will play an important role in BMW’s plan to take on Tesla Inc., with the facility supplying components for electric vehicles such as the future iX and i4 models. The market for low-carbon aluminum is fast gaining traction, with firms including Apple Inc. partnering directly with suppliers as they try to reduce emissions. Electricity generation accounts for around 60% of the aluminum industry’s greenhouse gas emissions. Most smelters still use coal. “Solar aluminum is a step forward –- using a natural and abundant source of energy in our desert environment to make a metal that is vital to our planet’s future,” EGA’s Chief Executive Officer Abdulnasser Bin Kalban said. BMW said the deal is a step toward lowering CO2 emissions in its supply network by 20% by 2030. By using solar aluminum, BMW will reduce its carbon emissions by 222,000 metric tons annually, EGA said. The reductions represent about 23% of BMW’s emissions from its production alone, but just 0.3% of its total emissions when measured on a Scope 3 metric, which includes greenhouse gases produced by people driving cars built by the company. The Al Maktoum Solar Park, operated by Dubai Electricity & Water Authority, has a planned 2030 production capacity of 5,000 megawatts. EGA produces aluminum at a smelting factory close to the Jebel Ali Port in Dubai, one of seven sheikdoms that make up the UAE. The BMW announcement came hours after U.S. President Joe Biden said he would keep tariffs in place on aluminum imports from the UAE, a decision that could impinge on EGA’s business. — With assistance by William Wilkes Source: bloomberg Related posts: BMW is the first in the world to use aluminum produced with solar energy AFRICA: EEP Africa finances Redavia to provide solar energy to enterprises Iran producing 426 MW from solar, half of total renewables output: Report BMW To Source Aluminum Using Solar Power Starting This Year tags: BMW electric cars Solar battery solar energy 0 00 0 0 previous Morocco, Portugal Sign Agreement on Green Hydrogen Cooperation next Is It Time to Invest in Green Energy Stocks? 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