Fotowatio Renewable Ventures (FRV), part of Saudi Arabia's Abdul Latif Jameel Energy, has started building one of the UK’s largest battery storage projects in Essex, in partnership with local developer Harmony Energy.
Called Clay Tye, the plant will have a total power capacity of 99 megawatts / 198 megawatt-hours, making it "one of the biggest projects of its kind" under construction in the UK, FRV said in a statement on Monday.
“We are always looking for opportunities to spearhead the move to a more sustainable future,” said Fady Jameel, deputy president and vice chairman of Abdul Latif Jameel.
The construction “highlights our commitment to tackling climate change in a tangible and sustainable way”.
“Energy transition has always been a core priority for us and we are working ... with the right partners to develop an energy system that is more sustainable, secure and affordable,” Mr Jameel said.
The UK has been investing heavily in accelerating energy efficiency measures and is investing more than £6 billion ($7.2bn) in decarbonising the nation’s homes and buildings under its national energy security strategy.
Clay Tye uses 52 Tesla megapack lithium-ion batteries along with Tesla’s autobidder AI software for energy capacity exchange and project management.
Megapack batteries have a capacity of 15MWh and are connected to the Southern Electric Power distribution network, providing the capability to store energy from renewable sources and afford peak-time flexibility to the UK National Grid as part of the country’s continuing shift away from fossil fuels.
FRV and Harmony Energy expect the plant to be finished and operational during the first quarter of next year.
The project reflects FRV’s long-term investment plan to develop energy-storage projects globally in countries including Australia, Mexico, Chile and Spain, the statement said.
Energy transition has always been a core priority for us, and we are working ... with the right partners to develop an energy system that is more sustainable, secure and affordable
Fady Jameel,
deputy president and vice chairman of Abdul Latif Jameel
It follows the completion of FRV and Harmony Energy’s battery storage centre, Contego in West Sussex, which has a capacity of 34MW / 68MWh and the completion of FRV’s Holes Bay battery energy storage project in Dorset, capacity 7.5MW / 15MWh.
Last month, FRV also led a $10.5m funding round in Australian energy software company Evergen as part of efforts to support the global transition to a clean energy model.
Established in 2012, Abdul Latif Jameel Energy is an independent power producer and a service provider in the renewable energy sector. It has interests in 16 countries with capabilities in renewable energy, including solar photovoltaic, wind, waste-to-energy and environmental solutions, including desalination, water and wastewater treatment.
FRV, a renewable energy development company, expects to invest more than $1.5bn with the goal of doubling total installed capacity from 2 gigawatts in 2021 to 4 gigawatts in 2024.
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
All Black 39-12 British & Irish Lions
'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs: 2018 Jeep Grand Cherokee Trackhawk
Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
MATCH INFO
Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid
UAE currency: the story behind the money in your pockets
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
No.6 Collaborations Project
Ed Sheeran (Atlantic)
A list of the animal rescue organisations in the UAE
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
