Emerge, a joint venture between Masdar and France’s EDF, has signed an agreement with Khazna Data Centres to develop a ground-mounted solar photovoltaic plant that will power Khazna’s new data centre in Masdar City.
As part of the deal, Emerge will provide a full turnkey solution for the project, including finance, design, procurement, construction, operations and maintenance for 25 years, Emerge said. It did not provide details on the total cost of the 7-megawatt peak (MWp) capacity project.
“This agreement with Khazna Data Centres advances Abu Dhabi’s commitment to sustainability and high-tech industry, and extends Emerge’s range of offerings,” said Michel Saab, general manager of Emerge.
Abu Dhabi’s Masdar and Paris-listed EDF set up Emerge in 2019 to explore opportunities for the development of non-utility scale renewables and energy-efficient projects in the UAE and other countries in the region.
Earlier this year, Emerge announced it is developing a rooftop solar project at the SeaWorld Abu Dhabi theme park, currently under construction on Yas Island.
“At Khazna Data Centres, we recognise the impact that data centres have on the environment, and we are designing and constructing today’s data centres with sustainability at top of mind in addition to implementing environmental solutions to help mitigate the effects of climate change,” Hassan Alnaqbi, chief executive of Khazna, said.
Khazna's Masdar City unit, which is its second data centre in Abu Dhabi, is scheduled to be operational next year, according to the company.
Khazna currently operates 12 data centres across the UAE, with a total planned capacity of 300 megawatts by the end of 2023.
Earlier this year, the UAE’s biggest telecom operator e& and artificial intelligence provider G42 officially merged their data centre services under Khazna Data Centres as they seek to cater to increasing digital infrastructure requirements in the region.
Masdar has more than $20 billion of investments globally and is rapidly expanding its renewables portfolio as countries focus on cutting emissions to limit global warming.
This year, it signed a number of new agreements to explore and develop renewable energy and green hydrogen projects after increasing its global clean energy portfolio capacity by 40 per cent in 2021. The company aims to reach 100 gigawatts of renewable capacity in the next 10 years.
Masdar is “assessing” new opportunities to boost its portfolio, Fawaz Al Muharrami, acting executive director of clean energy at Masdar, told The National in an interview earlier this month.
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The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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The specs
Engine: 2.9-litre, V6 twin-turbo
Transmission: seven-speed PDK dual clutch automatic
Power: 375bhp
Torque: 520Nm
Price: Dh332,800
On sale: now
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now