Masdar acquires 50% stake in renewable project in California  

Big Beau project consists of a 128-MW photovoltaic solar plant and a 40/160-MW battery energy storage system. (Supplied)
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Updated 13 April 2023
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Masdar acquires 50% stake in renewable project in California  

RIYADH: Abu Dhabi-based renewable energy firm Masdar has acquired a 50 percent stake in a combined solar and battery project in California, further extending its presence in the US’s renewable market.  

Big Beau project consists of a 128-MW photovoltaic solar plant and a 40/160-MW battery energy storage system, according to a press release.  

The project was acquired from the power producer and service provider EDF Renewables North America.  

“Big Beau and the other projects that we are operating with EDF Renewables are already making an active contribution to US clean energy targets, highlighting the strength of the UAE-US relationship that the recent PACE announcement seeks to build on,” said the UAE Minister of Industry and Advanced Technology Sultan Al Jaber.   

Also, the COP28 President-Designate and Chairman of Masdar, Al Jaber added: “If we are to keep the objective of limiting global warming to 1.5 degrees alive, we need to see countries coming together in concerted action – one of the key areas of focus for the upcoming COP28 in the UAE. Partnerships between companies like Masdar and EDF Renewables are also vital in ensuring we hold back emissions, not progress.”  

In 2020, both parties agreed to collaborate on a portfolio of eight clean energy projects, which have wind, solar and battery storage, and a summed-up capacity of 1.6 GW.  

The agreement incorporated three utility-scale wind projects in Nebraska and Texas totaling 815 MW, as well as five solar projects in California adding up to 689 MW, the release added.  

The report further noted that the aforementioned schemes together displace over 3 million tons of emissions per year, and are already operational.  

“EDFR’s partnership with Masdar enjoys a successful history and today we celebrate another project to add to the growing portfolio. Decarbonization of the energy sector will take the combined effort of developers, off-takers, and investors alike working in collaboration toward ambitious goals,” stated EDFR’s CEO Tristan Grimbert.  

By 2035, around $20 billion will be allocated to fund 15 GW of clean energy projects in the US under the Partnership for Accelerating Clean Energy between both nations, officials announced in January. 


Saudization rates in marketing, sales professions announced

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Saudization rates in marketing, sales professions announced

RIYADH: Saudi Arabia’s Ministry of Human Resources and Social Development has announced the issuance of two decisions to increase Saudization rates in marketing and sales professions.

This comes as part of the ministry’s efforts to enhance the participation of national talent in the labor market, raise the level of Saudization in specialized professions, and provide stimulating and productive job opportunities for Saudi citizens across the Kingdom.

The first decision stipulates raising the Saudization rate to 60 percent in marketing professions in the private sector, effective Jan. 19, 2026. It applies to establishments with three or more employees in marketing professions, with a minimum wage of SR5,500 ($1,466). 

The targeted professions include: marketing manager, advertising agent, and advertising manager, as well as graphic designer, advertising designer, and public relations specialist. They also include advertising specialist and marketing specialist, as well as public relations manager and photographer.

The decision will be implemented three months after the announcement date to allow establishments sufficient time to prepare and implement it.

The second decision stipulates raising the Saudization rate to 60 percent in sales positions within the private sector, effective Jan. 19, 2026. This applies to establishments with three or more employees in sales roles, including: sales manager, retail sales representative, and wholesale sales representative as well as sales representative, IT and communications equipment sales specialist, and sales specialist. They also include a commercial specialist and a goods broker.

The decision will take effect three months after the announcement date to allow targeted establishments time to fulfill the requirements and achieve the Saudization target.

The entity clarified that private sector establishments will benefit from a package of incentives offered by the Ministry of Human Resources and Social Development, including support for recruitment, training and development, and employment, as well as job stability and priority access to Saudization support programs and programs of the Human Resources Development Fund.

The ministry also confirmed that its decision to raise Saudization rates in marketing and sales professions was based on analytical studies of labor market needs, in line with the number of job seekers in related specializations and the current and future requirements of the sales and marketing sectors.

It noted that implementing these decisions would enhance the attractiveness of the labor market, contribute to increasing quality job opportunities, and promote job stability for Saudi nationals.

The ministry further published the procedural guide for the two decisions on its website, which includes details of the targeted professions, the mechanisms for calculating Saudization rates, and the required compliance steps.

It urged all covered establishments to comply with the implementation to avoid penalties and to take advantage of the grace period provided for preparation and fulfillment of the requirements.