Essar Group, Desert Technologies sign renewable energy MoU

Desert Technologies (DT) an independent solar PV and smart infrastructure holding company, entered into a long-term partnership with the multinational conglomerate Essar Group. Both parties signed a Memorandum of Understanding (MoU) to develop renewable energy solutions for Essar Group’s Green Steel Arabia (GSA) project in the Kingdom of Saudi Arabia (KSA) as well as potential future projects.

This will put Saudi Arabia on the map, as a pioneering country in Green Steel production and green energy generation. The MoU was executed between Desert Technologies and Essar Group at the G20 summit in New Delhi, India.

Through this partnership, DT and Essar will develop solutions for renewable energy generation and storage for Essar’s Flat Steel Complex in the KSA, which is the first green steel project in the GCC region, and will also explore opportunities for other potential projects. Based in Saudi Arabia, and operating in more than 25 countries, Desert Technologies has a proven track record as a PV developer, investor, EPC and O&M contractor, PV solar panel manufacturer, and energy storage systems integrator.

The Essar project is set to be the region’s first Green Steel project aiming to set the global benchmark in the reduction of CO2. The project will have a direct reduced iron (DRI) capacity of 5.0 mtpa, comprising two modules of 2.50 mtpa each, and 4.0 mtpa hot strip capacity, as well as 1.0 million tonnes of cold rolling capacity along with galvanizing and tin plate lines.

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