DNV, the independent energy expert and assurance provider, has acted as technical consultant to Saudi Power Procurement Company (SPPC) during the development of the 1.5 GW Sudair Solar PV project. DNV supported SPPC for over two years with a scope of work which included preparation of project protocol documents, setting the technical conditions of the […]
Uzbekistan shortlists Five Bidders in Final Phase of Uzbekistan’s 200 MW Solar Tender
Uzbekistan shortlists Five Bidders in Final Phase of Uzbekistan’s 200 MW Solar Tender RFP – BID OPENING OF ENVELOPE I (LEGAL, TECHNICAL AND COMMERCIAL PROPOSALS) Program Name Uzbekistan Solar Program Project Name Sherabad Solar PV Project Uzbekistan (the “Project”) This public announcement is made in accordance with Article 19 of the Public Procurement Law. In […]
How much electricity can the world’s biggest single-site solar park produce?
Dubai dawns a new wave of renewable technology with its MBR Solar Park. The United Arab Emirates might be known for its sizable oil and gas reserves, yet it also has one of the highest solar exposure rates globally. It is home to the Mohammed Bin Rashid Al Maktoum Solar Park (MBR Solar Park), the […]
Kom Ombo Solar power plant construction in Egypt to begin in Q3 2021
ACWA Power, a leading Saudi developer, investor, and operator of power generation and desalinated water plants has announced that the construction of the Kom Ombo Solar power plant will officially begin in the third quarter of the year 2021. The announcement was made after the finalization of the virtual signing of a 25-year Power Purchase […]
Under the patronage of the Crown Prince and Saudi Minister of Energy: ACWA Power inaugurates KSA’s first utility scale renewable energy project
UNDER THE PATRONAGE OF THE CROWN PRINCE AND SAUDI MINISTER OF ENERGY: ACWA POWER INAUGURATES KSA’S FIRST UTILITY SCALE RENEWABLE ENERGY PROJECT. Inauguration of Sakaka PV IPP marks a historic moment in the Kingdom’s energy transition as a cornerstone for future renewable energy projects The 300MW PV plant exemplifies the role of PPPs in enabling […]
ACWA POWER SIGNS FINAL PROJECT AGREEMENTS ON 200MW KOM OMBO PV PLANT
ACWA POWER SIGNS FINAL PROJECT AGREEMENTS ON 200MW KOM OMBO PV PLANT WITH EGYPTIAN GOVERNMENT Financial closure and ground-breaking expected in Q3 2021 Commercial operations to commence in Q3 2022 Cairo, Egypt: ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 markets, has finalised the project agreements […]
The Ministry of Energy and ACWA Power achieve momentous milestones as Uzbekistan enhances its clean energy capacity
Tashkent, Uzbekistan, : Following agreements signed in March 2020, cooperation between the Uzbekistan Ministry of Energy, the Ministry of Investments and Foreign Trade, and ACWA Power has led to three major milestones in the development of power projects to enable Uzbekistan’s ambitious energy transformation plan and increase energy capacity by 2500MW. The ground-breaking ceremony of […]
Acwa Power Announces Winners of “The Power Is Within You”
ACWA POWER ANNOUNCES WINNERS OF “THE POWER IS WITHIN YOU” INITIATIVE AIMED TO EMPOWER YOUTH-DRIVEN INNOVATION IN THE KINGDOM’S POWER AND WATER SECTOR Judging panel comprising senior leaders from ACWA Power and The Higher Institute for Water and Power Technologies (HIWPT) selected the top three ideas to receive further incubation and development support Riyadh, KSA: ACWA […]
APICORP extends to ACWA Power a $125 million 5-year term Murabaha facility
Riyadh, Saudi Arabia : APICORP, a leading multilateral development financial institution, and ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants worldwide, announce the signing of a $125 million 5-year Shariah-compliant corporate facility to support ACWA Power’s future growth pipeline. The agreement is aligned with APICORP and ACWA […]
UNDER THE PATRONAGE OF THE SAUDI MINISTER OF ENERGY, ACWA POWER SIGNS THREE AGREEMENTS FOR THE FIRST FOREIGN INVESTMENT BASED INDEPENDENT WIND POWER PROJECT IN AZERBAIJAN
Riyadh, Saudi Arabia : Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, ACWA Power today executed the official agreements for the 240 MW wind power project that will be located in the Absheron and Khizi regions. The virtual signing ceremony was attended by His Royal Highness […]