A consortium led by ACWA Power and Gulf Investment Corporation has been named the preferred bidder to build and operate the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park by the Dubai Electricity and Water Authority (DEWA). The park will generate solar power using photovoltaic (PV) solar panels based on the […]
ACWA Power connects the first renewable energy project in the Kingdom, Sakaka PV IPP, to the national electricity grid, commencing initial production
Summary Full plant to be operational before the end of the year 2019 100% Saudisation rate, and 90% local employment rate in Al Jouf region More than three million safe man-hours Al Jouf, KSA: ACWA Power has announced the successful connection of the Sakaka Solar PV Plant – the first renewable energy project in the Kingdom […]
DEWA selects Preferred Bidder for 900MW Solar PV IPP Project – fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has today announced that the consortium led by ACWA Power and Gulf Investment Corporation is the Preferred Bidder to build and operate the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park for using photovoltaic (PV) solar […]
EGYPT: Acwa Power secures contract for 200 MWp of solar energy in Kom Ombo
Saudi independent power producer Acwa Power (IPP) has won the contract to build the Kom Ombo solar photovoltaic power plant in Upper Egypt. It will have a capacity of 200 MWp. It is no surprise that Acwa Power, an independent power producer (IPP) based in Riyadh, Saudi Arabia, will build the Kom Ombo solar photovoltaic […]
ACWA Power Signs the Power Purchase Agreement for the 200 MW Kom Ombo PV plant in Egypt
Summary The plant will power 130,000 homes with solar energy and offset 280,000 tonnes of carbon emissions annually Cairo, Egypt: ACWA Power – a leading international developer and operator of power generation and water desalination facilities from Saudi Arabia – signs a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and […]
Air Products, ACWA Power, Aramco JV raising debt to fund purchase of assets
The joint venture is in advanced stages of talks with lenders, the spokeswoman said DUBAI: A joint venture between US-based Air Products, Saudi Arabia’s ACWA Power and Saudi Aramco is raising debt to help finance the purchase of assets worth $11.5 billion by the end of the year, an ACWA Power spokeswoman told Reuters. The […]
Shanghai Electric Signs MOU with Saudi’s ACWA Power to Co-develop Global Solar Projects
The MOU marks an expansion in Shanghai Electric’s operations in Belt and Road Initiative countries. Represents a further step towards ACWA Power’s goal of generating electricity capacity of 150GW of Power by 2030. DUBAI, United Arab Emirates: Shanghai Electric Group Co., Ltd. (“Shanghai Electric” or “the Group”), a leading multinational power generation and electrical equipment manufacturing […]
DEWA, ACWA Power, and Silk Road Fund reach financial closing on 950MW 4th phase of Mohammed bin Rashid Al Maktoum Solar Park
Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950-megawatt fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The solar park […]