The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was apprised of a Memorandum of Understanding between the Ministry of New and Renewable Energy of the Government of India and the Ministry of Energy of the Kingdom of Saudi Arabia for cooperation in the field of Renewable Energy. This was signed on 29th October, […]
Saudi Arabia has potential to be hub for green finance: KPMG
Saudi Arabia can become the center for green finance for emerging markets, which will bring huge economic and commercial benefits to the economy in line with Vision 2030, according to Michael Hayes, global head of renewables, KPMG International. “The amount of capital required to support the energy transition is vast and it is for this […]
JinkoSolar’s motion for summary determination of non-infringement will be granted by ITC JUDGE within two weeks
Jacksonville, Fla.: JinkoSolar Holding Co., Ltd. (NYSE: JKS) (“JinkoSolar”), one of the largest and most innovative solar module manufacturers in the world, today announced that the Administrative Law Judge (“ALJ”) in U.S. International Trade Commission Investigation No. 337-TA-1151 (“the 1151 Investigation”) issued an order indicating that JinkoSolar’s motion for summary determination of non-infringement will be […]
Meteoric Rise of Middle East Solar Power with 5GW of New PV Capacity Annually
The Middle East has long been considered as the global production base for oil and natural gas. However, there are increasing global requirements for greenhouse gas emission reduction. Renewable energy technology is gaining popularity in recent years. Moreover, the oil prices have been on the decline since 2014. As a result, the countries in the […]
India, Saudi Arabia ink 12 agreements in sectors including renewable energy
The agreements were signed in the presence of Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman Riyadh Saudi Arabia: India and Saudi Arabia on Tuesday signed 12 MoUs and agreements in key sectors including defence industries collaboration, renewable energy, security cooperation and civil aviation. The agreements were signed in the presence of […]
8 Countries (Besides the US) With Solar Under $25 per Megawatt-Hour
Around the world, solar power price records just keep on coming. One of the biggest U.S. solar stories of the summer was developer 8minute’s pricing record of $19.97 per megawatt-hour for a Los Angeles project. The project, which looks set to go ahead following initial union resistance, remains a relatively rare public example of sub-$25 […]
Saudi Arabia Sets Up New $320 Million Renewables Fund
Saudi Arabia has set up a $320-million (1.2 billion riyals) fund that will provide debt financing for renewable energy projects, including the manufacturing of renewable energy components. “Whether you’re in manufacturing, agriculture or retail, if you want to deploy renewable energy, we will finance it,” Dr. Ibrahim Bin Saad Almojel, the Director General of the […]
Saudi Arabia Starts Offering Loans to Develop Renewable Energy
Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil. The 105 billion-riyal ($28 billion) Saudi Industrial Development Fund opened applications for the program, called Mutjadeda, on Sunday. The program will give loans of as much as 1.2 […]
Saudi Arabia’s ACWA Power to focus more on renewable energy projects: CEO
ABU DHABI : ACWA Power plans to focus more on renewable energy projects, lifting their share of its portfolio to 70% over the next decade, its chief executive and president said on Monday. The current value of the Saudi Arabian utility developer’s portfolio is more than $42 billion, with renewables accounting for 23%. “By 2030, […]
CG Power bags contract for 400-MW wind farm in Saudi Arabia
With an installed capacity of 400 megawatt, Dumat Al Jandal will be Saudi Arabia’s first large-scale onshore wind farm and the largest so far in the Middle East Mumbai: CG Power and Industrial Solutions Ltd has bagged a contract valued at 12.5 million euros (about Rs 96 crore) for high-voltage substations that will connect the […]