The first solar dome plant is under construction in Saudi Arabia. 71 percent of the Earth is covered in water, but only 3 percent of that is freshwater. The effective desalination of seawater at a mass scale would clearly be a world-changing achievement, celebrated the world over. With that goal in mind, London-based Solar Water […]
Saudi Arabia’s ACWA Power Unveils IPO Plan – EQ Mag Pro
Saudi Arabia-based International Company for Water and Power Projects, better known as ACWA Power, today announced its intention to carry out an initial public offering (IPO) to list its shares on the main market of the Saudi stock exchange Tadawul. The Saudi utility plans to issue a total of 85.34 million new ordinary shares, including […]
Saudi Arabia Set to Build Two 600 MW Solar Plants – EQ Mag Pro
Saudi Arabia is building two renewable energy plants on land plots with a total area of 12 million sq m, as part of the kingdom’s plan to generate 50 per cent of its energy from renewables, reported Saudi Press Agency. The plants will have a capacity of 600 megawatts and will be implemented in the […]
Valoe Has Signed a Memorandum of Understanding For Establishing a Joint Venture Company in the Kingdom of Saudi Arabia
Valoe’s Objective is to Deliver a Solar Module Manufacturing Plant it Designs to the Joint Venture. Valoe Oyj has signed a Memorandum of Understanding with ICON Advanced Co. Ltd, a Saudi Limited Liability Company fully owned by Salem Balhamer Holding. Valoe and ICON are planning to form a Joint Venture Company where ICON has a […]
EGEB: Oil kingdom Saudi Arabia Launches Its First Wind Farm, the Middle East’s Largest
In today’s Electrek Green Energy Brief (EGEB): Saudi Arabia’s first wind farm is now connected and producing clean energy. Arizona may get its very first electricity provider that offers 100% clean energy. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price […]
Kuwait Ports Plans Region’s First City For Electric Car Makers
Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, the authority said in a statement on Sunday. The statement does not make clear where the project, called EV City, will be located. The design and construction tendering process will be during the 2011/22 fiscal […]
Saudi Arabia Suspends Privatization of Desalination And Power Plant
Desalination is expensive and energy-intensive but is relied upon in hot, water-scarce climates like Saudi Arabia and neighbouring Gulf countries. Saudi Arabia has suspended the privatisation of the Ras Al Khair desalination and power plant, one of a number of state assets that the government aimed to sell to reduce pressure on capital spending and […]
Saudi Arabia’s Alfanar Buys Wind Turbine Maker Senvion India
Some of the large wind power portfolio in India are owned by Goldman Sachs-backed ReNew Power Ventures Pvt. Ltd, GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) backed Greenko Energy Holdings, among others. Riyadh-based Alfanar has 480 MW operational wind power projects and 1.67 GW under various stages of development in Europe, India […]
UAE, Saudi Arabia Will Lead the Gulf Market For Distributed Energy
The region’s total distributed energy market is estimated to garner a revenue of $602 million by the end of 2021 The distributed energy market in the Gulf Cooperation Council (GCC) is gathering momentum as declining technology costs, resource availability, and favourable policies encourage customers to self-generate renewable electricity and sell excess to the grid, according […]
Saudi Arabian Solar: How the State Has Invested in Overseas Solar Projects
ACWA Power has invested in some of the world’s largest solar projects, including the Redstone facility and the Kom Ombo plant. On paper, Saudi Arabia has some of the greatest potential for solar power facilities, with a favourable climate and sweeping areas of flat land that could maximise the production of solar panels. However, solar […]