To help weather the coming energy transition, Gulf countries are plowing money in renewable development abroad. In March and April, Iraqi Prime Minister Mustafa al-Kadhimi visited Saudi Arabia and the United Arab Emirates in search of financial aid. What he got instead was a commitment of investment: $3 billion from each government. And both capitals […]
Marking the beginning of a green era
To combat climate change, Saudi Arabia has launched the Saudi Green Initiative and Middle East Green Initiative. One of the lessons learned from the ongoing COVID-19 pandemic is the need for collective action among members of the international community to effectively address global challenges such as pandemics and climate change. The pandemic has created an […]
Saudi Arabia solar target raised after seven projects added including record low cost
HIGHLIGHTS Record low electricity cost of 1.04 cents/kWh Sakaka is Saudi Arabia’s first renewables project Other project costs at 3.40-4.90 cents/kWh Dubai : Saudi Arabia is closer to developing 3.3 GW of solar capacity up from only 300 MW currently operational as plans were announced earlier this month for seven projects, according to a new […]
Saudi Arabia sees over $200 billion in savings from energy reforms plan: FinMin
Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments. The world’s top oil exporter has embarked on an ambitious reforms programme in recent years to […]
Addressing hydrogen supply chain scarcity
Safely distributing hydrogen will require trillions of dollars of investment to expand the world’s hydrogen infrastructure. The hydrogen supply chain is far from being global yet. While the most practical and effective way to transport hydrogen is in its gaseous form via pipeline networks, the latter are relatively scarce, localised in and around large industrial […]
Pinsent Masons advises on the project financing of the Rabigh Solar PV IPP Project in the Kingdom of Saudi Arabia
Multinational law firm Pinsent Masons has advised the financiers (Japan Bank for International Cooperation, Mizuho Bank and Al Rajhi Banking and Investment Corporation) on the project financing provided to a consortium led by Marubeni Corporation in joint venture with Al Jomaih Energy & Water Company Limited of the 300MW solar power plant to be built […]
PPAs signed for seven solar power projects in Saudi Arabia
Latest deals under kingdom’s renewable energy programme will have total capacity of 2.97GW. Saudi Arabia has announced the signing of power purchase agreements (PPAs) for seven solar photovoltaic projects with a total capacity of 2,970MW in the latest batch of projects under its National Renewable Energy Programme (NREP). The projects are located in Al Madinah, […]
Larsen & Toubro begins constructing 300MW solar plant in Saudi Arabia
Dubai: The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured the go-ahead to begin constructing the 300MW Jeddah Solar PV Power Plant. The turnkey EPC order has been received from the consortium of Masdar, EDF Renewables and Nesma Company. Awarded by Saudi Arabia’s Renewable Energy Project Development Office to the […]
L&T bags 300 MW solar project in Saudi Arabia
Infrastructure major Larsen & Toubro on Tuesday said it has bagged a 300-MW solar power project in Saudi Arabia. NEW DELHI : Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged a 300-MW solar power project in Saudi Arabia. The engineering, procurement and construction (EPC) order has been received from the consortium […]
Masdar and EDF start construction work on 300MW solar plant in Saudi Arabia
A consortium between Abu Dhabi-based Masdar, EDF Renewables and Nesma Holding Company has broken ground on a 300MW PV project in Saudi Arabia. The Jeddah solar plant, located 50km south-east of the city of Jeddah, will feature bifacial modules and single-axis trackers, while robots will be used to clean the modules. Saudi Arabia’s Ministry of […]