Inks three major development agreements valued at more than US$12billion on the occasion of the state visit of H.E. Shavkat Mirziyoyev, President, Republic of Uzbekistan to the Kingdom of Saudi Arabia Uzbekistan will become the second largest country for ACWA Power in terms of overall investment Company formalises agreement for c.US$2.4billion 1.5GW wind farm in […]
Construction begins on Saudi Arabia’s Jubail 3B Independent Water Project with the largest in-house solar capability of 61 Mwh for a desalination plant in the Kingdom – EQ Mag Pro
A groundbreaking ceremony took place today at the 570,000 m3/day Jubail 3B Independent Water Project (IWP) plant in Saudi Arabia, marking the start of construction. The plant is being built by a consortium comprised of ENGIE, Nesma Company Limited and Ajlan & Bros holding group for Saudi Water Partnership Company (SWPC). The desalination plant, which […]
Rajit Nanda, Saudi Arabia’s ACWA Power Chief Portfolio Head, To Step Down – EQ Mag Pro
Kashif Rana, the company’s CFO, will also oversee portfolio management as Rajit Nanda, CPMO steps down Clive Turton and Abdulhameed Muhaidib appointed as CIO and Deputy CFO respectively Riyadh, Kingdom of Saudi Arabia, 22 December 2021: ACWA Power, a leading developer, investor and operator of power generation, water desalination and green hydrogen plants, today announced […]
PROJECTS: Financial Close For 1.5-Gigawatt Saudi Solar Project a Week Away
Sudair PV IPP forms part of Saudi Public Investment Fund’s renewable energy programme. Saudi Arabia’s largest solar photovoltaic (PV) project, the 1.5-gigawatt Sudair PV Independent Power Project (IPP), will reach financial close in a week, a senior official from the developer consortium said. The financial close for the 3.5 billion Saudi Riyal ($930 million) solar […]
DNV supports Saudi Arabia’s Sudair Solar PV project
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 […]
How the energy Saudi Arabia’s sun brightens the world
Saudi Arabia is keen to localize the renewable energy sector and achieve its goal of increasing the contribution of renewables to electricity production in the Kingdom. These targets are part of the wider “Green Saudi Arabia” and “Green Middle East” initiatives — two powerful projects that positively impact global environmental interests and strengthen the Kingdom’s […]
Saudi Arabia’s Desert Technologies To Fund Solar Projects In Nigeria
Despite being the leading economy on the African continent in terms of GDP ($443 billion), the installed electrical capacity in Nigeria does not exceed 12,522 MW (2020), as only 36 percent of the population in rural areas has access to electricity. Saudi solar energy firm Desert Technologies (DT) revealed plans to provide large-scale financing to […]
Goa Institute Of Management (GIM) Has Installed A 675 KW Solar Power Plant
The total capacity of these projects, in addition to the two projects of Sakaka plant and Doumat Al Jandal wind energy project, is 3,670 MW, energy minister Abdulaziz bin Salman said Riyadh: Saudi Arabia’s Crown Prince Mohammed bin Salman has inaugurated the Sakaka IPP PV power plant, the country’s first renewable energy project. The launch […]
Saudi Arabia’s Alfaisal University Launches Solar Powered Car
The car can travel up to 2,500 kilometers on a single charge, at a speed of over 80 kilometers per hour. Alfaisal University’s College of Engineering in Saudi Arabia has unveiled a solar- and electric-powered car, produced by a team from the university — led by Habib Farooq — in partnership with Boeing. The event […]
‘Like building the pyramids’: the epic green energy plans for Saudi Arabia’s $500bn Neom mega-city
Living laboratory’ will be powered by up to 40GW of mainly wind and solar producing at ultra-low prices, says energy chief Peter Terium...Read More..