The Gujarat coast might quickly hyperlink up to the Middle East with deep sea cables, making a renewable vitality grid as India and Saudi Arabia discover a cross-country mission borne on the tide of a brand new period of vitality diplomacy, stated individuals with information of the matter. This might be a part of the […]
Saudi, Omani firms unveil deals worth $10bn as Crown Prince Mohammed bin Salman begins visit – EQ Mag Pro
RIYADH: On the eve of Saudi Crown Prince Mohammed bin Salman’s arrival in Muscat, Saudi Arabia and Oman signed 13 memoranda of understanding, reportedly worth more than $10 billion and covering a number of sectors. The agreements were signed by Omani companies fully-owned by the sultanate’s Investment Authority, Omani state TV reported on Monday. OQ […]
Biggest Saudi IPO Since Aramco Jumps 30% on Trading Debut
ACWA Power International surged on its debut in Riyadh after raising more than $1.2 billion in the biggest Saudi Arabian listing since Aramco’s two years ago. The utility jumped by the 30% daily limit to 72.80 riyals on Monday as investors flocked to a business seen as key to Saudi Arabia’s efforts to diversify from […]
Saudi Solar Company Expands its Investments to France, Greece and Kazakhstan
Desert Technologies, one of the world’s leading companies in the field of renewable energy, recently signed an agreement with contracting companies for the construction of a 12 MW solar photovoltaic plant on the Greek island of Trifyila. The project is Desert Technologies’ first investment in the Greek market with a capacity of 12 MW and […]
Saudi firm Alfanar acquires wind turbine manufacturer Senvion India
With this 100 per cent acquisition, the Saudi firm has entered into India’s energy sector New Delhi : Alfanar, a Saudi Arabia-based manufacturer and trader of power equipment, on Thursday said it has acquired wind turbine manufacturer Senvion India from Senvion GmbH. With this 100 per cent acquisition, the Saudi firm has entered into India’s […]
Saudi Aramco Energy Ventures Invests in Renewable Energy Storage Company
Energy Vault, a creator of renewable energy storage products, announced new investment from Saudi Aramco Energy Ventures (SAEV), the strategic technology venturing program of Aramco. Swiss-based, global energy storage company specialising in gravity and kinetic energy based, long-duration energy storage products, Energy Vault, announced a new investment from Saudi Aramco Energy Ventures (SAEV), Aramco’s enterprise […]
Solar manufacturers face last day to submit bids for Saudi solar power project
Today marks the deadline for solar manufacturing companies to submit proposals for Saudi Arabia’s layer category B solar power project. The bid deadline, which was originally set for May 24, has been extended to today due to the pandemic. Solar manufacturing companies, such as UAE-based Masdar and Chinese Jinko Solar, will have a final opportunity […]
Saudi Government Signs PPAs with Seven Independent PV Projects
Reuters and other foreign news agencies reported that the government of Saudi Arabia has just entered PPAs with seven new solar projects and inaugurated the Sakaka PV Power Plant. Local news outlets also reported that the construction of the Dumat al-Jandal wind farm, which is the first utility-scale wind project in Saudi Arabia, is halfway […]
Saudi consortium secures 1.5GW solar PPA
A consortium backed by Saudi Arabia’s sovereign wealth Public Investment Fund (PIF) has signed a 25-year power purchase agreement with Saudi Power Procurement Company for electricity from an up to 1500MW solar farm. Initial commissioning of the Sudair project, located in Sudair Industrial City, is expected in the second half of 2022. Sudair will have […]
Saudi inaugurates first renewable energy power plant
Mumbai: Taking advantage of the Govt of Goa’s facility for net metering that facilitates the storage of surplus solar energy generated in the grid, the Goa Institute of Management (GIM) has installed a 675 kW solar power plant (90% of its registered Max Demand) at its Sanquelim campus in Poriem, Sattari Taluka. The facility constructed […]