ACWA Power

Masdar to construct 200MW Azerbaijan-based solar farm
The PV array will be installed 75km from the capital. The price of the winning bid has not been disclosed by the government. Apart from 200 megawatts of solar capacity, the tender included 250 megawatts of wind power, which has been awarded to ACWA Power.
Jan 10, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Masdar, Europe, ACWA Power, Azerbaijan
ACWA Power Signs Two Power Purchase Agreements with Ethiopian Electric Power
ACWA Power has revealed the signing of two Power Purchase Agreements with Ethiopia’s electricity producer, Ethiopian Electric Power, to build two 125 MW solar installations in Ethiopia.
Dec 24, 2019 // Markets & Finance News, PPA, Ethiopia, Africa, ACWA Power
ACWA Power switches on 50 MW solar farm in Jordan
The PV project, that was tendered by Jordanian utility NEPCO in 2017, will sell electricity at $0.059/kWh. The plant is situated at Jordan's Risha area, which is approximately 300 km northeast of Amman.
Dec 12, 2019 // Plants, Large-Scale, Commercial, Jordan, Asia, ACWA Power, NEPCO
Bangladeshi solar mini grids threatened by fossil fuel commitments
In racing to provide access to electricity to all its citizens, the government has commissioned extensive coal, gas and nuclear generation capacity and the solar sector fears an ever-expanding national grid will kill the business case for solar in previously off-grid areas.
Oct 25, 2019 // Markets & Finance News, Grids, Policy, Bangladesh, Asia, ACWA Power, Siddique Zobair
ACWA Power plans 3.6 GW of new fossil fuel capacity in Bangladesh
Renewables may be making encouraging advances in the south Asian nation but the natural gas infrastructure deal announced today by the Saudi power company at a stroke eclipses the 375 MW of solar capacity in Bangladesh and its 609 MW development pipeline.
Oct 22, 2019 // Markets & Finance News, Policy, Saudi Arabia, Bangladesh, Asia, ACWA Power, Paddy Padmanathan, Rajit Nanda
Race Heats Up For Title Of Cheapest Solar Energy In The World
Dubai has narrowly missed out on reclaiming the title of having the world’s cheapest solar photovoltaic (PV) energy, after receiving bids for the latest phase of a massive solar park on the desert outskirts of the city.
Oct 17, 2019 // Markets & Finance News, Tariffs, China, Asia, ACWA Power, Dubai, Tom Heggarty, mbr solar park, Abu Dhabi, Concentrated solar power
DEWA bags $0.016953/kWh tariff for 900MW of Dubai solar park
The Dubai Electricity and Water Authority (DEWA) has confirmed that it fielded a tariff of US$1.6953 cents per kWh in a recent tender for a 900MW plot of its 5GW Mohammed bin Rashid (MbR) solar parks – a bid it claims sets a world record for the indepedent power producer (IPP) model.
Oct 16, 2019 // Plants, Large-Scale, Commercial, Tariffs, Dewa, Asia, United Arab Emirates, Saeed Mohammed Al Tayer, tenders, ACWA Power, Dubai, gulf
900MW tranche of Dubai’s MBR solar park sees bid of $0.0175/kWh
The Dubai Electricity & Water Authority (DEWA) has allegedly attracted the second lowest global solar bid for a 900MW tranche of the 5GW Mohammed Rashid Al-Maktoum (MBR) solar park in Dubai.
Oct 15, 2019 // Plants, Large-Scale, Commercial, Tariffs, First Solar, Asia, tenders, ACWA Power, Dubai, UAE, mohammed rashid al-maktoum solar park, mbr solar park, gulf
ACWA’s ‘record’ bid wins 250MW Scaling Solar duo in Ethiopia
Saudi Arabian energy developer ACWA Power has won a 250MW duo of World Bank-backed solar projects in eastern Ethiopia.
Sep 16, 2019 // Plants, Large-Scale, Commercial, Grids, world bank, international finance corporation, Africa, Scaling Solar, tenders, ACWA Power, Arabia Saudi, pv projects