Saudi Arabia

Saudi Arabia releases 3.3 GW of solar, wind projects
Saudi Arabia has actually released a tender for 3.3 GW of wind and solar power projects as part of the National Renewable Energy Programme (NREP), the Ministry of Energy claimed on Sunday.
Sep 26, 2022 // Markets & Finance News, Saudi Arabia, Asia
ACWA Power posts strong H1 results as it continues its renewables expansion
Saudi Arabian renewables developer ACWA Power uploaded solid H1 2022 results as it remains to divert its portfolio to renewables and low-carbon technologies.
Aug 15, 2022 // Markets & Finance News, Saudi Arabia, floating PV, Asia, power purchase agreement, Indonesia, Uzbekistan, Oman, ACWA Power
Inverted perovskite-silicon tandem solar cell with 29.3% effectiveness
Researchers in Saudi Arabia have built an inverted perovskite-silicon tandem device with a 1 nm thick interlayer based on magnesium fluoride (MgFx). They declare it can quit voltage losses and boost power conversion performance, while preserving 95.4% of its initial performance after 1,000 hrs.
Jun 29, 2022 // Technology, Saudi Arabia, Asia, efficiency, KAUST, perovskite-silicon, solar sell
New Fitch Report Says Saudi Arabia Solar Power Expansion To Reach 5.1 GW By 2031
Saudi Arabia awarded contracts for the development of more than 1.7 GW of solar energy projects until now. The report likewise said that Saudi Arabia furthermore has green hydrogen as a key component of its long-lasting energy sector strategy. The country desires create 2.9 million tonnes of green hydrogen each year by 2030.
Jun 22, 2022 // Markets & Finance News, Saudi Arabia, Asia, fitch solutions, green hydrogen, Solar Power, NREP, National Renewable Energy Programme, saudi solar capacity
Longi to provide 400 MW of modules for Saudi solar project
Chinese solar technology company Longi will supply its Hi-MO 5 (72C) modules for the 400-MW direct present (DC) Rabigh Solar PV IPP project in Saudi Arabia.
Jun 13, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, LONGi, Solar Project
MA'ADEN, GlassPoint sign pact to create world's biggest solarized steam plant
The upcoming solar thermal plant called 'Solar 1' will be located in Ras al Khairto harness the power of the sun to produce steam that will better be used to improve bauxite ore into alumina. The 1,500 MW solar steam facility will help MA'ADEN attain sustainability objectives by decreasing carbon discharges by over 600,000 tons annually.
Jun 6, 2022 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, MoU, carbon emissions, GlassPoint, industrial solar steam, MA'ADEN, Riyadh Al Nassar, Robert Wilts, Rod MacGregor, Saudi Green Initiative, SGI
How scientists are expanding spinach in the desert thanks to these brand-new photovoltaic panels
Researchers in Saudi Arabia have actually developed photovoltaic panels that soak up water vapour from ambient air. This has actually been utilized to grow spinach in the middle of the desert.
Mar 31, 2022 // Plants, Peng Wang, Saudi Arabia, Asia, KAUST
Nextracker to gear up part of 1.5-GW solar complex in S Arabia
United States solar tracker maker Nextracker Inc claimed on Monday that its technology has actually been chosen for the preliminary phase of the 1,500-MW Sudair solar park project in Saudi Arabia.
Mar 28, 2022 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, Nextracker, solar complex
Saudi Arabia Signs PPA Contracts for Solar Energy Deals Worth $665 Million
Saudi Arabia Energy Minister educates that even more renewable projects worth 15 gigawatts will certainly be added this as well as coming year. Saudi Power Procurement Company authorized PPAs with Ar Rass Solar and also consortium led by Jinko Power.
Mar 9, 2022 // Markets & Finance News, Saudi Arabia, PPA, Asia, Jinko Power, power purchase agreement, ACWA Power, SPPC, Ar Rass Solar Energy Company, Prince Abdulaziz bin Salman
ACWA makes power play for 700MW Saudi solar
25-year PPA with SPPC is for the $450m Ar Rass solar project in Al Qassim province
Mar 8, 2022 // Plants, Saudi Arabia, Asia, ACWA Power, Saudi Power Procurement Company, SPPC
Saudi Arabia's Bin Omairah to Up Photovoltaic Panel Exports to Europe, Africa
The business aims to increase its exports of solar panels to the Middle East, North Africa and Europe. It likewise prepares to commission a 2nd assembly line by the center of today year to elevate the company's panel result to 450 MW by the end of 2022.
Feb 18, 2022 // Manufacturing News, Markets & Finance News, Saudi Arabia, Asia, solar panel, middle east, International, Neom, north africa, Bin Omairah Holding, Bin Omairah Renewables, Masdar Solar, panel manufacturing
Saudi fund, POSCO, Samsung C&T to study green hydrogen manufacturing
Saudi Arabia's Public Investment Fund(PIF), South Korea's steelmaker POSCO (KRX:005490) as well as Samsung C&T Corp (KRX:028260) have teamed up to discover the growth of a joint project for the production of green hydrogen with export purposes.
Jan 19, 2022 // Solar to Fuel, Saudi Arabia, Asia, Public Investment Fund, PIF, POSCO, Samsung C&T
ACWA signs financing take care of Natixis for up to US$ 2bn of projects
Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will certainly see the companions explore possibilities to create projects, consisting of renewable resource plants.
Dec 6, 2021 // Markets & Finance News, Saudi Arabia, Natixis, Asia, ACWA Power, project finance
NADEC's 30-MW solar farm in Saudi Arabia starts procedure
Works on a 30-MW solar farm in the region of Haradh in eastern Saudi Arabia have actually been settled after numerous hold-ups, and also the plant will certainly begin delivering power to the National Agricultural Development Co (TADAWUL:6010), or NADEC, under a power acquisition contract (PPA).
Nov 1, 2021 // Plants, Large-Scale, Commercial, Saudi Arabia, NADEC, Asia, PV Power Plant, solar farm
ACWA Power to Go Public, Expected to Drive RE Boom in Saudi Arabia
The power manufacturer, which will certainly be 44% had by Saudi Arabia's sovereign wide range fund after the IPO, said it'll offer shares at 56 riyals ($14.93) each after institutional part of the offering finished. It will certainly elevate $1.2 billion for ACWA as well as value the firm at $10.9 billion.
Oct 8, 2021 // Markets & Finance News, Saudi Arabia, IPO, Asia, ACWA Power, initial public offering, Saudi Stock Exchange