Saudi Arabia

ACWA Power Secures $2.3B for Saudi Solar Projects
ACWA Power secures $2.3 billion for 4.55 GW solar projects in Saudi Arabia, with major banks backing the initiative. Leading the way in renewable energy development.
Feb 19, 2024 // Plants, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant
Revolutionizing Solar Energy: Saudi Arabia and Beyond
Scientists at KAUST have published a roadmap for perovskite/silicon tandem solar cells, combining efficiency and stability for affordable clean energy. Paving the way for a $10 billion market.
Jan 12, 2024 // Technology, Saudi Arabia, Asia, solar cell, perovskite, efficiency, KAUST
Saudi Arabia Seeks 3.7GW of Solar Projects
Saudi Arabia is inviting developers to take part in its ambitious NREP 5 round, which aims to add 7.2 GW of solar capacity across 4 regions. The largest project, Al Sadawi, offers 2 GW capacity in the Eastern Province. Don't miss your chance to join this initiative and help shape the renewable energy future of the country.
Nov 13, 2023 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, PV Power Plant
Acwa Power to Enter China in 2021: CEO
Acwa Power Co. is expanding to China and other Asian markets in 2022, focusing on desalinization, power plants and renewable energy. The move is part of the company's global expansion and carbon emission neutralization plans. CEO Marco Piero Arcelli, appointed in 2021, is driving the firm's ambitions to also build partnerships and establish operations in Europe and Saudi Arabia.
Sep 5, 2023 // Markets & Finance News, Saudi Arabia, China, Asia, ACWA Power
GCL Tech Eyes Saudi Arabia for 1st Foreign Plant
GCL Technology Holdings Ltd. is in advanced talks to build its first foreign plant in Saudi Arabia. The plant will produce 120,000 tons of polysilicon a year and could start operations as early as 2025. Lower solar prices have increased demand in China and around the world, making this expansion into new markets possible. GCL is considering opportunities in Mexico and Australia as well.
Sep 5, 2023 // Manufacturing News, Saudi Arabia, China, Asia, GCL Technology Holdings
ACWA: 2.6GW Saudi Solar Farms Financed
ACWA Power has reached financial close on two solar projects in Saudi Arabia with a combined capacity of 2.6GW. Investment totals US$2.37bn and commercial operations will begin in 2025, providing clean renewable energy as part of Saudi's National Renewable Energy Program.
Aug 21, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant
Israel, Saudi Forge Solar Alliance in Rare Pact
SolarEdge Technologies and Ajlan & Bros join forces to develop renewable energy in Riyadh for Saudi Arabia's Vision 2030 plan, a US-backed effort to diversify the economy from oil and attract investments. This groundbreaking collaboration may be the start of improved relations between Israel and Saudi Arabia.
Aug 1, 2023 // Technology, Saudi Arabia, Asia, SolarEdge, Israel
$2.2B Financed for Saudi's Largest Solar Project
Financing for Al-Shuaibah 1 & 2 solar projects secured by ACWA Power at SR8.3 billion. Investment to power 350,000 homes in Saudi Arabia to support Vision 2030 energy goals. Consortium of local, regional, international banks to provide SR6.1 billion in senior debt & SR4.4 billion US-dollar commercial facility. Project to begin commercial operations by Q4 2025.
Jul 17, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant, Solar Project
NEOM's Vision for Renewable Energy: Assystem to Survey 7 Saudi Solar Sites
Assystem has been appointed by NEOM to conduct pre-development studies for seven potential solar photovoltaic parks in Saudi Arabia, potentially producing 20GW of energy across 420 square kilometers. Assystem will provide site assessment, environmental impact, permitting reports and more for this renewable energy project.
Jun 28, 2023 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, PV Power Plant, Neom, ENOWA
Researchers create flexible monocrystalline silicon solar cells
A big group of technologists associated with numerous institutions in China, collaborating with two coworkers from Germany and also an additional two from Saudi Arabia, has located a way to create flexible monocrystalline silicon solar cells.
May 26, 2023 // Technology, Saudi Arabia, Germany, China, solar cells, Europe, Asia, silicon
Saudi Arabia approves contractors for small solar projects
Greater than 106 consulting companies and contractors have actually been approved in Saudi Arabia to develop distributed solar photovoltaic or pv (PV) systems for households as well as small companies after the regulatory framework for renewable resource systems for self-consumption was launched last November.
May 1, 2023 // Plants, Saudi Arabia, Asia, Solar Project
A 'Tandem' Solar Cell Simply Establish a New Performance Record
Making solar cells more efficient is an obvious win for green power. It indicates more electrical power from the very same number of panels as well as the exact same amount of sunlight-- and also scientists are working hard to tackle the challenge.
Apr 24, 2023 // Technology, Saudi Arabia, Asia, solar cell, efficiency, KAUST
Saudi university achieves 33.2% performance for perovskite/si tandem
Scientists at Saudi Arabia's King Abdullah University of Science and also Technology (KAUST) have actually established a perovskite/silicon tandem solar cell with the world's highest possible power conversion effectiveness (PCE) of 33.2%, according to an announcement on Monday.
Apr 17, 2023 // Technology, Manufacturing News, Saudi Arabia, King Abdullah University of Science and Technology, Asia, solar cell, efficiency, KAUST
Saudi Arabia introduces world's largest solar-power plant
On November 30th ACWA Power, a local energies firm, authorized an agreement with Water and Electricity Holding Company (Badeel) to build the globe's biggest single-site solar-power plant in Al Shuaibah, Mecca province.
Feb 17, 2023 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, ACWA Power, PV Power Plant
Saudi solar project reaches financial close
Lenders to Jinko's 300MW Saad PV scheme include Riyad Bank as well as Arab Petroleum Investment Corporation
Jan 24, 2023 // Markets & Finance News, Saudi Arabia, Asia, PV Power Plant, Tom Jamieson