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ACWA Power (TADAWUL:2082) has actually signed deals to build two solar parks with a combined capacity of 1.4 GW as well as include battery storage space of 1.2 GW in Uzbekistan, the country's Energy Ministry claimed over the weekend break.

Saudi renewables designer ACWA Power on Wednesday introduced that it has actually authorized final contracts related to its 200-MW Kom Ombo solar photovoltaic (PV) project in Egypt.

Saudi Arabian energy developer ACWA Power has won a 250MW duo of World Bank-backed solar projects in eastern Ethiopia. The firm was one of five companies that submitted proposals for the projects, after the Ethiopian finance ministry’s public-private partnership directorate general launched a request for proposals in April. The projects are sponsored under the Scaling Solar programme, run by the International Finance Corporation (IFC) – the World Bank's private sector arm – to provide private funding for solar development in emerging markets.  Ethiopia’s finance ministry claims the US$0.02526-per-kWh tariff offered by the firm for the two sites is “the lowest in Africa and one of the lowest globally” The Gad and Dicheto projects are planned for the eastern regional states of Somali and Afar, and are part of a six-project portfolio that make up round two of Ethiopia’s Scaling Solar programme. The projects have 750MW of combined capacity and a price tag of US$798 million. Round one of the programme was launched in 2017 and involved two solar projects totalling 250MW. Scaling Solar programmes are also active in Senegal, Zambia and Madagascar. ACWA Power is a developer, investor and operator of power generation and desalinated water production plants in Africa, the Middle East and south-east Asia. Ethiopia wants to install 300MW of solar by 2020, up from the total PV capacity of 11MW recorded by IRENA statistics.

GE Vernova & Alfanar form JV to develop 334MW of wind & solar projects in Spain; targeting ready-to-build status by 2025 & COD by 2027. Plans to explore battery & energy storage solutions.

days due to the attacks suffered during this weekend at two oil facilities in Saudi Arabia, which have caused the reduction of production in this country by more than

oxide exhausts alone are up 50% from mid-February. The oil cost is dropping as Saudi Arabia remains to pump the nonrenewable fuel source in spite of a collapse in

Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.

Masdar initial tender last summer by protecting 200 MW of solar, along with Saudi Arabia's ACWA Power, which won 250 MW of wind power capacity. The EBRD estimates

that can be used in PV cells, they are either too costly or inefficient. The Saudi Arabian research team has invented inexpensive but efficient flexible cells made from

Saudi Arabian energy group ACWA Power has ended building a 50 MW PV electricity plant in Risha, Jordan. The business stated in a media release the solar park began commercial operations at the start of the month, after the completion of required commissioning and startup evaluations. Reaching COD over the specified time period indicates their dedication to reliably providing clean energy at reasonable tariffs for Jordan and adds to their broad portfolio of renewable energy projects throughout the area, said Thamer Al Sharhan, ACWA Power's managing director. The project was tendered by National Electric Power Co. (NEPCO), Jordan's state-owned power utility, in 2017. ACWA Power won the tender with a bid of JOD 0.42 ($0.59)/kWh over a period of 20 years. The plant can be found at Risha, in Mafraq Governorate, approximately 300 km northeast of Amman, the national capital. More specifically, the facility is located in a military zone 4 kilometers from the Iraqi border, adjoining to the present 150 MW Risha gas turbine power plant, that is owned and run by CEGCO, a unit of ACWA Power. The $69 million project was funded by the European Bank for Reconstruction and Development (EBRD), Germany's Deutsche Investitions- Und Entwicklungsgesellschaft Mbh (DEG), a subsidiary of KfW Group, along with Arab Bank. EBRD donated $27.6 million. ACWA Power is also constructing another 60.9 MW PV array in Mafraq, ET Solutions AG, the German unit of Chinese PV module supplier ET Solar, is now building the project in partnership with China's Northwest Power Design Institute (NWPDI), a unit of China Power Engineering Consulting Group. The plant will sell power to NEPCO under a 20-year PPA at a price of JOD 0.043/kWh.

A Qatar utility has secured what it claims is a world record-breaking tariff of QAR0.0571/kWh (US$0.01569/kWh) under a tender for the country’s utility-scale debut, beating last year's low price milestones in Portugal and Dubai.

The offer was apparently submitted by Saudi energy giant ACWA Power, which refused to confirm the bid when asked by pv magazine. The second lowest bid – $0.0175/kWh – was reportedly submitted by a consortium formed by Emirati developer Masdar, French utility EDF and Chinese PV panel maker JinkoSolar.

EUR10 million. The fundraise comes little bit greater than two years after Saudi Arabian corporation Zahid Group took a 50% risk in Greencells, a purchase Hoffmann

Masdar has been selected as the preferred bidder for the 6th phase of the Mohammed bin Rashid Al Maktoum solar complex in Dubai. The project, with an LCOE of EUR 0.015/kWh, will cost up to AED 5.51bn and will be commissioned in stages from 2024. The solar park is planned to reach 5 GW by the end of the decade.

Sterling & Wilson Renewable Energy Ltd just won a INR 15.35 billion contract to install a 300MW solar project in Gujarat. It's the 3rd contract from NTPC REL in just over a year, with orders totaling INR 89.5 billion so far. Signing of the contract expected soon.