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Could Covid-19 be the stimulant for modification where the COP procedure has delayed?
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
Mar 26, 2020 // Markets & Finance News, Opinions, USA, UK, China, Europe, Asia, North America, covid-19, Felicia Jackson
Azerbaijan intends floating PV plant
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
Jul 17, 2020 // Plants, Large-Scale, Commercial, Floating PV, floating PV, Europe, Azerbaijan
Qatar’s 800 MW tender draws world record solar power price of $0.01567/kWh
Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.
Jan 23, 2020 // Markets & Finance News, tender, Asia, Qatar
New technology for flexible and efficient PV panels
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
Dec 30, 2019 // Technology, Saudi Arabia, PV panels, Asia, PV cells, flexible e-devices
Masdar Wins Dubai Solar Project: 1.8-GW Phase
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.
Aug 14, 2023 // Plants, Masdar, Dubai
SWRE Powers 300 MW NTPC Project
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.
Oct 2, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Asia, Sterling & Wilson Renewable Energy
Greencells issues EUR25m environment-friendly bond to go after 1.8 GWp EPC pipe
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
Nov 13, 2020 // Markets & Finance News, Germany, Europe, green bond, greencells, Andreas Hoffmann
Qatar utility hails ultra-low tariff in tender for 800MW bifacial PV park
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.
Jan 27, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, tender, auctions, Asia, Qatar, Total, Kahramaa, gulf, world record, marubeni corporation
Dubai’s 900 MW solar tender sees lowest bid of $0.0169/kWh
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.
Oct 10, 2019 // Manufacturing News, Markets & Finance News, Storage, Solar to Fuel, Dewa, Masdar, tender, JinkoSolar, Dubai, Solar to Fuel, Solar to Hydrogen, Producing Hydrogen, Hydrogen from renewable, Renewable fuels
ACWA Power switches on 50 MW solar farm in Jordan
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.
Dec 12, 2019 // Plants, Large-Scale, Commercial, Jordan, Asia, ACWA Power, NEPCO
Gravity based Energy Storage Startup Energy Vault Reveals $100 Million Financing
Gravity storage space uses a high possible method to save energy, and also the backing for Energy Vault Suggests investors buy in. Gravitricity is an additional company that remains in the very same area
Aug 26, 2021 // Markets & Finance News, Storage, EnergyVault, Gravity Storage, prime movers lab, robert piconi, Series C fund raise, Zia haque
ACWA Power to build 110MW floating PV project
to construct two floating solar farms completing 110MW in Indonesia. The Saudi Arabian programmer as well as operator of power generation plants was selected by PT
Nov 1, 2022 // Plants, Large-Scale, Commercial, Floating PV, Asia, Indonesia, ACWA Power, PV Power Plant, Clive Turton
TotalEnergies, Iraq to Move Ahead on $10 Billion Energy Plan
French firm to companion with Basrah Oil Company, QatarEnergy Project aims to boost Iraqi oil, gas and power manufacturing
Apr 5, 2023 // Markets & Finance News, Asia, Iraq, TotalEnergies
ACWA Power Signs PPA for 60 MW Floating Solar
ACWA Power makes waves in Indonesia with 60 MW floating solar project, signaling growth potential and commitment to renewable energy in Southeast Asia.
Aug 15, 2024 // Plants, Large-Scale, Commercial, Floating PV, ACWA Power, PV Power Plant
'New generation' of much more reliable perovskite solar cells feasible because of halogen bonding
The chemical process of halogen bonding has "considerable potential for the advancement of a new generation of solar cells based upon perovskites", according to scientists at the Polytechnic University of Milan.
Mar 28, 2022 // Technology, perovskite, perovskite cells, cell efficiency, halogen bonding