Search

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 Arabia's Tadawul-listed National Agricultural Development Company (NADEC) has actually taped progression on the construction of its 30MW solar plant project in Haradh, which has actually currently tape-recorded 50% completion. On 28 July 2019, NADEC participated in a Solar Power Purchase Agreement (PPA) with French energy titan Engie for a term of 25 years, to build a solar plant at the NADEC City in Haradh. As part of the PPA, NADEC will certainly purchase power from Engie at a set price of 9.4 Halalahs per kWh. NADEC had actually stated during that time that it will certainly not seek any financing for the project as it will certainly not sustain any type of funding or operational expense. The execution of the project is anticipated to reduce NADEC's gas usage within limits 124,000 barrels annually, which will additionally decrease carbon emissions by 53,000 tonnes per year. In a declaration NADEC claimed that the appointing and industrial operation of the project is anticipated to start on 31 March 2021. It added that the COVID-19 pandemic, which lead to a force majeure scenario as well as the effect of international supply chains created delay in the application of some projects. According to the business the monetary influence of the project will be revealed upon completion of building job as well as beginning of commercial operations

from the state's preparation commission on Friday. Its developer is part of Saudi Arabia's Abdul Latif Jameel Energy. The positive choice was taken adhering to a

~ 1.3 GWh of battery energy storage space systems. FRV, which was gotten by Saudi Arabian corporation Abdul Latif Jameel in 2015, claimed the offer will accelerate its

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.

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.

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

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.

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.