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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

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.

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.

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

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

French firm to companion with Basrah Oil Company, QatarEnergy Project aims to boost Iraqi oil, gas and power manufacturing

at Saudi Arabia's King Abdullah University of Science as well as Technology (KAUST) insurance claim to have actually enhanced the efficiency of solar batteries

The proposal is by about $0.002 less than the globe document deal of $0.0156/ kWh that a consortium developed by French oil titan Japanese and also complete empire Marubeni Corp provided in Qatar's 800 MW tender wrapped up in late January. The prospective buyer is apparently a consortium developed by French power gigantic EDF and also Chinese module maker JinkoSolar.

to rise in the South Asian nation, with both French energy giant Total and Saudi Arabia's Aramco buying stakes in Indian

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.

Strategies to provide an ask for propositions associated with the contracts to create twin 500-600 MW solar plants in the sultanate by the end of this month appear to have slid yet the head of awarding utility the Oman Power and also Water Procurement Company has actually apparently specified the process remains in train.

ACWA Power makes waves in Indonesia with 60 MW floating solar project, signaling growth potential and commitment to renewable energy in Southeast Asia.

(DEWA) has actually authorized a 25-year power acquisition contract with Saudi Arabia's ACWA Power for the 5th stage of the enormous Mohammed container Rashid Al

The Dubai Electricity & Water Authority (DEWA) has allegedly attracted the second lowest global solar bid for a 900MW tranche of the 5GW Mohammed Rashid Al-Maktoum (MBR) solar park in Dubai.

In racing to provide access to electricity to all its citizens, the government has commissioned extensive coal, gas and nuclear generation capacity and the solar sector fears an ever-expanding national grid will kill the business case for solar in previously off-grid areas.