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ACWA Power has actually IPO accepted by Saudi market authority
business version. "We are now well-positioned to catch substantial chances in Saudi Arabia along with in appealing markets globally, including utility-scale green
Sep 3, 2021 // Markets & Finance News, Saudi Arabia, IPO, Asia, ACWA Power
PIF partners with Chinese firms for massive renewable energy manufacturing
Saudi Arabia's Public Investment Fund (PIF) has signed joint venture agreements with Chinese companies to localize the manufacturing of solar and wind power equipment in the country. The partnerships aim to establish manufacturing capacities of 4 GW for wind turbines, 10 GW for solar cells and modules, and 20 GW for solar ingots and wafers annually. These agreements are part of PIF's efforts to advance renewable energy production in Saudi Arabia and meet local content commitments, with a focus on increasing the share of local production in renewable projects by 2030.The joint ventures involve PIF's Renewable Energy Localization Company (RELC) and Vision Industries, with Chinese companies Envision Energy and TCL Zhonghuan Renewable Energy Technology Co Ltd as key partners. These initiatives are expected to bring advanced technologies to the renewable energy sector in Saudi Arabia, positioning the country as an exporting hub for renewable products and services.
What are the goals of Saudi Arabia's joint ventures with Chinese companies in renewable energy?
Localize manufacturing of solar and wind power equipment in Saudi Arabia
Establish manufacturing capacities of 4 GW for wind turbines, 10 GW for solar cells and modules, and 20 GW for solar ingots and wafers annually
Advance renewable energy production in Saudi Arabia
Meet local content commitments and increase the share of local production in renewable projects by 2030
Bring advanced technologies to the renewable energy sector in Saudi Arabia
Position Saudi Arabia as an exporting hub for renewable products and services
Jul 17, 2024 // Plants, China, Asia, PIF
L&T Picks LONGi for Saudi Projects With 1292 MW Module Order
on further projects throughout India and also the Middle East."
The win for Saudi Arabia comes also as LONGi sales in India have been badly interfered with by the 40%
Dec 1, 2022 // Markets & Finance News, LONGi, L&T, Dennis She, A Ravindran, agreement 1292 MW deal, EPC Contract, Saudi Arabia solar
NADEC's 30-MW solar farm in Saudi Arabia starts procedure
Works on a 30-MW solar farm in the region of Haradh in eastern Saudi Arabia have actually been settled after numerous hold-ups, and also the plant will certainly begin delivering power to the National Agricultural Development Co (TADAWUL:6010), or NADEC, under a power acquisition contract (PPA).
Nov 1, 2021 // Plants, Large-Scale, Commercial, Saudi Arabia, NADEC, Asia, PV Power Plant, solar farm
The weekend read: Unsteady progress of a potential MENA solar superpower
Saudi Arabia’s renewable energy sector over the years can be best described as a roller coaster. Just when momentum seemed to be building, the ride came to a halt. Then it began to move, but never really gave potential investors the confidence needed for serious acceleration. Progress started to take shape in 2016 and has continued, showing that this time is different.
Yet, to understand how the country got to where it is today, it’s important to know where Saudi Arabia has been, and that stems all the way back to 1977.
Memory lane
Much like the creation of the national oil company Saudi Aramco — formed between the United States and Saudi Arabia — solar power has been explored as part of a bilateral partnership between the two countries. Saudi Arabia’s National Center for Science and Technology (now known as the King Abdulaziz City for Science and Technology or KACST) and the United States Department of Energy (DOE) struck a deal four decades ago for the Saudi Solar Village Project. The five-year agreement included $50 million from both countries and was extended for three more years. What resulted was a 350 kW solar PV system located 50 kilometers from Riyadh, as well as an additional 350 kW solar hydrogen demonstration plant.
The system operated well for its time, but the technology was nowhere near where it is today, which resulted in panel degradation of 20%. Operating temperatures were much higher than originally specified, and the heat sink insufficient for cooling.
From there continued a list of projects, including solar-powered water desalination, solar hydrogen utilization, solar water heating, and other PV research projects.
In 1990, the Persian Gulf War erupted and once again, Saudi Arabia saw solar power come via the United States. Solar panels were used to power GPS satellites, but just like the problem seen in the solar village, modules again quickly deteriorated in the harsh desert conditions.
There is little doubt that these observations helped shape the kingdom’s solar PV sector — and industry in general — but it would still take many years before substantial movement could be seen.
Broken promises
In April 2010, the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) was established to be the “driving force for making atomic and renewable energy an integral part of a national sustainable energy mix.”
K.A.CARE’s target was to have 41 GW of renewable energy by 2032, with 16 GW of solar PV. In 2011, a contract was signed to establish a polysilicon plant in Jubail, which would begin the production of solar cell materials. Polysilicon Technology, alongside Hyundai Engineering and KCC Engineering and Construction, announced that it would build a $380 million plant to produce 3,350 metric tons of solar-grade polysilicon, with future expansion plans. This was one of many announcements that failed to materialize, as developer Polysilicon Technology later went bankrupt, according to local sources.
K.A.CARE went a step further in February 2013, when it published a white paper that announced a new renewable energy target of 54 GW by 2032 (41 GW was to be solar). And in the first five years, it planned for 5.1 GW to be installed, with 23.9 GW by 2020. The white paper has since been removed from the organization’s website, and K.A.CARE’s renewable energy ambitions disappeared along with it, as it began to focus more on nuclear power.
The new crown prince
Volatility in oil prices began in 2014, and it forced the country to broadly rethink its economic policies.
As Saudi Arabia grappled with the new normal of low oil prices, then deputy crown prince, Mohammed bin Salman, released a new economic vision for the country. The National Transformation Plan, part of the wider Vision 2030 agenda, was launched in 2016. It included a target to have 9.5 GW of solar and wind power feeding electricity into the national grid by 2023. It was understandable that the plan was met with leeriness, considering previous attempts to jump-start a renewable energy market in the country, but this time was different. This was the first time that Saudi Arabia had a government mandate to incorporate renewable energy into its overall energy mix.
In 2017, the Renewable Energy Project Development Office (REPDO) was created, featuring members from K.A.CARE, Saudi Aramco, Saudi Electricity Company, and the Electricity and Cogeneration Regulatory Authority. The new unit fell under the energy ministry’s oversight, and immediately began accepting applications from companies that were looking to participate in the development of 700 MW of solar and wind capacity projects.
Local company ACWA Power came in with the winning bid for the first utility-scale solar PV plant, Sakaka, at $0.0234/kWh. “PV is a no-brainer in our part of the world [to supply] a significant source of load,” said ACWA chief executive officer Paddy Padmanathan.
Yet what was also significant was how REPDO announced the winning bids, which was done via live stream. This showed a level of transparency that isn’t seen anywhere else in the region’s renewable energy sector.
In November 2018, Saudi Arabia’s first utility-scale solar PV project began construction, with more than 1.18 million modules and 1,200 new jobs. The Sakaka solar power plant began a new era in the kingdom, heralding a “more to come” drive with at least seven projects to be tendered in this year alone. And people started to believe it. In fact, Padmanathan said that throughout the region, more companies are jumping into the market — and they’re looking at Saudi Arabia. He estimates that over the past five years, there has been growth of 20% of new market players trying to get into the Middle East’s solar sector.
“Within the next five years, there will be a real race to deploy as much PV as possible throughout the region,” Padmanathan added.
And Saudi Arabia is a market mover for any sector, given its size and population of almost 33 million. So much so that many companies separate Saudi Arabia from their regional reports so that its size doesn’t skew results. The potential for the kingdom’s solar industry, coupled with its goal of creating a manufacturing hub, is enough to once again entice investors.
“We’ve been pushing anyone we’ve worked with for many years saying, ‘If you want to work with us and want to capture meaningful volumes — industrialize inside the kingdom,’” said Padmanathan.
Earlier this year, a Saudi consortium made up of the National Industrial Clusters Development Program and petrochemical giant SABIC, signed a memorandum of understanding with Longi Group and OCI for the development of a fully integrated solar manufacturing facility in the country. And such decisions may create momentum for others to move, particularly considering a potentially more favorable policy framework.
Gus Schellekens, a partner at the clean energy division of the consultancy EY, said that Saudi Arabia today is very different than pre-Vision 2030.
“New businesses are being set up that are very different to the old world that delivered success for the past 40 years,” Schellekens explained. Yet Saudi Arabia is still finding its footing. The head of REPDO, Turki Al Shehri, recently left the organization to join France’s Engie as the chief executive of Saudi Arabia. There has so far been no announcement about a replacement and sources have said that the energy ministry is instead looking to create a more centralized system.
It’s never an easy road when introducing a new model or system on a large scale, especially if people continue to focus on previous mistakes. “In the long run, there remains huge potential for Saudi Arabia, but it’s important to acknowledge practical challenges, and build on a robust plan that is integrated with other initiatives,” Schellekens concluded.
Author
LeAnne Graves
List of solar energy projects executed by KACST
Projects
Location
Years
Applications
350 kW PV system
Solar Village
1981-87
DC/AC electricity for remote village
350 kW PV hydrogen production plant
Solar Village
1987-93
Demonstration plant for hydrogen production
Solar cooling
Saudi Universities
1981-87
Development of solar cooling laboratory
1 kW solar hydrogen generator
Solar Village
1983-93
Hydrogen production, testing, measurement laboratory scale
2 kW solar hydrogen (50 kWh)
KAU, Jeddah
1986-91
Testing electrode materials for solar hydrogen plant
3 kW PV test system
Solar Village
1987-90
Demonstration of climactic effects
4 kW PV system
South of Saudi Arabia
1996
DC/AC grid connected
6 kW PV system
Solar Village
1996-97
Grid connection
Water desalination with PV (0.6m3/hour)
Sadous Village
1994-96
PV/RO interface
PV in agriculture (4 kWp)
Muzahmia
1996
DC/AC grid connected
Long-term performance of PV (3 kW)
Solar Village
Since 1990
Performance evaluation
Fuel cell development (100 – 1000 W)
Solar Village
1993-95
Hydrogen utilization
Internal combustion engine (ICE)
Solar Village
1993-95
Hydrogen utilization
Solar radiation measurement
12 stations
1994-95
Saudi Solar Atlas
Wind energy measurement
5 stations
1994-95
Saudi Solar Atlas
Geothermal power assessment
Various locations
1995-96
Establishment of accurate resource data
Solar dryers
Al-Hassa, Latif
1988-93
Food dryers (dates / vegetables etc.)
Solar thermal dishes (2×50 kW)
Solar Village
1986-94
Advanced solar Sterling Engine
Energy managment in buildings
Dammam
1988-93
Energy efficiency
Solar collector development
Solar Village
1993-97
Domestic, industrial, agricultural
Aug 17, 2019 // Solar, Saudi Arabia, solar pv, Asia, K.A.CARE, REPDO
ACWA Power Secures $2.6 Billion for Solar Projects
banks for the construction of three large-scale solar power plants in Saudi Arabia, totaling 5.5 GW in capacity. The projects include the 2-GW Haden, 2-GW
Sep 2, 2024 // Plants, Large-Scale, Commercial, ACWA Power, Solar Project
Acwa Power to Enter China in 2021: CEO
and renewable energy from solar and wind energy. Acwa is a key part of Saudi Arabia’s plans to neutralize its carbon emissions by 2060, but the company also
Sep 5, 2023 // Markets & Finance News, Saudi Arabia, China, Asia, ACWA Power
MA'ADEN, GlassPoint sign pact to create world's biggest solarized steam plant
Saudi Arabian Mining Company or MA'ADEN which is the country's nationwide mining champ has signed a MoU with the US based GlassPoint to establish the world's biggest solar procedure heat plant at MA'ADEN Alumina refinery. GlassPoint claims to be a leader in industrial solar steam.
The official declaration of the companies holds that when full, the 1,500 MW solar steam facility will certainly assist MA'ADEN accomplish sustainability objectives by minimizing carbon emissions by over 600,000 tons annually. This represents more than 50% reduction of carbon impact in MA'ADEN Alumina refinery and also 4% of total carbon impact of MA'ADEN.
The pact was checked in Riyadh by Riyadh Al Nassar, senior vice president of MA'ADEN aluminum company and also Rod MacGregor, chief executive officer and also creator of GlassPoint.
MA'ADEN CEO Robert Wilts claimed, "As the 3rd column of the Saudi economic climate, we aspire to be a good example in ESG in the Kingdom. This considerable development will dramatically lower our carbon impact as well as bring us closer to our mandate of carbon neutrality by 2050. As the world moves in the direction of green aluminum, MA'ADEN intends to help blaze a trail in this shift."
Riyadh Al Nassar stated, "The recommended new facility, a solar thermal plant known as MA'ADEN Solar 1, will be found in Ras al Khair, Kingdom of Saudi Arabia, as well as will certainly harness the power of the sun to create steam. The steam will be utilized to refine bauxite ore into alumina. Alumina is an important feedstock to Aluminum, which is just one of the world's most crucial steels for several worldwide markets entering into a future that is concentrated on atmosphere and sustainability."
Rod MacGregor, chief executive officer as well as creator of GlassPoint, discussed, "This facility when built will be the largest industrial solar steam plant on the planet and the first released in both Saudi Arabia as well as in the aluminum supply chain. With this MOU, GlassPoint is going into a brand-new stage of growth to help decarbonize a series of industries seeking to lower their carbon impact."
The pact of MA'ADEN as well as GlassPoint remains in line with the Saudi Green Initiative (SGI) that advancements the battle of the country versus climate adjustment and help Saudi Arabia to end up being an international leader in sustainability. In 2021, the SGI unveiled a first wave of more than 60 initiatives, amounting to a $186 billion investment to accelerate the green economic climate in Saudi Arabia as well as past.
Jun 6, 2022 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, MoU, carbon emissions, GlassPoint, industrial solar steam, MA'ADEN, Riyadh Al Nassar, Robert Wilts, Rod MacGregor, Saudi Green Initiative, SGI
Solar Tracker Maker PVH readied to Open up First Solar Facility in the Middle East
Our commitment to local production development in the different regions of Saudi Arabia has actually triggered us to open our very first production center in the
May 19, 2021 // Manufacturing News, Saudi Arabia, Asia, PVH, middle east, PV Hardware, Youssef El-Sayed
Huawei Powers Saudi Arabia's Red Sea Project with Solar Microgrid
construction of the world's largest photovoltaic-energy storage microgrid in Saudi Arabia's Red Sea Project. The project, spearheaded by Red Sea Global, aims to create
Aug 19, 2024 // Technology, Huawei, FusionSolar Smart String Energy Storage Solution
4000 MW Renewable Energy Project for NEOM to find Up Near Jordan Border
renewable energy projects that are being prepared by Saudi Arabia to supply electrical energy to the green hydrogen based ammonia plant in the city of NEOM show up to
Apr 20, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Renewable Energy, Solar Power, wind power, RE, Energy China, Larsen and Toubro India, NEOM City, Power China Huadong, Sepco 3
GameChange, JZNEE to Build 3-GW Solar Tracker Factory
has partnered with China's JZNEE to establish a 3-GW solar tracker factory in Saudi Arabia, with the potential to expand to 5 GW. The facility, located in Dammam, will
Apr 26, 2024 // Manufacturing News, Saudi Arabia, Asia, Solar Tracker, GameChange, JZNEE
KAUST, LONGi Advance Solar Energy
address the pressing challenges of climate change in line with the Kingdom of Saudi Arabia’s Vision 2030 and Saudi Green Initiative.
What Benefits Does
Aug 18, 2023 // Technology, LONGi, KAUST
ACWA Power to develop 2060MW solar project
the guidance of our visionary management and also the Ministry of Energy, Saudi Arabia remains to accelerate its ambitious prepare for expanding its energy mix to
Nov 30, 2022 // Plants, Large-Scale, Commercial, ACWA Power, Solar Project
Engie Partners with Al Jouf for 22-MW Solar Project
to establish a 22-MW solar power installation at the latter's cement plant in Saudi Arabia's Northern Borders Province. This photovoltaic (PV) system will supply on-site
Nov 20, 2024 // Plants, Large-Scale, Commercial, Engie, Solar Project