It has been 13 years since the World Bank concluded that Africa had “huge technical potential for clean energy projects.” More than a decade after, how much has Africa lived up to this potential? The African Development Bank Group found that some 640 million people do not have access to energy in Africa, with more […]
Iraq In Talks With Masdar, ACWA Power to Deliver Clean Energy
Iraq is in talks with Masdar to implement solar energy projects targeting an electricity capacity of up to 2 gigawatts, Oil Minister Ihsan Abdul Jabbar told Asharq Business. Projects to generate electricity from solar energy in Karbala and Alexandria with a capacity of 525 megawatts were approved with a Norwegian company, according to Abdul Jabbar. […]
ACWA Power Signs MoU with Neutral Fuels to Supply Saudi Arabia’s Red Sea Project
Riyadh : ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants, has signed a Memorandum of Understanding (MoU) with Neutral Fuels, the GCC’s largest biofuel producer, for future collaboration on the supply of its Net Zero Biofuel™ for Saudi Arabia’s most ambitious regenerative tourism project on the Red […]
PROJECTS: Financial Close For 1.5-Gigawatt Saudi Solar Project a Week Away
Sudair PV IPP forms part of Saudi Public Investment Fund’s renewable energy programme. Saudi Arabia’s largest solar photovoltaic (PV) project, the 1.5-gigawatt Sudair PV Independent Power Project (IPP), will reach financial close in a week, a senior official from the developer consortium said. The financial close for the 3.5 billion Saudi Riyal ($930 million) solar […]
EGYPT: Sungrow to Install Inverters for the Kom Ombo Solar Power Plant (200 MWp)
Chinese company Sungrow Power Supply has been chosen by Saudi Arabian independent power producer (IPP) Acwa Power to supply the inverters for the Kom Ombo solar photovoltaic plant. The facility, which is being built by India’s Sterling and Wilson, will have a capacity of 200 MWp, making it one of the largest solar power plants […]
KSA’s Solar Energy Investment Pivotal to Achieving Climate Action and Economic Objectives of Vision 2030
The opening of the Sakaka solar power plant coupled with the announcement of seven new solar power projects as part of the new Saudi Arabia Green initiative makes a powerful statement that one of the world’s leading oil producers is absolutely committed to being a leader in the global fight against climate change. By Nava […]
100 MW Redstone Concentrated Solar Power with 12 Hours Daily Thermal Energy Storage Closes Financing
ACWA Power has led South Africa’s largest renewable energy project Redstone CSP to financial close The ZAR 11.6 billion Redstone concentrated solar power plant will power 200,000 households upon completion. Redstone CSP Closes Financing May 2021 – ACWA Power. Commercial operation scheduled to start in Q4 2023 ACWA Power, a leading Saudi developer, investor and […]
ACWA Power leads South Africa’s largest Renewable Energy Project Redstone CSP to Financial Close
The ZAR 11.6 billion Redstone concentrated solar power (CSP) plant to power 200,000 households upon completion Commercial operation scheduled to start in Q4 2023 Johannesburg, South Africa : ACWA Power, a leading Saudi developer, investor and operator of power generation and water desalination plants in 13 countries and the lead shareholder in the Redstone concentrated […]
ACWA Power secures $114m to fund 200MW Egyptian solar project
Saudi Arabia-based energy company ACWA Power has signed a deal with multiple international investors for the provision of funds to implement what is claimed to be the largest private-sector solar energy project in Egypt. As a result of the signed financing package, ACWA Power will receive $114 million from the European Bank for Reconstruction and […]
DNV supports Saudi Arabia’s Sudair Solar PV project
DNV, the independent energy expert and assurance provider, has acted as technical consultant to Saudi Power Procurement Company (SPPC) during the development of the 1.5 GW Sudair Solar PV project. DNV supported SPPC for over two years with a scope of work which included preparation of project protocol documents, setting the technical conditions of the […]