Spain-based solar tracking solutions firm PV Hardware (PVH) announced last week it has opened its first Middle Eastern production facility in Saudi Arabia. Named PV Hardware Middle East, the new branch will focus on the manufacture of photovoltaic (PV) structures, solar tracking systems and robotic cleaning devices made in the Kingdom. It has recently secured […]
Saudi Arabia’s Zahid Group Integrates Solar Solution Into New Facility
The renewable energy component was integrated in the initial design of Zahid Business Park. This innovative approach will help the group to significantly reduce its carbon footprint through clean power production In line with its commitment to reducing its carbon footprint, Zahid Group in Saudi Arabia has signed an agreement with Safeer for the installation […]
France’s EDF Helping Saudi Arabia Achieve Renewable Energy Targets
Despite pandemic delays, Kingdom’s largest wind farm set to begin operations this year. DUBAI: Like many executives around the world, Bruno Bensasson hasn’t been on a plane much in the last year. However, one of the few flights he did take recently was to Riyadh to check up on the progress of two massive renewable […]
Iraq Wants Aid, but Saudi Arabia and the UAE See Investment Opportunity
To help weather the coming energy transition, Gulf countries are plowing money in renewable development abroad. In March and April, Iraqi Prime Minister Mustafa al-Kadhimi visited Saudi Arabia and the United Arab Emirates in search of financial aid. What he got instead was a commitment of investment: $3 billion from each government. And both capitals […]
Marking the beginning of a green era
To combat climate change, Saudi Arabia has launched the Saudi Green Initiative and Middle East Green Initiative. One of the lessons learned from the ongoing COVID-19 pandemic is the need for collective action among members of the international community to effectively address global challenges such as pandemics and climate change. The pandemic has created an […]
Saudi Arabia solar target raised after seven projects added including record low cost
HIGHLIGHTS Record low electricity cost of 1.04 cents/kWh Sakaka is Saudi Arabia’s first renewables project Other project costs at 3.40-4.90 cents/kWh Dubai : Saudi Arabia is closer to developing 3.3 GW of solar capacity up from only 300 MW currently operational as plans were announced earlier this month for seven projects, according to a new […]
Saudi Arabia sees over $200 billion in savings from energy reforms plan: FinMin
Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments. The world’s top oil exporter has embarked on an ambitious reforms programme in recent years to […]
Addressing hydrogen supply chain scarcity
Safely distributing hydrogen will require trillions of dollars of investment to expand the world’s hydrogen infrastructure. The hydrogen supply chain is far from being global yet. While the most practical and effective way to transport hydrogen is in its gaseous form via pipeline networks, the latter are relatively scarce, localised in and around large industrial […]
Pinsent Masons advises on the project financing of the Rabigh Solar PV IPP Project in the Kingdom of Saudi Arabia
Multinational law firm Pinsent Masons has advised the financiers (Japan Bank for International Cooperation, Mizuho Bank and Al Rajhi Banking and Investment Corporation) on the project financing provided to a consortium led by Marubeni Corporation in joint venture with Al Jomaih Energy & Water Company Limited of the 300MW solar power plant to be built […]
PPAs signed for seven solar power projects in Saudi Arabia
Latest deals under kingdom’s renewable energy programme will have total capacity of 2.97GW. Saudi Arabia has announced the signing of power purchase agreements (PPAs) for seven solar photovoltaic projects with a total capacity of 2,970MW in the latest batch of projects under its National Renewable Energy Programme (NREP). The projects are located in Al Madinah, […]