ACWA Power, L&T Select Nextracker’s Trackers For Saudi Solar Park Updated On Wed, Feb 21st, 2024 by Saurenergy Solar tracker and software solutions company Nextracker announced it was selected by ACWA Power and Larsen & Toubro Limited (L&T) to provide its all-terrain tracker NX Horizon-XTR a 1.17 GW installation at Al Kahfah Solar Power Plant, a strategically important renewable energy project in Saudi Arabia’s Central Province that is part of the National Renewable […] Read more
Masdar To Expand in Saudi with 1.1 GW & Azerbaijan with 500 MW Projects Updated On Thu, Nov 9th, 2023 by Saurenergy Led by Abu Dhabi based renewable energy firm, Masdar, EDF Renewables, and Saudi conglomerate Nesma Company have joined hands with the Saudi Power Procurement Company (SPPC) for the development of a solar plant with capacity of 1100 MW. When it is operational, the Al Henakiyah solar power project will supply power to over 190,000 homes […] Read more
Consortiums Pre-Qualified for 400 MW Solar Plant in Morocco’s Atlas Mountains Updated On Tue, Jul 11th, 2023 by Saurenergy Morocco’s renewable energy agency, Masen, has announced the pre-qualification of six consortiums to construct a 400 MW solar plant in the Atlas mountains. Named Noor Midelt II, the project aims to strengthen the country’s renewable energy sector and reduce its dependence on fossil fuels. Leading the consortiums are renowned international companies, including Cobra Servicios, Communicaciones […] Read more
Dubai Opens 5th Phase of the Mohammed bin Rashid Al Maktoum Solar Park Updated On Tue, Jun 20th, 2023 by Saurenergy Dubai has inaugurated the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park with a planned capacity of 5GW by 2030, as part of its renewable energy push. The fifth phase of the solar park was completed ahead of the scheduled opening date of December 2023, despite […] Read more
Masdar Offers Lowest Bid of US 1.62154 cents/Kwh for World’s Largest Solar Park in Dubai Updated On Fri, Jun 9th, 2023 by Saurenergy The world’s largest single site solar park in Dubai, Mohammed bin Rashid Al Maktoum Solar Park has received two bids (ACWA Power and Masdar) for the phase VI of the1,800 MW tender launched in September 2022. Dubai Electricity and Water Authority (DEWA) revealed that Masdar submitted the lowest bid of USD 1.62154 cents per kilowatt […] Read more
Badeel, ACWA Power To Invest Over $3 billion For 4.5 GW Solar Projects In Saudi Arabia Updated On Mon, May 22nd, 2023 by Saurenergy Providing thrust to the new wave of solar power development in Saudi Arabia, the Water and Electricity Holding Company (Badeel) and ACWA Power have signed Power Purchase Agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development and operation of three major new solar IPP projects. Badeel is fully owned by the Public […] Read more
ACWA to Invest $120 Million in Uzbekistan Renewables Afresh Updated On Sun, May 21st, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has inked two key agreements at the EBRD 2023 Annual Meeting and Business Forum in Samarkand to advance Uzbekistan’s target to decarbonise 35% of its energy sector by 2030. In the first set of agreements with the chemicals company, Uzkimyosanoat of Uzbekistan, ACWA Power will decarbonise the […] Read more
ACWA Power Gets $123 Million Loan For 200MW Egyptian Solar Project Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s renewables developer ACWA Power has secured a financial package of $123 million to develop 200MW Kom Ombo utility-scale solar power plant in Egypt. Financing institutions for the solar project of ACWA Power include EBRD, OPEC Fund OPEC Fund, African Development Bank (AfDB), Sustainable Energy Fund for Africa (SEFA), GCF, APICORP and Arab Bank. […] Read more
ACWA Power Gets $174 Million Loan From ADB For Uzbekistan Wind Projects Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has received $174 million worth of loans from the Asian Development Bank (ADB) to develop the Bash wind power and Dzhankeldy wind power plants – both located in the Bukhara region in Uzbekistan. As per ABD, the ACWA Power financing comprises loans amounting to $40.5 million for […] Read more
