ACWA Power Signs Agreements for 1st Foreign Investment Wind Project in Azerbaijan Updated On Thu, Dec 31st, 2020 by Saurenergy ACWA Power has executed the official agreements for the 240 MW wind power project that will be located in the Absheron and Khizi regions of Azerbaijan. Following the signing of the implementation agreement for the USD 300 million Independent Power Project in January 2020, ACWA Power has now executed the official agreements for the 240 […] Read more
Dubai’s 5GW Solar Park On Track With 3rd Phase Opening Updated On Wed, Nov 25th, 2020 by Saurenergy The Dubai Water and Electricity Authority (DEWA) has formally announced the official opening of the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park (MBRAM). Named after the UAE’s Prime Minister and Vice President, Sheik Mohammed bin Rashid Al Maktoum himself came to do the honours. With the latest opening, the park’s […] Read more
ACWA Power Announces Financial Close for 900 MW PhV of MBR Solar Park Updated On Sat, Sep 5th, 2020 by Saurenergy ACWA Power has completed the signing of all financing agreements of the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai. ACWA Power, a leading Saudi Arabian developer, investor and operator of power generation plants, has announced that it has completed the signing of all financing agreements of the […] Read more
Sungrow Signs 900 MW Agreement for 1500V Inverter Solution to Dubai Updated On Thu, Sep 3rd, 2020 by Saurenergy Sungrow has partnered with Shanghai Electric to supply its latest 1500V turnkey inverter solution to the 900 MW 5th phase of the MbRAM Solar Park in Dubai. Sungrow, a leading global inverter solution supplier for renewables, has announced that it has partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the […] Read more
$5 Bn Green Hydrogen Project to Come up in Saudi Arabia Updated On Thu, Jul 9th, 2020 by Saurenergy Air Products, ACWA Power and NEOM, have agreed on a USD 5 billion green hydrogen-based ammonia production facility in NOEM, Saudi Arabia. Air Products, in conjunction with ACWA Power and NEOM, has announced the signing of an agreement for a USD 5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be […] Read more
ACWA Power Seals 900 MW Vth Phase of MbRAM Solar Park at $1.6953/kWh Updated On Fri, May 1st, 2020 by Saurenergy ACWA Power has formally won the Vth Phase of the MbRAM Solar Park from DEWA, after submitting a winning bid tariff of USD 1.6953/kWh Following its successful Bid Submission on the 9th of October 2019, Dubai Electricity and Water Authority (DEWA) awarded the 900 MW photovoltaic fifth phase of the Mohammed bin Rashid Al Maktoum […] Read more
AIIB Grants $60 Mn Loan for 500 MW Solar Project in Oman Updated On Fri, Mar 27th, 2020 by Saurenergy AIIB has approved a USD 60 million loan to increase the renewable power generation capacity in Oman by financing a 500 MW solar PV project in the country The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD 60 million loan to increase the renewable power generation capacity in Oman to help […] Read more
The Solar Rush in the Middle East Picks Pace Updated On Thu, Jan 16th, 2020 by Saurenergy Back in 2013, when the Mohammed bin Rashid Al Maktoum Solar Park, was launched near Dubai with 13 megawatts of capacity, like in most projects in the region, the ambitions were grand. In 15 years, it was expected to expand to 3,000 MW, with a target to supply the Dubai Electricity and Water Authority (DEWA) […] Read more
ACWA Power to Build 240 MW Wind Project in Azerbaijan Updated On Fri, Jan 10th, 2020 by Saurenergy ACWA Power has signed an implementation agreement with the Ministry of Energy of Azerbaijan for building and operating a 240 MW wind power project in the country. ACWA Power has announced that it has signed an implementation agreement with the Ministry of Energy of Azerbaijan for developing, building and operating a 240 MW wind power […] Read more
