Saudi Arabia

APICORP Signs $75 Mn Financing Facility with Saudi Renewable Firm Alfanar

The 5-year financing facility has been initially designed to support the Saudi-based renewable energy developer’s renewables energy projects, most notably the wind project it is currently developing in Spain. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar […]

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Saudi Arabia Tipped to Become Largest Wind Market in the Middle East

A new report has highlighted that Saudi Arabia is set to become the largest market for wind power in the Middle East by early 2020s. According to the report ‘Middle East Wind Power Market Outlook, 2019-2028’,  recently released by consultancy firm Wood Mackenzie, developers in Saudi Arabia are expected to build 6.2GW of wind capacity […]

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Top Stories of the Week for Solar Industry

Narendra Modi Flags Off First Ever Diesel to Electric Locomotive Prime minister Narendra Modi has flagged off the world’s first ever diesel to electric converted locomotive at the Diesel Locomotive Works in Varanasi. The Prime Minister unveiled the first of its kind converted electric locomotive during his visit to Varanasi, Uttar Pradesh on February 19, […]

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Saudi Arabia and China To Boost Renewable Energy Cooperation

Saudi Arabia’s PIF signs MOU with China’s National Energy Administration on renewable energy cooperation, after announcing to make India a regional hub for oil supply. Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China. The news about the […]

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DGTR Recommends Anti-Dumping Duty on EVA Sheets For Solar Modules

The DGTR suggested that the purpose of anti-dumping duties is to eliminate injury caused to the domestic industry by the unfair trade practices of dumping and to re-establish open and fair competition in the Indian market. The Directorate General of Trade Remedies (DGTR) in its final findings notification on the matter of anti-dumping investigation concerning […]

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Saudi Arabia Signs Framework Agreement of ISA

Saudi Arabia has become the 73rd nation to sign the Framework Agreement of the International Solar Alliance. The agreement was inked during the official state visit of the Crown prince of Saudi Arabia, Royal Highness Muhammad bin Salman bin Abdul-Aziz Al Saad to India. The signed agreement was handed to ISA’s Director-General Upendra Tripathy in […]

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Saudi Arabia Issues Tender for 1.515 GW Solar Capacity

The deadline for developers to express intention to participate in the procurement exercise is on February 14. Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has issued an expression of interest for the development and construction of seven new solar PV independent power producer  (IPP) projects with a combined potential capacity of 1.515 GW. The […]

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Saudi Arabia is Developing a $2Bn Solar and Carbon Black Complex

In a bid to speed up renewable energy adoption in the country, Saudi Arabia is planning to create a mega complex for solar and carbon black Saudi Arabia has revealed its plans to develop a $2 billion solar and carbon black integrated complex to speed up renewable energy programme in the country and is working […]

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Huawei Supplies 1500V Smart PV Soln for Solar Plant in Saudi Arabia

The plant is expected to be completed in October 2019. Power projects developer ACWA Power has chosen Huawei, as the sole supplier of inverters to integrate FusionSolar 1500V Smart PV Solution, including the SUN2000-90KTL string inverter and cutting edge FusionSolar Smart PV Management System in Saudi Arabia’s first large-scale ground-mounted PV plant. ACWA Power won […]

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