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  • How Solar-Powered Desalination Allows Saudi Arabia To Produce Potable Water Sustainably

    Each year, the Kingdom requires an average of 5.5 billion cubic meters of freshwater. The need for water is especially high during the Hajj and Umrah seasons, when well over a million pilgrims arrive from around the world. Home to more than 37 million people, the Kingdom is the world’s third-largest consumer of water per head of population. Agriculture alone accounts for around 84 percent of total water consumption.

  • Successful Completion of the First Saudi SolarThon at Alfaisal University

    This past weekend, Alfaisal University, Dimensions Startup Studios in collaboration with the College of Engineering, proudly hosted the first-ever Saudi SolarThon, an extraordinary gathering of minds focused on advancing solar energy technology. This event, held at our Dimensions Startup Studios, attracted esteemed guest speakers from King Abdullah University of Science and Technology (KAUST) and the King Abdulaziz City for Science and Technology (KACST) and OptimalPV.

  • Saudi Energy Giant ACWA Power Secures $80 Million Loan From Bank Of China For Uzbekistan Solar Drive

    Saudi-based ACWA Power recognized as the world’s largest private water desalination company and a frontrunner in energy transition with a focus on green hydrogen, secured an equity bridge loan from the Bank of China amounting to $80 million to fund its Tashkent 200MW Solar PV and 500MWh BESS project in Uzbekistan.

  • Solar Spider Targets Saudi Arabia Banks via New Malware

    The sophisticated threat group behind a complex JavaScript remote access Trojan (RAT) known as JSOutProx has released a new version of the malware to target organizations in the Middle East. Cybersecurity services firm Resecurity analyzed technical details of multiple incidents involving the JSOutProx malware targeting financial customers and delivering either a fake SWIFT payment notification if targeting an enterprise, or a MoneyGram template when targeting private citizens, the company wrote in a report published this week. The threat group has targeted government organizations in India and Taiwan, as well as financial organizations in the Philippines, Laos, Singapore, Malaysia, India — and now Saudi Arabia.

  • Breakdown at Saudi solar plant in Morocco costs firm $47 million

    Saudi Arabian renewable energy utility ACWA Power International on Sunday reported a storage breakdown at one of the solar plants it operates in Morocco that will cost the company an estimated $47 million.
    The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024, the company said on the website of the Saudi Stock exchange.
    The breakdown highlights the recurrence of technical issues and storage breakdowns at the concentrating solar power (CSP) plant. Technical prob

  • Nextracker wins 1.17-GW order for Saudi Al Kahfah solar project

    The order was assigned by ACWA Power and engineering, procurement and construction (EPC) contractor Larsen and Toubro Ltd (NSE:LT), or L&T. It concerns Nextracker’s all-terrain NX Horizon-XTR smart solar tracker systems and marks the company’s largest deployment of this series in a single order to date, according to a press release. The 1.581-GWp Al Kahfah is one of three major solar PV Independent Power Producer (IPP) projects being led by ACWA Power and the Water and Electricity Holding Company (Badeel), a wholly-owned company of the Public Investment Fund (PIF).

  • Saudi Arabia: Acwa Power obtains $3.4 billion in financing to build solar plants

    The Saudi group Acwa Power, supported by the Saudi Arabian Public Investment Fund (PIF), has obtained financing from a consortium of banks that will allow it to advance the construction of solar plants worth 3,4 billion dollars in the whole country. The company has obtained an $8,6 billion credit line from local, regional and international institutions, including Saudi Awwal Bank, Banque Saudi Fransi and Mizuho Bank, according to filings on the Kingdom Stock Exchange. The consortium also includes Riyad Bank, Saudi National Bank, Standard Chartered Bank and HSBC.

  • Saudi Arabia reveals bidders for 3.7 GW solar tender

    Saudi Power Procurement Co. (SPPC) announced this week the selected bidders for the final phase of the fifth round of the Saudi Arabian government's National Renewable Energy Program (NREP).

  • Saudi Arabia announces qualified bidders for 3.7GW solar projects

    The four solar projects to be developed under this round are the 2GW Al Sadawi solar plant, to be situated in Saudi Arabia’s Eastern province, the 1GW Al Masa’a project to be located in Hail province, and the 400MW Al Henakiyah 2 and 300MW Rabigh 2 projects which will be located in Madinah and Makkah provinces respectively. The NREP’s objective is to increase the proportion of renewable energy in the country’s energy mix, with a target of 50% of its electricity from renewable sources by 2030.

  • Saudi Arabia announces successful bidders for 3.7GW solar projects

    The Saudi Power Procurement Company (SPPC) has unveiled the qualified bidders for the fifth round of 3.7GW solar projects under the National Renewable Energy Programme (NREP) in Saudi Arabia, including several major renewables developers. In an announcement published by the Saudi Press Agency, the SPPC announced that Masdar, EDF Renouvelables, Itochu Corporation, Total Energies Renewables, and Saudi Electricity Company were among the companies that won bids.