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  • Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
     

    Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]

     
  • Work to Begin on 400-megawatt Dumat Al Jandal Wind Power Facility in Saudi Arabia
     

    Saudi Arabia will begin producing wind energy at the Dumat Al Jandal site within three years to offset domestic oil consumption and diversify its energy supply, according to reports. Work will begin soon on Dumat Al Jandal, the Kingdom’s first major wind power facility, located in the Al-Jouf province in the north of Saudi Arabia, near the […]

     
  • Seven Saudi PV solar power projects worth $1.51b launched at recent industry exhibition
     

    Seven PV solar power projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) were launched on the sidelines of the recently concluded Saudi Elenex exhibition, according to a report in ConstructionWeekOnline. The projects were unveiled by Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources. The announcements are part of the Kingdom’s larger effort […]

     
  • Saudi Arabia plans 2.6 GW solar park near Mecca
     

    Saudi Arabia is set to issue tenders for 2.6 GW Mecca solar project in 2019, according to reports. The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Construction work on the project will begin this year, […]

     
  • Saudi Arabia Eyes Major Domestic Energy Conservation by 2030, Al Falih Says
     

    Saudi Arabia expects to throttle back domestic energy consumption by 2030 by up to the equivalent of 2m barrels of oil per day, in line with the Kingdom’s Vision 2030 economic and social reform initiative, according to comments made by Khalid Al-Falih published by Reuters. Saudi Arabia has long used easily extracted oil reserves for […]

     
  • PIF Says WSJ Report that Kingdom Has Shelved Solar Projects is ‘Completely Inaccurate’
     

    A spokesperson for Saudi Arabia’s Public Investment Fund (PIF) said via the Kingdom’s state-run news agency, the Saudi Press Agency, that media articles claiming that work has been shelved with respect to SoftBank and Solar Projects are “completely inaccurate.” The unnamed spokesperson said that the PIF “continues to work with the SoftBank Vision Fund, and other parties, on a number of large-scale, […]

     
  • Report: Saudi-backed SoftBank Earnings Surge on Vision Fund Valuation
     

    SoftBank has reported a 49.2 percent surge in its latest quarterly earnings due in part to a $2.2 billion gain at its tech-focused Saudi-backed Vision Fund, Zawya reports. According to Zawya, the fund’s investment gain was a result of the sale of the Indian e-commerce company Flipkart to US chain Walmart. An increase in the value of the fund’s […]

     
  • ACWA Power to Build 100MW Solar Project in South Africa Following Major Investment Announcements from Saudi, UAE
     

    ACWA Power says it will begin construction this year on a 100MW solar energy plant in South Africa as Saudi Arabia and the UAE announced that the two countries will invest a combined $20 billion into the country, according to reports. The 100MW Redstone concentrated solar thermal power (CSP) plant, whose construction had initially been scheduled […]

     
  • Saudi Arabia’s Swings for Fences With ‘Bold, Risky’ Solar Bet
     

    Saudi Arabia and SoftBank signed a MOU to build a $200 billion solar power project this week in New York, dwarfing all other existing or planned projects in the world and placing the Kingdom and its 3,000 hours of sunshine a year into a global leadership position in the renewable energy field. The project, unveiled in New York this week […]

     
  • ACWA Power Wins First Utility-Scale Solar Energy Project in Saudi Arabia
     

    Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports. ACWA Power announced the win on its website on Tuesday. “This plant is the first of what […]

     

MUST-READS

  • Saudi Arabia Releases RFQ for Solar Projects

    The Saudi government is exerting efforts to replace fuel with gas and renewable energy sources in electricity production. The Saudi Power Procurement Company (Principal Buyer) recently signed two power purchase agreements with a total capacity of 1,500 megawatts. The combined capacity of Round 5 projects is approximately 3700 MW distributed as follows: 2000 MWac al-Sadawi IPP in the Eastern province, 1000 MWac al-Masa’a IPP in the Hail province, 400 MWac al-Henakiyah 2 IPP in Madinah province, and 300 MWac Rabigh 2 IPP in Makkah.

  • Solar-Powered Housing Initiatives Launched In Yemen By Saudi Organizations

    Implemented by the Saudi Development and Reconstruction Program for Yemen (SDRPY), the Arab Gulf Programme for Development (AGFUND), and the Sela Foundation for Development, the project has inaugurated 133 housing lighting systems and 20 operational public utilities powered by solar energy in the governorates of Hadhramaut, Taiz, as well as Hodeidah.

  • Masdar, EDF and Nesma partner to build $1bn Saudi solar plant

    A consortium of Masdar, EDF Renewables and Nesma Holding has won a bid for the construction of a 1.1GW solar plant in Saudi Arabia.

    It placed the lowest bid of $16.84 per megawatt-hour to secure the Al Henakiyah solar project from the Saudi Power Procurement Company (SPPC). The consortium of Abu Dhabi-based Masdar, France’s EDF Renewables and Saudi conglomerate Nesma has entered a power purchase agreement with SPPC for a period of 25 years.

  • Solar farm to power water treatment at Amaala resort in Saudi Arabia

    Red Sea Global (RSG) has signed a 25-year concession agreement with French utility EDF and UAE green energy supplier Masdar on a solar-powered water treatment system for the 3,800-sq-km Amaala luxury tourist project in northwest Saudi Arabia. The two companies will finance, design, build, and operate a solar farm, complete with battery storage system, desalination plant and a wastewater treatment facility.

  • Red Sea Global Partners With EDF And Masdar For 25-Year Solar-Powered Amaala Project In Saudi Arabia

    Red Sea Global (RSG), the developer behind Amaala and The Red Sea, has partnered with French utility firm EDF and clean energy company Masdar to establish a 25-year concession agreement for a multi-utilities infrastructure facility serving the Amaala destination. Similar to The Red Sea, Amaala will rely entirely on solar energy, reducing CO2 emissions by nearly half a million tons annually.

  • Chinese Solar Firm GCL Technology Eyes Saudi Arabia for First Overseas Plant

    China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first overseas factory as the nations aim to extend their energy ties beyond oil. The world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant in the Middle Eastern nation which would produce 120,000 tons a year, Joint Chief Executive Officer Lan Tianshi said in an interview. GCL Tech could start operations as early as 2025, he said.

  • Saudi Arabia’s largest solar project attracts $1.63bn financing

    The National Development Fund will provide a substantial loan amounting to $1.63 billion (SAR 6.1 billion), while the Saudi National Infrastructure Fund has committed to financing the project with $453.3 million (SAR 1.7 billion). This ambitious solar project is situated in Shuaiba within the Makkah Al-Mukarramah region. Moreover, a consortium of local and international banks has joined in this financing arrangement, resulting in a combined loan value of SAR 6.1 billion. This financing effort aligns with one of the key objectives of the National Infrastructure Fund, which is currently under construction. It aims to expedite the realization of strategic infrastructure projects across the kingdom, thereby generating lasting developmental impacts.

  • Saudi Arabia to power green hydrogen project with 2.2 GW of solar

    Sungrow has agreed to supply inverter technology for a 2.2 GW solar plant under development in Oxagon, Saudi Arabia. The PV installation, which will be the largest in the Middle East upon completion, will provide power for Neom Green Hydrogen Co.’s (NGHC) $8.7 billion green hydrogen project.

  • L&T awards 805 MW solar trackers Contract to PVH in Saudi Arabia

    PVH, a leading global manufacturer and supplier of solar trackers, is thrilled to announce the signing of another major contract with Larsen & Toubro (L&T) for the supply of 805 MW on a solar project in Saudi Arabia at Ar Rass City. The project will be located in Saudi Arabia Qassim province near Ar Rass city. It will be included within The National Renewable Energy Program and overseen by the Kingdom’s Ministry of Energy, Industry and Mineral Resources (MEIM) as a strategic initiative under Saudi Vision 2030.

  • Israeli solar firm enters rare venture with Saudi business

    Herzliya-based S&P 500 company SolarEdge is forming a joint venture with Riyadh-based Ajlan & Bros Holding to develop renewable energy, the two companies said Monday. It is a business partnership seldom seen between Israel and Saudi Arabia, two countries that don’t officially recognize each other. A statement from the two companies said that the joint venture is being formed to support smart renewable energy in Saudi Arabia in line with the kingdom’s Vision 2030 initiative, which aims to wean the country off economic dependence on oil by diversifying revenue streams.