acwa power

The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh BESS portfolio in Uzbekistan.

Saudi developer ACWA Power has started commercial operations of a 2.7GW solar PV portfolio in its home country.

ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.

Round-up of news from China with Saudi Arabian power developer ACWA Power partnering with two Chinese companies, state-owned China Energy Engineering wins bid to develop a floating solar (FPV) project in the Philippines and Guodian Power invests in 2GW Saudi PV project.

JinkoSolar has signed a supply deal with Saudi Arabian power developer ACWA Power to provide 3GW of TOPCon PV modules.

A consortium led by the China Energy Engineering Corporation (CEEC) has signed an EPC contract for the 2GW Haden PV project in Saudi Arabia.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.

The Saudi Power Procurement Company has signed PPAs with three companies for solar projects with a combined capacity of 5.5GW.

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

ACWA Power has secured loan financing of US$2.3 billion (SAR8.6 billion) to support the construction of three new solar projects in the state.