In recent years the solar industry has seen some of the largest and cheapest contracts awarded in the MENA region. But with concerns over component price and availability, what can the industry expect from the solar sector in the MENA region in the medium-term?
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
Saudi developer ACWA Power has seen its initial public offering (IPO) application approved by the country’s Capital Market Authority (CMA) and intends list its shares on the Main Market of the Saudi Stock Exchange
A consortium that is developing Saudi Arabia’s largest solar project has reached financial close for the plant and has secured the backing of state oil producer Saudi Aramco.
Solar developer ACWA Power has secured a total US$114 million from financial institutions to fund the construction of what it claims will be Egypt’s largest private solar plant.
Saudi Arabian developer ACWA Power has finalised agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year.
A renewables procurement round launched today (19 March) by the government of South Africa will aim to source 2.6GW of clean energy capacity, of which 1GW will be solar PV and 1.6GW wind.
Saudi Arabian developer ACWA Power has signed a US$125 million facility that will serve as a funding source to support the growth of its green energy portfolio.
ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.
