middle east

Saudi Arabia’s omittance of the lowest ever solar bid from the final shortlist of its 300MW solar tender may have been a measure to restore investor confidence in the future of the market, according to a representative of global analyst firm GTM Research.

Oman has confirmed a competitive tender for a 500MW PV project.

Saudi energy company ACWA Power has reached financial closing on a 61.3MW PV project that it is developing in the Risha region of Jordan.

UAE-based, Enviromena Power Systems, a clean energy developer based in Abu Dhabi, has been bought by UK-based, Arjun Infrastructure Partners (AIP).

The Abu Dhabi Fund for Development (ADFD) has financed a two-year renewable energy training programme for Pacific Island countries.

Etihad Esco is set to develop and install floating solar PV systems after being awarded a contract by Dubai Electricity Water Authority (DEWA).

Belectric has won the engineering, procurement and construction (EPC) contract for a 120MW project in Israel.

The International Finance Corporation (IFC) has finalised a US$653 million debt package for 13 solar projects at the Benban Solar Park, near Aswan in Egypt.

Dubai Electricity and Water Authority (DEWA) has launched a new investment company based in Silicon Valley, California, which will have R&D and innovation in sustainability and renewable energy among its energy technology focuses.

Iran plans to build a 50MW solar power plant on its Armenian border.