middle east

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.

A consortium of EDF Renewables and Korea Western Power Corporation (KOWEPO) has reached financial close on a 500MW solar PV plant in the Sultanate of Oman.

The government of Kuwait has launched tenders for 1.1GW of solar projects, to be installed at its Al Shagaya Renewable Energy facility.

From the world’s largest project being commissioned to a possible downturn for solar manufacturers in 2024, and including the US Department of Treasure releasing guidance from the Inflation Reduction Act. Here, PV Tech runs down its top 10 stories of the past 12 months.

US solar tracker manufacturer Nextracker has announced that its trackers, either operational or under fulfilment, have surpassed 10GW in the Middle Eastern, African and Indian markets.

JinkoSolar has agreed to supply 3.8GW of its n-type panels to energy company ACWA Power for use at two solar projects in Saudi Arabia.

Chinese solar manufacturer LONGi has announced that it had shipped over 1GW of solar modules to the Middle East distribution solar market by the second quarter of 2023.

Bahrain has agreed to develop a 72MW solar power project in Sakhir, which will be the country’s largest solar facility.

ACWA Power has signed an agreement with Badeel – the water and electric holding company of the Saudi Arabian Public Investment Fund (PIF) – to develop 4.5GW of solar PV projects in Saudi Arabia. The projects will represent an investment of SAR12.2 billion (US$3.3 billion).

Located in Jeddah City, the ASB project is said to be the biggest solar plant in construction in the Middle East region.