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.
French oil major Total and industrial conglomerate Zahid Group have established a joint venture (JV) focused on distributed solar generation for Saudi Arabia’s commercial and industrial (C&I) sector.
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.
A joint venture project has been launched to develop what intends to be the world’s largest green hydrogen project, using up to 4GW of solar and other renewables as its power source.
Saudi Arabian developer ACWA Power has set its sights on an accelerated growth trajectory after China’s Silk Road Fund completed the purchase of a minority stake in the firm’s renewables arm.
Kingdom pre-selects ACWA, First Solar, Marubeni, Masdar and others for projects ranging from 20MW to 600MW, with ultra-low prices heralding new PV boost in Middle Eastern kingdom.
The solar boom being fostered by UAE, Saudi Arabia and others is fuelling the appetite for imported PV components. Top Chinese makers walk PV Tech's Carrie Xiao through their steps to succeed in a region of megaprojects.
