saudi arabia

Saudi Arabia plans to install 60GW of renewable energy by 2030, an official has said in an interview with the UAE state news agency WAM.

Huawei has been chosen as the sole inverter supplier for Saudi Arabia’s 300MW Sakaka plant, the first large-scale solar project in the country.

A consortium of Saudi-based developer ACWA Power and contractor AlGihaz have closed financing of the SAR1.2 billion (US$319 million) Sakaka solar project standing at 300MW in Al Jouf, Saudi Arabia, a project that attracted headlines across the world last year after the government chose ACWA Power despite Masdar putting in the lowest ever solar bid.

Saudi Arabia’s sovereign wealth fund has rejected media reports that a multi-billion dollar solar programme has been halted.

The Middle East and Africa is set to enjoy a year-on-year PV demand increase of 170%, according to GTM Research.

A Saudi Arabian conglomerate has taken a 50% stake in the German developer and PV investor Greencells.

A Saudi Arabian sovereign wealth fund has taken a 15.2% stake in ACWA Power, a dominant solar power developer in the Middle East.

Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology is believed to have entered into a Memorandum of Understanding (MOU) with Saudi Arabia’s major commercial and industrial trading company, El Seif Group to establish a large-scale solar manufacturing infrastructure in the Kingdom.

India has launched an anti-dumping investigation into imports of EVA sheets for solar modules from China, Malaysia, South Korea, Thailand and Saudi Arabia.

The Softbank Vision Fund will begin a major investment partnership with Saudi Arabia that could see 200GW of solar generation capacity installed.