Spanish multinational oil and gas company Cespa has signed a memorandum of understanding (MoU) with Masdar, Abu Dhabi Future Energy Company, to collaborate on renewable energy ventures, particularly in solar and wind.
A 30% stake in the largest solar power project under development in Jordan has been bought by Taaleri Group, which will participate in the construction and operation of the solar plant alongside the majority shareholder Abu Dhabi Future Energy Company (Masdar).
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.
UPDATED: Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has shortlisted local firm Acwa Power and a consortium led by Japanese conglomerate Marubeni Corporation to develop 300MW of solar PV in Sakaka, Al Jouf.
Indonesian power company PT Pembangkitan Jawa-Bali (PT PJB), a subsidiary of state utility PLN, and the UAE's Masdar have signed an agreement to develop the world’s largest floating solar project with a capacity of 200MW in Indonesia.
Yesterday’s record-breaking bid opening in Saudi Arabia for 300MW of solar has grabbed headlines, including on PV Tech, but while the exact parameters of the RfP remain covert, the bid levels have sparked debate about whether such low prices can be possible without some kind of escalating tariff mechanism or other distortion.
EDF Group, via its subsidiary EDF Energies Nouvelles, announced Wednesday that it has joined the Masdar-led consortium responsible for the development of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates.
Abu Dhabi’s leading renewable energy firm Masdar has completed eight new solar PV projects in rural communities in Mauritania, doubling the amount of clean power provided to the Islamic Republic nation and powering some 39,000 homes.