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.
Middle Eastern kingdom launches third round of renewable programme to find developers for four solar plants, adding to the six PV projects yet to be awarded under the second round.
Connection of 300MW venture by ACWA Power and AlGihaz comes after their world-record bid of 8.781 halalas/kWh (US$2.34/kWh) in the first round of Saudi Arabia's renewable tender programme.
The 200MW project n Egypt’s West Nile province will be one of Egypt’s largest solar parks, not far from the Benban solar complex and construction is expected to start in 2021.
New incentive programme meant to help kingdom meet 60GW-by-2030 renewable target sees the light in the wake of Abqiaq drone strike and oil price uncertainty..
Completion of 15MW Al Kharj Solar Project follows consultants’ predictions that Middle Eastern kingdom will grow in five years to install annual solar volumes of 1-5GW.
NADEC inks 25-year PPA with clean energy developer for project to help power complex in country’s east, with plans to launch supply in autumn 2020.
Deal brings Beijing’s fund for the Belt and Road Initiative closer to 1.668GW Saudi clean energy developer it has partnered with for past PV projects.
SABIC carrying out feasibility study on PV plant and moves into solar cell and battery storage development.
Saudi Arabia’s Public Investment Fund and partners to deliver directly 2GW of the total pipeline, with plans to host a public tender for 600MW.
Saudi firm enters joint venture with Electricity Generation Company of Bangladesh to deliver PV project in southeastern district of Feni.
Saudi Arabia has launched the second round of its solar power tender programme with a request for proposals for 1.5GW of solar.
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.