Saudi Arabian energy firms signed an agreement and six memoranda of understanding (MoUs) with Syria’s Ministry of Energy during the Damascus International Fair, marking a broad…
Browsing: ACWA Power
ACWA Power, the Water and Electricity Holding Company (Badeel), and Saudi Aramco Power Company (SAPCO) have signed agreements to invest over $8 billion in the development…
A consortium led by ACWA Power has reached financial close for the 1100MW Suez Wind Farm in Egypt, securing a $704 million senior debt package from…
The European Bank for Reconstruction and Development (EBRD) has secured a $275 million syndicated loan to support the construction of Africa’s largest wind farm, a 1.1-gigawatt…
Saudi renewables developer ACWA Power has finalized a USD 238 million debt financing deal for its 240-MW Absheron-Khizi wind project in Azerbaijan. Announced at the COP29…
Saudi Arabia’s ACWA Power, UAE’s Masdar, and Azerbaijan’s State Oil Company (SOCAR) have signed a Memorandum of Understanding (MoU) to explore the development of 3.5 GW…
The 600-MW Al Shuaibah 1 solar photovoltaic (PV) project in Saudi Arabia has started commercial operations, ACWA Power announced. The Riyadh-based renewable energy developer received the…
Saudi Arabia’s ACWA Power Co has officially launched the commercial operation of its 200-MW Riverside solar photovoltaic (PV) project in the Tashkent region of Uzbekistan, the…
The world’s top 27 utility-scale solar developers have made significant strides in 2023-2024, collectively adding nearly 50 GWac of new capacity. This marks a 50% growth…
Construction of the 2.2-GW Neom green hydrogen plant in northwestern Saudi Arabia is now 60% complete and remains on track to begin operations by the end…
The European Bank of Reconstruction and Development (EBRD) is evaluating a senior debt financing loan of up to $200 million for a 1,100 MW wind project…
Saudi Arabia has commenced the qualification process for a group of battery energy storage system (BESS) projects with a combined capacity of 2,000 MW and 8,000…
