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…
Browsing: ACWA Power
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…
Saudi renewables developer ACWA Power Co has successfully achieved financial closure on USD 62 million (EUR 57.1 million) in debt to support its 100-MW Nukus 1…
Saudi-based ACWA Power has obtained USD 1.78 billion in project financing agreements to support its renewable energy initiatives across key markets, including projects in Uzbekistan and…
