The Saudi Arabia Power Procurement Company (SPPC) has signed four storage service agreements covering the first group of battery energy storage system (BESS) projects in Saudi Arabia. The total investment for the projects exceeds approximately […]
The Emerging Africa & Asia Infrastructure Fund (EAAIF) has provided a $30 million senior secured corporate loan to Hassan Allam Utilities. The funding will support the Minya 1 GW solar and 660 MWh battery energy […]
ACWA Power and Bapco Energies have entered into a joint development agreement to collaborate on the development of a solar project integrated with a battery energy storage system in Saudi Arabia’s Eastern Province. The arrangement […]
ACWA Power, together with Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company (SAPCO), has completed the financing process for seven large-scale renewable energy projects in Saudi […]
JA Solar has entered into a module supply agreement with Larsen & Toubro (L&T) for the Samarkand 1 and 2 solar power projects in Uzbekistan. Under the agreement, the company will provide all photovoltaic modules […]
ACWA Power has signed a series of agreements worth $10 billion at the ninth edition of the Future Investment Initiative in Riyadh. The agreements cover financing partnerships, renewable energy, storage, and technology development across the […]
ACWA Power has signed a MoU with Larsen & Toubro’s (L&T) renewables division for the renewables and grid scope of the Yanbu green ammonia project in Saudi Arabia. The Yanbu project is being developed as […]
The Asian Development Bank (ADB) and ACWA Power have signed a $51 million loan package to support the development of the Nukus 2 wind and battery energy storage system (BESS) project in Uzbekistan’s Qoraozak district […]
ACWA Power has inked agreements and memoranda of understanding (MoUs) with international partners. The agreements aim to create a green hydrogen and renewable energy export value chain between Saudi Arabia and Europe. A multi-party MoU […]
ACWA Power, in partnership with Badeel and the Saudi Aramco Power Company (SAPCO), has entered into power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development of seven utility-scale renewable energy […]
ACWA Power has inked a memorandum of understanding (MoU) and strategic partnership agreements (SPA) with key Malaysian entities. The company has inked an MoU with the Malaysian Investment Development Authority (MIDA) for the development of […]
ACWA Power has inked a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt. The investment in the project is approximately $2.3 billion. The […]
ACWA Power has inked a memorandum of understanding (MoU) with SEFE. The partnership aims to produce and deliver green hydrogen to Europe and strengthen energy cooperation between Saudi Arabia and Germany. Under this agreement, the […]
ACWA Power has inked a memorandum of understanding (MoU) with Snam to explore potential collaboration and joint investments. This partnership aims to establish a green hydrogen supply chain from Saudi Arabia to Europe. This international […]
Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt. This partnership […]
ACWA Power and its partner HAU Energy (a subsidiary of Hassan Allam Utilities) have achieved financial close for the 1.1 GW Suez Wind Farm in Egypt. This project secured a $ 703.6 million senior debt […]
ACWA Power has inked an Implementation Agreement (IA) with Uzbekistan’s Ministry of Energy to develop up to 2 GWh of standalone Battery Energy Storage Systems (BESS) across the country. The agreement was signed at COP29 […]
ACWA Power announced that its Redstone Concentrating Solar Power (CSP) plant in South Africa has achieved 50 MW and is poised to reach its full 100 MW capacity shortly. The successful synchronisation of Redstone CSP […]
JinkoSolar has signed a supply contract with ACWA Power for approximately 3 GW of photovoltaic modules for the Saudi PIF4 project. The latest contract reflects the implementation of a previously signed framework agreement for global […]
ACWA Power and Larsen & Toubro Limited have chosen Nextracker to provide all-terrain tracker NX Horizon-XTR for a 1.17 GW installation at Al Kahfah Solar Power Plant, a renewable energy project in Saudi’s central province […]
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