The ACWA Power-led consortium has completed funding for Al-Shuaibah 1 and Al-Shuaibah 2, totalling SR8.3 billion ($2.2 billion) in investment. The main partners in the financing structure, which combines long-term debt and equity, are ACWA […]
Larsen & Toubro’s (L&T) Power Transmission and Distribution Business has accomplished significant milestones for the power elements and grid packages of a green hydrogen plant, which is being developed by NEOM Green Hydrogen Company. NEOM […]
NEOM Green Hydrogen Company (NGHC) has announced that it has reached financial close on Saudi Arabia’s massive green hydrogen production facility with a total investment value of $8.4 billion, following the signing of financial documents […]
Arctech, a solar equipment manufacturer has secured a contract to provide 1.5 GW trackers for a solar project in Saudi Arabia. Arctech will supply its SkyLine II solar tracking solution. This single-axis tracker with a […]
Acwa Power, a Saudi energy company, and the Water and Electricity Holding Company (badeel) have agreed to construct, own, and operate a 2.06 GW solar photovoltaic (PV) plant in the Makkah province of Saudi Arabia. […]
Saudi Power Procurement Co. (SPPC) has issued a tender for the deployment of 3.3 GW of renewable energy capacity. The Saudi government plans to construct two solar parks with a combined capacity of 1.5 GW […]
Aramco, the largest oil company in Saudi Arabia, plans to generate 12 GW of renewable energy by 2030. The company stated in its most recent sustainability report that it intends to decarbonize the power supply […]
The largest Middle Eastern country, Saudi Arabia, is ranked as the second major oil producer in the Organization of the Petroleum Exporting Countries. The country, which is home to around 34.8 million people, holds 17 […]
The year 2016 witnessed several project investments, and policy and regulatory initiatives across various regions, which were aimed at facilitating grid expansion and strengthening, mainly to connect new and renewable energy sources. Renewable Watch presents […]
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