ACWA Power Secures Significant Investment from Silk Road Fund.

ACWA Power Secures Significant Investment from Silk Road Fund.

ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, is delighted to announce that China’s Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power (“CSP”) project in the United Arab Emirates. In the presence of Chinese President Xi Jinping, the Vice President and Prime Minister of […]

ACWA Power signs an investment agreement with Central Energy Fund for Redstone CSP Plant.

100MW solar power project to start construction this year, suppling power to 210,000 South African homes even during evening peak demand periods once operational. In the presence of the President of South Africa, H.E. Cyril Ramaphosa, on the occasion of his State Visit to the Kingdom of Saudi Arabia, a cooperation agreement was entered into […]

Four firms bid for DEWA’s solar power project advisory service.

Four firms bid for DEWA’s solar power project advisory service.

Dubai’s utility service provider Dubai Electricity and Water Authority (DEWA) has received four bids to provide Independent Power Producer (IPP) advisory services for 200 MW first phase of Concentrated Solar Power (CSP) Project – Phase IV at the Mohammed bin Rashid Al Maktoum Solar Park. The bidders are Ernst and Young Middle East (Dubai Branch), […]

Saudi Electricity seeking bids for PV plants at Al-Jouf and Rafha.

Saudi Electricity seeking bids for PV plants at Al-Jouf and Rafha.

Saudi Arabia’s state electricity utility is seeking bids from international developers to build two solar-power plants in the kingdom’s northern region. The plants will each generate as much as 50 MW using PV technology, which produces power directly for solar cells, according to a tender announcement that Saudi Electricity Company posted on its website. The utility is asking […]

Qatar Solar Technologies awarded.

Qatar Solar Technologies awarded.

Qatar Solar Technologies (QSTec), a member of Qatar Foundation, was recently awarded the ‘Best GCC Integrated Solar Company Award’ by World Finance magazine, a leading bi-monthly business publication. QSTec won the award in recognition for its advancement along the solar value chain, said a statement from the company. Dr Khalid Klefeekh Al Hajri, chairman and […]

Whatever happened to Saudi Vision 2030?

Whatever happened to Saudi Vision 2030?

After first pushing backs its renewable goals, Saudi Arabia looks to have vastly reduced plans for PV and CSP deployment. Reports coming out of the country today say that the Energy Minister has announced a reduction of its 2040 renewable goals from 50% to 10% of the country’s electricity supply. While the Middle East Solar […]

TerniaEnergia to build 47 MW solar power plant in Egypt.

Italian energy company TerniaEnergia has secured an order worth approximately USD 19.2 million for the construction of an industrial-scale solar power plant in Egypt with a total capacity of 47 MW. The company acquired the order on behalf of “an Italian leading utility,” the renewables, energy efficiency and waste management firm announced in a statement […]

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