APICORP Signs $75 Million Term Facility with Saudi-Based Renewable Developer Alfanar
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five-year Murabaha financing facility worth $75 million with Alfanar Company, a developer and engineering procurement ...
Iraq Floats Tender for 755 MW of Solar Capacity
Iraq’s Ministry of Electricity and the National Investment Commission (NIC) has invited bids for the construction of seven solar photovoltaic (PV) power projects with a total capacity of 755 MW ...
Dubai’s AMEA Power Achieves Financial Closure for a 50 MW Solar Project in Jordan
Renewable energy project developer, AMEA, has announced financial closure for a 50 MW solar project in Jordan. The company has announced that it has secured $74 million for the Al ...
India Imposes Anti-dumping Duty on Import of Solar EVA Sheets from 4 Countries
The government of India has notified the imposition of anti-dumping duty on the ‘Ethylene Vinyl Acetate (EVA)’ sheets for solar modules imported from China PR, Malaysia, Saudi Arabia, and Thailand ...
Kuwait-Saudi Consortium Wins 500 MW Solar Project in Oman
A consortium of Kuwait and Saudi Arabian companies has won the bid to develop 500 MW of large utility-scale solar independent power projects (IPP) located at Ibri in Oman, according ...
Bangladesh Signs Agreement with Saudi-Based Alfanar for 100 MW of Solar Power Projects
The Electricity Generation Company of Bangladesh (ECGB) and Alfanar of Saudi Arabia have signed an agreement for the construction of 100 MW of solar power projects. The total capacity of ...
Argentina and Saudi Arabia Sign Framework Agreement of International Solar Alliance
Two new countries, Argentina and Saudi Arabia, have signed the framework agreement of the International Solar Alliance (ISA), joining hands with India towards a common goal of sustainability. The ISA ...
India Likely to Impose Anti-Dumping Duty on Solar EVA Sheet Imports for 5 Years
The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on the imports of the Ethylene Vinyl Acetate (EVA) sheets for solar modules imported from China PR, ...
Saudi Arabia Announces 1.5 GW Solar Tender
In line with the country’s National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (REPDO), has invited expressions of interest for seven greenfield solar PV projects with ...
ACWA Power Achieves Financial Closure for its 300 MW Sakaka Solar Project in Saudi Arabia
ACWA Power, a Saudi Arabia-based firm involved in the development, construction, and operation of power generation and desalination of water plants, has announced the financial closure of the Sakaka solar project ...
World’s Largest CSP Project in Dubai Adds 250 MW Solar PV at a Tariff of $0.024/kWh
Dubai Electricity and Water Authority (DEWA) has signed an agreement to add 250 MW of solar photovoltaic (PV) at the fourth phase of the Mohammed bin Rashid Al Maktoum Solar ...
Saudi Arabia’s Public Investment Fund to Invest $45 Billion in SoftBank for Solar Projects
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), will invest $45 billion in SoftBank to work on several large-scale solar projects, according to Reuters. The announcement was made at ...
Saudi Arabia’s ACWA Power to Develop 100 MW Solar Project in South Africa
The International Company for Water and Power Projects (ACWA Power) has announced that it will soon begin the construction of a 100 MW solar project in South Africa. An agreement ...
Saudi Arabia’s Public Investment Fund Acquires 15.2% Stake in ACWA Power
The Public Investment Fund (PIF) of Saudi Arabia has acquired a 15.2 percent stake in International Company for Water and Power Projects (ACWA Power), a developer, owner, and operator of ...
Five of the World’s Largest Solar Parks to Come Up in India: IEEFA Report
Five of the world’s largest under-construction solar parks are located in India, as reported by the United States-based Institute for Energy Economics and Financial Analysis (IEEFA). The report also discusses ...
DGAD Initiates Anti-Dumping Investigation into Solar Imports of EVA Sheets
The office of Directorate General of Anti-Dumping and Allied Duties (DGAD) has initiated an investigation on import of Ethylene Vinyl Acetate (EVA) sheets for solar modules imported from China PR, Malaysia, ...
Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project
Japanese telecom giant-turned-tech investor SoftBank has announced plans to invest in creating the world’s largest solar power project in Saudi Arabia, according to Reuters. The project is expected to have ...
ACWA Power to Develop 300 MW Sakaka Solar Project in Saudi Arabia
ACWA Power, a Saudi Arabia-based firm involved in the development, construction, and operation of power generation and desalination water plants, will develop the 300 MW grid-connected solar photovoltaic (PV) Sakaka ...
Saudi Arabia to Tender Over 3 GW of Solar and 800 MW of Wind
The Kingdom of Saudi Arabia will soon tender over 3 GW of grid-connected solar photovoltaic (PV) and 800 MW of wind projects to meet its increasing energy demands. The development ...
OPWP Announces RFQ for 500 MW Solar Project in Oman
The Oman Power and Water Procurement Company (OPWP) has announced a Request for Qualification (RFQ) for a 500 MW utility-scale solar project in in the country. Oman’s first utility-scale solar ...
How Low Can It Go – Solar Tariff of $0.0178/kWh Quoted in Saudi Arabia’s First Solar Auction
The low bids submitted for a 300 MW solar PV project planned for Saudi Arabia surprised everyone recently when the lowest submitted bid for the levelized cost of energy (LCOE) ...
Saudi Arabia Could be a Significant Renewable Energy Market Going Forward
In the next six years, Saudi Arabia intends to produce 10 percent of its power from renewable sources of energy. The drive towards renewable energy is likely to see the ...
