Saudi Arabia's ACWA Power and Azerbaijan's Ministry of Energy have broken ground at a US$300 million wind power plant located 45 km Northwest of the central Asian nation’s capital, Baku. The 240MW facility will contribute to Azerbaijan’s target of generating 30% of its energy through renewables...
Saudi Arabia has revealed plans to rapidly boost electricity generation from renewable sources by 2024, as part of the Kingdom’s gradual transition away from a power system dominated by fossil fuels. According to the Saudi General Authority for Statistics (GASTAT), around 15,109 GWh of green electricity...
A consortium backed by Saudi Arabia's sovereign wealth Public Investment Fund (PIF) has signed a 25-year power purchase agreement (PPA) for electricity generated from an up to 1.5GW solar farm. The US$905.1 million Sudair project, located in Sudair Industrial City, will be capable of powering 185,000...
Saudi Arabia and Japanese investment giant Softbank have signed a memorandum of understanding (MoU) to build a US$200 billion solar power development of an unprecedented scale. Crown Prince of Saudi Arabia Mohammed Bin Salman confirmed at a press conference in Paris that the MoU will deliver...
ACWA Power has been awarded a US$302 million solar power development in Saudi Arabia which represents the first ever utility scale renewable energy project in the kingdom. The Sakaka independent power producer (IPP) PV solar project is located across 600 hectares in Al Jouf and will...