Saudi Arabia secures financing for 15 GW of new solar and wind capacity
A consortium led by Acwa Power, Water and Electricity Holding Co. (Badeel) and Saudi Aramco Power Co. has secured a $5.9 billion senior debt facility for seven Saudi Arabia renewable energy projects totaling 15 GW across solar and wind.
L&T signs MoU with ACWA Power for EPC of renewables and grid infrastructure at Yanbu Green Hydrogen Hub
Larsen & Toubro has signed a Memorandum of Understanding with ACWA Power for engineering, procurement and construction of the renewables and grid infrastructure at the Yanbu Green Ammonia Project in Saudi Arabia.
Saudi Arabia signs 5 solar PPAs totaling 12 GW
Saudi Arabia has inked five solar power purchase agreements (PPAs) with a developer consortia led by ACWA Power covering 12 GW of new capacity. Alongside two wind PPAs totaling 3 GW, the seven projects have been billed as the largest renewable energy capacity signed for in a single phase globally.
TrinaTracker establishes 3 GW factory in Saudi Arabia
The facility will manufacture TrinaTracker’s Vanguard series of solar trackers and smart control systems. Commercial operation is set to begin during the first quarter of this year.
BYD to supply 12.5 GWh of battery storage in Saudi Arabia
Following a report in January, BYD has now officially secured the 12.5 GWh battery energy storage system (BESS) supply deal.
Floating solar could reach LCOE of $0.053/kWh in Saudi Arabia
Scientists in Saudi Arabia have assessed the techno-economical feasibility of floating PV plants at three different dams and have found that such projects could have a return on investment of 12 to 13 years.
Saudi Arabia commissions its largest battery energy storage system
The 2 GWh battery energy storage system (BESS) features 122 prefabricated storage units, designed and supplied by China’s BYD.
Larsen & Toubro wins new substation orders in Middle East
Larsen & Toubro has secured orders to implement advanced distribution management system in West Bengal and substations in Kuwait, Saudi Arabia, and United Arab Emirates.
Saudi Arabia announces prequalified bidders for 2 GW/8 GWh battery storage tender
The Saudi Power Procurement Company has announced its list of 33 prequalified biders for its massive 2 GW/8 GWh BESS tender.
L&T wins orders to build advanced grid systems in Middle East
Larsen & Toubro has secured orders for HVDC transmission line and GIS packages in Middle East.
