The Public Investment Fund of Saudi Arabia (PIF) has signed a non-binding Memorandum of Understanding (MoU) with SoftBank's Vision Fund LP (SBVF) to create the New Solar Energy Plan 2030, which envisions the development of between 150 GW and 200 GW solar power generation capacity in Saudi Arabia by 2030.
Energy Finance & Investment News in Saudi Arabia
The Water & Electricity Company (WEC) of Saudi Arabia has published a Request for Expressions of Interest for the Jubail Phase 3 Independent Water & Power Project, to be located on the Arabian Gulf Coast, approximately 18km south of the Jubail Industrial City, adjacent to the existing plant units (Jubail Phase 1, Jubail Phase 2 and Jubail RO plants), in the Eastern Province of the Kingdom of Saudi Arabia.
The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has awarded the Sakaka IPP PV solar project, the first utility scale renewable energy project in the country, to ACWA Power.
Dubai Electricity and Water Authority (DEWA) has launched a request for expression of interest (RFEOI) to develop the 250 MW Hatta hydroelectric project in Dubai.
Saudi Arabia’s Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with SoftBank Vision Fund (SBVF) to jointly fund the development of 3 GW of solar photovoltaic and storage capacity in Saudi Arabia.
The Renewable Energy Project Development Office (REPDO) of Kingdom of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has released the Request for Proposals (RFP) for its first utility-scale wind power project within the National Renewable Energy Program (NREP).
The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has today issued the request for qualification (RFQ) for 400 MW of wind power in Dumat Al Jandal, in Al Jouf region of Saudi Arabia.
ACWA Power, a developer, owner and operator of independent power generation & water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the signing of a sale and purchase agreement in respect of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP) in Saudi Arabia.
The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has shortlisted qualified companies for round one of the National Renewable Energy Program (NREP).
Saudi Electricity Company (SEC) has canceled the tender process for two photovoltaic solar projects just prior to submission date.
Dubai Electricity and Water Authority (Dewa) call for bids for the provision of engineering consultancy services for a pumped-storage hydro project in Hatt and a total of 12 bids have been placed in response.
Saudi Arabia has launched Request for Qualifications for 700 MW of solar and wind energy. The government aims to award the contracts by September, with the cost of power forecast to be record low. The projects involve 300 MW of solar plants in the al-Jouf area and 400 MW of wind projects in nearby Tabuk.
ACWA Power, a developer, investor, and operator of a portfolio of power generation and desalinated water production plants, is set to launch a new company that will group its existing renewable energy portfolio and act as a platform to capitalise on the rapidly growing market potential for renewable energy in emerging markets.
Saudi Electricity Company (SEC) has resquested expressions of interest (EOI) in respect of the potential development of a 5,400 MW combined cycle Independent Power Plant (IPP) operating on natural gas as primary fuel, to be located in Al Al Wasia area (90 km from Riyadh), the central region of Arabia Saudi.
ACWA Power has announced the increase of its revolver facility by SAR600 million. The amount increases the 2015 revolver facility, which will continue to stand and now totals SAR 1,309 million (USD 349 million).
Saudi Electricity Company (SEC) has launched request for pre-qualifications to develop two 50 MW solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia.
Saudi Electricity Company (SEC) has launched a request for expression of interest (RFEOI) to develop two solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia.
Saudi Electricity Co, a state-controlled monopoly on the generation, transmission and distribution of electric power in Saudi Arabia has signed a US$900 million loan agreement with the Export-Import Bank of Korea (KEXIM) and other international lenders for the financing of Shuqaiq Steam Power Plant.
Saudi Total, a joint venture between Zahid Group and Total, has announced the appointment of Hisham Atalla as General Manager.
Saudi Arabia's International Company for Water & Power Projects (ACWA Power) has announced the closing of the Powervest Fund with commitments of SR596 million ($159 million).