April 13, 2019

Saudi Arabia’s 1.5 GW tender attracted more than 250 companies

More than 100 domestic companies are reportedly in the running for a seven-project portfolio that is expected to generate around $1.5 billion of investment – and they will fancy their chances against overseas developers.
April 13, 2019

Phase IV of 5 GW Mohammed bin Rashid Al Maktoum Solar Park reaches financial close

Phase IV of the huge solar park includes a 700 MW CSP plant and a 250 MW PV facility. Funds for the $4.2 billion project will be provided by banks from the United Arab Emirates and China, as well as other international lenders.
April 13, 2019

Saudi Arabia plans 2.6 GW solar park near Mecca

The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Only 600 MW of the project will be tendered by the REPDO, while the remaining 2 GW will be built by the country’s Public Investment Fund along with its partners.
April 13, 2019

ACWA triumphs again in Middle Eastern tendering exercise

With no details reported on the final electricity price agreed for a 500 MW solar project to be built in Oman, speculation will center on whether the victorious Saudi power company and its Kuwaiti partners have again trumped lower offers from overseas rivals.