ACWA Power, EBRD sign pact for Renewable Energy Infra Projects Updated On Tue, Nov 1st, 2022 by Saurenergy Key Saudi Arabian power generator and RE player ACWA Power Company has announced that it has signed a Memorandum of Understanding to finance sustainable infrastructure projects with the European Bank for Reconstruction and Development (EBRD). The pact was announced on the side lines of the Future Investment Initiative Forum, which took place in Riyadh. The […] Read more
Masdar Opens New Office in Saudi Arabia With Focus On Renewable Projects Updated On Mon, Oct 31st, 2022 by Saurenergy Renewable energy major Masdar had opened a new dedicated office in the Saudi Arabia to strengthen its support for the Kingdom’s clean energy objectives. Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co. (SPPC) for wind and solar projects with a combined capacity of 3.3 […] Read more
Saudi Arabia Sets Sights on Building Five Renewable Energy Projects Updated On Mon, Sep 26th, 2022 by Saurenergy The Kingdom of Saudi Arabia is building five new projects for the production of renewable electricity. As per reports, the total capacity of the combined five RE projects will be 3,300 MW. The Saudi Power Procurement Company (SPPC) had announced recently that solar and wind sources will be employed to generate electricity. The company has […] Read more
New Fitch Report Says Saudi Arabia Solar Power Expansion To Reach 5.1 GW By 2031 Updated On Wed, Jun 22nd, 2022 by Saurenergy Fitch Solutions has come up with a fresh report stating that the solar power capacity of Saudi Arabia might grow to more than 5.1 GW between 2022 and 2031. The solar expansion holds massive potential given the long-term power sector plans and policy support from the Saudi Arabia government. The report also said that Saudi […] Read more
Aramco To Generate 12 GW Wind And Solar Power By 2035 Updated On Fri, Jun 17th, 2022 by Saurenergy Saudi oil conglomerate Aramco has announced that it will be aiming for 12 GW of solar and wind capacity by 2035. Aramco also wants to generate 11 million tonnes of blue ammonia by the end of this decade that will employ 1.93 million tonnes of blue hydrogen. Blue hydrogen is hydrogen made from oil but […] Read more
LONGi gets contract to supply 400MW of solar modules for Saudi Arabia project Updated On Tue, Jun 14th, 2022 by Saurenergy Global Chinese manufacturer LONGi has been awarded a module supply contract for the 400MW (DC) Rabigh Solar PV IPP project in Saudi Arabia. The contract is realized through its EPC contractor, China Energy Engineering Group, Guangdong Power Engineering Company (GPEC). The announcement was made at a ceremony attended by LONGi and its partner GTek Solar […] Read more
MA’ADEN, GlassPoint sign pact to develop world’s largest solarized steam plant Updated On Mon, Jun 6th, 2022 by Saurenergy Saudi Arabian Mining Company or MA’ADEN which is the country’s national mining champion has signed a MoU with the US based GlassPoint to develop the world’s largest solar process heat plant at MA’ADEN Alumina refinery. GlassPoint claims to be a leader in industrial solar steam. The official statement of the companies holds that when complete, […] Read more
Saudi Arabia will Purchase Up to 100,000 Electric Vehicles from Lucid Group Updated On Thu, Apr 28th, 2022 by Saurenergy America’s electric vehicle manufacturer Lucid Group has announced that it has signed an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period. Saudi Arabia has made an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 […] Read more
Saudi Arabia Signs PPA Contracts for Solar Power Deals Worth $665 Million Updated On Wed, Mar 9th, 2022 by Saurenergy The Kingdom of Saudi Arabia is bullish on raising the renewable share in its energy mix as it has awarded contracts for two new solar power projects. These projects will make a combined capacity of one gigawatt. Saudi Arabia is world’s largest oil exporter but has a huge target to add 60GW of solar power to […] Read more
