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ACWA Power to Raise SAR 7,125 Million Through Rights Issue

ACWA Power has submitted a proposal to Saudi Arabia’s Capital Market Authority to raise SAR 7,125 million (~ USD 1.9 billion) through a rights issue, aiming to fund its increased investment targets for renewable energy projects and global clean energy initiatives.

Public Investment Fund | December 20, 2024 | By EI News Network | 621

Ceer Partners with Rimac for High-Performance EV Drive Systems in Saudi Arabia

Ceer, Saudi Arabia’s first EV brand, has partnered with Rimac Technology to equip its flagship vehicles with advanced Electric Drive Systems, marking Rimac's first large-scale project in the GCC.

Public Investment Fund | November 13, 2024 | By EI News Network | 821

ACWA Power and Partners Secure Financial Close on Solar Projects

Acwa Power, alongside Badeel and Saudi Aramco Power Co., has secured USD 3.2 billion in funding for solar projects in Saudi Arabia. The financing will support the Haden, Muwayh, and Al Khushaybi plants, with a total capacity of 5.5 GW, expected to begin commercial operations in Q1 2027.

Public Investment Fund | October 02, 2024 | By EI News Network | 728

Yingli Solar to Supply 1.25 GW High-Efficiency Panda N-Type TOPCon PV Modules

Under the terms, the company will provide 1.25 GW of their high-efficiency Panda N-type TOPCon PV modules for the Saad 2 PV project.

Public Investment Fund | December 26, 2023 | By News Bureau | 1938

PIF and Hyundai Motor Company Sign JV for New Automotive Manufacturing Plant in Saudi Arabia

The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia.

Public Investment Fund | October 23, 2023 | By News Bureau | 1432