TAG: "Saudi Arabia"

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ACWA Power Enters China’s Green Energy Market with Strategic Partnerships

ACWA Power enters China’s renewable energy market with USD 312 million investments, partnering with Sungrow Renewables and Mingyang Smart Energy to develop solar and wind projects. These strategic collaborations aim to drive sustainability and expand ACWA Power’s global renewable energy footprint.

Saudi Arabia | January 15, 2025 | By EI News Network | 523

INA Solar Explores Saudi Expansion as Top Officials Visit Advanced Manufacturing Facility

During the visit, extensive discussions were held regarding the establishment of a solar panel manufacturing facility by INA Solar in Saudi Arabia.

Saudi Arabia | December 12, 2024 | By Abha Rustagi | 756

Saudi Arabia to Partner with EU on Green Energy and Clean Technology

The Saudi Arabia and EU are exploring a strategic partnership through an MoU focused on renewable energy, clean technology, and carbon capture, aiming to drive sustainable investments and strengthen global energy transition efforts.

Saudi Arabia | December 02, 2024 | By EI News Network | 1353

ACWA Power Partners with Itochu for Global Renewable Energy Projects

Saudi Arabia’s ACWA Power and Japan’s Itochu Corporation have signed an MoU at COP29 to collaborate on renewable energy and environmental infrastructure, focusing on green hydrogen and water desalination to accelerate global energy transition and sustainability goals.

Saudi Arabia | November 22, 2024 | By EI News Network | 983

ACWA Power Reports Strong Financial Results

ACWA Power reported a 16 percent rise in net profit for the nine months ending September 30, 2024, driven by increased operating income and significant project mobilisation. The company expanded its global portfolio with new agreements in Uzbekistan, Saudi Arabia, and the UAE, further solidifying its role in the energy and water sectors.

Saudi Arabia | November 08, 2024 | By EI News Network | 726

Saudi Arabia Launches 8 GWh Battery Storage Tender to Boost Renewable Energy

Saudi Arabia initiates a 2,000 MW/8,000 MWh battery storage tender with four projects under the build-own-operate model, aiming to enhance grid flexibility and support its Vision 2030 goal of a 50 percent renewable energy share.

Saudi Arabia | November 06, 2024 | By EI News Network | 1121

Saudi’s Desert Technologies to Establish 5 GW Solar Manufacturing Complex in Jeddah

In partnership with Modon, Desert Technologies will invest SAR 750 million to build Saudi Arabia’s largest solar panel and cell manufacturing plant, aiming to localise production, strengthen renewable supply chains.

Saudi Arabia | November 05, 2024 | By EI News Network | 858

IFC Grants USD 240 Million to ACWA Power for Uzbekistan's RE Expansion

IFC’s USD 240 million loan supports ACWA Power's solar and battery projects in Uzbekistan, expected to reduce CO₂ emissions by 1.3 million tons annually. The project aligns with Uzbekistan’s 2030 goal of 40 percent renewable energy generation.

Saudi Arabia | November 01, 2024 | By EI News Network | 752

Saudi Arabia Advances in Hydrogen Exports, Expands Renewable Capacity

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, announced the kingdom’s position as the top producer of green hydrogen, ready for export. At FII 2024, he emphasised ongoing efforts to diversify energy, boost renewables, and strengthen supply chains.

Saudi Arabia | October 30, 2024 | By EI News Network | 750

Saudi Arabia to Manufacture Steel Towers for Wind Energy

Saudi Arabia is set to manufacture steel towers for wind energy systems locally, following agreements with Al-Yamamah Steel Industries and Arabian International Co. This initiative supports Vision 2030 by enhancing renewable energy production and creating local job opportunities.

Saudi Arabia | October 29, 2024 | By EI News Network | 707