Tag: saudi arabia

Saudi Arabia launches 3.3 GW renewables tender

Saudi Power Procurement Co. (SPPC) has issued a tender for the deployment of 3.3 GW of renewable energy capacity. The Saudi government plans to construct two solar parks with a combined capacity of 1.5 GW and two wind power facilities with a combined capacity of 1.8 GW.

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Aramco plans to generate 12 GW of renewable energy by 2030

Aramco, the largest oil company in Saudi Arabia, plans to generate 12 GW of renewable energy by 2030. The company stated in its most recent sustainability report that it intends to decarbonize the power supply for Aramco’s operations by allocating the renewable energy credits from the investments. Reportedly, Saudi Arabia has a lot of potential for using solar energy because it receives over 300 days of sunlight annually.

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ACWA-led consortium secures loan for Red Sea renewable power project

A consortium of developers led by ACWA Power has secured financing for the massive Red Sea tourism project, on the west coast of Saudi Arabia, which is set to feature a 320 MW solar array and a 1.3 GWh off-grid battery. The project has reached financial close securing a $1.3 billion debt facility. The $1.302 billion senior debt facilities have been secured by ACWA Power, SPIC Huanghe Hydropower Development Company, and Saudi Tabreed Cooling Company.

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Saudi Arabia shortlists five companies in its 1.2 GW solar tender

Under Category A, ACWA Power and Alfanar company have been shortlisted for the 80 MW Layla project while TOTAL solar INTL and ACWA Power have been shortlisted for the 120 MW Wadi Al Dawasir solar project. Meanwhile, under Category B, Jinko Power and Abu Dhabhi Future Energy Company have been shortlisted for the 300 MW Saad project and ACWA Power and Jinko Power have been shortlisted for the 700 MW Ar Rass projects.

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EDF and Masdar commission the first wind farm in Saudi Arabia

The 400MW Dumat Al Jandal project, Saudi Arabia’s first and largest wind farm, is now linked to the grid and producing electricity, according to developers EDF Renewables and Masdar. Vestas’ V150-4.0/4.2 wind turbines, each capable of generating 4.2MW to the grid, are used in the 400MW project.

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Saudia Arabia receives bids for 10 PV solar projects

The renewable energy project development office (REPDO) in Saudi Arabia is progressing forward with plans for the fourth and fifth stages of its ambitious renewable energy programme. The Saudi Ministry of Energy has received proposals from financial services companies for two transaction advisory contracts on 10 photovoltaic (PV) solar projects that will be constructed under the Public Investment Funds (PIF) clean energy initiative.

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PHV opens solar manufacturing unit in Saudi Arabia

Spanish solar tracker and mounting systems manufacturer PV Hardware (PVH) announced the launch of its manufacturing facility in Saudi Arabia. The factory will be owned and operated by the company’s Saudi unit, PV Hardware Middle East, and will produce PV trackers, mounting structures, and robotic cleaning devices. The products will be marked as ‘Made in KSA’ in line with the rules for domestic content recently outlined by the country’s government.

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Government auctions to drive Saudi renewables growth

Saudi Arabia’s solar and wind power capacity will expand exponentially from a low base over the next decade, driven by private investment through contracts awarded at auction-style tenders under REDPO’s National Renewable Energy Program. Despite this growth, the country’s overcapacity will slow renewables deployment.

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