The projects are part of Saudi Arabia’s Vision 2030, including ambitions to achieve an energy mix of 50% renewables by 2030.

In an exclusive interview with pv magazine, ACWA Power CEO Marco Arcelli said the Saudi energy giant is currently exploring ...

Saudi Arabia renewable energy firm ACWA Power has signed a 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) to develop, build, own, and operate a 2GW wind ...

Riyadh: The Saudi Electricity Company (SEC) and ACWA Power have announced the signing of a Power Purchase Agreement (PPA) for the Qurayyah Independent Power Plant (IPP) Expansion Project with the ...

However, strategic foreign investors are not permitted to own shares or convertible debt instruments in these companies. The approved controls enable non-Saudi investors to benefit from the economic ...

Saudi Minister of Energy Prince Abdulaziz bin Salman said that five Saudi projects in the fields of renewable energy spanning ...

France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.

BYD has signed contracts with Saudi Electricity Company to deliver 12.5GWh of BESS equipment for the five energy storage ...

Following a report in January, BYD has now officially secured the 12.5 GWh battery energy storage system (BESS) supply deal.

Recently, BYD Energy Storage and Saudi Electricity Company successfully signed the world's largest grid-scale energy storage projects contracts with a capacity of 12.5GWh at the time. Combined with ...

Umm Al Qura for Development & Construction Co., backed by Saudi Arabia’s sovereign wealth fund, is seeking to raise as much ...