ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country’s first battery energy storage system manufacturing facility. The project combines ZOE’s advanced ESS technology with local production, directly supporting Saudi Vision 2030 and reshaping the clean energy landscape in the Middle East and beyond.The facility will be built in two phases: Phase I (6GWh) is set to begin production in Q1 2027. Phase II will expand capacity to 18GWh, filling a major gap in large-scale storage localization and ending the Kingdom’s dependence on imports. Once operational, the base will help Saudi Arabia meet its…
Author: Chitrika
Envision Energy, a global leader in green technology, has partnered with Menderes Tekstil, an Akca Holding company, on the 120MW Beğendik wind power project in Edirne Province, Turkiye. The two companies also signed a Strategic Cooperation Agreement at Envision Tech Day held alongside the Turkish Wind Energy Congress, elevating their relationship from project-based collaboration to a long-term strategic partnership.As one of Envision’s flagship projects in the country, Beğendik demonstrates how global clean technology expertise and local industrial leadership can work together to accelerate the transition of traditional industries, while reinforcing Envision’s long-term commitment to Turkiye’s renewable energy development and broader…
JinkoSolar, a global solar and energy storage system (ESS) supplier, has signed a supply agreement for 2 GW of PV modules with Masdar, a global clean energy leader. In a press release, JinkoSolar said it will supply its Tiger Neo series modules for the gigascale round-the-clock (RTC) renewable energy project in Abu Dhabi.The project was initially launched in January 2025, jointly with Masdar and Emirates Water and Electricity Company (EWEC). It integrates a 5.2 GW solar photovoltaic (PV) plant with a 19 gigawatt-hour (GWh) battery energy storage system (BESS). The RTC project is the world’s first gigascale renewable energy project…
Saudi-listed Acwa, a private water desalination company has signed USD 226 million of financing agreements for the Bash II 300 megawatts (MW) Wind Farm in Uzbekistan at the 2026 Asian Development Bank (ADB) Annual Meeting. The agreements were executed with three leading international lenders, including the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and Standard Chartered Bank (SCB). The total USD 226 million in senior debt financing represents more than two-thirds of the project’s total cost. The financing package reflects strong lender confidence in Uzbekistan’s power sector reforms, the project’s economics, and Acwa’s delivery record across Central…
The Australian Government has approved 10 new renewable energy and battery projects for Western Australia. These projects collectively deliver around 1.886 gigawatts (GW) of new renewable electricity generation and about 3.683 gigawatt-hours (GWh) of standalone battery storage capacity. The projects will add generation and storage to the state’s Wholesale Electricity Market (WEM), helping keep power reliable as older generators retire and electricity demand grows. The Assistant Minister for Climate Change and Energy has awarded Tenders 5 and 6 under the Capacity Investment Scheme (CIS). These projects will add generation and storage to the state’s Wholesale Electricity Market (WEM), helping keep…
EWEC (Emirates Water and Electricity Company), an integrated planning, purchasing, supply, and system dispatch services of water and electricity across the UAE, entered a Collaboration Framework Agreement (CFA) with Abu Dhabi Future Energy Company PJSC – Masdar. Masdar agreed to establish a roadmap for the accelerated deployment of utility-scale renewable energy projects. The agreement would support the UAE’s diversification of its energy mix and strengthen security of supply, and power local industrial growth. This framework is designed to maximise In-Country Value and foster Emirati talent and expertise. The CFA was signed by Ahmed Ali Alshamsi, Chief Executive Officer of EWEC, and…
The Asian Development Bank (ADB) has signed a $116 million financing package with Acwa to support the development, construction, operation, and transfer of a 300-megawatt (MW) wind power plant. The plant is located in Uzbekistan’s Bukhara region, further accelerating the country’s transition to renewable energy. In a press release, ADB has financed several of Acwa’s renewable energy projects in Uzbekistan, including the 500-MW Bash and 500-MW Dzhankeldy wind power projects, the 200-MW Nukus 2 Wind and Battery Energy Storage Project, and the Samarkand 1 and 2 Solar PV and BESS Projects. The financing comprises loans of $50 million from ADB’s…
In a move reflecting the rapid transformation of Egypt’s energy market toward sustainable solutions, Eco Solutions entered into a partnership with China’s GoodWe Group an inverter systems and energy storage batteries manufacturer. Eco Solutions, a solar energy and environmental solutions manufacturer, under this agreement, becomes the officially authorized commercial partner for GoodWe’s products in Egypt.This partnership aims to deliver solar inverters and energy storage solutions in Egypt and it comes at a pivotal time, as Egypt’s energy sector is witnessing growing demand for alternative solutions, driven by rising conventional energy costs and the government’s direction toward increasing the share of…
TotalEnergies has taken the Final Investment Decision and secured financing for the Mirny onshore wind and Battery Energy Storage System (BESS) project in Kazakhstan. In a press release, TotalEnergies said its project, located in the southeast of the country, Mirny, should generate 100 TWh of renewable electricity over 25 years, enough to supply about 1 million people in Kazakhstan. The electricity produced will be sold to the Government of Kazakhstan under a 25-year Power Purchase Agreement (PPA) signed in 2023. The project’s investment amounts to $1.2 billion, with about 75% externally financed. A flagship project for Kazakhstan The Mirny project…
The Saudi Power Procurement Company (Principal Buyer), under the supervision of the Ministry of Energy, has commenced the qualification process for the second group of Battery Energy Storage System (BESS) projects, consisting of a total of six projects. Each project will be developed under a build-own-operate (BOO) model, with the winning consortium holding 100% equity in the special purpose vehicle (SPV) established to develop and operate the Independent Storage Provider (ISP) project. Each SPV will enter into a Storage Services Agreement with the Principal Buyer. Scope of Work The combined capacity of the Group 2 BESS projects is 3,000 MW,…