Dubai Electricity and Water Authority (DEWA) concluded 2025 with a major milestone in Dubai’s clean energy journey, adding 1,000MW of clean energy production capacity. This achievement is part of the progress in the 1,800MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, reflecting DEWA’s commitment to accelerating renewable energy projects in line with the highest international standards. DEWA’s efforts to expand clean energy capacity continue. In 2025, it tendered for the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, while the remaining 800MW of the sixth phase is scheduled to come online by Q4…
Author: Chitrika
CATL opened the Middle East’s first and currently the largest new energy aftermarket facility outside China—the NING SERVICE Experience Center in Riyadh—strengthening its after-sales presence in the Middle East and supporting the region’s shift toward cleaner energy systems. The opening comes as Saudi Arabia and the wider Middle East advance ambitious electrification and decarbonization goals under Vision 2030 and similar national initiatives. Taking Saudi Arabia as an example, the Kingdom has set a goal to transition 30% of all vehicles in Riyadh to electric by 2030, as part of a larger strategy to reduce emissions in the capital city by…
Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has signed a Power Purchase Agreement (PPA) for the 150-megawatt (MW) Quipungo Solar Photovoltaic project in Angola, marking Masdar’s first PPA in the country. The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500MW renewable energy programme across three sites that will strengthen Angola’s southern power grid and support the country’s sustainable development objectives. The agreement was signed with the state-owned offtaker Rede Nacional de Transporte de Electricidade (RNT-EP). It was signed on behalf of Masdar by Abdulaziz Alobadli, Chief Operating Officer,…
The Egyptian Cabinet Presidency recently announced the signing of a 30-year renewable energy purchase agreement by Renaissance Industries. The Cabinet said in a social media post that, under the agreement, Ersk will establish and operate a solar power plant to supply the Renaissance Cement factory with clean energy. Under the agreement, Al Nahda Cement Company will purchase electricity generated from renewable sources under a 30-year Public-Private Partnership (PPP) arrangement with Cobalt, a subsidiary of the Ersk Group. As per the contract terms, Cobalt will conduct technical studies, secure financing, and construct and operate a 27 MW solar power plant to…
JA Solar signed a module supply agreement with Larsen & Toubro (L&T), the EPC contractor for the Samarkand 1 and 2 Solar PV Power Plants in Uzbekistan. JA Solar said in a press release that it will supply all of the photovoltaic modules for the two utility-scale projects. The Samarkand 1 & 2 projects, developed by ACWA Power, will have a combined capacity of 1.2 GWp and are located in the Samarkand region. Once operational, they are expected to generate enough electricity to power 600,000 households, offsetting 1.4 million tons of CO₂ emissions annually. The projects support Uzbekistan’s national target of…
Trinasolar, a global leader in smart PV and energy storage solutions, is accelerating its presence in Saudi Arabia through collaborations with ACWA Power, a private water desalination company. These partnerships aim to support Trinasolar’s Vision 2030 by delivering utility-scale solar projects, expanding local manufacturing, and delivering high-performance technologies across the Kingdom. Under the Kingdom’s National Renewable Energy Program, Trinasolar is supplying 900 MW of its Vanguard 1P smart trackers to the Al Khushaybi PV Project—one of three solar developments led by ACWA Power. This marks TrinaSolar’s first local content-compliant tracker deployment in the Kingdom. Trinasolar is deploying its high-efficiency Vertex…
Advanced Engineering Consultancy (ADVEC), an energy engineering consultancy and project management, signed two strategic agreements with Green Energy Solutions, the main developer of the energy system within Tarboul Industrial City, one of the world’s largest industrial cities in terms of land area, investment volume, and advanced infrastructure.These agreements come as part of ADVEC’s strategy to strengthen its role in supporting Egypt’s industrial development and sustainable energy plans through the provision of innovative engineering and consultancy solutions. The aim is to develop integrated projects based on the latest technologies and international standards, contributing to improved energy efficiency, encouraging innovation, and building…
ACWA Power, a private water desalination company, a leader in the energy transition and a first mover into green hydrogen, has completed the refinancing of the Rabigh 3 Independent Water Project (IWP). In a press release, ACWA said the refinancing was executed through a capital-markets-led approach, anchored by the issuance of a long-term senior secured project bond that achieved a high investment-grade credit rating from one of the top global rating agencies. Rabigh 3, Saudi Arabia’s 600,000 m³/day seawater reverse osmosis desalination plant serving the Makkah region has delivered strong performance, with availability levels exceeding 99%, reinforcing its importance to…
Saeta Yield, a Masdar company, has successfully closed the €340 million refinancing of clean energy assets in Portugal and has secured a €200 million RCF in Spain, as it looks to grow its project footprint and execute its expansion strategy. The debt refinancing comprises €340 million of senior loan facilities, maturing at the end of 2041. The refinancing was heavily oversubscribed, reflecting strong support from the market and confidence in Saeta Yield’s growth strategy and capabilities. Participating financial institutions include ING, which also acted as financial advisor, Bank of America, BBVA, Crédit Agricole CIB, DWS, and Millennium Investment Banking. Saeta…
IFC has recently partnered with AMEA Power, a renewable energy developer, and Kyuden International Corporation of Japan to build a large-scale solar power plant and battery energy storage system (BESS). IFC said while sharing project details in a press release, about leading the $571.8 million debt package. The package would include funds from its own account. Additionally, it also told about mobilizing funds from partners to the project company, Abydos For Renewable Energy, to finance the construction and operation of Abydos II, a 1,000-megawatt solar PV power plant with an integrated 600-megawatt-hour (MWh) battery energy storage system. Abydos II will be…