Conventional Power Generation

Air Products and Acwa Power to Develop $5bn Green Hydrogen Plant in Saudi Arabia

In a groundbreaking collaboration, US-based Air Products and local powerhouse Acwa Power have formalized their commitment to develop a colossal $5bn hydrogen-based ammonia plant in Saudi Arabia. The memorandum of understanding (MoU) signed between the two entities marks a significant step toward the realization of this ambitious project, set to be situated within the $500bn Neom development on the Red Sea Coast—a key megaproject under the Kingd...
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Oman Commits to 1GW Manah Solar Projects

Oman Power & Water Procurement Company (OPWP) is steadfast in its commitment to advance the ambitious Manah photovoltaic (PV) solar independent power producer (IPP) projects, with plans to issue tender documents for the 500-600MW Manah 1 and Manah 2 projects in July. Pressing Forward Despite Challenges Despite initial delays attributed to the global impact of the Covid-19 pandemic, OPWP is now gearing up to propel the Manah PV IPPs forward. T...
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Saudi Arabia Prepares to Announce World Record Solar Tariff Project

In a significant move toward sustainable energy, Saudi Arabia is gearing up to unveil a groundbreaking solar project boasting a world-record low tariff. The revelation comes from Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, who made the announcement during a virtual conference organized by the kingdom’s Future Investment Initiative Institute (FII-I). Advancing Solar Innovation Prince Abdulaziz expressed confidence that the...
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Acwa Power Reaches Financial Close for Dubai 900MW Solar Project

In a significant milestone for sustainable energy, the consortium led by Saudi Arabia’s Acwa Power has successfully achieved financial close for the planned $564m 900MW fifth phase of the Mohammed bin Rashid al-Maktoum solar park in Dubai. The consortium, demonstrating resilience amid challenges, signed all the project finance agreements with nine lenders, solidifying the project’s financial foundation. This solar endeavor initially g...
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