India’s Larsen & Toubro (L&T) has awarded a contract to Spain-headquartered PVH to supply solar trackers for the world’s largest green hydrogen project in NEOM, Saudi Arabia. The plant, owned by NEOM Green Hydrogen Co (NGHC), is located at Oxagon within NEOM. NGHC is an equally owned joint venture between ACWA Power, NEOM, and US-based Air […]
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Saudi: ACWA Power signs $1.5 billion project deal in Kazakhstan
Saudi Arabia’s ACWA Power has signed a roadmap agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, the country’s Investment Development Fund, for a major wind energy and battery storage project, according to a press statement from the company. The agreement paves the way for the construction of a 1GW project in Kazakhstan, marking […]
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Masdar submits lowest bid for Dubai’s mega solar plant
Masdar has submitted the lowest bid of $1.62154 cents per kilowatt hour (kWh) for the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Dubai Electricity and Water Authority (DEWA), the main off-taker, received bids from Saudi Arabia’s ACWA Power and Abu Dhabi’s Masdar. This phase of the solar plant […]
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ACWA Power unveils massive solar-powered desalination plant in Jubail
ACWA Power, in partnership with Gulf Investment Corporation (GIC) and AlBawani Water & Power Company (AWP), has successfully launched the groundbreaking Jubail 3A independent water desalination plant, known as Jazlah Water Desalination Company. This significant achievement comes after the plant received the commercial operation certificate from Saudi Water Partnership Co. (SWPC), marking the official start […]
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ACWA Power submits lowest tariff for major Dubai desalination plant
ACWA Power has submitted the lowest water levelized tariff of $0.389 per cubic meter for the Hassyan Sea Water Reverse Osmosis (SWRO) Plant in Dubai. The company submitted a Base Proposal of 120 Million Gallons per Day (MIGD) $0.365 per cubic meter for the Alternative Proposal of 180 MIGD for the plant. The project is […]
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NEOM JV signs deals for $8.4 billion green hydrogen facility
Saudi Arabia’s NEOM Green Hydrogen Co (NGHC), a joint venture between ACWA Power, Air Products and NEOM, has secured a financial close on a green hydrogen production facility at a total investment value of $8.4 billion. The financing agreements were signed with 23 local, regional, and international banks, and investment firms, the JV said in […]
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ACWA Power secures $3.25 billion deals for massive Saudi solar projects
ACWA Power has secured three power purchase agreements (PPAs) valued at $3.25 billion for three large-scale photovoltaic (PV) solar plants. The combined capacity of the three projects will be 4.55 GW, providing renewable energy to around 750,000 households. The projects, named Ar Rass 2, Saad 2, and Alkahfah, are located in the central and northern […]
Posted inEnergy Transition
Saudi ACWA Power to sign $2.4 billion wind project deal in Uzbekistan
Upon completion, the project would be the biggest single site onshore wind project in the region
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ACWA Power, POSCO Holdings sign MoU to explore production of green hydrogen and ammonia
ACWA Power is at the forefront of scaling up green hydrogen, whose output—ammonia—will lead to the outcome of decarbonising entire industries, senior executive says
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ACWA Power, EWEC announce the start of operations for the first phase of Al Taweelah IWP
ACWA Power is the lead developer and operator of the project and a 40% shareholder, with the remaining 60% is contributed by the Government of Abu Dhabi
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