The agreement with EDB is set to advance Yellow Door Energy’s solar initiatives, covering over 60 new projects. (Image Credit/Source: mrganso/Pixabay)
ACWA Power has commenced commercial operations at the 600 MW Al Shuaibah 1 solar plant, which received its commercial operation certificate from the Saudi Power Procurement Company (SPPC). The financial impact of this operation is expected to be reflected in the fourth quarter of 2024. In August 2023, a consortium consisting of ACWA Power, Water and Electricity Holding Company (Badeel), and Saudi Aramco announced the financial closure of both Al Shuaibah 1 and 2 Independent Water and Power Projects (IWPPs), totaling a combined capacity exceeding 2.6 GW. SPPC, as the principal buyer, manages project tendering and power procurement. The ownership of Al Shuaibah 1 and 2 is divided, with ACWA Power holding 35.01%, Badeel 34.99%, and Aramco 30%.
Backed by Riyadh Bank and APICORP, Jinko Power’s Tabarjal solar project is set to begin construction in AlJouf Province. (Image Source:Jinko Power)
The project, developed under an EPC contract with NHDC, leverages adaptive mooring systems and floating inverter technology. (Image Credit/Source: Pixabay/Pexels)
Shafag Solar Plant will cut 330,000 tons of CO₂ emissions and save 150 million cubic meters of gas yearly. (Image Source: Ministry Of Energy of The Republic of Azerbhaijan)
CHN Energy’s 1 GW project in Shandong spans 1,223 hectares with 2,934 solar platforms. (Image Source: CHN ENERGY)