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%.
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)