Company Insights Acwa Power Energy Acwa Power News Analysis Energy Sunny times ahead for Gulf’s solar market Developers are making the most of an expanding pool of public tenders for the Gulf’s solar market, with the UAE and Saudi Arabia leading the way. Experts said the sector was in a healthy state despite the coronavirus pandemic and war in Ukraine curbing development, compounded further by the global spike in inflation during 2022. […] February 20, 2023 Energy PIF acquires 30% stake in Saudi district cooling firm Saudi Arabia’s Public Investment Fund has acquired a 30 percent stake in the Saudi Tabreed District Cooling Company, a provider of sustainable district cooling schemes in the kingdom. The investment supports PIF’s efforts to grow and develop the local utilities and low-carbon sectors, the sovereign wealth fund said in a statement. PIF’s $5.5bn green bond […] February 13, 2023 Energy Acwa Power to develop green energy projects in Azerbaijan Saudi-listed Acwa Power has finalised four separate agreements to develop new renewable energy projects in Azerbaijan. The company has signed key implementation deals with the Ministry of Energy and a cooperation agreement with the State Oil Company of Azerbaijan Republic (Socar), it said in a statement. Acwa Power’s new MoU with Azerbaijan’s Ministry of Energy involves […] February 10, 2023 Energy Licence issued for world’s largest green hydrogen plant in Saudi The first industrial operating licence has been issued for Neom Green Hydrogen Company (NGHC), which aims to run the world’s largest production facility of its kind. Saudi Arabia’s Ministry of Industry and Mineral Resources announced on Wednesday that the licence has been granted to NGHC, a joint venture between Neom, Acwa Power and Air Products. […] February 1, 2023 Analysis Economic success for Menap hinges on greater regional trade Many countries in the Middle East, North Africa, Afghanistan and Pakistan (Menap) region are enjoying growth, but new research has found that intra-regional exports account for only 2.9 percent of total gross domestic product. This compares to a global average of 7.9 percent, and 22 percent across the European Union (EU), Norway, Switzerland and the […] January 24, 2023 Opinion Energy There’s no quick fix on energy. At PIF, we’re just getting on with it The Saudi sovereign wealth fund's head of energy and utilities explains why the transition to renewables is coming, but can't happen overnight – and why electric cars are older than you think January 9, 2023 Energy Clean energy makes up 14% of Dubai’s total power production The production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP), state-run WAM news agency reported. This makes up about 14 percent of the Emirate’s total power production capacity of 14,517MW, said Saeed Mohammed Al Tayer, chief executive officer CEO of Dubai Electricity […] January 2, 2023 Opinion Sustainability Private sector innovation will save our natural environment While politicians talk about curbing emissions, private sector innovations are actively driving the transition to renewable energy December 29, 2022 Energy ACWA Power signs $2.4bn wind farm deal in Uzbekistan Saudi-listed ACWA Power has signed a power acquisition deal with the National Electric Grid of Uzbekistan to build three wind power plants in the country. According to a bourse filing to the Tadawul exchange, the $2.4 billion Kungrad wind farm project in the north-western Karakalpakstan district of Uzbekistan, will be implemented through special purpose vehicles. […] December 27, 2022 Banking & Finance Saudi’s Neom signs agreements to fund green hydrogen project Neom Green Hydrogen Company (NGHC) has signed facility agreements with local, regional and international banks and completed a commitment letter with the Saudi Industrial Development Fund (SIDF) for the $5 billion green hydrogen production facility in the Neom mega project. The financing for the world’s largest green hydrogen production facility is structured with significant participation […] December 19, 2022 Posts navigation Previous 1 … 11 12 13 14 Next
Analysis Energy Sunny times ahead for Gulf’s solar market Developers are making the most of an expanding pool of public tenders for the Gulf’s solar market, with the UAE and Saudi Arabia leading the way. Experts said the sector was in a healthy state despite the coronavirus pandemic and war in Ukraine curbing development, compounded further by the global spike in inflation during 2022. […] February 20, 2023
Energy PIF acquires 30% stake in Saudi district cooling firm Saudi Arabia’s Public Investment Fund has acquired a 30 percent stake in the Saudi Tabreed District Cooling Company, a provider of sustainable district cooling schemes in the kingdom. The investment supports PIF’s efforts to grow and develop the local utilities and low-carbon sectors, the sovereign wealth fund said in a statement. PIF’s $5.5bn green bond […] February 13, 2023
Energy Acwa Power to develop green energy projects in Azerbaijan Saudi-listed Acwa Power has finalised four separate agreements to develop new renewable energy projects in Azerbaijan. The company has signed key implementation deals with the Ministry of Energy and a cooperation agreement with the State Oil Company of Azerbaijan Republic (Socar), it said in a statement. Acwa Power’s new MoU with Azerbaijan’s Ministry of Energy involves […] February 10, 2023
Energy Licence issued for world’s largest green hydrogen plant in Saudi The first industrial operating licence has been issued for Neom Green Hydrogen Company (NGHC), which aims to run the world’s largest production facility of its kind. Saudi Arabia’s Ministry of Industry and Mineral Resources announced on Wednesday that the licence has been granted to NGHC, a joint venture between Neom, Acwa Power and Air Products. […] February 1, 2023
Analysis Economic success for Menap hinges on greater regional trade Many countries in the Middle East, North Africa, Afghanistan and Pakistan (Menap) region are enjoying growth, but new research has found that intra-regional exports account for only 2.9 percent of total gross domestic product. This compares to a global average of 7.9 percent, and 22 percent across the European Union (EU), Norway, Switzerland and the […] January 24, 2023
Opinion Energy There’s no quick fix on energy. At PIF, we’re just getting on with it The Saudi sovereign wealth fund's head of energy and utilities explains why the transition to renewables is coming, but can't happen overnight – and why electric cars are older than you think January 9, 2023
Energy Clean energy makes up 14% of Dubai’s total power production The production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP), state-run WAM news agency reported. This makes up about 14 percent of the Emirate’s total power production capacity of 14,517MW, said Saeed Mohammed Al Tayer, chief executive officer CEO of Dubai Electricity […] January 2, 2023
Opinion Sustainability Private sector innovation will save our natural environment While politicians talk about curbing emissions, private sector innovations are actively driving the transition to renewable energy December 29, 2022
Energy ACWA Power signs $2.4bn wind farm deal in Uzbekistan Saudi-listed ACWA Power has signed a power acquisition deal with the National Electric Grid of Uzbekistan to build three wind power plants in the country. According to a bourse filing to the Tadawul exchange, the $2.4 billion Kungrad wind farm project in the north-western Karakalpakstan district of Uzbekistan, will be implemented through special purpose vehicles. […] December 27, 2022
Banking & Finance Saudi’s Neom signs agreements to fund green hydrogen project Neom Green Hydrogen Company (NGHC) has signed facility agreements with local, regional and international banks and completed a commitment letter with the Saudi Industrial Development Fund (SIDF) for the $5 billion green hydrogen production facility in the Neom mega project. The financing for the world’s largest green hydrogen production facility is structured with significant participation […] December 19, 2022
