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Chinese PV Industry Brief: Energy China secures 5 GW EPC deal in Saudi Arabia Energy China has signed three EPC contracts worth $2.7 billion for 5 GW of wind and solar projects in Saudi Arabia with partners including PIF and Aramco Power.
Vincent Shaw
Oct 17, 2025
1
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Chinese PV Industry Brief: Energy China, PowerChina win Saudi EPC deals Energy China and PowerChina have secured $4.3 billion of engineering, procurement, and construction (EPC) contracts for gigawatt-scale wind and solar projects in Saudi Arabia.
Vincent Shaw
Oct 24, 2025
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ACWA Power
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Saudi Arabia secures financing for 15 GW of new solar and wind capacity A consortium led by Acwa Power, Water and Electricity Holding Co. (Badeel) and Saudi Aramco Power Co. has secured a $5.9 billion senior debt facility for seven Saudi Arabia renewable energy projects totaling 15 GW across solar and wind.
Patrick Jowett
Dec 01, 2025
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Solar key to space-based AI Elon Musk, the CEO of both Tesla and SpaceX, raised some eyebrows at this year’s World Economic Forum (WEF) in Davos, Switzerland, when he predicted “that the lowest cost place to put AI will be space and that will be true within two to three years, three at the latest.” pv magazine reported on Musk’s vision on our global website www.pv-magazine.com on Jan. 26, 2026, and exactly one week later SpaceX announced that it was acquiring xAI “to form the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications, and the world’s foremost real-time information and free speech platform.”
Eckhart Gouras
Mar 23, 2026
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Three realities for MENA storage The energy storage sector in the Middle East and North Africa (MENA) region is shaped by three distinct realities, each driven by vastly different economic, political, and social forces. These include capital-rich mega-projects, commercial sectors grappling with fossil fuel subsidy reforms, and conflict-affected nations where offgrid power is a matter of survival.
pv magazine
Apr 02, 2026
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Saudi Aramco turns to PV to 'displace hydrocarbons' from electricity generation The world’s biggest energy company Saudia Aramco has turned to PV as a key technology to reduce its power consumption at its “nonindustrial” facilities. The company has indicated the move will “displace hydrocarbons that could be better utilized within the Kingdom [of Saudi Arabia] or even exported.”
pv magazine
Mar 18, 2015
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Press Release
Consortium of ACWA Power, PIF Subsidiary “Badeel”, and Aramco subsidiary ‘SAPCO’ reach financial close for Al Shuaibah 1 and Al Shuaibah 2 solar PV projects ACWA Power, the Water and Electricity Holding Company (Badeel), wholly owned by Public Investment Fund (PIF), and Saudi Aramco Power Company (SAPCO), a wholly owned subsidiary of Aramco, are pleased to announce the successful financial close of Al Shuaibah 1 and Al Shuaibah 2 solar PV projects which will generate an aggregate capacity over 2.6GW of clean electricity for Saudi Arabia.
Emiliano Bellini
Aug 22, 2023
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Saudi ARAMCO's KAPSARC solar project to receive Canadian Solar modules The Chinese solar company will supply 1.78 MW of modules for the project, which is owned by one of the world’s largest producers of crude oil.
pv magazine
Oct 21, 2013
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The Hydrogen Stream: Siemens targets $1.50/kg by 2025, BP and Saudi Aramco bet on blue hydrogen The German company expects to roll out its in-house proton exchange membrane (PEM) electrolysis technology to implement a gigawatt production of electrolyzers. BP partners with UK gas distributor Northern Gas Networks (NGN) to develop blue hydrogen and Saudi Aramco teams up with Hyundai Heavy Industries to do the same. Italy’s Snam wants to build hydrogen projects in the United Arab Emirates.
Sergio Matalucci
Mar 26, 2021
20
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Webinar
Webinar+ | The Solar Module Market Playbook: managing pricing, risks, and other procurement challenges Webinar+ | The Solar Module Market Playbook: managing pricing, risks, and other procurement challenges
pv magazine
28 Jan 2026 3:00 pm
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