Egyptian solar set to expand beyond the massive 1.8 GW Benban PV project
In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country’s solar potential, and premium prices for gas exports make the case for a more diverse energy mix. A nation with grand renewables targets – but slow installation rates – may finally be weaning itself off fossil fuel resources.
Saudi Arabia’s Public Investment Fund, ACWA Power invest $3.25 billion in three new solar projects
With a combined capacity of 4.55 GWac, the projects will power some 750,000 households. The Public Investment Fund is mandated to develop 70% of Saudi Arabia’s renewable energy target capacity by 2030.
Weekend Read: Floating the solar dream
Indonesia is a coal-dependent country in which conventional power grids are problematic. The archipelagic nation is turning to floating PV (FPV) to help accelerate its energy transition. Sorta Caroline takes a look at the state of play for water-borne solar and the problems that still need to be overcome.
Dubai solar park hits 1.8 GW of generating capacity
The Dubai Electricity & Water Authority (DEWA) has installed 270 MW of PV panels at the massive Mohammed bin Rashid Al Maktoum project since August, bringing its operational capacity to 1.83 GW.
Dubai solar site still aiming for 5 GW by 2030
The Dubai Electricity and Water Authority (DEWA) has issued an update indicating that the Mohammed bin Rashid Al Maktoum Solar Park is still targeting 5 GW of generation capacity within this decade.
Dewa installs 100 MW of capacity at massive Dubai solar park
The Dubai Electricity and Water Authority installed 514 MW of the fifth 900 MW phase of the 5 GW Mohammed bin Rashid Al Maktoum Solar Park in May.
EBRD to lend $4.8m to back solar, other renewables in Egypt
The European Bank for Reconstruction and Development has agreed to lend up to $4.8 million for investments in renewables in Egypt, including a PV project.
World’s largest off-grid battery project reaches financial close
A consortium of developers led by ACWA Power has secured financing for the Red Sea project, on the west coast of Saudi Arabia, which is set to feature a 320MW solar array and a 1.3GWh off-grid battery.
Oman inaugurates 500MW Ibri 2 solar field
Some 1.5 million bifacial panels make up the power plant in Ad-Dhahirah governorate which was constructed in just 13 months by ACWA Power, the Gulf Investment Corporation and Kuwaiti developer Alternative Energy Projects Co.
Huawei wins major energy storage project contract in Saudi Arabia
Chinese tech giant Huawei Digital Power has signed a contract with China’s SEPCOIII, a construction and engineering company and power plant operator, for a 400 MW PV plus 1300 MWh battery energy storage project in Saudi Arabia. Developed by ACWA Power, with SEPCOIII serving as general contractor and handling EPC services, the Red Sea Project […]
