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ACWA

African Development Bank lends $27.2 million for 200 MW solar park in Egypt

The $156.4 million Kom Ombo photovoltaic solar power plant is being developed by Saudi energy giant ACWA Power.

Scatec Solar secured 300 MW of solar capacity in 500 MW Tunisia auction

The Norwegian PV developer was allocated three of the five projects available in the procurement exercise, having reportedly offered to accept $0.025/kWh from utility Société Tunisienne de l’Electricité et du Gaz for the clean power produced by the largest, 200 MW slice of generation capacity available.

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Vietnamese market momentum attracts another 100 MW

The capacity is made up of two 50 MW projects, one of which made the deadline to connect before Sunday and benefit from Vietnam’s generous feed-in tariff. Though the fixed payment has now expired, the market could continue to develop thanks to high energy demand and excellent irradiation.

Brazil A-4 auction signs 211 MW of solar for record-low price of $0.0175 kWh

Cracking the two-cent-mark as a global standard for PV appears within sight as projects in the U.S. and Brazil have been signed below that threshold. Just two years ago the industry celebrated sub-three-cent bids in the MENA region. Prices have come down so quickly, however, the new records are another third cheaper.

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Saudi’s ACWA Renewables sells 49% stake to China’s Silk Road Fund

The Chinese state-owned infrastructure investment fund, which already has strong ties to the Saudi power company, will be a major shareholder in a Middle East and African clean energy portfolio that adds up to 1668 MW of generation capacity.

EDF-led consortium wins Moroccan tender for 800 MW CSP-PV project with price of $0.070/kWh

The grouping, which includes UAE-based Masdar and Moroccan independent power producer Green of Africa, is planning to begin construction this year. The project is among those realized by the Moroccan Agency for Sustainable Energy, as part of the Noor Solar Plan to develop a minimum 2 GW of capacity by next year.

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ACWA reinforces solar partnership with Huawei and signs Belt and Road deal

The Saudi energy company and Chinese inverter maker and comms firm will team up to use information and communications technology to improve the performance of the former’s PV plants.

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ACWA wins Saudi Arabia’s 300 MW solar tender

The Saudi energy company submitted the second lowest bid, an LCOE of 0.08872 SAR ($0.0236) per kWh, while the excluded competitor, a consortium led by Japan’s Marubeni, had offered 0.09976 SAR ($0.0266) per kWh.

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WFES: Acwa Power partners with Huawei on solar plant monitoring

The Saudi Arabian power firm announces details of pilot project that will utilize Huawei’s FusionSolar control and monitoring system to enhance a fleet of PV plants.

Saudi Arabia to tender seven PV projects totaling 3.3 GW in 2018

The launch of the series of tenders was confirmed to pv magazine by Turki Mohammed Al Shehri, the head of the Saudi Renewable Energy Project Development Office.

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