Renewables

IEA predicts record year for renewables in 2021

ATR TRMEThe International Energy Agency (IEA) has forecasted that renewable electricity generation will increase by more than 8% to reach 8,300TWh in 2021

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Egypt’s Kom Ombo solar plant receives US$114mn financing package

Egypt solar plantThe European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank have signed a US$114mn financing package with ACWA Power for the construction of the largest private solar plant in Egypt

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Oilfields Supply Center will invest US$570mn in King Salman Energy Park (SPARK)

SPARK OSC RenderingOilfields Supply Center will invest US$570mn in King Salman Energy Park (SPARK)

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ACWA Power inaugurates first utility renewable project in Saudi Arabia

800 rsz sakaka plantACWA Power has inaugurated the 300 MW Sakaka PV IPP, KSA’s first utility scale renewable energy project, at an investment value of US$320mn (1.2 billion Saudi riyals)

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ACWA Power signs final agreements on 200MW Kom Ombo PV plant in Egypt

ACWA Power April 21ACWA Power has finalised the project agreements for the 200MW Kom Ombo PV plant in Egypt

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