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Record-Low Solar Bid from ACWA Power for 1st Utility-Scale Renewable Energy Project in Saudi Arabia
Leading Saudi developer and operator ACWA Power has announced it has won the right to develop the first utility-scale renewable energy project in Saudi Arabia, the 300 megawatt Skaka IPP PV solar project, at a record-breaking tariff of 2.34 US-cents…
Saudi Arabia Set To Auction Around 4 Gigawatts Of Solar & Wind Capacity This Year
The world can expect more record-breaking bids for solar and wind energy projects this year as Saudi Arabia plans to hold at least two rounds of auction for solar and wind energy projects under its National Renewable Energy Program (NREP).…
Solar Power Forecast: Record-Low Costs Expected to Keep Plummeting as Technology Improves
The already-plummeting costs of installing solar power could fall an additional 60 percent over the next decade, the head of the International Renewable Energy Agency (IRENA) said Monday. IRENA director general Adnan Amin told Reuters that the organization expects an…
Kite Wind Power Could Help Power Saudi Arabia
“Wind turbines on the Earth’s surface suffer from the very stubborn problem of intermittent wind supply,” said Udaya Gunturu, a researcher with the King Abdullah University of Science and Technology, who is one of several researchers investigating the potential of…
Saudi Arabia Gets Cheapest Bids for Solar Power in Auction
Saudi Arabia received offers to supply solar electricity for the cheapest prices ever recorded, marking the start of a $50 billion program to diversify the oil producer’s domestic energy supplies away from fossil fuels. The energy ministry said Abu Dhabi’s…
Saudi Arabia plans to launch nuclear power tender next month
Saudi Arabia is expected to launch a tender process for its first nuclear reactors as early as next month and will reach out to potential vendors from countries including South Korea, France and China, industry sources said. The world’s top…
Major solar power project to provide electricity at night
A major solar power project in the Middle East will provide electricity during the night, the developers have said. The $1bn (£770m) scheme will provide up to 200 megawatts to the grid in Dubai between 4pm and 10am, according to…