Search Results for: ACWA

India | Green Hydrogen | News

ACWA Power and L&T collaborate on Yanbu green ammonia project
September 24, 2025October 28, 2025 India, Green Hydrogen, News

ACWA Power has signed a memorandum of understanding (MoU) with Larsen & Toubro’s (L&T) renewables division for the development of the renewables and grid components of the Yanbu green ammonia project in Saudi Arabia. The project is planned as a fully integrated hub powered entirely by solar and wind energy. The MoU covers multiple facilities, including solar photovoltaic plants, wind projects, battery energy storage systems, substations, and transmission infrastructure. It defines collaboration on design, configuration,…

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India | News

ACWA Power to develop 800 MW solar + battery storage project in Morocco
August 11, 2025August 11, 2025 India, News

ACWA Power has won contracts to build and operate two solar photovoltaic (PV) projects in Morocco, Noor Midelt II and Noor Midelt III, each with a capacity of 400 MW. Both projects will include battery energy storage systems, providing a combined storage capacity of 602 megawatt-hours (MWh). The storage systems can deliver 230 MW for two hours. These projects will be executed under a build-own-operate model and backed by a 30-year power purchase agreement with…

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Global | News

ACWA Power signs PPA for 2 GW wind project in Egypt
February 20, 2025February 20, 2025 Global, News

ACWA Power has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt, with an estimated investment of USD 2.3 billion. The project is expected to reach financial close in 2026. The wind project will contribute to Egypt’s goal of increasing renewable energy’s share in its electricity generation mix to 42% by 2030. It is also projected to reduce carbon emissions by over…

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Global | News

Masdar, SOCAR, and ACWA Power partner for offshore wind in Azerbaijan
January 16, 2025January 16, 2025 Global, News

Masdar, SOCAR Green, and ACWA Power have signed a memorandum of understanding (MoU) to develop 3.5 GW of offshore wind capacity in the Azerbaijan section of the Caspian Sea. These will be the country’s first offshore wind farms, supporting Azerbaijan’s renewable energy, green hydrogen, and water desalination goals. The MoU was signed by key leaders: Rovshan Najaf (SOCAR), Abdulaziz Alobaidli (Masdar), and Marco Arcelli (ACWA Power). The companies will follow a development roadmap to advance…

Read More Masdar, SOCAR, and ACWA Power partner for offshore wind in Azerbaijan
Global | News

ACWA Power secures financing for 1.1GW Suez wind farm in Egypt
January 3, 2025January 3, 2025 Global, News

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez wind farm in Egypt’s Gulf of Suez region. The financing includes a $703.6m senior debt facility from a consortium of international banks and financial institutions, with the European Bank for Reconstruction and Development leading the deal. The $1.2bn project aims to support Egypt’s goal of sourcing 42% of its electricity from renewable energy by 2040. ACWA Power holds a 70%…

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Global | News

ACWA Power signs agreement with Uzbekistan for 2 GWh battery storage projects
November 22, 2024November 22, 2024 Global, News

On November 16, 2024, ACWA Power signed a binding Implementation Agreement (IA) with Uzbekistan’s Ministry of Energy to develop up to 2 GWh of standalone Battery Energy Storage Systems (BESS) across the country. The agreement was formalized during COP29 in Baku, Azerbaijan, in the presence of Uzbek President Shavkat Mirziyoyev, Azerbaijani President Ilham Aliyev, and Saudi Energy Minister Prince Abdulaziz bin Salman. The IA builds on a Memorandum of Understanding (MoU) signed earlier in May…

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Global | News

ACWA Power secures $240 million IFC loan for Uzbekistan’s RE projects
November 5, 2024November 5, 2024 Global, News

ACWA Power has obtained a $240 million Islamic Equity Bridge Loan (EBL) from the International Finance Corporation (IFC) to support renewable energy initiatives in Uzbekistan. The financing will facilitate the construction and operation of two projects: a 1 GW solar photovoltaic plant and a 668 MW battery energy storage system (BESS), along with approximately 500 km of high-voltage transmission lines. These projects aim to reduce Uzbekistan’s greenhouse gas emissions by an estimated 1.3 million tonnes…

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Global | News

ACWA Power grows renewable portfolio in Africa
November 4, 2024November 4, 2024 Global, News

ACWA Power’s Redstone Concentrating Solar Power (CSP) plant in South Africa has synchronized 50 MW to the national grid, with full capacity expected to reach 100 MW shortly. Developed in collaboration with Herlogas and SEPCOIII, the Redstone CSP is set to deliver clean energy to approximately 200,000 households, significantly curbing carbon emissions. Meanwhile, the Kom Ombo Photovoltaic (PV) plant in Egypt has achieved its full production capacity of 200 MW, supplying clean energy to over…

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News | Global

France pledges $550 million to advance Vietnam’s energy transition
November 3, 2025November 3, 2025 News, Global

France will provide $550 million to help Vietnam expand clean energy and low-emission transport projects, reinforcing bilateral cooperation under the Just Energy Transition Partnership (JETP). The announcement was made by French Ambassador Olivier Brochet at an event in Hanoi on October 24, marking three decades of the French Development Agency (AFD) in Vietnam. Ambassador Brochet said that more than half of the pledged amount has already been deployed through AFD-led JETP initiatives. He added that…

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Power Bytes

Power Sector News Roundup for September 24, 2025
September 24, 2025September 24, 2025 Power Bytes

Global: Asia’s coal market split between rising domestic use and shrinking exports Southeast Asia can meet rising electricity demand through renewables: IEA India: PM Modi lays foundation for hydro projects in Arunachal Pradesh Power Ministry invites feedback on draft amendments to CGP rules Power Ministry notifies new rules for energy storage systems MNRE issues first revision of ALMM List-II for solar PV cells Inox Solar commissions 1.2 GW solar module facility in Gujarat Waaree Power…

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