The state-owned power utility, Saudi Electricity Company (SEC), has completed the grid connection of a 7.8 GWh battery energy storage system (BESS) project across three sites in south-western Saudi Arabia. These projects comprise three BESS installations of 2.6 GWh each, located in Najran, Khamis Mushait, and Madaya. The BESS project is owned by SEC, with its subsidiary National Grid SA acting as the offtaker.
Read More
Masdar and ENGIE have achieved financial close for the 1.5 GWac Khazna solar project in Abu Dhabi. The financing package has been secured from seven regional and international lenders, including Abu Dhabi Islamic Bank, Crédit Agricole Corporate and Investment Bank, KfW IPEX, BNP Paribas, Hong Kong and Shanghai Banking Corporation, Sumitomo Mitsui Trust Bank, and Emirates Development Bank.
Read More
Masdar, together with Al Khadra Partners, Korea Midland Power Co. Ltd, and OQ Alternative Energy, has achieved financial close for the Ibri III solar independent power project. Financing has been secured from Natixis Corporate and Investment Banking and First Abu Dhabi Bank, covering a substantial portion of the project’s total cost of around $300 million. The project is being developed for Nama Power and Water Procurement.
Read More
Nextpower and Abunayyan Holding have completed the incorporation of their joint venture (JV), Nextpower Arabia, headquartered in Riyadh, Saudi Arabia. The JV has been established to support the deployment of utility-scale solar projects across the Middle East and North Africa region. Additionally, the partners have announced a new advanced manufacturing facility in Jeddah that will be operational in the second quarter of 2026.
Read More
Masdar has entered into a power purchase agreement (PPA) for a 150 MW solar project in Angola. The agreement secures long-term electricity offtake for the Quipungo solar project, which is located in Huila province in southern Angola. The PPA was signed with the Rede Nacional de Transporte de Electricidade (RNT-EP), the state owned electricity-transmission company.
Read More
Israel’s Finance Ministry has announced that a new solar plant integrated with the battery energy storage system (BESS) will be developed at the Ashalim power station in southern Israel. The project is designed to deliver up to 80 MW of electricity to the national grid. It will include solar photovoltaic installations with a total capacity of 150 MW. Additionally, the project will incorporate a 400 MWh BESS.
Read More
The European Bank for Reconstruction and Development (EBRD) has provided financing of about $200 million to Enerjisa Enerji Üretim A.Ş. to support the addition of 250 MW of new wind projects in Muğla, Türkiye. The 250 MW wind projects form a part of the broader 1,000 MW wind project portfolio being implemented by Enerjisa Enerji Üretim across the country. The projects are expected to produce around 630 GWh of electricity annually.
Read More
SDG Namibia One Fund has entered into a development funding agreement with Zhero Europe to advance the Zhero Molecules Walvis Bay project, an industrial-scale green ammonia facility planned near Walvis Bay in Namibia’s Erongo region. The fund has committed up to $5.15 million to support development and feasibility activities required to move the project towards a final investment decision targeted for 2027.
Read More
The International Finance Corporation (IFC) has announced a partnership with AMEA Power and Kyuden International Corporation of Japan to develop a large-scale solar and battery energy storage system project in Egypt. The collaboration will support the construction of the Abydos II project through Abydos For Renewable Energy. The project will be located in Aswan Governorate in southern Egypt.
Read More
Egypt has commenced construction of the ATUM Solar integrated industrial complex in Sokhna, with total investments of approximately $210 million. The project is being developed within a 200,000 square metre site at TEDA Egypt, located in the Suez Canal Economic Zone. The complex is a joint initiative involving JA Solar from China, AH from Egypt, Global South Utilities from the UAE, and Infinity Capital from Bahrain.
Read More
AMEA Power has commissioned a 120 MWp solar project in the Kairouan Governorate of Tunisia. The project was financed with support from the International Finance Corporation, part of the World Bank Group, along with the African Development Bank. It is expected to produce about 222 GWh of electricity annually. Moreover, the project is estimated to reduce carbon emissions by around 117,000 tonnes annually.
Read More
ACWA Power and Bapco Energies have entered into a joint development agreement to collaborate on the development of a solar project integrated with a battery energy storage system in Saudi Arabia’s Eastern Province. The arrangement outlines cooperation between the two companies to jointly develop the project through multiple phases, with the planned generation capacity expected to reach up to 2.8 GW.
Read More
Scatec ASA has commenced commercial operations of the 273 MW Grootfontein solar project in South Africa. The project, located in the Western Cape, will supply electricity under a 20-year power purchase agreement (PPA). It is expected to produce 700 GWh of electricity annually. The project is anticipated to offset around 630,000 tonnes of carbon emissions annually.
Read More
ACWA Power, together with Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company (SAPCO), has completed the financing process for seven large-scale renewable energy projects in Saudi Arabia. The projects will be jointly owned by ACWA Power, Badeel, and SAPCO, with the Saudi Power Procurement Company serving as the procurer as well as the offtaker.
Read More
ACCIONA Energía has finalised an agreement with Exxaro Resources Limited’s wholly owned subsidiary, Cennergi, to divest its 232 MW stake in two renewable assets. The transaction is valued at €255 million. The two projects include the 138 MW Gouda wind farm and 94 MWp Sishen solar plant. ACCIONA Energía owned 55 per cent shares in both the projects through ACCIONA Energía Internacional.
Read More
Mauritania has entered into a framework agreement with Möhring Energie Holding GmbH for the development of a large industrial plant aimed at producing green hydrogen and green ammonia. The agreement supports the implementation of Mauritania’s hydrogen programme known as the Hydrogen Code and initiates the NAYRAH project, which is planned to scale up to an electrolysis capacity of 1,000 MW.
Read More
Alfa Solar and Astronergy Europe GmbH have entered into a joint venture (JV) agreement to establish an integrated wafer and cell production facility in Türkiye. The collaboration will be executed through Astronergy Yüksek Teknoloji Enerji Sanayi ve Ticaret A.Ş., a company fully owned by Astronergy Europe and registered with the Istanbul Trade Registry.
Read More
Hygreen Energy has announced the establishment of the Middle East Electrolysers Company, a joint venture (JV) company with the Green Electrodes Consortium for Industry (GECI). The JV company will be based in the Eastern Province of Saudi Arabia, and aims to localise manufacturing and deployment of electrolyser systems in the country. The JV is intended to meet rising demand for electrolyser technologies in Saudi Arabia.
Read More
The European Bank for Reconstruction and Development (EBRD) has made an additional equity investment of $40 million in Infinity. This new funding increases EBRD’s total equity commitment in the company to $141.5 million, up from the earlier $101.5 million. The capital will be directed towards its subsidary Infinity Power to support the development of 3,000 MW of renewable energy projects across several African countries.
Read More
Foulath Holding has partnered with Yellow Door Energy to develop a 123 MWp solar project in Bahrain. As per the agreement, Yellow Door Energy will be responsible for financing, designing, constructing, commissioning, operating, and maintaining the project throughout the power purchase agreement period. The project will include ten rooftop solar plants and four ground-mounted solar installations.
Read More