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.
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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.
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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.
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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.
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ACWA Power has signed a series of agreements worth $10 billion at the ninth edition of the Future Investment Initiative in Riyadh. The agreements cover financing partnerships, renewable energy, storage, and technology development across the Gulf Cooperation Council, China, Central Asia, and Africa. These projects will provide electricity to the Saudi Power Procurement Company under long-term power purchase agreements.
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Construction has commenced on a large-scale round-the-clock (RTC) renewable energy project in the UAE, being developed by Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC). The project consists of a 5.2 GW solar plant with a 19 GWh battery energy storage system, The project represents a total investment of more than AED 22 billion and is expected to become operational by 2027.
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The Public Establishment for Transmission and Distribution of Electricity (PE-TDE) of Syria has signed a MoU with the Saudi companies Al-Harfi and Sakalko to develop solar and wind projects. These projects will have a cumulative capacity of up to 500 MW. Additionally, the PE-TDE signed a power purchase agreement (PPA) with the Syrian-Turkish company Syrian-Turkish Energy Company to procure 100 MW of solar power.
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LONGi Hydrogen has signed an equipment supply agreement to deliver one set of its ALK Hi1 electrolyser along with the balance of plant (BoP) for the project for a green hydrogen project in Namibia. The project is scheduled to begin operations in the first quarter of 2027. The equipment package will meet CE marking and other international regulatory and safety standards.
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The Climate Investment Fund and KLP have planned to invest NOK 850 million to establish a new renewable energy platform in South Africa. The platform, named Anthem, is being formed through the merger of African Clean Energy Developments and EIMS Africa, with Mahlako Energy Fund also joining as an investor. The Climate Investment Fund is providing NOK 685 million, while KLP Norfund Invest is contributing NOK 170 million.
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Nama Power and Water Procurement has signed a power purchase agreement with a consortium for the development of the Ibri III Solar Independent Power Project in Oman. The project comprises a 500 MW utility-scale solar plant, integrated with a 100 MWh battery energy storage system. The consortium that will develop the project includes Masdar, OQ Alternative Energy, Al Khadra Partners, and Korea Midland Power Co. Ltd.
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ACWA Power has signed a MoU with Larsen & Toubro’s (L&T) renewables division for the renewables and grid scope of the Yanbu green ammonia project in Saudi Arabia. The Yanbu project is being developed as a fully integrated hub with captive renewable electricity generation based entirely on solar and wind energy. The MoU outlines cooperation to develop the design, configuration, and performance requirements for both components.
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The European Bank for Reconstruction and Development (EBRD) has approved a financing package of $74.1 million for the construction of a 200 MW wind farm in Ras Ghareb, Egypt. The funding includes an EBRD senior loan of up to $60.7 million, a concessional loan of $3.38 million from the Green Climate Fund (GCF), and an investment grant of $10 million. The project is jointly owned by Infinity Power and Masdar.
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Stargate Hydrogen has signed a MoU with Saudi Arabia’s Research, Development, and Innovation Authority (RDI) to strengthen cooperation in green hydrogen technologies. The agreement was facilitated by Apex Ventures under RDI’s Global Startups Attraction Programme in partnership with the Ministry of Investment. The partnership focuses on multiple areas.
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United Capital Infrastructure Fund (UCIF) has signed a revolving local currency debt facility of around $3.2 million, with Husk in Nigeria. The financing has been structured to address a market gap in the deployment and expansion of solar minigrids in Nigeria. The revolving loan will run for 10 years, during which Husk intends to redeploy the capital twice. The first phase of funding will be utilised to build its standalone minigrid pipeline in Nigeria.
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Hynfra has inked a framework agreement with the Government of Mauritania for the development of a green ammonia project in Nouakchott. The project is planned to produce 100,000 tonnes of green ammonia annually starting in 2030. The total capital expenditure for the project is expected to be $1.5 billion. The project will be located in the southern zone of the Somelec wind farm, with exports planned through Port de l’Amitié.
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Envision Energy has announced its plans to develop a 232 MW wind power project in Karaman, Turkey. Envision will partner with ERN Holding and Yildizlar Group to develop the project. This marks the company’s first wind project in the country. Envision Energy is a renewable energy company that designs and manufactures wind turbines, energy storage systems (ESS), and green hydrogen solutions.
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Egypt has signed a land usufruct agreement for the Atom Solar Egypt project in New Alamein City. The project is a partnership between Egyptian, Emirati, Bahraini, and Chinese entities to establish a fully integrated industrial complex across 200,000 square metres in the Sokhna Industrial Zone. It involves developing a 2 GW solar cell production facility, a 2 GW solar panel production facility, and a 1 GWh energy storage manufacturing unit.
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Masdar, along with GD Power and Korea Electric Power Corporation, has achieved financial close for the 2 GW Al Sadawi solar photovoltaic project in Saudi Arabia. The project has secured financing facilities with eight regional and international lenders, consisting of Standard Chartered Bank, KEXIM, ADCB, BNP Paribas, ADIB, Bank of China, HSBC, and Société Générale.
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Infinity Power has signed concession agreements with the Government of Côte d’Ivoire for two solar photovoltaic projects with a combined capacity of 80 MWac. The projects, located in Touba and Laboa, were awarded under the World Bank’s scaling solar programme through a competitive tender process. The projects will also include the construction of 17 km of transmission lines to integrate the plants into the national grid.
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The Electricity and Water Authority (EWA) of Bahrain has announced the launch of Bahrain’s first solar project for electricity generation. The project is planned to have a production capacity of up to 150 MW. The project will be developed in collaboration with the private sector. Commercial operations of the project are expected to start in the third quarter of 2027.
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