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Emirati-Japanese coalition reaches financial close for two gas-fired plants
Simple cycle operations are set to begin in 2027, with full operations slated for 2028.
Earnings took a dip in the second quarter
Strong earnings from banking, real estate, and telecom helped cushion the decline
Saudi firms back energy projects in Syria
Four MoUs on hydrocarbons and two on electricity, alongside an agreement with Acwa.
Ma’aden subsidiary inks 30-year solar power agreement for Al Baitha mine
ALSO- Amlak International inked a four-year SAR 250 mn shariah-compliant credit facility with Emirates NBD - KSA
China’s HiTHIUM to supply two energy storage systems in Tabuk and Hail
The projects are being deployed with local partner Alfanar Projects and are slated to come online by 2026.
Acwa Power reaches financial close for two gas-fired plants
The plants, Rumah 1 and Nairyah 1, have a combined capacity of 3.6 GW
Acwa Power connects 2.8 GW of clean energy to the grid
Projects include Saad 2 solar plant, Al Kahfa solar plant, and ArRass 2 plant.
Masdar-led 2 GW Al Sadawi solar project reaches financial close
Located in the Eastern Province, the project cost is estimated at around USD 1.1 bn
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