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Stonepeak launches MENA renewables platform
The platform will target utility-scale solar, wind, and battery storage projects, with a focus on the Gulf
Aramco signs USD 11 bn lease agreement for Jafurah
Aramco will lease Jafurah facilities to a new unit and pay tariffs to use them
Saudi Arabia drives over half of monthly Opec output increase
OPEC holds 2025 demand view steady, raises 2026 projection by 100k bbl / d
Acwa + Kuwaiti partners to pour USD 3.27 bn into Kuwait’s Az-Zour North expansion
The full cost will be covered by the investors.
Acwa Power awarded two solar projects in Morocco
Each plant has a capacity of 400 MW with a BESS capacity of 602 MWh
Acwa Power-led consortium secures financing for two IPP projects
Acwa Power and Saudi Electricity Company (Sec) will each hold a 35% stake, while Kepco will obtain the remaining 30%
China’s WeRide gets the green light to operate its Robotaxis in the Kingdom
PLUS- Aictec completes its acquisition of a 25% stake of Sign Max
Acwa Power is reportedly moving ahead with its second mega green hydrogen plant in Saudi
The new plant will have an electrolysis capacity of 4 GW and produce 400k tons of green hydrogen annually
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