Saudi Arabia signs $8.3bn deals for 15GW solar and wind projects
The ventures are part of the National Renewable Energy Programme overseen by the Ministry of Energy.
14 July 2025
14 July 2025
The ventures are part of the National Renewable Energy Programme overseen by the Ministry of Energy.
The financing is supported by MN8 Portfolio IV which includes 972MW of distributed generation, utility-scale photovoltaic solar projects and a 75MW four-hour BESS.
The agreement outlines the intention to set up an assembly line for VVER-1000 fuel elements at Energoatom’s subsidiary, AtomEnergoMash.
The project is a collaborative development between the China Northern International Group and Shandong Electric Power Engineering Consulting Institute.
Investors supporting this funding include SBI Investment and Keio Investment Initiative.
The ERCOT has reported significant improvements in grid reliability and reduce electricity prices compared to the national average.
The company will deliver design certification services for the SNII project's wind turbines and offshore substation.
The global energy and insurance industries need to work together to reduce the number of claims being made and meet climate change head on, according to speakers at the Energy Insurance London event on 3 July 2025.
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