• Riyadh sets out its stall as a global renewables hub

  To reduce dependence on hydrocarbons for power production, the aim is for renewables, supported by...
  Read More...

• Power project spending surges in the GCC

  Rising populations and major industrial projects are driving surging demand for electricity in the GCC.
  Read More...

• Saudi Arabia resets renewable energy goals

  The kingdom's decision to set a target of 58.7GW of renewable energy by 2030 evokes...
  Read More...

• Saudi Arabia begins work on SPARK global energy hub project

  Saudi Arabia has broken ground on the 50km2 global energy hub project called the King...
  Read More...

• Construction begins on 300MW Sakaka solar project in Saudi Arabia

  Saudi Arabia King Salman bin Abdulaziz has marked the start of construction on the 300MW...
  Read More...

• ACWA Power and AlGihaz secure financing for Sakaka PV project

  ACWA Power and AlGihaz Holding Company have achieved a financial closure for the SAR1.2bn ($319m)...
  Read More...

• Deals this week: ABB, GE, ACWA Power

  TransnetBW has awarded a $40m contract to ABB for upgrading its Obermooweiler high-voltage electrical substation...
  Read More...

• Egypt and Saudi Arabia postpone $2.1bn electricity interconnection project

  Egypt and Saudi Arabia have further postponed awarding the main construction contract for the planned...
  Read More...

• Deals this week: Bulgarian Energy Holding, Saudi Aramco, Siemens Gamesa Renewable Energy

  Bulgarian Energy Holding (BEH) has raised approximately €100m ($114m) by issuing a seven-year €550m ($626m)...
  Read More...

• Deals this week: Neoen, Renesola, Dubai Electricity and Water Authority

  Neoen has secured A$101m ($77.81m) in project financing from Germany-based project and export financier KfW...
  Read More...