ACWA Power signed an SAR 8.6 billion PPA with EETC to develop, own, and operate a 2.0 GW wind power plant in H ..Read More

ACWA Power signed an SAR 8.6 billion PPA with EETC to develop, own, and operate a 2.0 GW wind power plant in Hurghada, Egypt, under a 25-year contract. The project includes financing, construction, and operation. Earlier, in January 2025, ACWA Power and HAU Energy achieved financial close for the 1.1 GW Suez Wind Farm in Egypt.
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• Power
• PPP

Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) agreement to enhance clean ener ..Read More

Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) agreement to enhance clean energy access in Africa and Asia. Masdar and TotalEnergies will focus on sustainable electricity in Africa and clean energy projects in Southeast Asia, while TotalEnergies and EPointZero will support India’s decarbonization through solar, wind, and storage. Signed at the UAE-France High-Level Business Council in Paris on February 16, the FFA aims to drive energy transformation in emerging markets.
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• Power

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in A ..Read More

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in Al Dhahirah, with an estimated investment of OMR 155 million. Notable bidders include Masdar, ACWA Power, TotalEnergies, EDF Renouvelables, and Sembcorp Utilities. The project aligns with Oman’s strategy to diversify energy resources and will follow the established IPP model. The scheduled commercial operation date is Q1 2027.
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Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electri ..Read More

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electricity Company (SEC) to build 380kV transmission lines in Madinah and Jeddah by November 2027. The 491 km lines will transmit solar power to substations in western Saudi Arabia. This follows a $725 million contract awarded in November 2024, reinforcing Hyundai E&C’s presence in the region.
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Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & T ..Read More

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & Toubro Saudi Arabia (L&T) to supply steel towers for the 500kV HVDC Overhead Transmission Line (COA-SOA Interconnection Link, Portion II) over 24 months. This follows a $207.2 million steel towers supply contract with Hyundai E&C, reinforcing its role in Saudi Arabia’s power infrastructure projects.
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EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to ..Read More

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to collaborate on geothermal energy technologies, including power generation, HVAC applications, and Compressed Air Energy Storage. The agreement, signed by Omar Aldaweesh (EDF) and Meshary Al-Ayed (TAQA Geothermal), aligns with Saudi Vision 2030 and EDF’s Ambitions 2035 to advance sustainable energy solutions. The partnership aims to develop geothermal cooling systems and enhance Saudi Arabia’s renewable energy leadership.
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• Power

BYD Energy Storage has signed the world’s largest energy storage contracts with Saudi Electricity Company (S ..Read More

BYD Energy Storage has signed the world’s largest energy storage contracts with Saudi Electricity Company (SEC) for a 12.5GWh capacity project, bringing their total collaboration to 15.1GWh. The Battery Energy Storage Systems (BESS) will be installed across five sites, fully integrating into Saudi Arabia’s power transmission network to enhance grid stability, energy efficiency, and renewable energy integration. This partnership supports Saudi Vision 2030’s goal of achieving 50% renewable energy, marking a milestone in global ultra-large-scale energy storage.
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EWEC (Emirates Water and Electricity Company), UAE, has issued an RFP to 16 qualified bidders for the 140 MW A ..Read More

EWEC (Emirates Water and Electricity Company), UAE, has issued an RFP to 16 qualified bidders for the 140 MW Al Sila Wind IPP project, which will power 36,000 homes and reduce 190,000 tonnes of CO₂ annually. The project will expand Abu Dhabi’s wind capacity to 240 MW, with the selected developer owning up to 40% and entering a long-term PPA with EWEC. Proposals are due by Q2 2025, supporting the UAE’s renewable energy transition and future wind capacity growth to 2.6 GW by 2035.
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• PPP