Taqa and Masdar said their consortium with partners French group EDF and China’s JinkoPower will develop the world’s largest solar plant.
ADPower transfers the majority of its power and water generation, transmission and distribution assets to Taqa in exchange for 106,367,950,000 new shares.
ACWA Power ups stakes in Hajr Electricity Production Company from 17.5% to 22.49% following the partial acquisition of Samsung C&T’s equity.
Acwa Power, FEWA and Mubadala Investment have entered into a water purchase agreement for a 150m imperial gallon p/d desalination plant in Umm Al Quwain.
ACWA Power and AlGihaz Holding form Sakaka Solar Energy Company to own the Sakaka PV Plant and conclude a 25-year PPA with Saudi Power Procurement Company.
Saudi Aramco, ACWA Power, and Air Products to form an over $8 billion Gasification/Power joint venture (JV) located at Jazan Economic City in Saudi Arabia.
Emicool has been awarded the contract for a district cooling plant serving the Expo Village, Dubai South Mall and the new Conference and Exhibition Center at the Expo site.
The Board of Directors of Nawah Energy Company announced the appointment Mark Reddemann, a former Energy Northwest executive, as the company’s new Chief Executive Officer.
King Abdullah Economic City (KAEC) has signed a contract with Metito Saudi Ltd for the design and construction of a seawater desalination plant powered by solar energy valued at SAR 220.4 million.