ACWA Power and the Water and Electricity Holding Co. (Badeel), a unit owned by Saudi Arabia’s Public Investment Fund (PIF), have signed PPAs for the development of a 2060 MW solar PV plant in Al Shuaibah, Makkah province, Saudi Arabia.
Canadian renewable energy company NeoGreen Hydrogen and Portuguese developer of solar PV parks Frequent Summer have announced that they plan to invest €1 billion in a green hydrogen plant in Portugal.
The World Bank has approved a $497 million loan facility to Eskom for the repurposing of Komati Power Station.
The Asian Development Bank (ADB) has signed an agreement with Cambodia’s national electricity utility Électricité du Cambodge (EDC) for the development of 2 GW of solar capacity.
ACWA Power has been chosen by PLN, Indonesia’s state-owned electricity utility, to build two floating solar PV farms.
Octopus Energy Group has partnered with Nexta Capital Partners to create a joint venture to install 1.1 GW of new onshore wind and solar energy capacity in the south of Italy by 2025.
Finland’s Ministry of Economic Affairs and Employment (MEAE) has awarded €99.8 million of funding to six clean energy projects under the country’s Recovery and Resilience Plan.
Niam, the Norwegian asset manager, and Solkompaniet of Sweden have agreed to partner to develop a 500 MW solar portfolio in southern Sweden.
Nova Energy has announced that it plans to build the 150 MW first stage of a solar power plant near Rangitaiki on New Zealand’s North Island.
Petroleum Development Oman (PDO) plans to set up a new utility-scale solar power project, along with a battery storage system, in the northern part of its Block 6 concession in Oman.