Latest news with #AlShuaiba2
Argaam
20-02-2025
- Business
- Argaam
ACWA Power starts commercial ops at Al Shuaiba 2 solar PV plant
ACWA Power Company received, on Feb 19, a notice from the project company, Al Shuaiba 2 Solar PV Independent Power Plant, stating that it has been granted the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the first, second and third phase with total capacity 2,060 megawatts (MW). The project is now in full operation, the company said in a statement to Tadawul. ACWA Power said it owns a 35.01% stake in the project company, expecting financial impact to be reflected in Q2 2025 financials.
Zawya
10-02-2025
- Business
- Zawya
UAE leads MENA in renewable installed capacity at 6.3GW
The UAE has emerged as a leader in renewable energy with 6.3 gigawatts (GW) installed capacity, Dubai-based Dii Desert Energy said in a report. Egypt and Saudi Arabia follow with 4.6 GW and 4.5 GW installed capacities. The UAE has achieved more installed capacity than Egypt with fewer than half the projects, mainly due to the impact of Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), significantly contributing to the country's renewable energy capacity. Overall, the current installed solar photovoltaic (PV) capacity stands at 22.3 GW in the Middle East and North Africa (MENA) region. At the end of 2024, the Dii database reported more than 700 projects, greater than 5 megawatts (MW), at various stages of development. Of these 714 projects, 467 are operational, 47 are under construction, 89 projects are in the development phase and an additional 90 have been announced. On the construction phase, Saudi Arabia leads with a series of large-scale projects, including Al Shuaiba 2, the largest project to date with 2,030 megawatts (MW). Oman is also set to significantly increase its capacity this year, with the Manah 1 and 2 projects, each having a capacity of 500 MW, the entity said. (Writing by P Deol; Editing by Anoop Menon)
