The acquisition will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives. Alongside the Arlington acquisition, Masdar also intends to increase its investment in offshore wind and other renewables projects in new and existing markets, including the UK. Renewable energy conglomerate Masdar has announced that it has acquired UK-based battery energy storage system (BESS) developer Arlington Energy that will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives. Arlington Energy delves into developing, building, operating and financing flexible energy solutions; having taken…
Author: Saur News Bureau
Aggressive tendering in 2022 and 2023 is expected to fasten the development of solar and wind projects in Saudi Arabia. The quest of the Europeans to find new sources of energy to replace the Russian oil is also being seen as an opportunity for Saudi Arabia to invest in renewable installations. The Kingdom of Saudi Arabia is mulling to double the renewable energy tenders this year and give a fillip to the clean electricity availability. According to reports, the country will continue the spree in 2023 for faster development in the solar power and wind farm projects. The Energy Minister…
ACWA Power said that the 1500 MW wind energy project will be located in the Karakalpakstan area. The project is expected to achieve financial closure by the end of 2023. Saudi Arabia based utility developer ACWA Power has said in a disclosure on Tadawul bourse that the company has signed a Heads of Terms (HoT) Agreement with Uzbekistan for the development of a 1500 MW wind energy project. As per the disclosure, the deal will be signed with the Ministry for Energy and Ministry of Investment & Foreign Trade of the Central Asian republic. ACWA Power is partly owned by…
The total capacity of the combined five RE projects will be 3,300 MW. Saudi Arabia is implementing the National Renewable Energy Program through its Energy Ministry and the newly launched five renewable energy projects are a part of the fourth phase of the program. The Kingdom of Saudi Arabia is building five new projects for the production of renewable electricity. As per reports, the total capacity of the combined five RE projects will be 3,300 MW. The Saudi Power Procurement Company (SPPC) had announced recently that solar and wind sources will be employed to generate electricity. The company has launched…