PPAs for the Rumah 1 and Nairyah 1 IPPs, each with a capacity of 1,800 MW, were secured by a consortium led by ACWA Power, Saudi Electricity Company (SEC), and Korea Electric Power Corporation (KEPCO).

The projects, financed by the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB), represent a combined investment of over $600 million.

The partners aim to establish a structured roadmap to facilitate the development of offshore wind, a key component of Azerbaijan’s push for renewable energy and net-zero emissions by 2050

Strong earnings driven by strategic investments position TAQA for regional growth in utilities and water solutions

In his new role, Lobo will oversee the development of Siemens Energy’s diverse portfolio, focusing on innovative solutions to meet the growing energy demands of the region.

Nostradamus AI provides precise, easily explained, off-the-shelf forecasts for load, market pricing, and renewable energy generation