ACWA Power has closed $238 million in senior debt facilities to develop Azerbaijan’s Absheron-Khizi 240 megawatt (MW) Wind Farm, the largest renewable energy project of its kind in the Caucasus region

The deal is aimed at developing gigawatt-scale projects focused on solar, wind, and hybrid energy with possible battery storage integration

ACWA Power anticipates that the financial effects of the plant’s operations will be visible in its fourth-quarter earnings for 2024

Yellow Door Energy aims enhance its solar leasing capacity, offering long-term, cost-effective solar power solutions to businesses under Power Purchase Agreements (PPAs)

Hyundai E&C will build a 369-kilometer section of the Riyadh-Kudmi 500kV ultra-high voltage direct current (HVDC) transmission line

Egypt’s Ministry of Electricity and Renewable Energy has set pricing for solar energy generated and stored in battery systems