The first agreement, valued at $690 million, is a financing arrangement with the National Bank of Kuwait (NBK), that will support ACWA Power’s project pipeline in Saudi Arabia, Kuwait, and other key markets

Once completed, the solar and storage facilities are expected to deliver around 2,400 gigawatt-hours of electricity annually

The project will feature two million high-efficiency bifacial solar panels mounted on single-axis trackers, designed to increase energy capture by tracking the sun’s movement

Green hydrogen has the potential to reduce CO2 emissions in steel making by up to 95 percent

ENGIE will power the JADCO’s olive oil, pickles, and French fries production facilities at its Busaita industrial complex in northern Saudi Arabia

The deal positions Al Yamamah at the forefront of Saudi Arabia’s strategy to become a regional leader in wind energy equipment manufacturing