Energy
Envision’s Strategic Wind Power Expansion in the Middle East
Envision Energy, distinguished as the 'Green Giant' by a prominent business listing in 2024, has unveiled a collaborative venture with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries, with the goal of propelling wind energy development across the Middle East, contributing to the region's shift towards a more eco-friendly and renewable energy landscape. The partnership aims to manufacture and...
Hitachi Energy to Enhance Saudi-Egypt Power Connection
Hitachi Energy has been commissioned to construct three high-voltage direct current (HVDC) converter stations, which are a cornerstone for the 3,000 megawatt (MW), 500 kilovolt (kV) HVDC Classic interconnection project linking Saudi Arabia and Egypt.The unique multi-terminal design of this interconnection allows for bidirectional electricity transmission among the three converter stations situated in Medina and Tabuk within Saudi Arabia, and...
Egypt-Saudi Energy Project Set for Summer Kick-Off
The impending energy collaboration between Egypt and Saudi Arabia, in the form of an electrical interconnection initiative, is gearing up to activate its operations in the approaching summer months, as unveiled by the Egyptian Minister of Electricity and Renewable Energy, Mahmoud Esmat. At the heart of this enterprise lies a vision to synchronize energy systems, leveraging the variable peak times...
Saudi Arabia’s Solar Sector Expansion with 30GW Production Deals
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has recently entered into two significant partnerships with Chinese solar PV manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy. These collaborations are anticipated to inject a substantial 30GW of solar PV production capacity, spanning from ingots to modules, into the kingdom's renewable energy sector. The deals, orchestrated by the Renewable Energy...
Strategic Wind Energy Venture Launch in Saudi Arabia
Envision Energy has revealed the establishment of a strategic joint venture with the Public Investment Fund (PIF) of Saudi Arabia and Vision Industries, aimed at advancing the development of wind energy within the Kingdom.The collaborative effort will concentrate on the production and assembly of wind turbine components, such as blades, nacelles, and hubs. Envision Energy, recently hailed as the "Green...
Saudi Arabia Boosts Solar Production with 20 GW Project
A branch of TCL Zhonghuan Renewable Energy has finalized a deal alongside Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries for the establishment of a solar manufacturing operation. This venture aims to yield 20 gigawatts (GW) of solar ingots and wafers annually within the kingdom.Lumetech, a subsidiary of the China-based solar giant TCL Zhonghuan, is joined in this undertaking...
Chinese Energy Firms to Establish Plants in Saudi Arabia
Leading Chinese companies in the domain of clean energy are set to erect manufacturing plants in Saudi Arabia, aiming to broaden their international reach while navigating trade constraints imposed by the United States and Europe as well as intense domestic rivalry.Yazeed Al-Humied, deputy governor and head of investments for the Middle East and North Africa region at the Saudi Public...
Saudi Arabia’s PIF Forges Alliances for Renewable Energy Production
The Public Investment Fund (PIF) of Saudi Arabia has unveiled new collaborative ventures with three prominent Chinese firms, with the goal of fostering the domestic production of solar and wind power equipment within the kingdom.An alliance with Envision Energy, a producer of wind turbines, will see the establishment of facilities focused on the fabrication and assembly of wind turbine parts,...
Envision Energy’s New Joint Venture Boosts Middle East Wind Power
Riyadh's recent announcement has revealed a momentous alliance in the field of renewable energy. Envision Energy, celebrated as a leading force in sustainable power, has partnered with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries in a joint venture designed to propel the growth of wind energy across the Middle East. This initiative is a significant stride towards realizing...
Saudi Arabia Expands Renewable Energy Manufacturing
The Public Investment Fund (PIF) of Saudi Arabia has entered into three new joint ventures (JVs) aimed at advancing the localization of renewable energy manufacturing within the Kingdom. These ventures are a strategic move to align with the goals of the Saudi Ministry of Energy and support the nation's ambitious Vision 2030 plan.The collaborations will bring together PIF's Renewable Energy...
