Energy

Korea Electric Power Corp. (KEPCO) has completed the first round of funding for major energy projects in Saudi Arabia, according to the company. The secured project financing totals approximately 5.5 trillion won ($3.96 billion), as reported by the firm, and will support the Al Sadawi photovoltaic project along with the Rumah-1 and Al Nairyah-1 independent power plants. The financing arrangement...

Schneider Electric has introduced its flagship Lauritz Knudsen brand to Saudi Arabia, expanding its presence in low-voltage electrical distribution and automation solutions. This move follows the company's acquisition of L&T Switchgear in 2020 and highlights Schneider Electric's commitment to supporting the Kingdom’s digital and energy transformation goals, according to the company. The launch was marked by an event in Riyadh...

Saudi Arabia is rapidly transforming its economy, shifting from oil dependency to a leader in sustainable development. Driven by Vision 2030 and the Saudi Green Initiative, the Kingdom is accelerating renewable energy projects, forming global partnerships, and promoting innovative practices like organic beekeeping, all while attracting significant green investment. Power Purchase Agreements have played a central role in this transition....

Tamimi Markets has entered a lease agreement with Yellow Door Energy to provide solar power for its distribution centers in Jeddah and Dammam, supporting Saudi Arabia’s Vision 2030 and the nation’s net-zero emissions target for 2060, according to information from Yellow Door Energy. Yellow Door Energy will handle the financing, design, construction, and operation of rooftop solar plants with a...

Saudi Power Procurement Company (SPPC) has finalized a power purchase agreement for the Yanbu wind Independent Power Plant, a 700-megawatt project in the Al-Medina Al-Munawwarah region, according to Zawya News Agency. The deal involves a consortium led by Japan’s Marubeni Corporation and Saudi Arabia’s Ajlan & Bros Holding. The project will be developed at a cost exceeding 1.7 billion Saudi...

Saudi Arabia’s ACWA Power is preparing for a major expansion in China’s renewable energy sector, focusing on solar, wind, green hydrogen, and desalination. According to the company, China is seen as a critical market, second only to Saudi Arabia, offering significant opportunities for long-term growth. Mohammad A. Abunayyan, Founder and Chairman of ACWA Power, announced at the Summer Davos meeting...

Hitachi Energy, in collaboration with Larsen & Toubro (L&T), will supply a 380 kV gas-insulated switchgear (GIS) to National Grid Saudi Arabia Company, the nation’s primary transmission operator. Saudi Arabia’s economic expansion has driven a sharp increase in electricity demand, making it one of the fastest-growing energy consumers in the Middle East and ranking as the 11th largest globally, according...

Saudi Arabia is advancing its largest renewable energy initiative, the 2.6 GW Al Shuaibah solar power plant, backed by significant financing. According to a press release, the project secured 8.3 billion Riyals ($2.2 billion) in funding, with 1.7 billion Riyals provided by the National Infrastructure Fund—marking its first investment in a project sponsored by Saudi Aramco. The Al Shuaibah plant...

Artificial intelligence is rapidly transforming the energy sector, driving a shift toward greater efficiency, sustainability, and cost control. According to KPMG’s Intelligent Energy report, energy companies are not just testing AI—they are scaling it across their operations to address challenges such as supply security, decarbonization, and expense management. The report highlights that 76% of surveyed energy leaders intend to increase...

Saudi Arabia has taken a major step toward sustainable transport with the introduction of public tariff pricing for electric vehicle (EV) charging stations by E-FILL, the national network operated by ASX E-Mobility, a subsidiary of AlSharif Group Holding, according to Zawya News Agency. EV drivers can now use E-FILL’s fast-charging stations at a standard rate of SAR 0.99 per kWh....