Energy

Construction of the NEOM Green Hydrogen Company’s major facility in Oxagon, northwestern Saudi Arabia, is now 80% finished, according to the company. This milestone covers significant advancements in the hydrogen production plant, wind and solar power installations, and supporting infrastructure. NEOM Green Hydrogen Company is a partnership between ACWA Power, Air Products, and NEOM, the group behind Saudi Arabia’s ambitious...

GameChange Solar is set to double its manufacturing capacity in the Kingdom of Saudi Arabia, reaching 6 GW annually by September 2025, according to the company. This expansion will allow the facility to continue producing the advanced Genius Tracker™ systems, designed for large-scale solar projects. The move aligns with Saudi Arabia’s Vision 2030, which aims to position the Kingdom as...

SNT Gulf, a subsidiary of SNT Energy, has secured a significant milestone in Saudi Arabia by signing a Localization Agreement with the Saudi Localization Procurement Service. This agreement officially lists SNT Gulf on Saudi Arabia’s "Mandatory Product List" for Heat Recovery Steam Generators (HRSG), a move aligned with the nation’s Vision 2030 initiative to boost local industry and technological independence,...

Aljomaih Energy and Water Company, based in Saudi Arabia, has reached financial close on the 300 MW Rabigh 2 Solar Independent Power Plant project, in partnership with TotalEnergies Renewables of France. According to a company statement, the project is valued at 825 million Saudi riyals and is supported by a consortium of lenders, including Al Rajhi Bank, ADCB, SMTB, and...

The Shuaibah Solar Power Plant near Jeddah is on track to become the largest renewable energy project in the Middle East, with a planned capacity of 2.6 gigawatts. According to China Energy Engineering Corporation (CEEC), which is leading the commissioning, the facility is expected to generate more than 282 billion kilowatt-hours over 35 years and reduce carbon dioxide emissions by...

A new joint venture, backed by the Ministry of Energy, has been launched in Saudi Arabia to boost local manufacturing in the conventional power sector. The partnership includes Dalian Insulators Group, Power Union Company (a subsidiary of Al-Ojaimi Industrial Group), and GREENGRID Company. The agreement was signed in Riyadh as part of the Ministry’s Nuwat’in program, which seeks to build...

Hyliion Holdings Corp. and Alkhorayef Industries Company have signed a strategic memorandum of understanding (MOU) during the Saudi–U.S. Investment Forum in Riyadh, marking a significant step toward advancing energy solutions in Saudi Arabia. According to Business Wire, the agreement outlines a potential $1 billion business opportunity focused on deploying Hyliion’s KARNO Power Modules in the Kingdom. This partnership was announced...

ACWA Power, a global leader in renewables and water desalination, has signed new agreements with major US companies valued at $500 million, according to the EI News Network. These deals, announced during the Saudi–US Investment Forum in Riyadh alongside the official visit of US President Donald Trump, increase ACWA Power’s total partnerships with American firms to over $6 billion. The...

China Energy has launched the Shuaibah Solar Power Plant in Jeddah, establishing it as the Middle East’s largest solar facility with a capacity of 2.6 GW, according to China Energy. The plant is designed to generate over 282 billion kilowatt-hours of electricity during its projected 35-year lifespan, utilizing advanced photovoltaic technology and automated systems. This project is a significant step...

ACWA Power, a Saudi company specializing in power generation, water desalination, and green hydrogen, has entered into multiple clean energy agreements with U.S. firms valued at $500 million, according to company disclosures. The company has partnered with Baker Hughes to advance green hydrogen production, focusing on electrolysis technology and improved safety and efficiency. This collaboration may also lead to local...