Energy

VivoPower International PLC has announced that its subsidiary, Tembo e-LV, has entered into a major distribution agreement with Green Watt, a leading Saudi Arabian energy and environmental solutions provider. According to Globe Newswire, the deal is valued at up to $85 million and will see Green Watt sell and distribute 1,600 Tembo electric utility vehicles (EUVs) in the Kingdom of...

Shanghai Electric has joined forces with Masdar, the Abu Dhabi-based renewable energy company, to develop the Al Sadawi Solar Photovoltaic Project in Saudi Arabia. This initiative is part of the Kingdom’s National Renewable Energy Programme, Round 5, which aims to diversify Saudi Arabia’s energy sources and increase its renewable capacity, according to Shanghai Electric. The Al Sadawi project, located in...

Saudi Arabia’s stock market experienced modest growth this week, led by gains in major companies and strengthened energy partnerships. The Tadawul All Share Index edged up 0.04% to close at 11,597.35 points, according to the Associated Press. Red Sea International’s shares surged nearly 10%, while Allied Cooperative Insurance also performed strongly. In contrast, Riyad Bank recorded a 5.29% drop. A...

The United States and Saudi Arabia are preparing to sign a preliminary deal to collaborate on developing a civil nuclear program, according to US Energy Secretary Chris Wright. Speaking in Riyadh after meeting with His Royal Highness Prince Abdulaziz bin Salman, Saudi Minister of Energy, Secretary Wright emphasized that both nations are working towards a partnership that aligns with their...

A recent high-level visit signals a new chapter in relations between the two countries, emphasizing innovation, sustainable growth, and impactful joint ventures. Key discussions are set to revolve around renewable energy partnerships and the exchange of industrial expertise. According to official data, bilateral trade surpassed $6 billion in 2023. Strategic cooperation will expand into vital sectors, including pharmaceuticals, food production,...

Tanmiah Food Company, a leader in poultry and protein products, has partnered with Emerge, a collaboration between Masdar and the EDF Group, to establish a solar power plant at its Haradh facility. This initiative aligns with Saudi Arabia's clean energy goals and reinforces Tanmiah's commitment to sustainability. The project involves the development of a 3 megawatt-peak (MWp) solar power plant,...

EVIQ, a major player in Saudi Arabia's electric vehicle infrastructure sector, has launched its inaugural highway charging station at SASCO Aljazeera, situated on the crucial Riyadh-Qassim highway. This development marks a significant stride in promoting sustainable transportation across the region. The new charging station aims to ease long-distance travel challenges for electric vehicle users, potentially increasing EV adoption and supporting...

Tesla is set to make its debut in Saudi Arabia on April 10th with a showcase at Riyadh's Bujairi Terrace. This event will highlight Tesla's electric vehicles, solar energy innovations, and advancements in AI and robotics. The official launch announcement came through Tesla's website and social media, inviting attendees to explore a future powered by solar energy and electric vehicles....

Aramco has unveiled Saudi Arabia’s inaugural carbon dioxide direct air capture (DAC) test unit, designed to eliminate 12 tons of CO2 annually. This initiative, in partnership with Siemens Energy, marks a significant step in Aramco's strategy to enhance its direct air capture capabilities. The facility serves as a test bed for cutting-edge CO2 capture materials, tailored to the unique climate...

The Saudi Electricity Company (SEC) has unveiled its financial performance for 2024, highlighting a total operating revenue of SR88.7 billion ($23.6 billion), an 18% increase from the previous year's SR75.3 billion ($20.1 billion), according to the Associated Press. This growth is attributed to sustained electricity demand, enhanced power generation, the expansion of regulated asset bases, and higher weighted average cost...