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Saudi Power Procurement Company announces signing of PPA for Al Henakiyah Solar PV project -SPA

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In Short : The Saudi Power Procurement Company (SPPC) has announced the signing of a Power Purchase Agreement (PPA) for the Al Henakiyah Solar PV project. The project aims to harness solar energy for power generation, contributing to Saudi Arabia’s renewable energy goals. The agreement marks a significant milestone in the country’s efforts to diversify […]

AMEA Power expands its presence in East Africa by signing a power purchase agreement with Electricite de Djibouti

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For a 25MW Solar PV Plant with battery storage The 25-megawatt solar project with Battery Storage will support Djibouti’s clean energy ambitions by generating 55 GWh of clean energy per year, enough to reach more than 66,500 people The project is being fully developed by AMEA Power under a Build-Own-Operate and Transfer (BOOT) model Dubai, […]

Egypt’s first financed solar battery PPA project secures financing – EQ Mag Pro

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A solar energy company spearheading a solar-plus-storage project in Egypt has secured $2.4 million in financing for the project. KarmSolar secured the $2.4 million from Qatar National Bank ALAHLI, while Ezdaher Financial Advisory assisted with the deal. KarmSolar’s co-founder and CEO Ahmed Zahran described the project as “Egypt’s first financed solar battery PPA project”, adding: […]

Latest Developments on the “Solar 1000MW” Project in Algeria – EQ Mag Pro

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The submission deadline of proposals for the “Solar 1000MW” project in Algeria has been postponed. The deadline was postponed due to requests from domestic and foreign investors. The request for proposals first opened in December 2021. The first deadline for submission of proposals was April 30, 2022. However, investors asked for deadline extensions twice. This […]

EGYPT: Solariz to supply solar energy to Electrolux factories in Cairo – EQ Mag Pro

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Swedish home appliances manufacturer Electrolux is entering into a multi-year partnership with SolarizEgypt. The solar photovoltaic energy provider will install power plants to supply Electrolux’s factories in the Cairo governorate of Egypt. Electrolux is going green. And what better way to achieve its goals than with solar energy. The appliance manufacturer has entered into a […]

Power Purchase Agreement for Layla PV Solar IPP in Al-Aflaj, Saudi Arabia, Signed – EQ Mag Pro

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A 30-year power purchase agreement (PPA) for the 91 megawatts Layla PV Solar IPP in Al-Aflaja governorate of Riyadh province in Saudi Arabia, has officially been signed. The contract was signed between Acwa Power subsidiary, Layla Solar Energy Company, and Saudi Power Procurement Company, the ‘Principal Buyer’ responsible for managing capacity and electrical energy produced […]