ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai
ACWA Power has announced that ICBC is acting as the mandated lead arranger for a US$1.5 billion senior loan for the fourth phase of the Mohamed bin Rashid Solar Park, the largest thermo-solar power plant in the world. Financial close is expected shortly.
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Country news
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January 30, 2018
Contract for world's largest waste-to-energy plant awarded
The Municipality of Dubai has awarded the build, operate and transfer (BOT) contract for a waste-to-energy plant, set to be the largest in the world, to a consortium comprising BESIX, Belgium's largest construction company, and Hitachi Zosen Inova, an experienced waste-to-energy developer based in Switzerland.
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January 23, 2018
Third phase of Dubai clean coal plant underway with consultancy tender
Dubai’s Electricity and Water Authority (DEWA) has announced plans for Phase III of the Hassyan clean coal power plant. The authority began tendering for advisers in late December, seeking advisory services for the development of the project, which is to be developed by an independent power producer.
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January 09, 2018
Two bids shortlisted in Saudi Arabia's first utility-scale solar tender
The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has shortlisted two bids to develop a 300MW solar photovoltaic plant in Sakaka, Al Jouf. This is the first competitively tendered utility-scale solar project in the country.
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October 04, 2017
World's lowest-ever bid for 300 MW solar project in Saudi Arabia
The consortium formed by EDF Energies Nouvelles and Abu Dhabi’s renewable energy company Masdar has submitted the world`s cheapest price for Saudi Arabia’s first solar project, in Sakaka.
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September 20, 2017
Shanghai Electric, ACWA win US$3.9 billion CSP tender in Dubai
An ACWA Power, Shanghai Electric consortium has been awarded the fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park, the largest single-site CSP plant in the world.
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