Saudi Arabia signs MoU with Softbank to establish world’s largest solar project

Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Vice President of the Council of Ministers and Minister of Defense and the Chairman of Board of Directors of the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia, signed on March 28 with Softbank Group Chairman and CEO Masayoshi Son, a memorandum of understanding (MoU) to set up “Solar Power Project 2030” to be the largest of its kind in the world in the field of solar energy.

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South Africa Launches R5 Billion Concentrated Solar Power Plant

A 50 MW concentrated solar power plant, built by Saudi Arabia’s ACWA Power-led consortium, was officially inaugurated on Monday in Bokpoort near Upington, the Northern Cape region of South Africa.

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Saudi’s ACWA Power gets $344 mln loan for Dubai solar project

Saudi Arabia’s ACWA Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday.

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