A consortium comprising ACWA Power, Water and Electricity Holding Company, and Saudi Aramco Power Company achieved financial closure of $8.2 billion for seven large-scale renewable energy projects with a cumulative capacity of 15 GW. This capacity comprises 12 GW of solar and 3 GW of wind projects. These projects are expected to be operationalized between the second half of 2027 and the first half of 2028. The Saudi Power Procurement Company will offtake the entire capacity.

The United Arab Emirates announced the launch of energy projects worth $1 billion in Yemen to support the rebuilding of its energy sectors. Abu Dhabi firm Global South Utilities will implement the projects. The portfolio of projects would include wind and solar projects, as well as the development of distribution networks in the country.

Türkiye‘s Renewable Energy Resource Zone announced that its eight solar tenders attracted about $400 million in investment and allocated 650 MW of capacity. Energy and Natural Resources Minister of Türkiye, Alparslan Bayraktar, said that 77 bids were received for the tenders. The Minister added that Türkiye is working on various methods and business models to tap its wind, solar, geothermal, and other renewable energy potential. After the wind tenders scheduled for December by Türkiye are finalized, the country’s awarded capacity is expected to reach nearly 4 GW.

AB Energy, an Oman-based renewable energy technology company, announced a partnership with China-based Wuxi Longmax Technology to support the development, manufacture, and assembly of a mobile solar power project in the country.

Morocco’s Minister of Investment, Convergence, and the Evaluation of Public Policies signed an investment agreement with GPM Holding SA to establish a green polysilicon production unit in the country’s El Quatia industrial zone. The project will be established with an investment of AED 8 billion (~$2.17 billion).