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  • Storm Bella helps Great Britain set new record for wind power generation

    More than half of Great Britain’s daily electricity came from wind turbines for the first time on Boxing Day, as the country headed for its “greenest year on record”, due in part to the coronavirus. As Storm Bella arrived, bringing gusts of up to 100mph, wind provided 50.7% of Great Britain’s electricity according to data charting the power generation mix.

  • Decarbonizing power generation in Saudi Arabia: The role of gas

    Saudi Arabia’s energy mix is in the midst of a significant transformation as it explores more efficient and sustainable power generation solutions. To that end, the most recently published renewable target in Saudi Arabia aims to have around 60 gigawatts (GW) of renewable energy by 2030, including solar and wind power. As the Kingdom continues to decarbonize the power sector, gas fuelled power generation presents an excellent complement to renewable energy.

  • Saudi start-up goes for the power of 10

    The Helicopter Company (THC) is fully owned by the Public Investment Fund of Saudi Arabia, which has a strategy to activate new sectors that support the realisation of the kingdom’s Vision 2030 and generate long-term commercial returns. THC is the first and, so far, only licensed helicopter operator for commercial flights in Saudi Arabia, with the aim of developing reliable, ground-breaking transport solutions.

  • US Embassies Were Hit with High-Power Microwaves. Here’s How That Works

    A National Academies report sheds some light on the mysterious ailments that have afflicted U.S. personnel in several countries for several years.

  • European powers call Iran’s enrichment plans ‘deeply worrying’

    The governments of France, Germany and the United Kingdom expressed concerns over Iran's reported plan to install additional centrifuges at its Natanz nuclear facility.

  • KSA’s REDF empowers 73,000 Saudi women to own homes in 2020

    Saudi Arabia’s Real Estate Development Fund (REDF) – which provides diversified and balanced home financing options and integrates with the KSA Ministry of Housing’s programmes – has benefited more than 73,800 Saudi women with real estate loans between January and October 2020, in line with the firm’s mission to empower women to purchase homes of their own.

  • Hogan Lovells advises lenders to ACWA Power on Saudi Arabia desalination project, Jubail 3A

    Jubail 3A is the latest water desalination project to close in Saudi Arabia and the first desalination project to be financed in the Kingdom notwithstanding the Covid 19 pandemic. Jubail 3A has a capacity of 600,000 cubic metres a day.  The EPC contractor is a consortium of SEPCOIII, Power China and Abengoa with the operation and maintenance contract awarded to an affiliate of NOMAC.

  • Saudi Government Raises Ownership to Half of Global Solar Leader ACWA Power

    “We believe that ACWA Power will play a significant role in both driving and diversifying economic growth in the future – while also providing enduring commercial return for the people of the kingdom,” the fund said in a statement. In June, ACWA Power’s chief executive had told Reuters the company expects to achieve its target of more than $10 billion in new investments this year, as the coronavirus pandemic had “minimal impact” on its projects.

  • Paul Casey flips on playing in Saudi Arabia: ‘I believe sport has the power to affect change.’

    “This is not a decision I’ve taken lightly. I wasn’t comfortable going in the past, but I have always been open-minded and willing to learn. I believe sport has the power to affect change. I’ve listened to the Saudi’s commitment to this and their vision for the future,” Casey said in a statement released to Golfweek a few other select members of the media. “They have successfully hosted two professional ladies tournaments which shows that Golf Saudi have big plans not only for professional golf, but more so for grassroots and the next generation.”

  • Saudi Arabia’s ACWA Power Set to Raise $1 Billion in Sukuk Sale

    Saudi Arabia’s Acwa Power International, half-owned by the kingdom’s sovereign wealth fund, is planning to raise about $1 billion by selling Islamic bonds early next year, according to people familiar with the matter. The company, one of the largest developers of power plants in the Middle East, has appointed the Saudi unit of HSBC Holdings Plc (LON:HSBA) and Samba Capital to advise on the issuance, the people said, asking not to be identified as the information is private. The sukuk, as Islamic bonds are known, will be used to help fund Acwa’s share of an $8 billion acquisition of gasification and power assets at Jazan on Saudi Arabia’s west coast.