Belectric and Sun & Life are building Saudi Arabia's largest solar power plant in Dhahran.
Masdar succeeded in getting US$615mn in financing from banks for the world's biggest concentrated solar power plant (CSP).
Polysilicon Technology Co. (PST) signed an engineering, procurement and construction contract to set up a polysilicon plant in Jubail to manufacture solar-energy cell material.
The signing of the Shams 1 solar power project financing in the UAE last month has opened the way for a burgeoning in renewable energy in the Gulf, said Standard & Poor's Ratings Services in a new report.
Saudi Arabia expects renewable sources to contribute greater amounts to its total energy consumption as its need for power triples over the next two decades.
Alain Charles Middle East FZ-LLC
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