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.
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