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The Karadzhalovo solar plant in Bulgaria. (Image source: ACWA Power International)

ACWA Power International, the Saudi-based water and power developer, has signed an agreement to acquire a 42 per cent stake in a solar photovoltaic (PV) plant located in Karadzhalovo, Bulgaria

An artists impression of the Masdar city solar plant. (Image source: First Solar)

US-based First Solar considers the Middle East as a key market for its solar technology and an area in which it is looking to expand its operations, especially in Saudi Arabia, according to the companys business development manager

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