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
Renewables
First Solar looking for a greater presence in the Middle East
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
Renewable energy growth to surge more than 40 per cent by 2017

An IEA report has forecast that global renewable energy will grow 40 per cent through 2017. (Image source: Dennis van Zuijlekom/Flickr)
The International Energy Agencys (IEA) first renewable energy market report has predicted that renewable power generation across the globe will increase by more than 40 per cent in the six years through 2017
Opportunities exist for the private sector in the GCC renewable energy sector says Deloitte
A new report by Deloitte highlights the positive effect that recent changes in regional policies towards renewable energy will have on private sector opportunities in the GCC