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Onwards, upwards and outwards

Within a very short space of time ACWA Power International has transformed itself from a small speculative investment firm into one of the leading private power and water developers in Saudi Arabia, but its aspirations do not stop there.

Saudi-led consortium wins $2bn solar power contract

The Moroccan solar energy agency has awarded a consortium led by Saudi Arabia's ACWA Power International has won a $2bn contract to build two concentrated solar power plants in Morocco.

ACWA acquires controlling stake in Jordan’s largest power generation company

Saudi Arabian water desalination and power generation company ACWA Power International has completed an acquisition that means that it owns a controlling stake in Jordan's largest electricity producer, Central Electricity Generating Co (CEGCO).

VTU Energy hails success of Morocco solar park

Austria's VTU Energy provided the plant accounting and settlement system for the recently-opened Noor 1 solar park in Morocco.

Awards for phase 3 of Dubai solar park in Q1

Dubai is to announce the winners of the third phase of a $3.3 billion solar energy park in the first quarter.

Dubai desert solar park marks milestone

Dubai's desert solar park has marked the completion of 200 MW of solar power build one month ahead of schedule.

OPC to sign power deal with Haifa Oil Refineries

OPC power plant at Mishor Rotem in the Negev in Israel is poised to sign a 10-year contract with Haifa Oil Refineries to sell 115 MW, starting at the end of 2012. The deal is worth $55m a year.

NEWS/ Middle East Update

Abu Dhabi-based Emirates Nuclear Energy (Enec) has announced that a total of three consortia have made it onto the prequalification shortlist to build the UAE’s first nuclear power station.

International

Twelve European companies including ABB and Siemens have launched a €400bn ($560bn) initiative to build huge solar farms in Africa and the Middle East to produce energy for Europe.

COMPANIES

Kohlberg Kravis Roberts (KKR), one of the world's biggest private equity groups, has made its first European renewable energy investment by teaming up with an Italian power company building wind farms in France, according to the Financial Times.

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