The latest renewable energy news includes announcements on Saudi Power Procurement, Elgin, Altus Power, Arevon Energy, and others.
Saudi Arabia Opens 3.2 GW Solar and Wind Tender Across Three Projects
Saudi Power Procurement Company has launched prequalification for three renewable-energy projects totalling 3,200 MW under Round 8 of the National Renewable Energy Programme. The tender includes the 900 MW Tumair solar project in Riyadh province, the 1,000 MW East Al-Amoah solar project in Aseer province and the 1,300 MW Al-Mozeraah wind project in Makkah province. Solar accounts for 1,900 MW, or 59.4 percent of the tender, while wind represents 40.6 percent. Developers have until November 22 to submit prequalification applications. The projects will follow an independent power producer model, with successful developers signing power purchase agreements with SPPC. Financial bids and electricity tariffs have not yet been announced.
Elgin Acquires 57 MW Agrivoltaic and 15 MW Battery Project in Italy
UK renewable-energy developer Elgin has acquired a hybrid renewable-energy development in Italy’s Friuli Venezia Giulia region, comprising 57 MW of agrivoltaic generation and 15 MW of battery storage power capacity. Announced November 11, the acquisition is Elgin’s sixth project in Italy. The solar installation will combine photovoltaic generation with agricultural land use, while the battery system will provide colocated electricity storage. The two installations represent 72 MW of combined rated power capacity, although solar generation and battery discharge capacity are different measures. The announcement does not establish the battery’s energy storage capacity in MWh, the acquisition price, construction expenditure or commissioning schedule. These figures remain undisclosed.
Altus Power Acquires Nearly 200 MW Solar Portfolio and 10 MWh Battery Storage
US renewable-energy company Altus Power has acquired nearly 200 MW of solar generation assets and 10 MWh of battery storage from Arevon Energy. Reported November 11, the acquisition covers a multistate portfolio of existing renewable-energy installations. The transaction transfers ownership of distributed solar generation assets and associated storage infrastructure to Altus Power. The solar portfolio’s capacity is measured in MW, while the battery portfolio’s 10 MWh represents stored energy rather than discharge power. The transaction announcement cited in the original brief does not specify the acquisition consideration, individual project locations, number of installations, annual electricity output or contracted power purchase agreement prices. These details would be needed to assess the portfolio’s financial contribution.