Glasspoint to start Maaden solar thermal showcase
27 November 2024
US-based GlassPoint, in partnership with the Ministry of Investment of Saudi Arabia (Misa), said it is moving towards building a technology showcase, which is the first step towards the construction of the planned $1.5bn industrial solar thermal project catering to mining and metals firm Saudi Arabian Mining Company (Maaden).
GlassPoint has also partnered with Cox as its technical and delivery partner to build the GlassPoint Maaden Technology Showcase (GMTS) and "several additional solar thermal projects globally".
GlassPoint said: "The GMTS is the first stage in building the world’s largest industrial solar thermal project, Maaden I, a $1.5B project which will combine direct solar to heat technology with advanced thermal storage to accelerate the decarbonising of Maaden's aluminum supply chain."
However, the company has yet to disclose the actual timeline for the construction of the main solar thermal plant.
To support these projects for Maaden and to export high-technology renewable energy components to the region, Glasspoint and Misa plan to construct a state-of-the-art solar manufacturing facility in the kingdom.
GlassPoint specialises in decarbonising industrial process heat. MEED previously reported that the project's first stage will have the capacity to supply 9 tonnes of steam an hour to begin decarbonising Maaden's aluminum supply chain.
It will combine the direct generation of heat and storage to provide a continuous base load of steam to Maaden's alumina refinery in Ras Al-Khair.
The initial capacity will be about 1% of the larger project, which is expected to save Maaden's refinery more than 12 metric million British thermal units (MMBtus) of energy and reduce carbon emissions by 600,000 tonnes annually.
GlassPoint signed a memorandum of understanding with Maaden to develop Maaden Solar 1, potentially the world’s largest solar process heat plant, in June 2022.
When complete, Maaden Solar 1 will be a 1,500 megawatt-thermal (MWth) facility.
The technology showcase "is an important first step to kick off project development and begin building on location", said GlassPoint founder and CEO Rod MacGregor at the time.
It is understood that low-carbon aluminum increasingly commands a premium with industrial companies that are seeking to meet sustainability requirements from their customers.
"New policies such as the EU's carbon border adjustment mechanism will tax high-carbon imports and make low-carbon aluminum, enabled by solar thermal solutions, even more appealing," GlassPoint said.
The technology showcase will include several new advancements from GlassPoint that are expected to reduce the cost of its solutions by more than 30%.
Enhancements include GlassPoint's Unify storage system, which uses direct heat and ternary molten salts to provide around-the-clock steam, as well as lighter materials that will boost solar efficiency and reduce weight, materials, carbon intensity, shading and the levelised cost of energy.
Solar factory
In October last year, GlassPoint announced a partnership with the Ministry of Investment Saudi Arabia (Misa) to build a solar manufacturing facility in the Eastern Province of the kingdom.
At full capacity, the planned factory will produce enough renewable energy technology annually to generate 5,000 tonnes of solar steam a day, which will be sufficient to offset 4 MMBtus of gas and reduce carbon emissions by 200,000 tonnes each year.
Technology manufactured at the facility will be used for projects in the metals and mining, building materials and other industrial sectors.
GlassPoint’s enclosed trough concentrated solar power technology uses large, curved mirrors to focus sunlight on a boiler tube containing water. The concentrated energy boils the water to produce high-quality steam, which is fed into existing industrial operations.
A self-cleaning structure encloses and protects the solar collectors from wind, sand and dust. The structure protects the operational environment, enabling lightweight mirrors and components.
Exclusive from Meed
-
Populous wins Bahrain Sports City contract21 April 2026
-
Entries now open for MEED Projects Awards 202621 April 2026
-
Work advances on Saudi Maaden mine renewables project21 April 2026
-
Egypt to build Olympic Village project on Red Sea21 April 2026
-
Algeria launches oil and gas licensing round21 April 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Populous wins Bahrain Sports City contract21 April 2026

US-based engineering firm Populous has won a BD5m ($13.5m) contract for the Sports City development at Sakhir in Bahrain.
The contract was awarded by Bahrain’s Ministry of Works, Municipalities Affairs & Urban Planning.
The scope covers pre-contract consultancy services, including finalising the masterplan and internal infrastructure, completing phase 1A design works and preparing tender documents.
Populous is a specialist sports venue designer that formerly operated as part of HOK Group.
The contract was first tendered in 2021, when Populous emerged as the sole bidder.
At the time, it was reported that Sports City would include Bahrain’s largest sports stadium and a multi-purpose indoor sports arena.
The project is expected to provide renewed impetus to Bahrain’s construction and transport sector, which has struggled in recent years, with the total value of awarded contracts falling for a third consecutive year.
According to regional project tracker MEED Projects, about $400m-worth of contracts had been awarded in Bahrain by the end of October last year – less than half the $1.2bn recorded during the same period the previous year.
The sector has yet to return to pre-pandemic levels. Before 2020, Bahrain consistently awarded more than $2bn in contracts annually, peaking at nearly $4bn in 2016.
Bahrain’s construction industry is forecast to record average annual growth of 4.9% in 2026-29, supported by investments in transport infrastructure and renewable energy projects aligned with Bahrain’s Economic Vision 2030.
Vision 2030 includes the BD11.3bn ($30bn) Strategic Projects Plan, unveiled in October 2021, encompassing 22 national infrastructure projects. It also includes plans to create five new cities by 2030: Fasht Al-Jarm, Suhaila Island, Fasht Al-Azem, Bahrain Bay and the Hawar Islands.
Growth over the forecast period is also expected to be driven by investments under the National Renewable Energy Action Plan, which targets a 30% reduction in carbon emissions by 2035, compared to 2015 levels, and aims to achieve net-zero emissions by 2060.
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16487784/main.jpg -
Entries now open for MEED Projects Awards 202621 April 2026
The MEED Projects Awards in association with Mashreq 2026 have officially opened for entries, inviting companies, developers, contractors and project teams to submit their projects for the region’s most prestigious construction awards.
For over 15 years, the MEED Projects Awards have celebrated the Middle East and North Africa’s most ambitious and transformative projects, recognising technical excellence, innovation, sustainability and delivery impact. Past editions have highlighted landmark developments that set new benchmarks for the region’s built environment, including internationally recognised projects such as Burj Khalifa and Louvre Abu Dhabi.
“The MEED Projects Awards are the gold standard for recognising outstanding achievements in construction across Mena, showcasing the region’s technical and design excellence while bringing the industry together to celebrate and connect over the very best projects of the year,” said Ed James, head of content and research at MEED.
“As a long-standing partner of the MEED Projects Awards, Mashreq is proud to support a programme that is recognised for its independence, credibility and industry impact. These awards celebrate projects that set benchmarks for excellence and contribute meaningfully to the region’s development,” said Arun Mathur, executive vice-president and global head of contracting finance at Mashreq.
Winners are chosen through a rigorous, independent judging process, led by a panel of more than 50 senior industry experts representing developers, contractors, engineers and project specialists. The awards celebrate projects across a wide range of sectors, including Building, Transport, Energy, Water, Healthcare, Education, Hospitality, Culture, Industrial, Power, Small Projects and Developments.
Being shortlisted or winning a MEED Projects Award places a project among the region’s elite, offering regional recognition, global exposure and industry credibility.
Submissions are now open, with full category details and entry guidelines available on the official entry platform.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16487756/main.gif -
Work advances on Saudi Maaden mine renewables project21 April 2026

Local contractor Arabian Qudra Company is advancing construction works on an integrated solar photovoltaic (PV) and battery energy storage system (bess) project at the Al-Baitha bauxite mine in Saudi Arabia.
The off-grid facility will integrate an 8MWp solar PV array with a 30MWh bess, allowing the mine to operate almost entirely on renewable energy.
Emerge, a joint venture of Masdar and EDF Power Solutions, is developing the project, including managing financing, design, procurement, construction, operation and maintenance.
Last August, MEED reported that Maaden Bauxite & Alumina Company (MBAC), a subsidiary of Saudi Arabian Mining Company (Maaden), had signed a 30-year power purchase agreement with Emerge to supply its Al-Baitha bauxite mine with renewable energy.
Arabian Qudra Company was subsequently appointed as the engineering, procurement and construction (EPC) contractor, with works beginning at the start of 2026.
The firm is a subsidiary of Abunayyan Holding Company, a privately owned Saudi industrial group.
The project is expected to generate around 17,300MWh of electricity annually and provide a continuous 24/7 power supply. It will reduce carbon dioxide emissions by approximately 13,800 tonnes a year.
According to projects tracker MEED Projects, construction is expected to be completed in early 2028.
Maaden Solar 1
Maaden is also in the early stages of developing Maaden Solar 1, potentially the world’s largest solar process heat plant.
MEED previously reported that US-based GlassPoint had partnered with Saudi Arabia’s Ministry of Investment as a first step towards construction of the planned $1.5bn project.
In 2025, Spain-headquartered Cox Energy signed a collaboration agreement with the client to participate in the project. The client had been expected to invest approximately $31.1m in the first phase of the project.
Once complete, Maaden Solar 1 will be a 1,500 megawatt-thermal (MWth) facility. A timeline for the project remains unclear, with construction not expected to begin until at least 2027.
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16487404/main.jpg -
Egypt to build Olympic Village project on Red Sea21 April 2026
Egypt has moved to back a major new sports development on the Red Sea coast, officially assigning a 225-acre plot for a planned Olympic Village in the Red Sea Governorate.
The site is located opposite the resort destination of El-Gouna, giving the project access to an established tourism corridor.
The development is intended to strengthen Egypt’s ambition to become a hub for international sports tourism, with facilities designed to support large-scale regional and global championships.
Plans include stadiums and purpose-built arenas designed to meet Olympic-level requirements, enabling the complex to accommodate multiple sports and event formats.
To support visiting delegations and spectators, the Olympic Village is expected to include on-site hospitality facilities, including a hotel.
The project is intended to operate as an integrated, self-contained destination capable of staging regional and international tournaments, while also leveraging the Red Sea’s year-round appeal for camps, friendlies and seasonal training programmes.
According to UK analytics firm GlobalData, Egypt’s residential construction sector is expected to grow by 8.3% from 2026 to 2029, supported by investments in the housing sector and the government’s focus on addressing the country’s growing housing deficit amid a rising population.
The commercial construction sector is expected to register real-term growth of 6.6% in 2026-29, supported by a rebound in the tourism and hospitality markets and an improvement in investment in office buildings and wholesale and retail trade activities.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16485900/main.jpg -
Algeria launches oil and gas licensing round21 April 2026
Algeria has launched a new bid round offering seven exploration blocks to international companies.
The round was launched by the National Agency for the Valorisation of Hydrocarbon Resources (Alnaft), which manages and regulates the upstream oil and gas sector in the country.
The blocks are located in the regions of Ouargla, Illizi, Touggourt and El-Bayadh. Both oil and gas assets are included.
The blocks on offer are:
- Est Bordj Omar Driss 1
- Illizi Centre 1
- El-M’Zaid Nord
- El-Borma 2
- El-Hadjira 3
- El-Benoud Est
- Touggourt Sud
Technical evaluation of bids will cover exploration, development and production optimisation plans.
All bids – except those for Est Bordj Omar Driss 1– will also be assessed against financial criteria, including the bidder’s participation rate in financing upstream operations.
Successful bidders will access the assets through contracts with Sonatrach, either via production service agreements or participation agreements, depending on the block.
Algeria is currently seeing an uptick in demand for its gas exports due to the disruption to exports from Qatar and the UAE in the wake of the US and Israel’s attack on Iran on 28 February.
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16478927/main.png