Announced Syrian renewable and power projects have produced signed instruments but no financial close
Claim ID
PROJ-001
Exact or summary claim
Announced Syrian renewable and power projects have produced signed instruments but no financial close
Destination
Chapter 8
Status
QUALIFIED
Source
Power International Holding release, 6 November 2025 (SRC-341); SANA (SRC-342); Enerdata (SRC-343, SRC-347); Anadolu on ACWA Power (SRC-363); REGlobal (SRC-345); UCC Holding on Siemens Energy (SRC-344); planning/matrices/transaction_register.tsv
Source type
Counterparty press releases and specialist trade reporting
Published
2025-11-06
Accessed
2026-08-22
Measure and scope
Transaction stage under planning/matrices/transaction_status.tsv. TR-011, the UCC concession for eight stations totalling 5,000 MW, is promoted to SIGNED_CONTRACT on the counterparty's own release naming signatories, place and material terms. No financial close, no engineering award and no confirmed groundbreaking is evidenced for any project. The Siemens Energy agreements are manufacturing slot reservations, which is not the appointment of an EPC contractor
Known conflict
The USD 7 billion attaches to a memorandum of 29 May 2025 and not to the concession, whose release states no value. SANA compresses eight stations into four and attaches the eight-station total to them. ACWA Power's own headline uses the verb 'Explore' and the agreement is to study 2.5 GW, split 1 GW solar and 1.5 GW wind, with no site identified. The Al-Harfi and Sakalko instrument is a memorandum and the Syrian-Turkish Energy instrument is a power purchase agreement, which are different objects. Three transactions found at the gate have no register row at all || D-226 REMEDIATION, 24 September 2026: 'the Syrian-Turkish Energy instrument is a power purchase agreement' is SUPERSEDED: SANA calls it a cooperation agreement (SRC-637). || Closing pass (D-249 to D-251), 29 September 2026, unit CL08: CLOSING PASS, 29 September 2026 (unit CL-B, D-250 item 2): the Saudi Press Agency reports three power purchase agreements signed on 5 August 2026 between Mohammed Ahmed Al-Harfi and the Syrian Electricity Company, 760 MW solar with 1,077 MWh storage, 20 to 25 years, prices from 3 US cents a kWh (SRC-716; SANA Spanish SRC-717 calls them three agreements); held at ANNOUNCED (TR-040). Also TR-041 (the Al-Harfi memorandum of 16 February 2026, SRC-637) and TR-042, TR-043 (two 210 MW projects the Ministry of Energy lists, SRC-718). Chapter 8 v66 line 95: the Syrian-Turkish instrument is one of two for renewable generation alone reported as power purchase agreements; no transaction has reached financial close (unchanged).
Specialist
Energy project finance
Downstream
Chapters 8, 9, 10 and 11
Action
Every project reference states its stage in the taxonomy's own words and its date. Do not aggregate announced capacity into a pipeline figure. The one power purchase agreement is the only offtake contract in the renewable pipeline and is named as such || D-226 REMEDIATION, 24 September 2026 (B-2): SUPERSEDED, the Action's 'The one power purchase agreement is the only offtake contract in the renewable pipeline'. The Syrian-Turkish Energy instrument is reported as a power purchase agreement (SRC-345) and called a cooperation agreement by the state news agency (SRC-637); name it with both descriptions and hold it at framework agreement. The state news agency also reports power purchase agreements signed with UCC (SRC-638) without naming the stations, so no sentence may call the STE instrument the only offtake contract; it is the only instrument for renewable generation alone reported as a power purchase agreement. || D-227 (Chapter 8 v59), 24 September 2026: the STE instrument is 'the only instrument for renewable generation alone reported as a power purchase agreement' AMONG THE TRANSACTIONS CHAPTER 8 SETS OUT, and no wider: the Ministry of Electricity's 2021 study (SRC-364) lists private-sector projects on power purchase agreements, 72 solar (19 MW) and one wind (5 MW) implemented under feed-in tariffs. The unbounded form is SUPERSEDED. || Closing pass (D-249 to D-251), 29 September 2026, unit CL08: CLOSING PASS, 29 September 2026 (unit CL-B, D-250 item 2): SUPERSEDED, the D-227 permitted form 'the only instrument for renewable generation alone reported as a power purchase agreement'. The permitted form is Chapter 8 v66 line 95: among the transactions the chapter sets out, the Syrian-Turkish instrument is one of two for renewable generation alone reported as power purchase agreements, the other the three Al-Harfi agreements of 5 August 2026 (TR-040), held at announced.