ACWA Power signs deal to develop wind, battery storage in In Short – ACWA Power secures a contract to advance wind energy and battery storage projects in Uzbekistan, fostering sustainable energy development in the region. In Details – Saudi Arabia’s ACWA Power said March 31 that it has signed an agreement for development of a […]
ACWA Secures Around ZAR 11.6 Billion in Funding to Build the Largest Concentrated Solar Power Plant in South Africa
ACWA Power (ACWA) announced on May 10 that it has reached the financial close for the Redstone Concentrated Solar Power Plant (Redstone CSP) in South Africa. The funding of this project has come to nearly ZAR 11.6 billion. Based in Saudi Arabia, ACWA builds various types of power plants and desalination facilities around the world. […]
ACWA Power signs financing package for USD1 billion gas power project in Uzbekistan
1500 MW Sirdarya CCGT plant to provide cleaner, more efficient and cost-competitive gas power that can be utilised across industries in Uzbekistan and is expected to meet 15 percent of power demand in Uzbekistan Syndicate of seven international lenders to provide USD750 million senior debt for the project Riyadh, KSA, 01 April 2021: ACWA Power, […]
ACWA to deliver green utilities for Saudi eco-tourism hub
The Red Sea Development Company (TRSDC) has awarded a contract to a consortium led by ACWA Power to deliver renewables infrastructure. The consortium will design, build, operate and transfer utilities infrastructure for The Red Sea Project, a tourism destination powered by renewable energy on the Saudi Arabian Red Sea coast. Energy will be generated by […]
ACWA, GIC consortium wins Dubai solar park deal
A consortium led by ACWA Power and Gulf Investment Corporation has been named the preferred bidder to build and operate the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park by the Dubai Electricity and Water Authority (DEWA). The park will generate solar power using photovoltaic (PV) solar panels based on the […]