Saudi’s ACWA Power has begun construction of the Redstone concentrated solar power (CSP) plant in South Africa.
ACWA Power has signed a $114 million financing deal for its Kom Ombo solar plant, which will add 200 MW to Egypt’s power sector.
It is a fact of life that if you want to achieve net zero you need the technology that can make it happen. You can play around with what you think are smart economic wheezes such as contracts for difference and carbon tax but if you don’t have the technology to enable you to stop burning hydrocarbons then ultimately, they’re of no benefit whatsoever.
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in ACWA Power to 50%, from 33.6%.
The Red Sea Development Co. (TRSDC) has contracted ACWA Power to provide renewable energy to the tourist site.
Air Products has signed a deal with ACWA Power and Neom on the construction of a green hydrogen-ammonia facility in northwest Saudi Arabia.
Dubai Electric and Water Authority (DEWA) has awarded the fifth phase of a solar park project to a consortium led by ACWA Power claiming a new record price.
A South African solar power plant has set a new African record for the continuous, round the clock supply of electricity.