acwa

August 16, 2021
A consortium that is developing Saudi Arabia’s largest solar project has reached financial close for the plant and has secured the backing of state oil producer Saudi Aramco.
April 30, 2020
Fifth phase of 5GW Mohammed bin Rashid Al Maktoum Solar Park will be deployed by ACWA, GIC-led consortium, chosen last November after tabling bids of US$0.016953/kWh
April 6, 2020
Kingdom pre-selects ACWA, First Solar, Marubeni, Masdar and others for projects ranging from 20MW to 600MW, with ultra-low prices heralding new PV boost in Middle Eastern kingdom.
October 31, 2019
The 200MW project n Egypt’s West Nile province will be one of Egypt’s largest solar parks, not far from the Benban solar complex and construction is expected to start in 2021.
June 24, 2019
Deal brings Beijing’s fund for the Belt and Road Initiative closer to 1.668GW Saudi clean energy developer it has partnered with for past PV projects.
March 25, 2019
Dubai Electricity and Water Authority (DEWA) and a consortium led by Saudi Arabia’s ACWA Power and Chinese government-owned Silk Road Fund, have achieved financial close on the 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.
November 5, 2018
Dubai Electricity and Water Authority (DEWA) has added 250MW of solar PV to its agreement with a consortium led by Saudi-based developer ACWA Power for capacity in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is already one of the world’s largest Concentrated Solar Power (CSP) developments.
July 5, 2018
A Saudi Arabian sovereign wealth fund has taken a 15.2% stake in ACWA Power, a dominant solar power developer in the Middle East.
February 6, 2018
ACWA will sign a PPA for one of the lowest ever solar tariffs of Halala 8.7815/kWh (~US$2.342) tomorrow.
January 22, 2018
Saudi’s initial solar bids for the 300MW Sakaka project slipped below two US cents per kWh, but the lowest bid was rejected. We take a look at a claim that its championing of bifacial technology was the root cause.

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