Saudi Arabian developer ACWA Power has set its sights on an accelerated growth trajectory after China’s Silk Road Fund completed the purchase of a minority stake in the firm’s renewables arm.
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.
