ACWA Power secures 5.5 GW solar deals in Saudi

• ACWA Power shines bright in Saudi Arabia with 5.5 GW solar projects, powering the nation towards a sustainable future.

ACWA Power has signed deals to develop, construct, and operate three solar projects in Saudi Arabia with a total capacity of 5.5 GW. The projects, named Haden, Muwayh, and Al Khushaybi, will supply power to the national grid under power purchase agreements with the Saudi Power Procurement Company. The contracts are worth SAR 12.3 billion and have a 25-year term, with the plants expected to be operational by the first half of 2027.

The solar plants will be located in the western and northern regions of Saudi Arabia and are part of the country's efforts to increase renewable energy capacity. ACWA Power's partner in the projects, Badeel, is owned by Saudi Arabia's Public Investment Fund. This announcement follows ACWA Power's recent financing for three other solar projects in the Kingdom, totaling 4.55 GW and costing USD 3.4 billion.

What are the details of ACWA Power's latest solar projects in Saudi Arabia?

• ACWA Power has signed deals to develop, construct, and operate three solar projects in Saudi Arabia with a total capacity of 5.5 GW.
  
• The projects, named Haden, Muwayh, and Al Khushaybi, will supply power to the national grid under power purchase agreements with the Saudi Power Procurement Company.
  
• The contracts are worth SAR 12.3 billion and have a 25-year term, with the plants expected to be operational by the first half of 2027.
  
• The solar plants will be located in the western and northern regions of Saudi Arabia.
  
• ACWA Power's partner in the projects, Badeel, is owned by Saudi Arabia's Public Investment Fund.
• This announcement follows ACWA Power's recent financing for three other solar projects in the Kingdom, totaling 4.55 GW and costing USD 3.4 billion.