Saudi Arabia’s Ministry of Energy announced on March 7 that the Saudi Power Procurement Company (SPPC) as the principal buyer has signed the PPAs for the Al (Ar) Rass and Saad PV Projects. Together, the two projects are set to have a generation capacity of around 1GW and entail a total investment of around USD […]
Saudi Government Raises Ownership to Half of Global Solar Leader ACWA Power
CAIRO/DUBAI : The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power to 50% from 33.6% as part of a move to support the renewable energy sector in Saudi Arabia. ACWA Power is planning an initial public offering and leads a consortium that will […]
