Author: Abdulaziizi
The plant is powered by Mitsubishi Power’s hydrogen-ready M701JAC gas turbine and steam turbine, and has a combined cycle output of 680.9 MW
The project will surpass ACWA Power’s existing 1.1 GW Suez Wind Farm and become the country’s largest single-asset Independent Power Producer (IPP)
The deal expands ACWA Power’s regional footprint, adding 4.61 GW of power and 1.11 million m³/day of water capacity.
The agreement will focus on geothermal power generation, heating, ventilation, and air conditioning (HVAC) applications, as well as compressed air energy storage
The projects, set to be developed under a build-own-operate (BOO) model, are located across key regions
The project will generate enough renewable electricity to power 36,000 homes annually while offsetting 190,000 tonnes of carbon dioxide emissions.
WABAG will oversee the design and construction of the sewage treatment plant
The contracts are part of the broader Iraqi Electrical Super Grid initiative, financed through SEK and EKN loans.
ACWA Power will act as the lead developer, investor, and operator of green hydrogen and green ammonia production facilities, while SEFE will serve as a co-investor and primary offtaker
The latest deals bring Penspen’s total 2024 sales to over $225 million, reinforcing its role in global energy infrastructure.