Browsing: ACWA Power

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.

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

ACWA Power and Snam will assess the feasibility of a green hydrogen supply corridor linking Saudi Arabia with key European markets, including Italy, Austria, and Germany

The loan, with a 20-year tenure, will finance the development, construction, and ongoing operation and maintenance of the wind farm.

The Saudi Water Partnerships Company (SWPC) announced the decision after completing its evaluation of bids from the private sector.

Acwa Power aims to close 2024 with 1.3GW of renewable capacity in China.

For this project, Sineng will provide its advanced 8.8MW MV turnkey stations, each comprising 2 units of 4.4MW central inverter, a transformer, and an RMU.

The agreements, signed with the Saudi Power Procurement Company (SPPC), cover the development of the Rumah-1 and Al-Nairyah-1 power plants.

The partners aim to establish a structured roadmap to facilitate the development of offshore wind, a key component of Azerbaijan’s push for renewable energy and net-zero emissions by 2050