Kevin Richards, a former athlete and founder of several businesses, is a frequent visitor to the Middle East. He has recently been on a mission to leverage his sports background and business acumen to help unlock Bermuda’s renewable energy potential. Utility Business MENA caught up with him recently ahead of his visit to Dubai, to talk about Bermuda’s unique potential for ocean-based renewable energy and its ongoing initiatives to attract foreign investment.
ACWA Power’s power generation capabilities have expanded by 2.4 GW in 2024, with 2.2 GW of projects achieving partial or full commercial operations within the first nine months
The collaboration aims to power data centers supporting data-intensive applications like Artificial Intelligence (AI) and blockchain using Ethiopia’s natural gas resources
Designed as an off-grid renewable energy system, the facility will include a 250 MW solar photovoltaic plant, a 700 MWh battery energy storage system, and transmission and distribution infrastructure
Located near Rabat on Morocco’s Atlantic coast, Veolia’s 35-year public-private project will design, finance, and operate the seawater desalination plant to boost water supply
The first agreement, valued at $690 million, is a financing arrangement with the National Bank of Kuwait (NBK), that will support ACWA Power’s project pipeline in Saudi Arabia, Kuwait, and other key markets
