Reports related to this article:
Project(s): View 1 related project in PECWeb
Plant(s): View 1 related plant in PECWeb
Released April 28, 2015 | JOHANNESBURG
en
Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Johannesburg, South Africa)--ACWA Power (Riyadh, Saudi Arabia) plans to invest $12 billion in renewable energy projects in Morocco and Middle East-North African (MENA) countries.
ACWA is competing for three wind-power tenders totaling 850 megawatts (MW), as part of Morocco's wind power expansion plans. The company has plans to build two solar plants in southern Morocco.
Last year, ACWA led a consortium that won a $2 billion contract to build two solar power plants in the southern city of Ourzazate. The two plants, with a total capacity of 350 MW, are the second phase of a 500-MW project that targets the production of 2,000 MW of solar energy by 2030.
ACWA is owned by the Public Investment Fund of Saudi Arabia and the World Bank's International Finance Corporation (Washington D.C.).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
ACWA is competing for three wind-power tenders totaling 850 megawatts (MW), as part of Morocco's wind power expansion plans. The company has plans to build two solar plants in southern Morocco.
Last year, ACWA led a consortium that won a $2 billion contract to build two solar power plants in the southern city of Ourzazate. The two plants, with a total capacity of 350 MW, are the second phase of a 500-MW project that targets the production of 2,000 MW of solar energy by 2030.
ACWA is owned by the Public Investment Fund of Saudi Arabia and the World Bank's International Finance Corporation (Washington D.C.).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
