Saudi Arabia's ACWA Pushing MENA Mega Solar Projects

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.).

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