February 6, 2018
ACWA Power wins the first ever utility scale renewable energy project in Saudi Arabia
ACWA Power, the Saudi, global leader in developing, constructing and operating power generation and desalination water plants in 11 countries, has won Skaka IPP PV solar project, the first utility scale Renewable Energy plant at the oil capital, the Kingdom of Saudi Arabia. This plant is the first of what will be a series of procurement within the visionary and ambitious Saudi national renewables program aiming to produce 9.5 GW of renewable energy by 2023 as a first phase. The 25-year Power Purchase contract was awarded for ACWA Power at a new world record tariff of US Cents 2.3417/kWh (8.781 halalas/kWh).