ACWA Power to Add Solar Assets in Bid to Triple Output Capacity

ACWA Power International, a Saudi energy developer, plans to add solar assets at home and electricity plants abroad to triple production capacity.

ACWA is targeting 38,000 megawatts by 2017, equal to almost half Saudi Arabia’s planned total capacity that year. The Riyadh-based company, with current capacity of 13,000 megawatts, is seeking to get 10 percent of its output from clean-energy sources in the Middle East and Africa, Chief Executive Officer Paddy Padmanathan said in an interview.