Climate Changed
ACWA Power Will Bid to Build Saudi Arabian Solar Energy Project
- Bids due in September, award may be in November: ACWA’s Nanda
- Projects also expected from Oman, Jordan, Dubai this year
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ACWA Power International will bid to build a solar energy project in Saudi Arabia, part of the kingdom’s $50 billion push to temper domestic oil use.
Riyadh-based ACWA received a request for proposals last week from Saudi Arabia’s energy ministry to develop the 300-megawatt solar project in Sakaka, Rajit Nanda, ACWA’s chief investment officer, said Tuesday in an interview in Dubai. It’s also considering bidding for other solar projects in Oman., Jordan and the United Arab Emirates, he said. Saudi Arabia kicked off its renewables push in January announcing plans for the solar plant and a 400-megawatt wind plant.