Saudi Arabia Needs to Invest Hundreds of Billions of Dollars for Power by 2030

  • ACWA Power CEO Arcelli sees spending on renewables, gas plants
  • Saudi power producer to expand at home, in Central Asia, China
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Saudi Arabia will need to attract investment in the hundreds of billions of dollars this decade to expand renewable energy and natural gas-fired electricity to meet its generation capacity targets, according to the head of Riyadh-based ACWA Power Co.