Logo of ACWA Power Co.
ACWA Power Co. received on Jan. 3 the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the third and last phase of the Sudair Solar Photovoltaic (PV) project.
In a statement to Tadawul, ACWA Power pointed out that phase 3 includes 25% of the total project capacity, adding that the complete plant achieves commercial operation with a total capacity of 1,500 megawatts.
The company expects the relevant financial impact to appear in Q1 2024.
ACWA Power owns a 35% stake in Sudair Solar PV, according to Argaam’s data.
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