Logo of ACWA Power Co.
ACWA Power Co. received on Sept. 27 the initial commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for phase 1 of the Sudair Solar Photovoltaic (PV) project in Saudi Arabia.
This phase represents 50% of the 1500 MW plant capacity, the company said in a Tadawul statement, adding that it owns a 35% stake in Sudair One Renewable Energy Co.
The company expects the relevant financial impact to appear as of Q4 2023.
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