Saudi PIF-owned ACWA Power proposes to develop 2.3 GW solar plants

RIYADH: Saudi Arabia’s Public Investment Fund has received proposals from ACWA Power to develop two solar power projects with a combined capacity of 2,300 MW, MEED reported. 

The proposal include the 2,000 MW Shuaibah 2 solar photovoltaic and the 300 MW Rabigh 2 solar photovoltaic projects.

Overseen by the PIF, the proposals are currently under the review of the Kingdom’s Water and Electricity Regulatory Authority, MEED reported citing an industry source.