ACWA Power Expands in Africa

Key Figures & Findings:
Saudi Arabia's ACWA Power has solidified its footprint in Africa, investing over $7 billion in renewable energy projects across the continent. Known for its large-scale sustainable solutions, ACWA Power has implemented the Redstone Concentrated Solar Power (CSP) plant in South Africa, now operating at 50 MW with plans to scale up to 100 MW. Additionally, the Kom Ombo Photovoltaic (PV) plant in Egypt has reached full capacity at 200 MW. ACWA Power, which operates in partnership with entities like Herlogas and SEPCO III, prioritizes advancing sustainable energy and water solutions to enhance access in regions with significant energy demands.

Statistics & Insights:
ACWA Power's projects span a portfolio worth $94 billion globally, generating 65 GW of electricity and 8 million cubic meters of desalinated water daily. In Africa, its investments mark substantial progress toward regional energy independence and resilience.

Future Implications:
If expansion continues, ACWA Power’s African projects could foster growth in renewable energy infrastructure by the close of 2024. Supporting energy security and economic development.

Source: Gulf News