20-02-2025
ACWA Power starts commercial ops at Al Shuaiba 2 solar PV plant
ACWA Power Company received, on Feb 19, a notice from the project company, Al Shuaiba 2 Solar PV Independent Power Plant, stating that it has been granted the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the first, second and third phase with total capacity 2,060 megawatts (MW).
The project is now in full operation, the company said in a statement to Tadawul.
ACWA Power said it owns a 35.01% stake in the project company, expecting financial impact to be reflected in Q2 2025 financials.
