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ACWA Power eyes renewable projects worth $5bn

Group bidding for contracts in Oman, Jordan and other Middle East countries, chairman says.

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ACWA Power, News

Saudi Arabian firm Acwa Power is bidding for more renewable projects worth more than $5bn (AED18.35bn), reflecting good growth in renewable energy sector in the region, said a senior official.

Mohammad A. Abunayyan, chairman of the company that won the contract to develop the next 200MW stage of Dubai’s solar park, said the group is bidding for projects in Oman, Jordan and other countries in the region.

“We are bidding for a couple of projects in Oman, Jordan and other countries. We are bidding for 3-4 solar and conventional power projects project worth more than $5 billion,” Abunayyan told Emirates 24l7 in an interview.

ACWA Power’s portfolio of project stretches to South Africa and South East Asia as well as the Middle East and North Africa.
The company generates a combined 15,000 megawatts (MW) of electricity and 2.5 million cubic meters of desalinated water.

“We are going to increase power generation capacity to 20,000MW by the year 2020 through both solar and conventional power projects,” he said Abunayyan told the news service.

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