Logo ofACWA Power Co.
ACWA Power Co. said it received today, Aug. 20, a notice from Isha Renewable Energy Co. confirming the commercial operations certificate for the full 1,425 megawatts at the Al Kahfah solar PV plant in Hail. 
The company also received a notice from Saad Two Renewable Energy Co. confirming the second commercial operations certificate for 365.7 megawatts, bringing the Saad 2 solar PV plant in Riyadh to full capacity of 1,125 megawatts.
In addition, ACWA Power said Nawwar Renewable Energy Co. confirmed the first commercial operations certificate for 1,000 megawatts at the Al Rass 2 solar PV plant in Qassim, which will reach a total capacity of 2,000 megawatts.
The impact of the three projects is expected to be reflected in H2 2025 financials, the company said in a statement to Tadawul.
ACWA Power owns 50.1% of the project companies, while Water and Electricity Holding Co. (Badeel), a unit of the Public Investment Fund (PIF), holds the remaining 49.9%.
In May 2023, ACWA Power signed 35-year power purchase agreements worth SAR 12.19 billion to develop and operate the three plants with combined capacity of 4,550 megawatts.
Logo ofACWA Power Co.
ACWA Power Co. said it received today, Aug. 20, a notice from Isha Renewable Energy Co. confirming the commercial operations certificate for the full 1,425 megawatts at the Al Kahfah solar PV plant in Hail.
The company also received a notice from Saad Two Renewable Energy Co. confirming the second commercial operations certificate for 365.7 megawatts, bringing the Saad 2 solar PV plant in Riyadh to full capacity of 1,125 megawatts.
In addition, ACWA Power said Nawwar Renewable Energy Co. confirmed the first commercial operations certificate for 1,000 megawatts at the Al Rass 2 solar PV plant in Qassim, which will reach a total capacity of 2,000 megawatts.
The impact of the three projects is expected to be reflected in H2 2025 financials, the company said in a statement to Tadawul.
ACWA Power owns 50.1% of the project companies, while Water and Electricity Holding Co. (Badeel), a unit of the Public Investment Fund (PIF), holds the remaining 49.9%.
In May 2023, ACWA Power signed 35-year power purchase agreements worth SAR 12.19 billion to develop and operate the three plants with combined capacity of 4,550 megawatts.
