Logo ofACWA Power Co.
ACWA Power Co.received on July 22 a commercial operation certificate for 759.3 MW of the total 1,125 MW capacity of the Saad 2 photovoltaic (PV) solar power plant in Riyadh. 
According to a statement to Tadawul, the company’s stake in the project stands at 50.1%, and the financial impact of the project’s operation is expected to reflect during H2 2025.
For more news and details on the projects
In May 2023, ACWA Power signed power purchase agreements (PPAs) forthree large-scale PV solar plants, namely Ar Rass 2, Saad 2, and Alkahfah, with a production capacity of 2,000 megawatts (MW), 1,125 MW and 1,425 MW of renewable power, respectively, Argaam reported.
The aggregate value of this 35-year contract stands at SAR 12.19 billion ($3.25 billion).
Logo ofACWA Power Co.
ACWA Power Co.received on July 22 a commercial operation certificate for 759.3 MW of the total 1,125 MW capacity of the Saad 2 photovoltaic (PV) solar power plant in Riyadh.
According to a statement to Tadawul, the company’s stake in the project stands at 50.1%, and the financial impact of the project’s operation is expected to reflect during H2 2025.
For more news and details on the projects
In May 2023, ACWA Power signed power purchase agreements (PPAs) forthree large-scale PV solar plants, namely Ar Rass 2, Saad 2, and Alkahfah, with a production capacity of 2,000 megawatts (MW), 1,125 MW and 1,425 MW of renewable power, respectively, Argaam reported.
The aggregate value of this 35-year contract stands at SAR 12.19 billion ($3.25 billion).
