Acwa commissions 700 MW AlRass1 solar PV project in Saudi Arabia

Acwa Power has commissioned the 700MW AlRass1 solar photovoltaic (PV) project in Saudi Arabia. The project, located in Al Qassim province, has commenced power generation after receiving a commercial operation certificate. Acwa Power holds a 40.1% stake in the AlRass Renewable Energy Company, with Badeel, a subsidiary of the Public Investment Fund, and China’s State Power Investment holding 20% and 39.9% stakes, respectively. The financial impact of the AlRass1 project is expected to be reflected…