Jump to content

ACWA Power: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Rescuing 1 sources and tagging 0 as dead. #IABot (v2.0beta14)
Tsop (talk | contribs)
430 edits
remove unnecessary adjective/marketing talk
Line 22: Line 22:
'''ACWA Power''' is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 10 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value in excess of USD 33 billion, can generate more than 22 GW of power and produce 2.5 million m3/day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models (BOO/BOOT).
'''ACWA Power''' is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 10 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value in excess of USD 33 billion, can generate more than 22 GW of power and produce 2.5 million m3/day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models (BOO/BOOT).


Its energy portfolio includes very efficient combined cycle power plants, solar ([[Photovoltaic power station|Photovoltaic]] PV) and [[Concentrated solar power|Concentrated Solar Power]] (CSP), [[Geothermal energy|geothermal]], [[Wind power|wind]], [[waste-to-energy]] (WtE) and [[coal pollution mitigation]].<ref name="BloombergCompanyOverviewOfACWAPowerInternational">{{cite web|title=Company Overview of ACWA Power International|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=51941637|publisher=Bloomberg L.P.|accessdate=3 March 2016}}</ref><ref name="SaudiArabiasACWAPowershiftstowardrenewableenergy">{{cite news|last1=Shamseddine|first1=Reem|title=Saudi Arabia's ACWA Power shifts toward renewable energy|url=https://www.reuters.com/article/us-investment-mideast-acwa-power-idUSKCN0IB1Y420141022|accessdate=3 March 2016|publisher=Reuters|date=22 October 2014}}</ref>
Its energy portfolio includes efficient combined cycle power plants, solar ([[Photovoltaic power station|Photovoltaic]] PV) and [[Concentrated solar power|Concentrated Solar Power]] (CSP), [[Geothermal energy|geothermal]], [[Wind power|wind]], [[waste-to-energy]] (WtE) and [[coal pollution mitigation]].<ref name="BloombergCompanyOverviewOfACWAPowerInternational">{{cite web|title=Company Overview of ACWA Power International|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=51941637|publisher=Bloomberg L.P.|accessdate=3 March 2016}}</ref><ref name="SaudiArabiasACWAPowershiftstowardrenewableenergy">{{cite news|last1=Shamseddine|first1=Reem|title=Saudi Arabia's ACWA Power shifts toward renewable energy|url=https://www.reuters.com/article/us-investment-mideast-acwa-power-idUSKCN0IB1Y420141022|accessdate=3 March 2016|publisher=Reuters|date=22 October 2014}}</ref>


== Background ==
== Background ==

Revision as of 16:08, 29 July 2019

ACWA Power
Company typePrivate company
IndustryElectricity
Founded2004
Headquarters
Riyadh
,
Saudi Arabia
Key people
  • Mohammad Abdullah Abunayyan (Chairman)
  • Paddy Padmanathan (Chief Executive Officer and President)
  • Rajit Nanda (Chief Investment Officer)
  • Thamer Al Sharhan (Managing Director)
ProductsElectric power
water
Number of employees
3,000
Websiteacwapower.com

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 10 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value in excess of USD 33 billion, can generate more than 22 GW of power and produce 2.5 million m3/day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models (BOO/BOOT).

Its energy portfolio includes efficient combined cycle power plants, solar (Photovoltaic PV) and Concentrated Solar Power (CSP), geothermal, wind, waste-to-energy (WtE) and coal pollution mitigation.[1][2]

Background

Headquartered in Saudi Arabia, ACWA Power maintains regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi and Beijing.[3][4] It invests in, develops, co-owns and operates a portfolio of 32 plants on three continents, with the capacity to generate 22.8GW of power and produce 2.5 million m3/day of desalinated water.[5][6][7] ACWA Power and its subsidiary operating companies employ over 3,000 people in projects in 11 different countries.[3]

As of 2014, 8% of ACWA Power's energy portfolio was in renewable energy. ACWA Power has expressed an intention to increase its investment in renewables:[8] of the new bids and projects still in the financing stage announced in 2014 US$7.4 billion of US$15 billion were in renewable energy.[2]

Structure

ACWA Power's board of directors is chaired by Mohammad Abdullah Abunayyan and Paddy Padmanathan serves as its CEO and President.[1]

History

In 2002, the Government of the Kingdom of Saudi Arabia changed the regulations so that the private sector was permitted to own and operate utilities such as water and power plants.[9][10][11][12][13]

The company was founded in its current form in 2008 and succeeded ACWA Power Projects, a joint venture between ACWA Holding (representing the Abunayyan Holding Company and Al-Muhaidib) and the MADA Group for Industrial and Commercial Development founded in 2004 to take advantage of these new private sector investment and operation opportunities in the Saudi Arabian market.[7]

From 2004 to 2011, ACWA Power focused primarily on Saudi Arabia, and was awarded contracts for the Shuqaiq and Marafiq Integrated water and power plants.[14][15][16][17] The company began its current phase of international expansion in 2011 with the acquisition of Central Electricity Generating Company (CEGCO) Jordan[18][19][20] and the signature of a joint development agreement for the Kirikkale Combined Cycle Gas Turbine project in Turkey, which subsequently won backing from the European Bank for Reconstruction and Development (EBRD).[21] The company has since expanded throughout the world, although its core holdings remain the MENA region.

Notable projects and contracts

Bokpoort Independent Power Project, South Africa

Noor I, II, III, Ouarzazate, Morocco

  • In 2012, a consortium led by ACWA Power won a €634m euro contract to build a 160 MW Concentrated Solar Power plant near Ouarzazate, Morocco – called Noor I.[33][34][35]. The cost of the project when it began operations was $3.9 billion[36]. The electricity was to be sold at $0.19 /kWh.[37]
  • In October 2013, a consortium led by Spain's Abengoa, Engie Energy International (formerly International Power) and ACWA Power had been pre-selected for the 200MW Noor II and the 150MW Noor III tender.[38]
  • In 2015, ACWA Power were awarded a €1.7 billion contract for two further solar power projects, Noor II and Noor III, in Morocco.[39][40][41]
  • Noor I was inaugurated in February 2016 and will generate 160 MW of electricity. The second two phases currently under construction will generate a further 580 MW.[42][43][44]

Nam Dinh, Vietnam

  • In June 2014 a consortium including ACWA Power and Korea's Taekwang Power Holdings Company Limited signed an agreement to develop the Nam Dinh 1 IPP Project in Vietnam.[45][46]
  • In January 2016, the consortium signed a $2.2 billion investment agreement with Vietnam for the Nam Dinh 1 thermal power plant. The $2 billion coal fired power plant will generate 1,200MW upon completion.[47].

According to the Revised Power Development Plan VII (2016), the current status of the project is as follows:

  • Phase I, Unit 1 - 600 MW - Planned with Investor identified (i.e. pre-permit development) - Year 2020
  • Phase I, Unit 2 - 600 MW - Planned with Investor identified (i.e. pre-permit development) - Year 2021
  • Phase II, Unit 1 - 600 MW - Cancelled
  • Phase II, Unit 2 - 600 MW - Cancelled

Hassyan, UAE

  • In September 2014 ACWA Power was shortlisted to build the Hassyan 1,200MW coal power plant with pollution mitigation as part of a $20 billion investment by the UAE Government that aims to help to diversify Dubai's energy mix by 2030.[48][49]
  • In October 2015, a consortium including ACWA Power and China's Harbin Electric were selected to build and operate the $1.8 billion plant.[50][51][52][53][54][55][56][57]
  • Construction of the power plant commenced in November 2016. The four units of 600MW each are expected to start operations in 2020, 2021, 2022 and 2023 respectively.

Sheikh Mohammed bin Rashid al-Maktoum Solar Park, Dubai

  • In January 2015 a consortium of ACWA Power and Spain's TSK were selected by Dubai Electricity and Water Authority (DEWA) as the preferred bidder to build the $327 million phase 2 project of the Sheikh Mohammed bin Rashid al-Maktoum Solar Park in the emirate.[58][59][60][61][62][63][64][65][66][67]
  • In March 2015, ACWA Power secured a $344 million loan to finance the project.[68][69]
  • The Dubai Electricity and Water Authority (DEWA) signed a Power Purchase Agreement and a Shareholder Agreement with ACWA Power in March 2015 for the 200MW expansion.[70][71][72][73][74][75]
  • ACWA Power's tender for construction of the project, at a tariff of 5.98 USD cents/kWh, was the cheapest ever offered in the world.[4][76][77]. This tariff was later surpassed in 2017 by the 500 MW Bhadla solar park auction in India at 3.80 USD cents/kWh.[78]

Redstone Solar Thermal Power Project, South Africa

  • In January 2015 a consortium led by ACWA Power and the USA firm SolarReserve was awarded the right to develop the $1.2 billion Redstone Solar Thermal Power Project in the Northern Cape Province, South Africa.[79][80][81] It is a 100 MW concentrating solar power generation project utilizing central tower technology with 12 hours of full-load energy storage, able to deliver a stable electricity supply to more than 200,000 South African homes.[82]. Basic power tariff offered is $124/MW·h and peak power tariff is 270% of the basic power tariff i.e. $334/MW·h.
  • In October 2015 financing was secured for the Redstone project when the Overseas Private Investment Corporation (OPIC) signed an agreement to making a US$400mn commitment of debt financing.[83][84]

Awards

ACWA Power won the following awards in 2014:

References

  1. ^ a b "Company Overview of ACWA Power International". Bloomberg L.P. Retrieved 3 March 2016.
  2. ^ a b Shamseddine, Reem (22 October 2014). "Saudi Arabia's ACWA Power shifts toward renewable energy". Reuters. Retrieved 3 March 2016.
  3. ^ a b "ACWA Power Business Report 2014" (PDF). ACWA Power. ACWA Power. p. 38. Archived from the original (PDF) on 27 March 2016. Retrieved 3 March 2016. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  4. ^ a b Moritz, Borgmann. "Dubai's DEWA procures the world's cheapest solar energy ever: Riyadh, start your photocopiers". Apricum GmbH. Retrieved 3 March 2016.
  5. ^ "ACWA Power to pump $ 12 bln in Egypt in 5 years". ArabFinance. Arab Finance. 9 April 2016. Retrieved 9 May 2016.
  6. ^ "South Africa/Saudi trade ministers inaugurate ZAR5bn Bokpoort CSP project". FTSE Global Markets. Berlinguer. 15 March 2016. Retrieved 9 May 2016.
  7. ^ a b "ACWA Power: Born Saudi, growing globally". The European. 8 January 2015. Retrieved 3 March 2016.
  8. ^ Waheed, Abbas (1 February 2015). "Saudi's ACWA bidding for over Dh18bn power projects". "Emirates24/7". Retrieved 3 March 2016.
  9. ^ McDowall, Angus (25 January 2002). "A thirst for change". MEED. EMAP Publishing Limited. Retrieved 15 March 2016.
  10. ^ "SWCC refines its options". MEED. EMAP Publishing Limited. 8 March 2002. Retrieved 15 March 2016.
  11. ^ "Gradual and continuous change". MEED. EMAP Publishing Limited. 22 March 2002. Retrieved 15 March 2016.
  12. ^ "Desalination plants to be privatized". Saudi Gazette. 12 June 2002.
  13. ^ "SEC endorses privatization strategy". Arab News. Jeddah. 17 June 2002.
  14. ^ "A consortium of ACWA Power Projects, Gulf Investment Corporation and Mitsubishi Corporation selected preferred bidder for Shuqaiq power and water project". Al Bawaba. Al Bawaba (Middle East) Ltd. 11 November 2006. Retrieved 17 March 2016.
  15. ^ Haitham, Haddadin (11 November 2006). "Mitsubishi, GIC and ACWA selected for Saudi project". Reuters UK. Thomson Reuters. Retrieved 17 March 2016.
  16. ^ Report, Staff (1 March 2007). "Consortium signs deals for Saudi power plant". Gulf News. Al Nisr Publishing LLC 2016. Retrieved 17 March 2016.
  17. ^ "Key Shuqaiq agreements signed". MEED. EMAP Publishing Limited. 2 March 2007. Retrieved 17 March 2016.
  18. ^ Sambidge, Andy (4 June 2011). "Saudi firm buys stake in Jordan's largest power generator". Arabian Business. Arabian Business Publishing Ltd. Retrieved 17 March 2016.
  19. ^ Davids, Gavin (5 June 2011). "ACWA Power acquires $144m stake in Jordan's CEGCO". ConstructionWeekOnline.com. ITP Business Publishing Ltd. Retrieved 17 March 2016.
  20. ^ "Saudi's Acwa buys key stake in Jordan firm". Trade Arabia. 22 August 2011. Retrieved 17 March 2016.
  21. ^ Rosca, Olga. "ACWA Power's US$ 1 billion power plant in Turkey wins EBRD support". The European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD). Retrieved 17 March 2016.
  22. ^ Asaba, Baset (15 March 2016). "ACWA power inaugurates first CSP in South Africa". ArabianIndustry.com. ITP Publishing Ltd. Retrieved 9 May 2016.
  23. ^ "CSP plant illuminates Bokpoort community at official inauguration". ESI-Africa.com. ESIAfrica_CSPplantilluminatesBokpoortcommunityatofficialinauguration. 15 March 2016. Retrieved 9 May 2016.
  24. ^ "ACWA's Solar power project in South Africa inaugurated". tradearabia.com. 15 March 2016. Retrieved 9 May 2016.
  25. ^ Moyo, Admire (16 March 2016). "SA lights up R5bn solar plant". ITWeb. ITWeb Limited. Retrieved 9 May 2016.
  26. ^ "R5 Billion Solar Plant Opens in Northern Cape". allAfrica.com. SAnews. 15 March 2016. Retrieved 9 May 2016.
  27. ^ Dludla, Nqobile (14 March 2016). "South Africa turns on Saudi-built solar to cut coal reliance". Reuters. Thomson Reuters. Retrieved 9 May 2016.
  28. ^ "South Africa turns on Saudi-built solar to cut coal reliance". GulfNews. Al Nisr Publishing LLC. 14 March 2016. Retrieved 9 May 2016.
  29. ^ Bernardo, Carla (14 March 2016). "SA, Saudi Arabia launch R5bn solar plant | IOL". IOL. Retrieved 9 May 2016.
  30. ^ "Saudi firm to invest R35bn in South African energy projects". Business Day Live. 15 March 2016. Retrieved 9 May 2016.
  31. ^ Allan, Phil (26 April 2016). "Solar plant sets record for round the clock power supply". EnergyVoice.com. Energy Voice. Retrieved 9 May 2016.
  32. ^ "South African solar power plant sets record for continuous, round the clock electricity supply". pennenergy.com. PennWell Corporation. 26 April 2016. Retrieved 9 May 2016.
  33. ^ Lane, Adam (14 May 2013). "Morocco starts construction of Noor 1 solar plant". www.utilities-me.com. ITP Business Publishing Ltd. Retrieved 1 May 2016.
  34. ^ "Morocco starts production at 160 MW solar plant". Reuters. Thomson Reuters. 4 February 2016. Retrieved 1 May 2016.
  35. ^ Aziz, El Yaakoubi (1 August 2013). "Morocco to tender for 2 solar plants totalling 300 MW". Reuters. Thomson Reuters. Retrieved 1 May 2016.
  36. ^ https://www.theguardian.com/environment/2016/feb/04/morocco-to-switch-on-first-phase-of-worlds-largest-solar-plant
  37. ^ "Morocco starts production at 160 MW solar plant - Agricultural Commodities -Reuters". af.reuters.com. Retrieved 2016-02-08.
  38. ^ El Yaakoubi, Aziz (30 October 2013). "Morocco gets 654 mln euro German loan for solar plants". Reuters. Thomson Reuters. Retrieved 1 May 2016.
  39. ^ Graves, LeAnne (13 January 2015). "Acwa wins €1.7bn Moroccan solar power deals". The National. Retrieved 1 May 2016.
  40. ^ Roca, Marc (12 January 2015). "Morocco Awards Largest Solar Thermal Power Plants to ACWA, Sener". Bloomberg.com. Bloomberg. Retrieved 1 May 2016.
  41. ^ "Saudi's ACWA Power wins $2bn Morocco solar power deal". Arabian Business. Arabian Business Publishing Ltd. 10 January 2015. Retrieved 1 May 2016.
  42. ^ El Yaakoubi, Aziz (4 February 2016). "Morocco starts production at 160 MW solar plant| Agricultural Commodities| Reuters". Reuters. Thomson Reuters. Retrieved 8 May 2016.
  43. ^ "Morocco launches first solar power plant". Al Arabiya. Al Arabiya. 5 February 2016. Retrieved 1 May 2016.
  44. ^ "Ceremony in Morocco marks progress on 500MW solar park". The National. The National. 4 February 2016. Retrieved 1 May 2016.
  45. ^ Sambridge, Andy (21 June 2014). "Saudi firm inks deal on $2bn Vietnam power project". Arabian Business. Arabian Business. Retrieved 1 May 2016.
  46. ^ "Saudi Arabia's ACWA Power shifts toward renewable energy". Reuters. Reuters. 22 October 2014. Retrieved 1 May 2016.
  47. ^ Nguyen, Mai (19 January 2016). "Vietnam inks $2.2 bln power project with Saudi, Korean firms". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  48. ^ El Gamal, Rania; Dokoupil, Martin (8 September 2014). "Dubai Shortlists 8 Firms For Clean Coal Plant". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  49. ^ "Dubai shortlists 8 firms for clean coal plant". Al Arabiya. Al Arabiya. 7 September 2014. Retrieved 2 May 2016.
  50. ^ Basit, Abdul (14 October 2015). "Harbin, Acwa to build $1.8b plant in Dubai". www.khaleejtimes.com. Khaleej Times. Retrieved 2 May 2016.
  51. ^ Dipaola, Anthony (13 October 2015). "Dubai Awards ACWA $1.8 Billion Power-Plant Deal on Rising Demand". Bloomberg. Bloomberg. Retrieved 2 May 2016.
  52. ^ Saadi, Dania (12 October 2015). "Dewa planning Dh60bn of projects over five years to meet Dubai's power and water needs". The National. The National. Retrieved 2 May 2016.
  53. ^ Arnold, Tom (13 October 2015). "Dubai names Harbin, ACWA preferred bidders for clean coal plant". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  54. ^ Staples, Andy (13 October 2015). "Dubai announces winning bidders for clean coal plant". GulfNews. Gulf News. Retrieved 2 May 2016.
  55. ^ "DEWA selects Preferred Bidder for 1st phase of 1,200 MW Hassyan Clean Coal Power Plant". Al Bawaba. Al Bawaba. 14 October 2015. Retrieved 8 May 2016.
  56. ^ Basit, Abdul (13 October 2015). "Dewa announces preferred bidder for $1.8 billion clean coal plant". Khaleej Times. Khaleej Times. Retrieved 8 May 2016.
  57. ^ Syed, Imran (15 October 2015). "DEWA selects bidder for first phase of Hassyan Clean Coal Power Plant". Saudi Gazette. Saudi Gazette. Retrieved 8 May 2016.
  58. ^ Graves, LeAnne (3 December 2014). "Saudi firm outbids rivals for second phase of Mohammed bin Rashid Al Maktoum solar park". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  59. ^ Narayanan, Archana; French, David (15 January 2015). "Dubai utility DEWA names preferred bidder for upsized solar plant". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  60. ^ Narayanan, Archana (15 January 2015). "Saudi's ACWA Power, Spain's TSK to build $327 mln Dubai solar plant". Reuters. Thomson Reuters. Retrieved 8 May 2016.
  61. ^ Graves, LeAnne (15 January 2015). "Tender for second phase of Mohammed bin Rashid Solar Park in Dubai won by Saudi consortium". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  62. ^ Abbas, Waheed (15 January 2015). "Dewa awards Dh1.2bn solar plant contract". Emirates 247. Dubai Media Incorporated. Retrieved 8 May 2016.
  63. ^ Graves, LeAnne (18 January 2015). "UAE beats renewables cost hurdle with world's cheapest price for solar energy | The National". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  64. ^ DiPaola, Anthony (15 January 2015). "Dubai Doubling Size of Power Plant to Make Cheapest Solar Energy". Bloomberg.com. Bloomberg. Retrieved 8 May 2016.
  65. ^ "DEWA selects Saudi ACWA and Spain's TSK for the project with the world's lowest LCOE". Al Bawaba. Al Bawaba. 15 January 2015. Retrieved 8 May 2016.
  66. ^ Todorova, Vesela (15 January 2015). "Planned Dubai solar power park to double output to 200 megawatts". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  67. ^ "Dubai doubles capacity of mega Solar Park". GulfNews. Al Nisr Publishing LLC. 15 January 2015. Retrieved 8 May 2016.
  68. ^ "Acwa Power gets $344 million loan for Dubai solar project". The National. Abu Dhabi Media. 1 March 2015. Retrieved 8 May 2016.
  69. ^ Carvalho, Stanley (1 March 2015). "Saudi's ACWA Power gets $344 mln loan for Dubai solar project". Reuters. Thomson Reuters. Retrieved 8 May 2016.
  70. ^ Pieri, Alexander (29 March 2015). "DEWA partners with ACWA Power for 200MW PV plant". Construction Week. ITP Digital Ltd. Retrieved 8 May 2016.
  71. ^ "DEWA signs agreements for second-phase 200MW PV plant at Mohammed bin Rashid Al Maktoum Solar Park". WAM. Emirates News Agency. 26 March 2015. Archived from the original on 7 August 2016. Retrieved 8 May 2016. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  72. ^ "UAE DEWA, ACWA Power led consortium sign PPA". AMEInfo. Mediaquest FZ LLC. 28 March 2015. Retrieved 8 May 2016.
  73. ^ "ACWA Power led consortium signs PPA with Dubai Electricity & Water Authority for the 260 MWp Solar PV IPP; Phase II of the Mohammed bin Rashid Solar Park in Dubai". Zawya. Thomson Reuters. 26 March 2015. Retrieved 8 May 2016.
  74. ^ Jenkins, Siona (31 March 2015). "Falling cost of solar offers solace after halving of oil price". Financial Times. The Financial Times Ltd. Retrieved 8 May 2016.
  75. ^ "Dewa signs agreements for second-phase 200MW PV plant at Mohammed bin Rashid Al Maktoum Solar Park". GulfNews. Al Nisr Publishing LLC. 26 March 2015. Retrieved 8 May 2016.
  76. ^ "DEWA selects Saudi ACWA and Spain's TSK for the project with the world's lowest LCOE". DEWA: Government of Dubai. DEWA. Retrieved 15 March 2016.[permanent dead link‍]
  77. ^ Mridul, Chadha. "ACWA Power Secures $344 Million Loan For Solar PV Project With World's The Lowest Tariff". CleanTechnica. CleanTechnica. Retrieved 3 March 2016.
  78. ^ https://mercomindia.com/hero-future-softbank-bhadla-solar/
  79. ^ "ACWA Power extends its Leadership in Solar Power with 100MW Redstone Project, a USD 1.2 Billion investment". AMEInfo. Mediaquest FZ LLC. 11 January 2015. Retrieved 9 May 2016.
  80. ^ Laganparsad, Monica (18 January 2015). "Sun plus salt to the rescue of national grid". Sunday Times. Times Media Group. Retrieved 9 May 2016.
  81. ^ "SA to get two new major solar plants". businesstech.co.za. BusinessTech. 17 January 2015. Retrieved 9 May 2016.
  82. ^ "5 Things you need to Know about South Africa's Redstone Thermal Power Project". African Business Review. 9 January 2015. Retrieved 9 May 2016.
  83. ^ Goenka, Himanshu (30 October 2015). "Financing secured for South Africa's Redstone project". African Review. Alain Charles Publishing Ltd. Retrieved 9 May 2016.
  84. ^ "South Africa: Funds Secured for Landmark SA Solar Facility". allAfrica.com. AllAfrica. 21 October 2015. Retrieved 9 May 2016.
  85. ^ Milnes, Paul (2 May 2014). "2014 Acquisition International Fund Awards". Hedge Think. Hedge Think. Retrieved 3 March 2016.
  86. ^ "UAE projects win big at MEED quality awards". Trade Arabia. Trade Arabia. 15 May 2014. Retrieved 3 March 2016.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=ACWA_Power&oldid=908419256"