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ACWA Power Company announces the start of Commercial Operation for Group 2 of Sudair Solar Photovoltaic Project
| Element List | Explanation |
|---|---|
| Announcement Detail | ACWA Power Company announces that it has received from the Saudi Power Procurement Company (SPPC) on 29 October 2023 the Commercial Operation certificate of Group 2 of Sudair Solar Photovoltaic Project in Saudi Arabia. Group 2 included additional 25% to Group 1 which achieved commercial operation last month and announce on 28th September 2023, bringing total capacity that achieved commercial operation to 1125 MW out of the 1500 MW plant capacity upon completion.
ACWA Power owns a net stake of 35% in Sudair One Renewable Energy Company.
The Company expects financial impact of operation to be reflected starting from Q4 2023. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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