ACWA Power starts commercial ops at Al Shuaibah 2 solar PV plant

20/02/2025 Argaam
Logo ofACWA Power Co.

Logo of ACWA Power Co.

ACWA Power Co. received, on Feb 19, a notice from the project company, Al Shuaibah 2 Solar PV Independent Power Plant, stating that it has been granted the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the first, second and third phases with total capacity 2,060 megawatts (MW).

 

For more news and details on the projects

 

The project is now in full operation, the company said in a statement to Tadawul.

 

ACWA Power said it owns a 35.01% stake in the project company, expecting financial impact to be reflected in Q2 2025 financials.

 

According to data compiled by Argaam, the project consists of constructing a 2,060 MW solar PV plant in the Makkah region at a cost of SAR 6.56 billion.

 

The project is being developed through a joint venture with Badeel.

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