ACWA selects EPC contractor for 400-MW solar project
ACWA Power announced the signing of an Engineering, Procurement, and Construction contract with Energy China Group Corporation for a solar photovoltaic (PV) project in Tashkent, Uzbekistan. Image courtesy:
ACWA Power and AlGihaz secure financing for Sakaka
ACWA Power and AlGihaz Holding Company have achieved a financial closure for the SAR1.2bn ($319m) utility-scale renewable photovoltaic (PV) energy project, Sakaka PV IPP. The 300MW Sakaka PV IPP in Saudi
4 FAQs about [Sakaka solar energy company Uzbekistan]
Who owns Sakaka solar energy company (SSEC)?
Sakaka Solar Energy Company (SSEC), a joint venture between ACWA Power (70%) and AlGihaz Renewable Energy (30%), is the owner and developer of the project. ACWA Power is co-owned by Public Investment Fund of Saudi Arabia (PIF), which increased its stake in the company from 33.36% to 50% in November 2020.
What is Sakaka solar project?
Sakaka solar project is the first utility-scale renewable energy project developed under the National Renewable Energy Programme of Saudi Arabia (NREP).
How does Sakaka solar farm work?
The Sakaka solar farm is expected to generate enough clean energy to power 75,000 households and offset 430,000t of carbon dioxide (CO 2) emissions a year. It created approximately 400 jobs during the construction phase.
Who is developing sazagan Solar 1?
The project will be developed by ACWA Power’s Sazagan Solar 1 LLC, a project company under Saudi Arabia’s ACWA Power. ADB said it will be one of the first utility-scale renewable energy projects with a battery energy storage system (BESS) component in Uzbekistan.