Saudi Arabian utility developer ACWA Power is planning to invest about $10 billi...
FILE PHOTO: Saudi Acwa Power-generating windmills are pictured in Jbel Sendouq, on the outskirts of Tangier, Morocco, June 29, 2018. REUTERS/Youssef Boudlal
The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi. “We have won two renewable energy projects this year which together will produce 300 mega watts, they will run in parallel and be worth about $500 million of investments,” he said.
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