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Saudi Arabia’s ACWA Power Shifts Toward Renewable Energy
http://gulfbusiness.com/2014/10/saudi-arabias-acwa-power-shifts-toward-renewable-energy/[font face=Serif][font size=5]Saudi Arabia’s ACWA Power Shifts Toward Renewable Energy[/font]
[font size=4]The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.[/font]
Reuters
[font size=3]Saudi Arabia-based power and water project developer ACWA Power is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said.
The company, which plans to list its shares on the Saudi stock market, has projects operating or under construction in countries including Saudi Arabia, Jordan, Oman, Turkey, Morocco and some African and southeast Asian states.
“This network of countries is starting to move towards renewables fast,” Paddy Padmanathan said in an interview at the Reuters Middle East Investment Summit.
“Morocco is clearly leading, while South Africa is embracing a huge programme and is deploying it…Jordan is starting to employ renewables.”
...[/font][/font]
[font size=4]The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.[/font]
Reuters
[font size=3]Saudi Arabia-based power and water project developer ACWA Power is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said.
The company, which plans to list its shares on the Saudi stock market, has projects operating or under construction in countries including Saudi Arabia, Jordan, Oman, Turkey, Morocco and some African and southeast Asian states.
“This network of countries is starting to move towards renewables fast,” Paddy Padmanathan said in an interview at the Reuters Middle East Investment Summit.
“Morocco is clearly leading, while South Africa is embracing a huge programme and is deploying it…Jordan is starting to employ renewables.”
...[/font][/font]