The Public Investment Fund (PIF)-owned Water and Electricity Holding Company (Badeel), and ACWA Power, signed on Wednesday power purchase agreements to develop a 2,060 megawatt (MW) solar photovoltaic (PV) plant in Mecca’s al-Shuaibah, the largest facility of its kind yet in the Middle East.The project, which is expected to achieve commercial operation by the fourth quarter of 2025, will be jointly owned by Badeel and ACWA Power- a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide.For the latest headlines, follow our Google News channel online or via the app.Each company will hold a 50 percent equity stake through the establishment of the Shuaibah Two Electrical Energy Company, which will be a joint company dedicated to the development of the project, according to the official Saudi Press…
Saudi’s PIF-owned Badeel, ACWA Power to develop MENA’s largest solar energy plant
