Silk Road Fund has become a partner and shareholder in ACWA Power Renewable Energy Holding Ltd.
ACWA Power Renewable Energy Holding Ltd. (ACWA Power RenewCo) is ACWA Power’s renewable energy platform that currently owns a number of its existing renewable energy projects. The platform capitalises on the rapidly growing potential for renewable energy in emerging markets and currently owns ACWA Power’s concentrated solar power, photovoltaic solar and wind assets across the United Arab Emirates, South Africa, Jordan, Egypt and Morocco, yielding an aggregate power capacity of 1668 MW.
This is the third successful collaboration between ACWA Power and the Silk Road Fund. Previously, both companies invested in two flagship UAE based projects: 2400 MW Hassyan clean coal power plant and the 950 MW Hybrid CSP and PV fourth phase of MBR Solar Park which will power 320 000 residential homes.
Read the article online at: https://www.energyglobal.com/special-reports/11052020/silk-road-fund-partners-with-acwa/