ACWA Power: Al Shuaibah 1 Solar PV Project Begins Commercial Operations

ACWA Power announced on Wednesday that it has been granted the Commercial Operation Certificate for the Al Shuaibah 1 Solar Photovoltaic Project from the Saudi Power Procurement Company (SPPC) for the full production capacity of the project, which amounts to 600 MW.

According to the statement published on “Tadawul”, ACWA Power’s share in the project company is 35.01%.

The company stated that it expects the financial impact of the project’s operation to appear during the fourth quarter of 2024.