ACWA Power announced the commercial start-up of the 2.06 GW Shuaiba 2 solar power plant, achieving full production capacity. The plant, located in Makkah, is part of a two-station project, a partnership between Saudi Aramco, Badil, a wholly owned subsidiary of the Saudi Public Investment Fund, and ACWA Power, a renewable energy and water desalination company. The project aims to establish the largest solar photovoltaic power plant in Saudi Arabia, with a total value of approximately 8.3 billion riyals ($2.2 billion). ACWA Power said in a disclosure to the Saudi Stock Exchange (Tadawul) that it received on February 19, 2025, a notification from the project company for the Shuaiba 2 independent solar photovoltaic power plant in the Kingdom of Saudi Arabia, receiving the commercial operation certificate from the Saudi Power Procurement Company for the first, second and third phases with a total production capacity of 206 GW, achieving full production […]