News
08 March 2022

ACWA signs PPA for 700MW Ar Rass Solar

Region:
Middle East & Africa

ACWA Power has signed a 25-year PPA  with Saudi Power Procurement Company to develop the 700MW Ar Rass solar independent power plant (IPP) in Saudi Arabia’s Al Qassim province. ACWA Power will hold a 40.1% stake in the facility, along with the PIF portfolio company Water and Electricity...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
05 March 2026

Bhutan’s Dorjilung hydro opens a PPP market

The Dorjilung hydroelectric financing moved away from sovereign-backed debt towards a blended PPP structure combining concessional capital, multilateral lending and private...

Perspective
13 March 2026

Proximo Deals of the Year 2025: Live lessons

The deals that impressed - sometimes for size but more often for innovation - in 2025. With the project finance market looking to build resilience, these were the lessons...