ACWA Power commissions Ar Rass 1 solar PV plant in Saudi Arabia

ACWA Power Co. announced receiving a notice on Aug. 15 from Ar Rass Solar Energy Co., indicating starting operations at the 700 MW Ar Rass 1 solar photovoltaic plant project in Saudi Arabia upon obtaining the commercial operations certificate, according to statement to Tadawul.

ACWA Power owns a 40.1% stake in Ar Rass Solar Energy Co.

The relevant financial impact will expectedly appear in H2 2024, the statement added.