Paddy Padmanathan

Saudi fund raises ownership stake in ACWA Power to 50%

Saudi fund raises ownership stake in ACWA Power to 50%

  • ACWA Power is planning an IPO and leads a consortium that will build and operate renewable power-based utilities at Saudi Arabia’s flagship Red Sea tourism project
  • PIF, which manages $360 billion worth of funds, pursues a two-pronged strategy — building an international portfolio of investments and investing locally in projects
By Reuters ·

Special ACWA Power CEO sees downturn in energy prices from renewables

ACWA Power CEO sees downturn in energy prices from renewables

By Fahad Alzahrani ·