ACWA Power a Saudi company, is a leading private investor in renewable energy and the world’s largest private water desalination company, is expanding its renewable footprint in Africa with the Redstone Concentrating Solar Power (CSP) plant in South Africa that is set to achieve its full 100 MW capacity soon.
This milestone, achieved in collaboration with Herlogas and SEPCOIII, is aiming to provide clean energy to nearly 200,000 households and reduce carbon emissions. This is in addition to the Kom Ombo Photovoltaic (PV) plant in Egypt that has achieved its full capacity of 200 MW.
ACWA has invested a total of USD 7 billion on renewable energy, green hydrogen, energy storage, and water desalination projects across the continent of Africa. Agreements between ACWA Power and the Egyptian and Tunisian governments is a testament of the company’s goal towards decarbonizing Africa.
The company has a global portfolio of 65 GW, achieving record-low costs in power generation, water desalination, and potentially green hydrogen, with production expected from NEOM Green Hydrogen Company by 2026. Having secured the lowest levelized water tariff worldwide, ACWA Power is well-positioned to enhance access to affordable, clean water across Africa.
ACWA Power’s continued investments and strategic initiatives solidify its position as a leader in renewable energy in Africa, promoting sustainable infrastructure and positive community impact in the region. [1]