Riyadh-based utility and hydrogen developer Acwa Power has confirmed achieving financial close for 10 projects requiring an investment of $14bn, mainly in Saudi Arabia, Egypt and Uzbekistan, over the past 12 months. The projects include Saudi Arabia's first green hydrogen project in Neom, several solar photovoltaic (PV) plants and water desalination projects. The Saudi-listed company, along with its partners, achieved financial close on the following projects in Saudi Arabia: Neom Green Hydrogen project: $8.5bn Ar-Rass solar PV (700MW): $450m Shuaibah 1 and Shuaibah 2 solar PV (2,660MW): $2.37bn Rabigh 4 independent water project (IWP) (600,000 cubic metres a day): $677m Shuaibah 3 IWP (600,000 cm/d): $800m The wind projects in Uzbekistan that have reached financial close are located in Bash, Dzhankeldy and Nukus. Acwa Power also reached financial close on the 200MW Kom Ombo solar project in Egypt, which requires an investment of $123m. (ICE RIYADH)

Fonte notizia: construction week