ACWA Power inks deal for South Africa’s hybrid renewable energy project

  • Date: 19-Dec-2023
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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ACWA Power inks deal for South Africa’s hybrid renewable energy project

Saudi-listed ACWA Power has signed the power purchase agreement for South Africa’s largest hybrid dispatchable renewable energy project. South Africa’s Minister of Mineral Resources and Energy, the Honourable Gwede Mantashe, signed the Implementation Agreement and Mr. Segomoco Scheppers from Eskom signed the Power Purchase Agreement with ACWA Power Project DAO signatory Mr. Ashley Singh. “ACWA […]Saudi-listed ACWA Power has signed the power purchase agreement for South Africa’s largest hybrid dispatchable renewable energy project.

South Africa’s Minister of Mineral Resources and Energy, the Honourable Gwede Mantashe, signed the Implementation Agreement and Mr. Segomoco Scheppers from Eskom signed the Power Purchase Agreement with ACWA Power Project DAO signatory Mr. Ashley Singh.

Marco ArcelliCEO – ACWA Power

“ACWA Power is firmly committed to leading the energy transition in high-growth markets, and we are proud to meaningfully contribute to the socio-economic development of South Africa through our mission to deliver power, desalinated water, and green hydrogen reliably and responsibly at an affordable cost. Project DAO is set to be yet another ACWA Power flagship project in South Africa, following the success of the Bokpoort and Redstone CSP projects, in offering clean energy to the country and significant socio-economic value to its surrounding communities.”

Located in the Northern Cape