Saudi's Acwa bidding for over ($5 billion) Dh18bn (solar) power projects

[OKIsItJustMe]

http://www.emirates247.com/business/energy/saudi-s-acwa-bidding-for-over-dh18bn-power-projects-2015-02-01-1.578863

[font face=Serif][font size=5]Saudi's Acwa bidding for over Dh18bn power projects[/font]
[font size=4]Chairman says group bidding for projects in Oman, Jordan[/font]
By Waheed Abbas
Published Sunday, February 01, 2015

[font size=3]Saudi Arabia’s power generation firm Acwa Power, which recently won a solar power project in Dubai, is bidding for 3-4 projects worth more than $5 billion (Dh18.35bn), reflecting good growth in renewable energy sector in the region, said a senior official.

Mohammad A. Abunayyan, Chairman of Acwa Power, said the group is bidding for projects in Oman, Jordan and other regional countries.

…

Dubai Electricity and Water Authority (Dewa) earlier this month awarded a Dh1.2bn contact to a consortium led by Acwa Power and Spain’s TSK to develop 200MW solar power plant in Mohammed bin Rashid Al Maktoum Solar Park.

Led by the Dubai and Abu Dhabi, Middle Eastern countries have been investing billions of dollars in cost-efficient renewable energy projects. Saeed Mohammed Al Tayer, Managing Director of Dubai Electricity and Water Authority (Dewa), recently said that the emirate has tripled its target to 15 per cent for the renewable energy by 2030 and seven per cent by 2020.

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[djean111]

1. Wish we were doing the same thing here, but no, we have to protect the Kochs' oil

revenues and the nuclear power industry.