ACWA Power said it has received the initial commercial operation certificate for Group 1 of the Sudair solar photovoltaic (PV) project in Saudi Arabia from the project's principal procurer and off-taker Saudi Power Procurement Company (SPPC).
Group 1 represents 50 percent of the 1,500-megawatt (MW) plant capacity, the company said in a statement to the Saudi stock exchange on Thursday.
In June 2021, the Public Investment Fund launched the Sudair solar PV project in Sudair Industrial City.
A consortium of ACWA Power, which is 50 percent owned by PIF, and Badeel are investing SAR3.4 billion ($907 million) in developing the project.
(Writing by D Madhura; Editing by Anoop Menon)
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