Post by Andres Martinez Fernandez

ACWA Power, INVERSIONES EN #ENERGÍA Y #DESALACIÓN EN #MARRUECOS. The Saudi-listed company secured a new permit to add 40 MW to the Khalladi project at an estimated cost of 60 million dollars. The expansion is expected to be completed in the next two years and is intended to meet rising industrial demand. The existing 120MW Khalladi wind farm started operations in northern #Morocco in 2018 near Tangier and was built as one of the country’s first private renewable projects under a law that lets independent producers sell directly to high- and medium-voltage industrial customers, mainly in cement. ACWA Power holds 75 % of the project with ARIF holding 25 %, and it was financed with equity from the partners plus debt from the EBRD, BMCE Bank, and the Climate Investment Funds. In March 2026, the Moroccan government selected Acwa as part of a first wave of green #hydrogen projects, with negotiations ongoing on land and implementation, and Omar Alaoui Mhamdi said the company also plans #desalination investments without giving details. Acwa estimates it has about 3 billion dollars invested in #Morocco and already operates the Khalladi farm alongside the NOOR I, II, III and NOOR PV I solar plants, totaling 765MW in the country. The company recently won two 400MWp NOOR Midelt solar projects with 602 MWh of battery storage each under 30-year agreements with Masen, targeting 2030 goals for renewable capacity and grid flexibility. Acwa reported Q1 2026 net profit of 345 million Saudi riyals, down 19 % year on year, while assets under management reached 455 billion riyals at end-March.