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===Bokpoort Independent Power Project, South Africa===
===Bokpoort Independent Power Project, South Africa===
*In May 2012 a consortium led by ACWA Power was been announced as preferred bidder to develop the Bokpoort independent power project (IPP) in the Northern Cape, 600km west of Johannesburg.<ref>{{cite news|title=Saudi firm in landmark South African solar project|url=http://www.constructionweekonline.com/article-17039-saudi-firm-in-landmark-south-african-solar-project/|accessdate=9 May 2016|work=Construction Week|publisher=ITP Business Publishing Ltd|date=27 May 2012|ref=ConstructionWeek_SaudifirminlandmarkSouthAfricansolarproject}}</ref>
*In May 2012 a consortium led by ACWA Power was been announced as preferred bidder to develop the Bokpoort independent power project (IPP) in the Northern Cape, 600km west of Johannesburg.<ref>{{cite news|title=Saudi firm in landmark South African solar project|url=http://www.constructionweekonline.com/article-17039-saudi-firm-in-landmark-south-african-solar-project/|accessdate=9 May 2016|work=Construction Week|publisher=ITP Business Publishing Ltd|date=27 May 2012|ref=ConstructionWeek_SaudifirminlandmarkSouthAfricansolarproject}}</ref>
*The Bokpoort Concentrated Solar Power (CSP) project was been inaugurated in March 2016, after operations started in December 2015.<ref>{{cite news|last1=Asaba|first1=Baset|title=ACWA power inaugurates first CSP in South Africa|url=http://www.arabianindustry.com/utilities/news/2016/mar/15/acwa-power-inaugurates-first-csp-in-south-africa-5323318/|accessdate=9 May 2016|work=ArabianIndustry.com|publisher=ITP Publishing Ltd|date=15 March 2016|ref=ArabianIndustry_ACWApowerinauguratesfirstCSPinSouthAfrica}}</ref><ref>{{cite news|title=CSP plant illuminates Bokpoort community at official inauguration|url=http://www.esi-africa.com/news/csp-plant-illuminates-bokpoort-community-at-official-inauguration/|accessdate=9 May 2016|work=ESI-Africa.com|publisher=ESIAfrica_CSPplantilluminatesBokpoortcommunityatofficialinauguration|date=15 March 2016}}</ref><ref>{{cite news|title=ACWA's Solar power project in South Africa inaugurated|url=http://www.tradearabia.com/news/OGN_302884.html|accessdate=9 May 2016|work=tradearabia.com|date=15 March 2016|ref=TradeArabia_ACWAsSolarpowerprojectinSouthAfricainaugurated}}</ref><ref>{{cite news|last1=Moyo|first1=Admire|title=SA lights up R5bn solar plant|url=http://www.itweb.co.za/index.php?option=com_content&view=article&id=150816|accessdate=9 May 2016|work=ITWeb|publisher=ITWeb Limited|date=16 March 2016|ref=ITWeb_SAlightsupR5bnsolarplant}}</ref><ref>{{cite news|title=R5 Billion Solar Plant Opens in Northern Cape|url=http://allafrica.com/stories/201603151180.html|accessdate=9 May 2016|work=allAfrica.com|publisher=SAnews|date=15 March 2016|ref=allAfrica_R5BillionSolarPlantOpensinNorthernCape}}</ref><ref>{{cite news|last1=Dludla|first1=Nqobile|title=South Africa turns on Saudi-built solar to cut coal reliance|url=http://af.reuters.com/article/investingNews/idAFKCN0WG1FT|accessdate=9 May 2016|work=Reuters|publisher=Thomson Reuters|date=14 March 2016|ref=Reuters_SouthAfricaturnsonSaudibuiltsolartocutcoalreliance}}</ref><ref>{{cite news|title=South Africa turns on Saudi-built solar to cut coal reliance|url=http://gulfnews.com/business/economy/saudi-central-bank-chief-vows-to-keep-dollar-peg-1.1690241|accessdate=9 May 2016|work=GulfNews|publisher=Al Nisr Publishing LLC|date=14 March 2016|ref=GulfNews_SouthAfricaturnsonSaudibuiltsolartocutcoalreliance}}</ref>

*In April 2016 the Bokpoort CSP plant set a new African record for the continuous, round the clock supply of electricity by generating power for a continuous period of 161 hours.<ref>{{cite news|last1=Allan|first1=Phil|title=Solar plant sets record for round the clock power supply|url=https://www.energyvoice.com/otherenergy/107694/solar-plants-sets-record-round-clock-power-supply/|accessdate=9 May 2016|work=EnergyVoice.com|publisher=Energy Voice|date=26 April 2016|ref=EnergyVoice_Solarplantsetsrecordforroundtheclockpowersupply}}</ref><ref>{{cite news|title=South African solar power plant sets record for continuous, round the clock electricity supply|url=http://www.pennenergy.com/articles/pennenergy/2016/04/south-african-solar-power-plant-sets-record-for-continuous-round-the-clock-electricity-supply.html|accessdate=9 May 2016|work=pennenergy.com|publisher=PennWell Corporation|date=26 April 2016|ref=PennEnergy_SouthAfricansolarpowerplantsetsrecordforcontinuousroundtheclockelectricitysupply}}</ref>




Line 75: Line 76:
===Redstone Solar Thermal Power Project, South Africa===
===Redstone Solar Thermal Power Project, South Africa===
*A consortium led by ACWA Power and the USA firm [[SolarReserve]] was awarded the right to develop the $1.2 billion Redstone Project in the Northern Cape Province, South Africa.<ref>{{cite news|title=ACWA Power extends its Leadership in Solar Power with 100MW Redstone Project, a USD 1.2 Billion investment|url=http://ameinfo.com/energy/green-living/acwa-power-extends-leadership-solar-power-100mw-redstone-project-usd-1-2-billion-investment/|accessdate=9 May 2016|work=AMEInfo|publisher=Mediaquest FZ LLC|date=11 January 2015|ref=AMEInfo_ACWAPowerextendsitsLeadershipinSolarPowerwith100MWRedstoneProject}}</ref> It is a 100 MW concentrating solar power generation project utilizing central tower technology with 12 hours of full-load energy storage, able to deliver a stable electricity supply to more than 200,000 South African homes.<ref>{{cite news|title=5 Things you need to Know about South Africa's Redstone Thermal Power Project|url=http://www.africanbusinessreview.co.za/technology/1813/5-Things-you-need-to-Know-about-South-Africa's-Redstone-Thermal-Power-Project|accessdate=9 May 2016|work=African Business Review|date=9 January 2015|ref=AfricanBusinessReview_5ThingsyouneedtoKnowaboutSouthAfricasRedstoneThermalPowerProject}}</ref>
*A consortium led by ACWA Power and the USA firm [[SolarReserve]] was awarded the right to develop the $1.2 billion Redstone Project in the Northern Cape Province, South Africa.<ref>{{cite news|title=ACWA Power extends its Leadership in Solar Power with 100MW Redstone Project, a USD 1.2 Billion investment|url=http://ameinfo.com/energy/green-living/acwa-power-extends-leadership-solar-power-100mw-redstone-project-usd-1-2-billion-investment/|accessdate=9 May 2016|work=AMEInfo|publisher=Mediaquest FZ LLC|date=11 January 2015|ref=AMEInfo_ACWAPowerextendsitsLeadershipinSolarPowerwith100MWRedstoneProject}}</ref> It is a 100 MW concentrating solar power generation project utilizing central tower technology with 12 hours of full-load energy storage, able to deliver a stable electricity supply to more than 200,000 South African homes.<ref>{{cite news|title=5 Things you need to Know about South Africa's Redstone Thermal Power Project|url=http://www.africanbusinessreview.co.za/technology/1813/5-Things-you-need-to-Know-about-South-Africa's-Redstone-Thermal-Power-Project|accessdate=9 May 2016|work=African Business Review|date=9 January 2015|ref=AfricanBusinessReview_5ThingsyouneedtoKnowaboutSouthAfricasRedstoneThermalPowerProject}}</ref>
*
*<ref>{{cite news|last1=Asaba|first1=Baset|title=ACWA power inaugurates first CSP in South Africa|url=http://www.arabianindustry.com/utilities/news/2016/mar/15/acwa-power-inaugurates-first-csp-in-south-africa-5323318/|accessdate=9 May 2016|work=ArabianIndustry.com|publisher=ITP Publishing Ltd|date=15 March 2016|ref=ArabianIndustry_ACWApowerinauguratesfirstCSPinSouthAfrica}}</ref>




Revision as of 19:08, 9 May 2016

ACWA Power
Company typePrivate company
Founded2004
Headquarters
Riyadh
,
Saudi Arabia
Key people
  • Mohammad Abdullah Abunayyan (Chairman)
  • Paddy Padmanathan (Chief Executive Officer and President)
Number of employees
2850
Websitehttp://acwapower.com/

ACWA Power is a company that provides electricity and desalination. Its energy portfolio includes solar (Photovoltaic PV) and Concentrated Solar Power (CSP), geothermal, wind, waste-to-energy (WtE) and clean coal.[1][2]

Background

Headquartered in Saudi Arabia, ACWA Power maintains regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi and Beijing.[3][4] It invests in, develops, co-owns and operates a portfolio of 32 plants on three continents, with the capacity to generate 18GW of power and produce 2.5 million m3/day of desalinated water.[5][6] ACWA Power and its subsidiary operating companies employ 2,850 people in projects in 12 different countries. [3]

As of 2014, 8% of ACWA Power’s energy portfolio was in renewable energy. ACWA Power has expressed an intention to increase its investment in renewables[7]: of the new bids and projects still in the financing stage announced in 2014 US$7.4 billion of US$15 billion were in renewable energy.[2] ACWA Power’s tender for construction, at a tariff of 5.98 USD cents/kWh, was the cheapest world solar energy tender ever offered.[4][8][9]

Structure

ACWA Power’s current ownership includes: eight Saudi private sector business houses, two Saudi government investment entities, namely Sanabil Direct Investments Company (a subsidiary of the Public Investment Fund) and the Saudi Public Pensions Agency, and the International Finance Corporation[10], a member of the World Bank Group.

ACWA Power’s board of directors is chaired by Mohammad Abdullah Abunayyan and Paddy Padmanathan serves as its CEO and President.[1]

History

In 2002, the Government of the Kingdom of Saudi Arabia increased the role of the private sector in the Saudi economy by opening up the production of electricity and desalinated water to the private sector to own and operate.[11][12][13][14][15]

The company was founded in its current form in 2008 and succeeded ACWA Power Projects, a joint venture between ACWA Holding (representing the Abunayyan Holding Company and Al-Muhaidib) and the MADA Group for Industrial and Commercial Development founded in 2004 to take advantage of these new private sector investment and operation opportunities in the Saudi Arabian market.[6]

From 2004-2011, ACWA focused primarily on Saudi Arabia, and was awarded contracts for the Shuqaiq and Marafiq Integrated water and power plants.[16][17][18][19] . The company began its current phase of international expansion in 2011 with the acquisition of Central Electricity Generating Company (CEGCO) Jordan[20][21][22] and the signature of a joint development agreement for the Kirikkale Combined Cycle Gas Turbine project in Turkey, which subsequently won backing from the European Bank for Reconstruction and Development (EBRD).[23] The company has since expanded throughout the world, although its core holdings remain the MENA region.

Notable Projects and Contracts

Noor II, II, III, Ouarzazate, Morocco

  • In 2012, a consortium led by ACWA won a €634m euro contract to build a solar power plant near Ouarzazate, Morocco - called Noor I.[24][25][26]
  • In October 2013, a consortium led by Spain's Abengoa, Engie Energy International (formerly International Power) and ACWA had been pre-selected for the 200MW Noor II construction tender. The three groups were also pre-qualified for the 100MW Noor III tender.[27]
  • In 2015, ACWA were awarded a €1.7 billion contract for two further solar power projects, Noor II and Noor III, in Morocco.[28][29][30]
  • Noor I was inaugurated in February 2016 and will generate 160 MW of electricity. The second two phases currently under construction will generate a further 580 MW.[31][32][33]

Nam Dinh, Vietnam

  • In June 2014 a consortium including ACWA Power and Korea's Taekwang Power Holdings Company Limited signed an agreement to develop the Nam Dinh 1 IPP Project in Vietnam.[34][35]
  • In January 2016, the consortium signed a $2.2 billion investment agreement with Vietnam for the Nam Dinh 1 thermal power plant. The $2 billion coal fired power plant will generate 1,200MW upon completion.[36]

Hassyan, UAE

  • In September 2014 ACWA was shortlisted to build the Hassyan 1,200MW clean coal power plant as part of a $20 billion investment by the UAE Government that aims to help to diversify Dubai's energy mix by 2030.[37][38]



Sheikh Mohammed bin Rashid al-Maktoum Solar Park, Dubai

  • In January 2015 a consortium of ACWA Power and Spain's TSK were selected by Dubai Electricity and Water Authority (DEWA) as the preferred bidder to build the $327 million phase 2 project of the Sheikh Mohammed bin Rashid al-Maktoum Solar Park in the emirate.[47][48][49][50][51][52][53][54][55][56]
  • In March 2015, ACWA secured a $344 million loan to finance the project.[57][58]
  • The Dubai Electricity and Water Authority (DEWA) signed a Power Purchase Agreement and a Shareholder Agreement with ACWA Power in March 2015 for the 200MW expansion.[59][60][61][62][63][64]


Bokpoort Independent Power Project, South Africa

  • In May 2012 a consortium led by ACWA Power was been announced as preferred bidder to develop the Bokpoort independent power project (IPP) in the Northern Cape, 600km west of Johannesburg.[65]
  • The Bokpoort Concentrated Solar Power (CSP) project was been inaugurated in March 2016, after operations started in December 2015.[66][67][68][69][70][71][72]
  • In April 2016 the Bokpoort CSP plant set a new African record for the continuous, round the clock supply of electricity by generating power for a continuous period of 161 hours.[73][74]



Redstone Solar Thermal Power Project, South Africa

  • A consortium led by ACWA Power and the USA firm SolarReserve was awarded the right to develop the $1.2 billion Redstone Project in the Northern Cape Province, South Africa.[75] It is a 100 MW concentrating solar power generation project utilizing central tower technology with 12 hours of full-load energy storage, able to deliver a stable electricity supply to more than 200,000 South African homes.[76]


Awards

ACWA Power won the following awards in 2014:

  • The Acquisition International Fund awards: Energy Investment Firm of the Year – Saudi Arabia[77]
  • MEED quality awards: Angus Hindley Award for Project Excellence[78]

References

  1. ^ a b "Company Overview of ACWA Power International". Bloomberg L.P. Retrieved 3 March 2016.
  2. ^ a b Shamseddine, Reem (22 October 2014). "Saudi Arabia's ACWA Power shifts toward renewable energy". Reuters. Retrieved 3 March 2016.
  3. ^ a b "ACWA Power Business Report 2014" (PDF). ACWA Power. ACWA Power. p. 38. Retrieved 3 March 2016.
  4. ^ a b Moritz, Borgmann. "Dubai's DEWA procures the world's cheapest solar energy ever: Riyadh, start your photocopiers". Apricum GmbH. Retrieved 3 March 2016.
  5. ^ "About ACWA Power". ACWA Power. ACWA Power. Retrieved 3 March 2016.
  6. ^ a b "ACWA Power: Born Saudi, growing globally". The European. 8 January 2015. Retrieved 3 March 2016.
  7. ^ Waheed, Abbas (1 February 2015). "Saudi's ACWA bidding for over Dh18bn power projects". "Emirates24/7". Retrieved 3 March 2016.
  8. ^ "DEWA selects Saudi ACWA and Spain's TSK for the project with the world's lowest LCOE". DEWA: Government of Dubai. DEWA. Retrieved 15 March 2016.
  9. ^ Mridul, Chadha. "ACWA Power Secures $344 Million Loan For Solar PV Project With World's The Lowest Tariff". CleanTechnica. CleanTechnica. Retrieved 3 March 2016.
  10. ^ "ACWA Equity - Summary of Investment Information". International Finance Corporation. International Finance Corporation. Retrieved 3 March 2016.
  11. ^ McDowall, Angus (25 January 2002). "A thirst for change". MEED. EMAP Publishing Limited. Retrieved 15 March 2016.
  12. ^ "SWCC refines its options". MEED. EMAP Publishing Limited. 8 March 2002. Retrieved 15 March 2016.
  13. ^ "Gradual and continuous change". MEED. EMAP Publishing Limited. 22 March 2002. Retrieved 15 March 2016.
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  15. ^ "SEC endorses privatization strategy". Arab News. Jeddah. 17 June 2002. {{cite news}}: |access-date= requires |url= (help)
  16. ^ "A consortium of ACWA Power Projects, Gulf Investment Corporation and Mitsubishi Corporation selected preferred bidder for Shuqaiq power and water project". Al Bawaba. Al Bawaba (Middle East) Ltd. 11 November 2006. Retrieved 17 March 2016.
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  20. ^ Sambidge, Andy (4 June 2011). "Saudi firm buys stake in Jordan's largest power generator". Arabian Business. Arabian Business Publishing Ltd. Retrieved 17 March 2016.
  21. ^ Davids, Gavin (5 June 2011). "ACWA Power acquires $144m stake in Jordan's CEGCO". ConstructionWeekOnline.com. ITP Business Publishing Ltd. Retrieved 17 March 2016.
  22. ^ "Saudi's Acwa buys key stake in Jordan firm". Trade Arabia. 22 August 2011. Retrieved 17 March 2016.
  23. ^ Rosca, Olga. "ACWA Power's US$ 1 billion power plant in Turkey wins EBRD support". The European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development (EBRD). Retrieved 17 March 2016.
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  36. ^ Nguyen, Mai (19 January 2016). "Vietnam inks $2.2 bln power project with Saudi, Korean firms". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  37. ^ El Gamal, Rania; Dokoupil, Martin (8 September 2014). "Dubai Shortlists 8 Firms For Clean Coal Plant". Reuters. Thomson Reuters. Retrieved 2 May 2016.
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  39. ^ Basit, Abdul (14 October 2015). "Harbin, Acwa to build $1.8b plant in Dubai". www.khaleejtimes.com. Khaleej Times. Retrieved 2 May 2016.
  40. ^ Dipaola, Anthony (13 October 2015). "Dubai Awards ACWA $1.8 Billion Power-Plant Deal on Rising Demand". Bloomberg. Bloomberg. Retrieved 2 May 2016.
  41. ^ Saadi, Dania (12 October 2015). "Dewa planning Dh60bn of projects over five years to meet Dubai's power and water needs". The National. The National. Retrieved 2 May 2016.
  42. ^ Arnold, Tom (13 October 2015). "Dubai names Harbin, ACWA preferred bidders for clean coal plant". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  43. ^ Staples, Andy (13 October 2015). "Dubai announces winning bidders for clean coal plant". GulfNews. Gulf News. Retrieved 2 May 2016.
  44. ^ "DEWA selects Preferred Bidder for 1st phase of 1,200 MW Hassyan Clean Coal Power Plant". Al Bawaba. Al Bawaba. 14 October 2015. Retrieved 8 May 2016.
  45. ^ Basit, Abdul (13 October 2015). "Dewa announces preferred bidder for $1.8 billion clean coal plant". Khaleej Times. Khaleej Times. Retrieved 8 May 2016.
  46. ^ Syed, Imran (15 October 2015). "DEWA selects bidder for first phase of Hassyan Clean Coal Power Plant". Saudi Gazette. Saudi Gazette. Retrieved 8 May 2016.
  47. ^ Graves, LeAnne (3 December 2014). "Saudi firm outbids rivals for second phase of Mohammed bin Rashid Al Maktoum solar park". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  48. ^ Narayanan, Archana; French, David (15 January 2015). "Dubai utility DEWA names preferred bidder for upsized solar plant". Reuters. Thomson Reuters. Retrieved 2 May 2016.
  49. ^ Narayanan, Archana (15 January 2015). "Saudi's ACWA Power, Spain's TSK to build $327 mln Dubai solar plant". Reuters. Thomson Reuters. Retrieved 8 May 2016.
  50. ^ Graves, LeAnne (15 January 2015). "Tender for second phase of Mohammed bin Rashid Solar Park in Dubai won by Saudi consortium". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  51. ^ Abbas, Waheed (15 January 2015). "Dewa awards Dh1.2bn solar plant contract". Emirates 247. Dubai Media Incorporated. Retrieved 8 May 2016.
  52. ^ Graves, LeAnne (18 January 2015). "UAE beats renewables cost hurdle with world's cheapest price for solar energy | The National". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  53. ^ DiPaola, Anthony (15 January 2015). "Dubai Doubling Size of Power Plant to Make Cheapest Solar Energy". Bloomberg.com. Bloomberg. Retrieved 8 May 2016.
  54. ^ "DEWA selects Saudi ACWA and Spain's TSK for the project with the world's lowest LCOE". Al Bawaba. Al Bawaba. 15 January 2015. Retrieved 8 May 2016.
  55. ^ Todorova, Vesela (15 January 2015). "Planned Dubai solar power park to double output to 200 megawatts". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  56. ^ "Dubai doubles capacity of mega Solar Park". GulfNews. Al Nisr Publishing LLC. 15 January 2015. Retrieved 8 May 2016.
  57. ^ "Acwa Power gets $344 million loan for Dubai solar project". The National. Abu Dhabi Media. 1 Marchi 2015. Retrieved 8 May 2016. {{cite news}}: Check date values in: |date= (help)
  58. ^ Carvalho, Stanley (1 March 2015). "Saudi's ACWA Power gets $344 mln loan for Dubai solar project". Reuters. Thomson Reuters. Retrieved 8 May 2016.
  59. ^ Pieri, Alexander (29 March 2015). "DEWA partners with ACWA Power for 200MW PV plant". Construction Week. ITP Digital Ltd. Retrieved 8 May 2016.
  60. ^ "DEWA signs agreements for second-phase 200MW PV plant at Mohammed bin Rashid Al Maktoum Solar Park". WAM. Emirates News Agency. 26 March 2015. Retrieved 8 May 2016.
  61. ^ "UAE DEWA, ACWA Power led consortium sign PPA". AMEInfo. Mediaquest FZ LLC. 28 March 2015. Retrieved 8 May 2016.
  62. ^ "ACWA Power led consortium signs PPA with Dubai Electricity & Water Authority for the 260 MWp Solar PV IPP; Phase II of the Mohammed bin Rashid Solar Park in Dubai". Zawya. Thomson Reuters. 26 March 2015. Retrieved 8 May 2016.
  63. ^ Jenkins, Siona (31 March 2015). "Falling cost of solar offers solace after halving of oil price". Financial Times. The Financial Times Ltd. Retrieved 8 May 2016.
  64. ^ "Dewa signs agreements for second-phase 200MW PV plant at Mohammed bin Rashid Al Maktoum Solar Park". GulfNews. Al Nisr Publishing LLC. 26 March 2015. Retrieved 8 May 2016.
  65. ^ "Saudi firm in landmark South African solar project". Construction Week. ITP Business Publishing Ltd. 27 May 2012. Retrieved 9 May 2016.
  66. ^ Asaba, Baset (15 March 2016). "ACWA power inaugurates first CSP in South Africa". ArabianIndustry.com. ITP Publishing Ltd. Retrieved 9 May 2016.
  67. ^ "CSP plant illuminates Bokpoort community at official inauguration". ESI-Africa.com. ESIAfrica_CSPplantilluminatesBokpoortcommunityatofficialinauguration. 15 March 2016. Retrieved 9 May 2016.
  68. ^ "ACWA's Solar power project in South Africa inaugurated". tradearabia.com. 15 March 2016. Retrieved 9 May 2016.
  69. ^ Moyo, Admire (16 March 2016). "SA lights up R5bn solar plant". ITWeb. ITWeb Limited. Retrieved 9 May 2016.
  70. ^ "R5 Billion Solar Plant Opens in Northern Cape". allAfrica.com. SAnews. 15 March 2016. Retrieved 9 May 2016.
  71. ^ Dludla, Nqobile (14 March 2016). "South Africa turns on Saudi-built solar to cut coal reliance". Reuters. Thomson Reuters. Retrieved 9 May 2016.
  72. ^ "South Africa turns on Saudi-built solar to cut coal reliance". GulfNews. Al Nisr Publishing LLC. 14 March 2016. Retrieved 9 May 2016.
  73. ^ Allan, Phil (26 April 2016). "Solar plant sets record for round the clock power supply". EnergyVoice.com. Energy Voice. Retrieved 9 May 2016.
  74. ^ "South African solar power plant sets record for continuous, round the clock electricity supply". pennenergy.com. PennWell Corporation. 26 April 2016. Retrieved 9 May 2016.
  75. ^ "ACWA Power extends its Leadership in Solar Power with 100MW Redstone Project, a USD 1.2 Billion investment". AMEInfo. Mediaquest FZ LLC. 11 January 2015. Retrieved 9 May 2016.
  76. ^ "5 Things you need to Know about South Africa's Redstone Thermal Power Project". African Business Review. 9 January 2015. Retrieved 9 May 2016.
  77. ^ Milnes, Paul (2 May 2014). "2014 Aquisition International Fund Awards". Hedge Think. Hedge Think. Retrieved 3 March 2016.
  78. ^ "UAE projects win big at MEED quality awards". Trade Arabia. Trade Arabia. 15 May 2014. Retrieved 3 March 2016.
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