RIYADH: Saudi ACWA Power has invested $7 billion in Africa to date, according to the electric power generation company’s CEO.
Speaking during a panel discussion titled “Powering Africa: What is the Future of Energy Investments” during the Future Investment Initiative New Africa Summit in Riyadh, Marco Arcelli said that all those investments revolve around renewables.
This falls in line with the firm’s position as the leading private investor in the continent’s renewable energy sector.
It also aligns with the company’s goal to triple its business size announced in 2023 and expand worldwide, driven by its mission to deliver affordable and reliable energy solutions that foster economic and…