Shedding light on PV development in MENA
The Saudi-based energy giant awarded the landmark Sakaka project provides insights into the region’s growing PV market. Paddy Padmanathan is the President and CEO of ACWA Power, an international developer, owner, and operator of power generation and water desalination plants carrying a portfolio valued in excess of $30 billion. The company has more than 29 GW of energy capacity installed across the Middle East and North Africa, South Africa, and Southeast Asia, and nearly 1 GW of solar PV projects installed in the MENA region.
What obstacles have you faced in the MENA region? There is still a great deal of disbelief with people still questioning the technology. People are slow in coming forward and launching projects because they’re nervous. There’s still a misunderstanding to calculating the costs and in many instances, people aren’t calculating the amount of money they’re …
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