Energy generation and consumption
Gross power capacity
Innovation is cutting the cost of power and water dramatically
We have produced a significant tariff reduction in reverse osmosis (RO) desalination, concentrated power and photovoltaic solar energy projects over the last decade.
In desalination we have achieved an energy consumption reduction of 87%. In fact, through a paradigm shift in design and big data analytics, we have driven down the cost of desalination considerably, this makes the RO process more affordable for countries outside GCC such as Egypt and Morocco.
For more information please refer to the Annual Report
ACWA Power is a constant innovator in renewables and able to deliver competitive tariffs
In solar PV, tariffs have reduced considerably to close to one cent/KWh partly due to optimum solar panel selection for local conditions, high equipment efficiencies and enhanced design tools for best optimised solutions.
In CSP the main factors that drove down the tariffs significantly are the innovation, upscaling, hybridisation and optimisation of the technologies, high steam-turbine efficiency, optimum storage capacity and improved operation strategy.