Saudi group close to winning $500m concentrated solar power contract

Acwa has teamed up with Spanish engineering firm Aries IS and TSK EE to design, finance, construct, operate and maintain the solar thermal plant near the southern city of Ouarzazate.

"We are going to opt for the offer made by the consortium of Acwa," said an anonymous source, familiar with the discussions about the contract, to Reuters. The official announcement is still pending.

The deal would make Morocco Acwa’s 5th international market, and its 2nd in Africa after it secured a 50 MW contract to build a Concentrating Solar Power plant in Bokpoort, South Africa in May.