News Flash
- Saudi Arabia’s Acwa Power estimates it will incur a revenue loss of US$47 million following a breakdown at one of its Morocco renewable energy plants.
- The 150MW Noor III concentrated solar power (CSP) plant will face a “forced outage” until November 2024 due to a leak in the molten salt hot tank, the company said in a brief filing on the Saudi bourse.
- The CSP plant is designed to offer seven hours of energy storage through molten salt banks.
The measures taken to address the incident include repairing the tank with the possible construction of a new one, ACWA Power said. ACWA Power holds a 75% stake in the project, which began commercial operation in Q4 2018 at the cost of US$862 million.
Author: Bryan Groenendaal
