Desalination specialist signs MoU for Red Sea project
The ACWA Power-led consortium was awarded The Red Sea Development Company’s highest value contract to design, build, operate and transfer sustainable utilities infrastructure in November 2020.
Once complete, the plant will become the first project of its scale in the world to be entirely powered by a range of renewable and sustainable energy sources, including biofuel.
Karl Feilder, CEO of Neutral Fuels, said: “The scale of the project is impressive but the real news here is the massive scale of the commitment that the Kingdom of Saudi Arabia is making to renewable energy. They’re not just minimising harm, they are actively reducing their dependence on fossil fuel and enhancing the environment as they contribute to sustaining and regenerating it for years to come.”
Paddy Padmanathan, president and CEO of ACWA Power, added: “As the world seeks to satisfy the rising demand for affordable power and water, ACWA Power remains committed to being at the forefront of the energy transition and providing transformative solutions, including the early adoption of emerging energy solutions like biofuels, to deliver power responsibly.
“We are delighted to be collaborating with Neutral Fuels, enabling us to accelerate our commitment to support the Kingdom’s ambitions to deliver a tourist destination that limits the environmental impact through the provision of zero-carbon emitting utility services.”