Under the MoU, Korea and Saudi Arabia will work together to refine the design of the SMART reactor. Korea will also assist in gaining Saudi design approval of the reactor, as well as cooperating in the construction and operation of a SMART reactor in Saudi Arabia
The rising support from the governments in GCC countries is driving the global district cooling market, according to a published report by Fortune Business Insights, titled, "District Cooling Market: Global Market Analysis, Insights, and Forecast, 2018-2026."
As part of Saudi Arabia's 2030 Vision plan to diversify its economy, the kingdom is aiming to have around 30% of its energy generated by renewable sources just over a decade from now -- up from less than 5% today -- with a heavy emphasis on solar power
ACWA Power highlights its role in the sustainable development of the energy and water sectors at WEC 2019 in Abu Dhabi
On the sidelines of the Congress, ACWA Power signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST), inaugurating the KAUST – ACWA Power Center of Excellence for Desalination and Solar Power