Which utility developer, listed on the Tadawul and 44% owned by PIF, is leading the development of major solar, wind, and green hydrogen projects across Saudi Arabia and internationally?
Answer and explanation
Correct answer: A. ACWA Power
- Step 1: Examine national energy champions: Founded in 2004 in Riyadh.
- Step 2: ACWA Power is a global leader in power generation, water desalination, and green hydrogen, operating major projects including the Sakaka solar plant, Sudair solar project, and NEOM green hydrogen.
Answer
ACWA Power.
Why not the others: 'Saudi Electricity Company' is the national transmission and distribution grid operator; 'Marafiq' provides utility services to Jubail and Yanbu; 'Bahri' is the national maritime shipping company.
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