ACWA Power, a Saudi Arabia-based renewable energy company, currently has 26 projects under construction. The Ar Rass Solar PV plant in Saudi Arabia became operational 18 months after its financial close.The Riverside Solar project in Uzbekistan also achieved commercial operation status.  The company signed a water purchase agreement for a desalination project in the UAE, which will produce 410,000 cubic meters of water daily. Additionally, ACWA resolved financial issues related to its 950 MW gas project in Turkey through a debt settlement.