Core Insights - ACWA Power has won two major solar energy storage projects in Morocco, each featuring a 400 MW peak solar power plant and a battery storage system with a total capacity of 602 MWh [1][2] - The projects will reduce approximately 1.2 million tons of CO2 emissions annually, contributing significantly to Morocco's carbon neutrality goals [1] - ACWA Power's total renewable energy capacity in Morocco will exceed 1.5 GW with the addition of these new projects, reinforcing its position as the largest private renewable energy investor in the country [2] Group 1 - ACWA Power secured the Midelt Phase II and III solar energy storage projects through a competitive bidding process [1] - The battery storage system can provide a stable output of 230 MW for two hours during peak electricity demand [1] - The projects are structured under a BOO (Build-Own-Operate) model with a 30-year power purchase agreement with the Moroccan Renewable Energy Agency [1] Group 2 - ACWA Power has invested a total of $9.5 billion in the African energy sector [2] - The company operates several key projects in Morocco, including the Noor I, II, and III solar plants and the Khalladi wind farm, with a total installed capacity of 765 MW [2] - The new projects will further enhance Morocco's transition to a regional sustainable energy development hub [2]