| Element List | Explanation |
|---|---|
| Announcement Detail | Acwa announces that two of its solar IPP plants have been subject to temporary limitation on power dispatch following instructions from the grid operator citing alleged reactive power fluctuations affecting grid stability, matters that both project companies deny. |
Al Kahfah Solar PV IPP (1,425 MW) received the commercial operation certificate in November 2025 and thereafter has been under dispatch limitation since 12 December 2025, with partial dispatch permitted since 11 February 2026. The accumulated estimated revenue challenged by Principal Buyer up to March-end is approximately 95 million Saudi Riyals.
ArRass2 Solar PV IPP (2,000 MW) received the initial commercial operation certificate in September 2025 and thereafter has been under dispatch limitation since 16 January 2026, with partial dispatch permitted since 8 March 2026. The accumulated estimated revenue challenged by the Principal Buyer up to March-end is approximately SAR 73 million Saudi Riyals.
Both project companies have challenged the matter and are currently conducting detailed technical assessments, including independent third-party analysis, and coordinating with the relevant authorities to enable full restoration of plants operations.
Both companies have reserved all of their rights under the relevant project agreements and have issued deemed energy invoices in accordance with the terms of those agreements.
The Company shall also disclose any material developments as and when they occur.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.