2024.01.31 外刊双语精读 能源转型：依托ACWA的能源升级.docx

【1.31】

1.31每日一篇双语精读

Theenergy?transition：LifeACWAtic

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SaudiArabia'sunlikely?solar?starhasgreenambitionsbeyonditsdeserthome

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【1】Sitting?atop?afifthoftheworld’soil?reserves,SaudiArabiadoesn’tspringtomindwhenyouthinkaboutrenewables.MuhammadbinSalman,itscrown?prince?anddefactoruler,wouldlikethistochange.HewantshalfofSaudielectricitytocomefromwindand?solar?farmsby?2030.Two-thirdsofthat?capacity,oraround?40?gigawatts(GW)will,if?prince?Muhammadgetshiswish(ashetendstodo),be?courtesy?ofonefirm:ACWAPower.

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【2】Formostofits?19-yearexistencethe?utility?wasa?relatively?anonymous?family-run?affair.Nolonger.SinceitwentpublicinRiyadhin?2021?itsmarketvaluehas?swelled?nearlyfour-fold.Itisnowworth$50bn.ThePublicInvestmentFund(PIF),the?steward?ofSaudi?sovereign?wealth,ownsa?44%?stake.ACWAhas?24GWofgreenprojectsathomeandabroadeitheralreadyrunningoratan?advanced?stage,upfrom?0.3GWin?2014.Additsother?capacity?under?construction?andthetotalis?54GW.Itsoriginalbusinessofdesalinatingwaterwentfrom?1m?cubic?metresadayin?2006?to?7.6m?cubic?metresinDecember.Its?newish?boss,MarcoArcelli,a?seasoned?Italianenergy?executive,?expects?assets?ithasa?stake?into?triple?betweennowand?2030,to$250bn.Itsprojectswill,hehopes,helpcreateabroader?domestic?green-energysupplychain.“Weareabig?enabler,”hesays.

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【3】ACWAhas?thrived?asmanyotherrenewables?operators?aroundtheworldhave?struggled.Whereasthoserivalsareseeingthecostofprojects?soar?asaresultofrisinginterestrates,ACWAhas?received?non-interest-bearingloansfromthePIF,inadditiontodebt?secured?against?individual?projectsandloansfrombankstotideitoverwhileitraisesmore?equity?capitalandbringsinpartners.AccesstoeasymoneyhasallowedACWAtoexpand?capacity,while?lowering?costsforcustomers.ThishashelpedmakethelevelisedcostofSaudi?so