RIYADH: ACWA Power Co. said its fully owned subsidiary, ACWA Power Management and Investments One Ltd., offered to purchase cash bonds up to $400 million on the Irish Stock Exchange. ACWA Power disclosed in a bourse filing that its senior secured bonds issued in 2017 and due in 2039 had a pre-amortization aggregate principal amount of $814 million and an aggregate basic value
Renewable energy projects in the Gulf region are facing “significant delays” that could further slow down the production and export of green hydrogen, according to Moody’s Investors Service. A new report by the firm warns that while countries are working on producing zero-carbon green hydrogen, as well as low-carbon blue hydrogen, achieving this on a large scale will be
RIYADH: Moody’s Investors Service on Tuesday downgraded the rating of fixed rate amortizing senior secured bonds issued by ACWA Power Management and Investments One Ltd. to Ba1 from Baa3. The outlook remains stable, said a statement issued by the US credit rating agency. The $814 million of 5.95 percent fixed rate amortizing senior secured bonds are due in December 2039. The