“If the European Union wants to reach its climate targets, it needs to build a bridge with Saudi Arabia,” Marco Arcelli, ACWA Power’s Chief Executive Officer, said in an exclusive interview with pv magazine.
“I was skeptical about green molecules when I was working in Europe, but when I moved to Saudi Arabia, I saw that you have all the ingredients at scale and a lower cost,” the Italian CEO said, speaking about the country's “three times the sun”, solid wind and water conditions, together with its high credit rating.