ACWA Power

ACWA Power is a developer, investor, and operator of power generation and desalinated water plants. It has 67 assets in operations, construction or advanced development in 13 countries. Its portfolio, which has an investment of over $67.6b, can generate 43.5GW of power and produce 6.4 million m3/day of desalinated water.


ACWA Power more than doubles net profit in 2022

Its consolidated net profit amounted to SAR1.54b (US$410.6m). 

ACWA Power more than doubles net profit in 2022

Its consolidated net profit amounted to SAR1.54b (US$410.6m). 

ACWA Power to develop RE projects in Azerbaijan

The agreements include the installation of 1GW onshore and 1.5GW offshore wind.

ACWA Power raises $479.7m under the Sukuk programme

It is the second phase of the SAR5b programme.

ACWA Power, Austria-based electricity firm to develop green hydrogen

The green hydrogen to be generated will be used by Verbund.

ACWA Power, Uzbekistan gov’t to develop 1.5GW wind plant

The project is expected to commence full operations by 2027.

ACWA Power ink partnerships with 9 Chinese firms

The Chinese companies will support the financing and construction of ACWA’s projects.

ACWA Power, Badeel to develop over 2,000MW solar plant

It is expected to operate in the fourth quarter of 2025.

ACWA Power, Thai energy firms partner for hydrogen projects development

The facilities to be developed have an investment value of around $7b.

ACWA, PT PLN ink MoU for battery, green hydrogen dev’t in Indonesia

It also includes a pump storage project for a hydroelectricity facility.

ACWA Power, OIA ink MoU to co-invest in 1.5GW wind project in Egypt

The Oman Investment Authority is looking into owning 10% of the project.

ACWA Power net profit surges 110% YoY in first 9 months of 2022

Its operating income before impairment loss and other expenses grew by 11% YoY.

ACWA Power, EBRD sign sustainable infrastructure financing deal

Focus countries are Uzbekistan, Azerbaijan, and Egypt.

ACWA Power, KEPCO ink deal for green hydrogen, ammonia projects development

The partnership is aimed to decarbonise the operations of KEPCO.