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 inked US$746m energy deals

Of the US$746m, the US$500m deal was for power generation and green ammonia projects.

ACWA Power inked US$746m energy deals

Of the US$746m, the US$500m deal was for power generation and green ammonia projects.

ACWA Power inks deal with Dutch entities for green hydrogen export corridor

Saudi Arabia and the Netherlands boost cooperation in clean hydrogen.

ACWA Power reaches financial close for over 10 projects worth $14b

This is the largest-ever recorded in the company’s history.

ACWA Power partner with 2 Chinese firms for clean energy development

This will include green hydrogen and ammonia, amongst others.

ACWA Power inks deals with 6 Italian firms for green hydrogen, water desalination dev’t

The partnerships will also explore research and development in the sector.

ACWA Power reaches financial close for 200 MW Egyptian solar plant

The project is expected to start operations by January 2024.

ACWA Power consortium achieves financial close for 2.6 GW solar projects

The project is expected to start commercial operations in 2025.

ACWA Power installs 1st wind turbine for 500 MW Uzbekistan wind farm

The Bash Wind Farm will be completed in 2025.

Saudi Arabia’s ACWA Power secures land for 10GW Egypt wind project

The project is expected to generate 50,000 GWh of electricity annually.

ACWA Power bags $100m credit facility from state-owned China Construction Bank

This will be used to fund its projects in the Middle East and Belt & Road countries.

ACWA Power signs roadmap agreement for wind energy-battery storage in Kazakhstan

The wind project will have a capacity of 1 gigawatt.

Bahrain inaugurates independent water, power project

The IWPP could produce 1,500MW of electricity.

PIF subsidiary, ACWA Power invest US$3.25b in Saudi Arabia solar projects

The three solar projects seek to produce a combined capacity of 4.55GWac.

NEOM Green Hydrogen secures $8.4b in investment

It is expected to start production by end-2026.

ACWA Power inks deal for Uzbekistan wind, green hydrogen projects

It will contribute to Uzbekistan’sgoal to decarbonise 35% of its energy sector by 2030.

ACWA Power attributable net profit up 78% YoY in Q1 2023

Its operating income increased 7% YoY during the period.

ACWA Power secures finance for 200MW solar plant in Egypt

The project is targeted to commence commercial operations in January 2024.