ACWA Power targets $16b new projects for 2021 | Asian Power
,Saudi Arabia

ACWA Power targets $16b new projects for 2021

These projects would be spread out around the world.

Saudi-backed ACWA Power is planning to invest $16b in new projects around the world for 2021, according to a report by Arab News.

In 2020, the company planned to invest $10b in new projects but in light of government restrictions due to the pandemic, ACWA  Power only managed $3.5b projects.

ACWA said because there is some spill-over from 2020, they increased their target to $16b.

Since its founding in 2004, ACWA has a total of 64 assets, 15 offices, 3,500 employees and has a presence in 13 countries.

Get Asian Power in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The plant’s 40-year license expires in 2025.
The company plans to go carbon neutral by 2050.
The plant will produce around 550 tons of hydrogen a year.
It plans to invest A$1b in renewables and low carbon energy.
Deadline for entries to the inaugural awards programme is on 24 September.
The shares were bought for $453m.
The power minister said energy transition is taking place at a rapid pace.
Newly appointed Daniel Westerman wants the grid to handle 100% renewable energy by 2025.
This is the company’s first venture into Korea's offshore wind market.
The PV farm has a 60 MWp capacity.
The project has an estimated cost of $100b.
The plant has a capacity of 4.75 GW and would be built in Gujarat, India.
The company plans to transition to low-carbon.
The government made the decision a year after the plant’s completion.