Saudi Arabia
ACWA Power more than doubles net profit in 2022
ACWA Power more than doubles net profit in 2022
Its consolidated net profit amounted to SAR1.54b (US$410.6m).
ACWA Power, Kazakhstan to develop 1GW wind energy, battery storage
The project is expected to be completed in 2027.
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 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 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.
Masdar opens new Saudia Arabia office
It will bid in Saudi Power Procurement’s upcoming Round 4 tender.
ACWA Power, EBRD sign sustainable infrastructure financing deal
Focus countries are Uzbekistan, Azerbaijan, and Egypt.
Saudi’s ACWA Power, Senegal to develop desalination facility, natural gas plant
The project will be located in Sub-Saharan Africa.
ACWA net profit rises 21% in H1
Its net profit stood at SAR542m during the period.
Saudi’s ACWA Power to develop 1.1GW onshore wind project in Egypt
It is expected to operate by the end of 2026.
‘Vast potential’ seen in Saudi Arabia’s solar power sector: report
But, Fitch forecasts its capacity growth will only go over 5.1GW between 2022 and 2031.
Saudi Arabia awards 1,000MW Ar Rass and Saad RE projects
The projects are valued at SAR1.7b and SAR800m, respectively.
Saudi’s ACWA Power launches Dubai solar giant
This 300-MW project forms part of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.
ACWA Power targets $16b new projects for 2021
These projects would be spread out around the world.
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