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 reaches financial close for 200 MW Egyptian solar plant
The project is expected to start operations by January 2024.
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.
ACWA Power, Uzbekistan to develop solar, battery projects
They will add 1.4GW of renewable energy and 1.5GWh of battery storage in Uzbekistan.
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.
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