ACWA Power

Saudi Arabia energy major ACWA Power announced it is developing more than 1 GW of renewable energy projects in China. The company in reports published Dec. 31 said the portfolio includes solar and wind power installations that would be owned jointly by ACWA Power and Chinese renewable energy developers. ACWA Power in a statement to […]

In 2002, the government of Saudi Arabia moved to step up the private sector’s role in the kingdom’s economy by opening the production of power and desalinated water. Saudi firms Abunayyan Trading Co., Abdulkadir Al Muhaidib & Sons Co., and MADA Group for Industrial and Commercial Development sensed a tremendous opportunity, forming ACWA Power Projects […]

Egypt’s support for renewable energy has received another boost, with ACWA Power and Egyptian officials on July 17 signing an agreement to allocate land for a 10-GW wind power project. Saudi Arabia-based ACWA Power, the world’s largest private water desalination company, on Monday announced a memorandum of understanding (MoU) with the New and Renewable Energy […]

A Saudi Arabian energy group has signed agreements with officials from Uzbekistan to help the latter country increase its use of renewable energy resources and develop production of green hydrogen. ACWA Power, which develops power generation and other industrial projects, and Uzkimyosanoat (UKS), the national holding company for chemicals in Uzbekistan, announced the deals during […]

Heads of Agreement signed with the Ministry of Energy and Samruk-Kazyna, the country’s sovereign wealth fund in the presence of HRH Prince Abdulaziz New partnership indicates ACWA Power’s market entry into Kazakhstan Riyadh, Saudi Arabia – 02 March 2023: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants […]

Saguling and Singkarak projects represent a 110MWac combined capacity and US$105million in investment value Facilities are ACWA Power’s first floating solar PV projects in its 60+asset portfolio Riyadh, Kingdom of Saudi Arabia, November 01, 2022:  ACWA Power Company, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced […]

Riyadh, KSA (Dec. 20, 2021) — ACWA Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, today announced it has finalized the project agreements for the 100MW Nukus wind project in the Republic of Uzbekistan. Valued at US$108 million, the Nukus wind farm is located in […]

Al Jouf, KSA (April 9, 2021) — ACWA Power, a leading Saudi developer, investor and operator of power generation and water desalination plants, today announces the official inauguration of the 300 MW Sakaka PV IPP, KSA’s first utility scale renewable energy project, at an investment value of 1.2 billion Saudi riyals. The ceremony was held […]

Abu Dhabi Power Corp. (ADPower) in late April announced what it called the lowest-ever cost-competitive tariff for a solar photovoltaic (PV) project, a few months after a project in Dubai made that claim for

Azerbaijan, Baku, 09 January 2020: ACWA Power signed today an implementation agreement with the Ministry of Energy of Azerbaijan for developing, building and operating a 240 MW wind power project. The power purchase agreement (PPA) of the project spans over a period of 20 years on a Build Own Operate (BOO) basis. The ceremony was […]