ACWA Power
Company description
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with operations in 10 countries in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value of over USD 26 billion, can generate 16.9 GW of power and produce 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long-term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models.
ACWA Power, registered and head-quartered in the Kingdom of Saudi Arabia, is owned by eight Saudi conglomerates, Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
Company details
Participation in projects
Projects as Project Owners per Country ()
Projects as Project Owners per Subsector ()
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The company has not participated in any projects.
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Company updates
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April 05, 2024
PPA signed for 200 MW Wind & Battery storage project in Uzbekistan
ACWA Power has signed a SAR 985.13 million (US$262.46 million) power purchase agreement (PPA) with Uzbekistan's National Electric Grid for the Nukus 2 200 MW wind and battery energy storage system (BE...
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February 22, 2024
Nextracker to supply trackers for 1.17 GW Solar project in Saudi Arabia
ACWA Power and Larsen & Toubro Limited (L&T) have selected Nextracker to provide its all-terrain tracker NX Horizon-XTR for a 1.17 GW installation at Al Kahfah Solar Power...
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January 12, 2024
Land Agreement signed for 1.1 GW Onshore Wind project in Egypt
Hassan Allam Utilities and ACWA Power have signed a 25-year land usufruct agreement with Egypt’s New and Renewable Energy Authority for a 1.1 GW Wind Energy project in Egypt.
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December 29, 2023
Winning bidder announced for 200 MW wind farm and 100 MW battery storage in Uzbekistan
The Ministry of Energy has announced the winning bidder for the 200 MW wind farm and 100 MW battery storage in the Karaozak and Beruniy districts, Karakalpakstan, Uzbekistan.
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December 22, 2023
USD 140 million loan for 200 MW solar PV plant and 500 MWh energy storage system in Tashkent
The European Bank for Reconstruction and Development (EBRD) has allocated a new loan to ACWA Power for the development, design, construction and operation of a 200 MW sol...
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December 21, 2023
Bidders shortlisted for 400 MW/400 MWh solar plus battery storage project in Morocco
The Moroccan Agency for Sustainable Energy (Masen) has published a list of the pre-qualified bidders for the Noor Midelt III a 400 MW solar plant in Morocco.
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December 21, 2023
USD 4 billion Agreement signed for green hydrogen project in Egypt
ACWA Power has signed a framework agreement for the development of the first phase of the green hydrogen project in Egypt. ACWA Power, in collaboration with The Sovereign Fund of Egypt (TSF...
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December 21, 2023
PPA signed for 442 MW solar facility in Northern Cape province
ACWA Power has signed a power purchase agreement (PPA) with state-owned utility Eskom for a 442 MW solar facility with 1200 MWh of battery storage (Project DAO) in Northern Cape province, South A...
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December 11, 2023
Agreement Inked for USD1 billion Green Hydrogen Project in Indonesia
ACWA Power has inked an agreement to develop a green hydrogen facility named Garuda Hidrogen Hijau (GH2) in Indonesia. In partnership with Indonesia's state-owned electricity provider PT Perusahaan L...
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October 31, 2023
US$246 million financing secured for 240 MW wind project in Azerbaijan
Saudi Arabian utility developer ACWA Power has secured US$246 million in financing for its 240 MW wind project in Azerbaijan. This wind power project marks the country's inaugural utility-scale wind...
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