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).
Other companies in Saudi Arabia
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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February 28, 2025
PPA signed for a 3.92 GW Combined Cycle Gas Turbine Power Plant in Saudi Arabia
ACWA Power Company announced the signing of a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for a large-scale Combined Cycle Gas Turbine (CCGT) Power Plant,...
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February 27, 2025
Bids received for 500 MW Solar IPP Project in Oman
Nama Power & Water Procurement (PWP), Oman announces the list of bidders who submitted bids for the development of Ibri III Solar Independent power plant (IPP), in Ibri, a city in the governorate...
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February 26, 2025
ACWA Power Signs USD 2.3 billion Deal to Develop the Largest Wind Farm in Egypt
ACWA Power announced the signing of a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a landmark 2 GW wind project in Egypt. Representing a s...
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January 30, 2025
Saudi Arabia announces prequalified bidders for 2 GW/8 GWh battery storage tender
The Saudi Power Procurement Company (SPPC) has released a list of 33 prequalified bidders for its 2 GW/8 GWh battery energy storage system (BESS) tender. The tender, structured as a build-own-op...
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January 02, 2025
ACWA Power secures financing for 1.1 GW Onshore wind farm in Egypt
ACWA Power together with consortium partner HAU Energy, a subsidiary of Hassan Allam Utilities, have achieved the financial close for the 1.1GW Suez Wind Farm located in the Gulf of Suez and the...
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December 31, 2024
Saudi Arabia Shortlists Bidders for 8,000 MWh Battery Energy Storage Systems
Saudi Power Procurement Company (SPPC) has announced the list of qualified bidders for the Group 1 Battery Energy Storage Systems (BESS) project, which aims to develop 2,000 MW/8,000 MWh storage capac...
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October 15, 2024
JinkoSolar supplies 3 GW of modules in Saudi Arabia
Chinese solar module manufacturer JinkoSolar has delivered 3 GW of its tunnel oxide passivated contact (TOPCon) solar modules for the 3 GW Saudi PIF4 project after signing a supply agre...
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August 27, 2024
ACWA Power planned to build 500 MW solar plant and BESS in Uzbekistan
ACWA Power has planned to build a 500 MW solar plant and a 500 MWh battery energy storage system in Uzbekistan under a project proposed by the Asian Development Bank (ADB).
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August 21, 2024
KAPP shortlists companies for Dabdeba, Shagaya Renewable Energy Projects
The Kuwait Authority for Partnership Projects (KAPP) has announced the qualification results of the companies and consortiums applying for the Dabdeba Electric Power Generation Project and the Shaqaya...
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August 16, 2024
ACWA Power signs PPA for 60 MW floating solar project in Indonesia
ACWA Power Co has signed a power purchase agreement (PPA) with Indonesia's state-owned electricity utility PT Perusahaan Listrik Negara (Persero) (PLN), for the 60-MW Saguling floating solar PV projec...
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