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

City:
Riyadh
Address:
Building 1, Ground Floor, Business Gate Office Complex, Airport Road, P.O. Box 22616 Riyadh-11416, Saudi Arabia

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • 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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  • August 12, 2024

    China Energy Engineering signed contract for 200 MW Solar PV Project in Saudi Arabia

    China Energy Engineering Corp. (CEEC), via its subsidiaries, has signed an engineering, procurement, and construction (EPC) contract for a 2 GW Haden solar Project in Saudi Arabia.

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  • July 04, 2024

    Financial close reached for 200 MW Solar & 500 MWh BESS project in Uzbekistan

    ACWA Power has reached a financial close for the US$533 million 200 MW solar plant and a 500 MWh Battery Energy Storage System (BESS) project in Tashkent, Uzbekistan.

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  • July 01, 2024

    Qualified Candidates for 500 MW Ibri III Solar Project Announced

    Nama Power and Water Procurement Company has revealed the pre-qualified candidates for the OMR 155 million (US$ 401 million) Ibri III solar project to be built in Ibri, a city in the governorate...

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  • May 06, 2024

    PPA deal signed for 5 GW Onshore wind project in Uzbekistan

    ACWA Power Co has signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for the 5-GW Aral project in the northwestern autonomous region of Karakalpakstan,&nbs...

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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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