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 in excess of 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 per Country ()
Projects per Subsector ()
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The company has not participated in any projects.
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Company updates
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December 29, 2022
PPA signed for 1.5 GW Onshore wind farm in Uzbekistan
ACWA Power and the government of the Republic of Uzbekistan have signed power purchase agreements (PPAs) and investment agreements (IAs) for the development of the 1.5 GW Kungrad wind project.
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December 09, 2022
PPA signed for 2.06 GW Solar PV project in Saudi Arabia
Power purchase agreements signed for the 2.06 GW Al Shuaibah 2 solar project in Mecca, Saudi Arabia.
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November 28, 2022
MoU signed for USD7 billion Hydrogen project in Thailand
ACWA Power, PTT Public Company Limited (PTT) and Electricity Generating Authority of Thailand (EGAT) have signed a Memorandum of understanding (MoU) to explore green hydrogen and derivatives...
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November 11, 2022
MoU signed for 1.1 GW onshore wind project in Egypt
ACWA Power Company has signed a memorandum of understanding (MoU) with Oman Investment Authority (OIA) to explore bringing the sovereign wealth fund on as an investor for the 1.1GW Suez Wind Energy pr...
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November 03, 2022
ACWA Power signs MoU for 10 GW Egyptian wind project
ACWA Power and the Egyptian New and Renewable Energy Authority have signed a memorandum of understanding (MoU) for the construction of a 10 GW wind power complex in the country. The agreement was sig...
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November 02, 2022
ACWA to develop 110 MW of Indonesian floating solar projects
ACWA Power has signed an agreement with PT Perusahaan Listrik Negara (PLN) to develop and co-own 110 MW of floating solar projects in Indonesia. ACWA Power will install 60 MW Saguling and 50 MW Singk...
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October 26, 2022
ACWA Power, ENERGY CHINA sign EPC for 2.6 GW solar PV project in Mecca
China Energy Engineering Group Co., Ltd. (ENERGY CHINA) announced the signing of an engineering, procurement, and construction (EPC) contract with ACWA Power for the 2.6 GW Al Shuaibah solar photovolt...
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October 13, 2022
ACWA Power, KEPCO sign MoU for South Korean green hydrogen/ ammonia projects
ACWA Power and Korea Electric Power Corporation (KEPCO) have signed a comprehensive memorandum of understanding (MoU) proposing a potential collaboration in the development of green hydrogen/ammonia p...
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September 30, 2022
Uzbekistan shortlisted 10 companies for 200 MW wind farm in Karakalpakstan
The Ministry of Energy of the Republic of Uzbekistan has shortlisted 10 companies in response to the Request for Qualification (RFQ) seeking independent power producers for the construction and o...
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August 22, 2022
ACWA Power signs agreements to develop 1.5 GW wind farm in Uzbekistan
ACWA Power has signed a Heads of Terms agreement with the government of the Republic of Uzbekistan for the development of a 1.5 GW onshore wind farm in Karakalpakstan, Uzbekistan.
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