ACWA Power

ACWA Power's Riverside solar project in Uzbekistan sparks a green energy revolution, combining 200 MW solar capacity and cutting-edge battery storage to power the future sustainably.

ACWA Power powers up Africa with 200-MW solar park in Egypt and expanding Redstone CSP, lighting up 400,000 homes and boosting renewable energy investments to new heights!

ACWA Power secures SAR 9.7 billion for three massive solar plants, driving renewable energy growth in Saudi Arabia with a total capacity of 5.5 GW.

ACWA Power makes waves in Indonesia with 60 MW floating solar project, signaling growth potential and commitment to renewable energy in Southeast Asia.

ACWA Power shines bright in Saudi Arabia with 5.5 GW solar projects, powering the nation towards a sustainable future.

ACWA POWER secures 25-year PPA for wind and BESS project in Uzbekistan, supporting the country's renewable energy goals. Masdar also involved in sustainable development initiatives.

ACWA Power secures $2.3 billion for 4.55 GW solar projects in Saudi Arabia, with major banks backing the initiative. Leading the way in renewable energy development.

Iraq's Ministry of Electricity is set to sign a contract with ACWA Power Co for a 1-GW solar project in Najaf Governorate, following a year-long delay and rumors. The Council of Ministers has approved the project, bringing it one step closer to fruition.

Acwa Power Co. is expanding to China and other Asian markets in 2022, focusing on desalinization, power plants and renewable energy. The move is part of the company's global expansion and carbon emission neutralization plans. CEO Marco Piero Arcelli, appointed in 2021, is driving the firm's ambitions to also build partnerships and establish operations in Europe and Saudi Arabia.

ACWA Power has closed financing for 200MW Kom Ombo solar project in Egypt, with $123 million of the total $182 million investment coming from international institutions. In January 2024, the plant will provide electricity to 130,000 households and help Egypt meet its 2035 goal of 42% renewable energy.

ACWA Power has reached financial close on two solar projects in Saudi Arabia with a combined capacity of 2.6GW. Investment totals US$2.37bn and commercial operations will begin in 2025, providing clean renewable energy as part of Saudi's National Renewable Energy Program.

Financing for Al-Shuaibah 1 & 2 solar projects secured by ACWA Power at SR8.3 billion. Investment to power 350,000 homes in Saudi Arabia to support Vision 2030 energy goals. Consortium of local, regional, international banks to provide SR6.1 billion in senior debt & SR4.4 billion US-dollar commercial facility. Project to begin commercial operations by Q4 2025.

$ 123m package includes loans of approximately $36m from the EBRD as well as $14.6 m from the OPEC Fund

French energy significant TotalEnergies SE (EPA: TTE) plans to invite Saudi company ACWA Power Co (TADAWUL:2082) to join the advancement of a 1-GW solar project in Iraq.

ACWA Power (TADAWUL:2082) has actually signed deals to build two solar parks with a combined capacity of 1.4 GW as well as include battery storage space of 1.2 GW in Uzbekistan, the country's Energy Ministry claimed over the weekend break.