ACWA Power

Acwa Power to Enter China in 2021: CEO
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.
Sep 5, 2023 // Markets & Finance News, Saudi Arabia, China, Asia, ACWA Power
Saudi's $123M Egypt Solar Closes Financing
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.
Aug 30, 2023 // Markets & Finance News, Asia, Africa, Egypt, ACWA Power, Solar Project
ACWA: 2.6GW Saudi Solar Farms Financed
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.
Aug 21, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant
$2.2B Financed for Saudi's Largest Solar Project
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.
Jul 17, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant, Solar Project
ACWA Power inks financing deal for 200MW Egyptian solar
$ 123m package includes loans of approximately $36m from the EBRD as well as $14.6 m from the OPEC Fund
Apr 25, 2023 // Markets & Finance News, Asia, Africa, Egypt, ACWA Power
TotalEnergies to ask ACWA Power to sign up with 1-GW Iraqi solar project
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.
Apr 7, 2023 // Plants, Large-Scale, Commercial, ACWA Power, PV Power Plant, TotalEnergies, Iraqi solar project
ACWA Power to include 1.4 GW of solar, 1.2 GW of storage space in Uzbekistan
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.
Mar 6, 2023 // Plants, Storage, Asia, Uzbekistan, ACWA Power
Saudi Arabia introduces world's largest solar-power plant
On November 30th ACWA Power, a local energies firm, authorized an agreement with Water and Electricity Holding Company (Badeel) to build the globe's biggest single-site solar-power plant in Al Shuaibah, Mecca province.
Feb 17, 2023 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, ACWA Power, PV Power Plant
ACWA Power to develop 2060MW solar project
JV with Water and also Electricity Holding Company (Badeel) is to be constructed in Saudi Arabia
Nov 30, 2022 // Plants, Large-Scale, Commercial, ACWA Power, Solar Project
ACWA Power to build 110MW floating PV project
Indonesia's state-owned utility PLN has actually selected the firm to supply 2 schemes worth $105m.
Nov 1, 2022 // Plants, Large-Scale, Commercial, Floating PV, Asia, Indonesia, ACWA Power, PV Power Plant, Clive Turton
ACWA Power posts strong H1 results as it continues its renewables expansion
Saudi Arabian renewables developer ACWA Power uploaded solid H1 2022 results as it remains to divert its portfolio to renewables and low-carbon technologies.
Aug 15, 2022 // Markets & Finance News, Saudi Arabia, floating PV, Asia, power purchase agreement, Indonesia, Uzbekistan, Oman, ACWA Power
Saudi Arabia Signs PPA Contracts for Solar Energy Deals Worth $665 Million
Saudi Arabia Energy Minister educates that even more renewable projects worth 15 gigawatts will certainly be added this as well as coming year. Saudi Power Procurement Company authorized PPAs with Ar Rass Solar and also consortium led by Jinko Power.
Mar 9, 2022 // Markets & Finance News, Saudi Arabia, PPA, Asia, Jinko Power, power purchase agreement, ACWA Power, SPPC, Ar Rass Solar Energy Company, Prince Abdulaziz bin Salman
ACWA makes power play for 700MW Saudi solar
25-year PPA with SPPC is for the $450m Ar Rass solar project in Al Qassim province
Mar 8, 2022 // Plants, Saudi Arabia, Asia, ACWA Power, Saudi Power Procurement Company, SPPC
ACWA Power team toasts 500MW solar success in Oman
Ibri 2 project will supply electricity to the Oman Power and Water Procurement Company for over 15 years
Jan 25, 2022 // Plants, Large-Scale, Commercial, Asia, Oman, ACWA Power, solar farm, Mohammad Abunayyan
ACWA Power gets green light for 217-MW solar project in UAE
Saudi Arabia's International Company for Water and also Power Projects (TADAWUL:2082), or ACWA Power, can begin work on the first 217-MW phase of the Noor Energy 1 solar project in Dubai after obtaining a certificate of industrial operation.
Jan 11, 2022 // Plants, Asia, ACWA Power, UAE, Solar Project