#ACWA Power

ACWA Power completes $533m financing for Tashkent energy project. Image courtesy ACWA Power / For illustrative purposes

ACWA Power completes $533m financing for Tashkent energy project

The Tashkent Riverside project includes a 500MWh battery energy storage system – the largest in Central Asia – and a 200MW solar project

Saudi Arabia: ACWA Power, Badeel, SAPCO sign PPAs for major solar projects

The development of Saudi Arabia’s renewable energy sector is a core objective of Vision 2030, the kingdom’s blueprint for a modern, diversified economy

ACWA Power and Tunisia sign MOU to build Green Hydrogen project -GettyImages-1340022435

Saudi’s ACWA Power, Tunisia ink deal to develop key green hydrogen project

ACWA Power will explore the development of major green hydrogen project with a first phase of a capacity of 200,000 tonnes per year powered by 4GW of renewable energy

DEWA secure financing for Hassyan desalination plant

DEWA, ACWA Power secure financing for Hassyan desalination plant

The utility giant seeks to produce 100 per cent of desalinated water with clean energy and waste heat by 2030

ACWA Power says breakdown at Morocco solar plant costs firm $47m

ACWA Power says breakdown at Morocco solar plant costs firm $47m

The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024

ACWA Power and Dutch Companies sign MoU Image Acwa Power

Saudi’s ACWA Power inks $4bn green hydrogen deal with Egypt

The initial phase of the project will generate 3,000 tonnes of green hydrogen annually, with the subsequent phase harnessing 2.4 GW of wind energy to produce 500,000 tonnes of green ammonia

ACWA Power and Dutch Companies sign MoU Image Acwa Power

ACWA Power, Dutch entities to explore green hydrogen export corridor

The parties will collaboratively explore the establishment of a green hydrogen export corridor between ACWA Power’s hydrogen production sites and the port of Amsterdam


ACWA Power Chairman Mohammad Abunayyan

Saudi’s ACWA Power inks clean energy deals with Chinese firms

In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects

Marco Arcelli of ACWA Power which signed deals with 6 Italina entities to promote clean energy imag ACWA Power

Clean energy: Saudi’s ACWA Power signs key agreements with these European entities

ACWA Power signed the strategic cooperation agreements at the Saudi-Italian Investment Forum held in Milan on September 4

DEWA selects ACWA Power for Dubai water project

DEWA picks ACWA Power to build Hassyan water desalination plant

The $914m (Dhs3.36bn) Independent Water Producer project has a projected capacity of 180 million imperial gallons per day

ACWA Power H1 2023 results Image Acwa Power

ACWA Power H1 net profit rises 26% to SAR684m

Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m

ACWA Power wind turbine in Central Asia Image Acwa power

Saudi’s ACWA Power successfully installs Central Asia’s largest wind turbine

The 500MW Bash wind farm project is located in the Bukhara region of Uzbekistan

ACWA Power

Saudi’s ACWA Power granted land for 10GW wind project in Egypt

The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities

EWEC secures four bids for 1,500MW Al Ajban solar project

UAE’s EWEC secures four bids for 1,500MW Al Ajban solar park

The solar farm will generate enough electricity to power approximately 160,000 homes across the UAE

Sheikh Mohammed inaugurates phase 5 of Dubai solar park

Sheikh Mohammed inaugurates phase 5 of Dubai solar park

The fifth phase of the Dubai solar park is expected to power 270,000 homes and offset 1.18 million tonnes of carbon emissions per year

Ministry of Energy & Kazakh MoE, ACWA Power Roadmap Signing Image credit ACWA Power

Saudi’s ACWA Power sets roadmap for $1.5bn wind energy project in Kazakhstan

With the head of terms agreement announced earlier this year, the 1GW wind project represents ACWA Power’s entry into Kazakhstan

Taweelah Reverse Osmosis achieves 90 percent capacity

EWEC’s Taweelah Reverse Osmosis facility surpasses 90 per cent capacity

The facility is currently producing 183 MIGD of desalinated water making Taweelah the world’s largest operating reverse osmosis facility


NEOM Green Hydrogen Company closes $8.4bn deal for production facility

The green hydrogen production plant is currently being built at Oxagon in Saudi Arabia’s NEOM region

ACWA Power Riyadh Headquarters Office

ACWA Power, PIF unit jointly invest $3.25bn in three solar projects

The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac

ACWA Power’s Egypt solar project secures $123m financing

The project already has equity bridge loans of $14m from the EBRD and $45m from the APICORP

Opec fund Acwa Power loan agreement for wind farms

OPEC Fund, ACWA Power sign $40m loan deals to build wind farms in Uzbekistan

The loans will support the construction and operation of the 500MW Dzhankeldy wind farm and the 500MW Bash wind power plant in Uzbekistan

Kazakhstan & ACWA Power agreement signed in presence of Abdulaziz bin Salman -

ACWA Power, Kazakhstan to develop key 1GW wind energy and battery storage project

The project marks ACWA Power’s entry into the Central Asian country with an initial investment of $1.5bn

ACWA Power signs PPAs and IAs with Uzbekistan photo courtesy Twitter ACWA Power

Saudi Arabia’s ACWA Power to develop 1.5GW wind plant in Uzbekistan

The project, expected to be valued at $2.4bn, will offset 2.4 million tonnes of carbon emissions per year and power 1.65 million households

PIF subsidiary, ACWA Power to develop MENA’s largest solar plant in Saudi Arabia

The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province

Funding for green-hydrogen plant - sustainable

Funding for green-hydrogen plant at Saudi Arabia’s Neom almost done

Construction of the $5bn plant in the north-west of the kingdom has started


ACWA Power names China’s Silk Road Fund as co-investor in $1bn project in Uzbekistan

ACWA Power owns 51 per cent of the 5 GW Sirdarya combined cycle gas turbine facility, with Silk Road Fund obtaining a 49 per cent stake

ACWA Power to build wind farm in uzbekistan_e1653625930619

ACWA Power, Uzbekistan ink three key energy agreements worth $12bn

The projects initiated will support Uzbekistan’s aim to diversify its energy mix, as it targets 8 GW and 12 GW of solar and wind capacity by 2026 and 2030, respectively

ACWA Power

ACWA Power, OQ, and Air Products sign agreement to build green hydrogen-based ammonia facility in Oman

The facility would be powered by renewable energy and produce green energy products

Image courtesy- ACWA Power

ACWA Power reports net profit of SAR152m in Q1 2022

ACWA Power earned an operating income before impairment loss and other expenses of SAR517m, which was 19.5 per cent higher than the same period in 2021

EFG Hermes completes advisory on $6.1 bn DEWA IPO

EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX