ACWA Power

Saudi-listed ACWA Power has signed a power purchase agreement with Indonesia’s state-owned PT Perusahaan Listrik Negara for its inaugural floating solar photovoltaic project in the country. The Saguling Floating Solar PV Project, with a…
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Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstanding loans into equity following an agreement with major lenders and minority shareholders. ACWA Guc, which operates the…
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Saudi utility giant ACWA Power reported a 35.46 percent increase in net profit for the first half of 2024, reaching SR926.79 million ($246.88 million), compared to the same period last year. In a statement to the Saudi Stock Exchange,…
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Saudi utility firm ACWA Power has finalized deals to sell 35 percent of its stake in two subsidiaries to China Southern Power Grid International for SR595.9 million ($158.87 million). In a statement to Saudi stock exchange Tadawul, the…
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Saudi energy giant ACWA Power Co. has signed financing deals worth SR1.4 billion ($373.1 million) for Tashkent’s Riverside power plant in Uzbekistan, according to a statement on Tadawul. The facility aims to generate 200 megawatts of…
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Saudi-listed ACWA Power, the world’s largest private water desalination company and a leader in energy transition, has signed an agreement with the Tunisian government for a project that will produce up to 600,000 tons per year of green…
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Saudi Arabia’s ACWA Power signed memorandums of understanding with several Japanese companies on the sidelines of the Saudi-Japan Vision 2030 Business Forum that took place on May 21. ACWA Power signed agreements with Sumitomo Mitsui…
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The third stage of a Dubai-based 900-megawatt solar project being developed by Shuaa Energy 3 is ready to begin commercial operations, it has been announced. Saudi energy firm ACWA Power — which owns a 24 percent stake in the company…
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Saudi Arabia’s power generation is poised for a substantial boost following the successful closing of financing for two electricity projects, with a combined capacity of 3.6 gigawatts. The deals involving the Taiba 1 and Qassim 1…
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Saudi utility firm ACWA Power has expressed interest in investing $10 billion in Malaysia over the next 10 years to develop renewable energy projects. According to a report by the Malaysian National News Agency Bernama, ACWA Power will…
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