There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.

Cairo, Egypt -- The Egyptian government signed an agreement yesterday with a consortium led by the Saudi company ACWA Power for the largest wind energy production project in the Middle East.With investments reaching up to $1.5 billion, the project will be established in the Gulf of Suez and Jebel El-Zeit...

Dubai, UAE -- Saudi-listed renewable energy giant ACWA Power has signed a $800 million power purchase agreement for ACWA Power Project DAO, South Africa's largest (150MW) hybrid dispatchable renewable energy project. South Africa's Minister of Mineral Resources and Energy, Gwede Mantashe, signed the Implementation Agreement and Segomoco Scheppers from Eskom signed...

Riyadh, Saudi Arabia -- Saudi renewables giant ACWA Power has said it launched the first phase of green hydrogen project in Uzbekistan, with a production capacity of 3,000 tons per year. In a statement, the company added that the project will be developed in two phases. The first phase, a...

The agreements signed with SPPC are valued at $3.9 billion.

The company said higher operating income was the main driver.

Riyadh, Saudi Arabia - Saudi Arabia is set to embark on a significant endeavor to expand its power generation capacity, with plans to attract investment amounting to hundreds of billions of dollars by the end of this decade. Marco Arcelli, the CEO of ACWA Power Co., based in Riyadh, Bloomberg...

It entered into seven solar, hydrogen agreements in China.

Riyadh, Saudi Arabia -- Saudi-listed ACWA Power has signed seven cooperation agreements with Chinese firms for solar, green hydrogen and water desalination projects. The agreements, signed during the third Belt and Road Forum held in Beijing on October 17-18, reaffirm ACWA Power’s commitment to collaborative sustainable development by leveraging its...

Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) Tuesday signed a 30-year water purchaser agreement worth SAR 3.42 billion ($911 million) with Saudi Arabia’s ACWA Power for phase 1 of the Hassyan sea water desalination project using solar power. The project is part of DEWA’s efforts to increase its...

The Jazlah plant in Jubail city applies the latest technological advances in a country that first turned to desalination more than a century ago. Projects like Jazlah, the first plant to integrate desalination with solar power on a large scale, are meant to ease the conflict: officials say the panels...

Riyadh, Saudi Arabia/Guangdong, China -- Saudi-listed ACWA Power has signed MoUs with two Chinese firms to bolster collaboration in China and globally in green hydrogen and ammonia, global renewable energies and integrated smart energies. The agreements were signed with state-owned China Southern Power Grid International Company and clean energy integrated...

Riyadh, Saudi Arabia -- A consortium of ACWA Power and subsidiaries of Saudi sovereign wealth fund, Public Investment Fund, and energy giant Aramco, have announced financial close of Al Shuaibah 1 and Al Shuaibah 2 solar PV projects in Makkah. The projects will generate an aggregate capacity of over 2.6GW...

RIYADH, SAUDI ARABIA -  The National Development Fund (NDF) on Sunday said it will contribute US$453 million (SAR1.7 billion) to the US$2.2 billion (SAR8.3 billion), 2.6 GW Al Shuaibah solar project that is to be carried out by the National Infrastructure Fund (under establishment). This is one of the world’s...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer said on Wednesday that Saudi Arabia’s ACWA Power is the “preferred bidder” for the construction and operation of the 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1...

The Saudi energy developer will be allocated 3,000 sq km of land.

Riyadh, Saudi Arabia: Saudi energy and water desalination developer ACWA Power, along with Haji Abdullah Alireza & Co (HAACO) and Al Moayyed Contracting Group (AMCG) signed a contract with a consortium for the $677 million Rabigh 4 Independent Water Plant (IWP) project. The engineering, procurement and construction (EPC) contract was signed...

There will be a process to select the best proposal.

The shareholders approved to distribute an 8.3% dividend.

Dubai, UAE: Dubai Electricity and Water Authority (DEWA) on Thursday received two bids from ACWA Power and Masdar with the latter submitting the lowest bid of $1.62154 cents per kilowatt hour (kWh) for the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park.  The arrangement will be...

Riyadh, Saudi Arabia ‒ The Public Investment Fund (PIF) owned Water and Electricity Holding Company (Badeel) and ACWA Power are investing $3 billion into three new solar projects in Saudi Arabia. To this end, the companies announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC). The...

Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in the country.     According to its electricity minister, the joint venture project will be developed in Central Iraq’s Najaf city, around 160 km south of the capital, Baghdad.   “The Saudi firm has agreed...

Dubai, UAE -- Saudi ACWA Power has signed three power purchase agreements and investment agreements valued at $2.5 billion with Uzbekistan to develop solar photovoltaic (PV) and battery energy storage systems (BESS) in several cities of the central Asian nation. The pacts were signed with Uzbekistan’s Joint-Stock Company (JSC) National...

The company's operating profit rose 13.5% to $696 million.

The firm signed PPA with the National Electric Grid of Uzbekistan.

The $1.5bn deal will herald a new energy transition phase.

It will build the $7bn project with Oman and a US firm.

The Saudi utility now boasts of $67bn investment portfolio.

ACWA Power Company will join hands with Uzbekistan in order to enter into  a $2.4 billion deal for a 1,500-megawatt wind project, a bourse filing disclosed.

Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar project worth $107 million.

A green hydrogen-based ammonia production facility will be built in Oman.

ACWA Power of Saudi Arabia and its partners have begun work on a big green hydrogen project in NEOM.

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.

Natixis Corporate and Investment Banking of France has signed an agreement to finance ACWA Power projects over the next two years - with a funding of up to $2 billion.

Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the ‘Noor Energy 1 Visitors Centre’ at the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 950-megawatt phase has investments totaling AED15.78 billion based on the Independent Power Producer (IPP) model. The...

The company said losses due to IPO-related issues and payments.

The work on a $6.5 billion green hydrogen plant in Saudi Arabia's planned futuristic city NEOM is likely to begin in the first half of 2022, according to ACWA Power, one of the project partners. ACWA Power, which debuted on Saudi Arabia’s stock market on Oct. 4, expects to finalize...

Riyad-based ACWA Power will enter Saudi Arabia’s main market from the start of trading on Oct.18 and also join the Utilities Industry Group Index, Tadawul announced on Tuesday. ACWA, in which the kingdom's largest sovereign wealth fund, the Public Investment Fund, owns nearly half the stake, saw its shares jump...

ACWA Power shares can be traded on Tadawul from Monday.

ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.

The Saudi utility developer -- half-owned by the the Kingdom's Public Investment Fund, plans to issue 85.3 million shares -- representing 11.67% of the firm after a capital increase.

The 1500MW plant expected to cater to power needs of about 4 million households *ACWA Power also has a 1500MW high-efficiency gas-fired power project under construction in Sirdarya, Uzbekistan Riyadh: ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 countries, has...

Located less than 20 km from Africa’s biggest solar park, Kom Ombo plant will add 200 MW of energy capacity Leading Saudi developer and investor ACWA Power will construct the plant ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 high-growth...