• 22+ GW

    of power

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  • 2.5 million M3 day

    of desalinated water

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Press Releases

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  • ACWA Power Donates a 2.6 MW Solar Power Plant to King’s Academy

    ACWA Power Donates a 2.6 MW Solar Power Plant to King’s Academy

    Tuesday, April 4 2017

    King’s Academy in Jordan has signed a memorandum of understanding (MoU) with  ACWA Power – a leading  developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants – to design, develop and construct a Solar Photovoltaic Facility (PV) on the school’s campus. The full cost of the 2.6 MWp plant has been donated by ACWA Power to King’s Academy, amounting to US $4 million. The plant will offset the equivalent of 2,300 metric tons of CO2 and power the equivalent of 350 households.

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  • King Mohammed VI of Morocco launches the Noor PV I  Program in Ouarzazate

    King Mohammed VI of Morocco launches the Noor PV I Program in Ouarzazate

    Sunday, April 2 2017

    His Majesty King Mohammed VI of Morocco chaired the ground breaking ceremony of the NOOR Ouarzazate IV plant on Saturday. The program is the first phase of Photo Voltaic Power (PV) generation plants of the NOOR Solar Plan.

    The ground breaking ceremony of NOOR Ouarzazate IV plant, with a generating capacity of 72 MW, follows the agreement that was signed in November 2016 at COP22 at Marrakechby a consortium led by the leading water and power developer, ACWA Power, to develop and operate the plant. The total cost of NOOR PV I project is US $ 220 million.

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  • ACWA Power expands its portfolio to 8 assets with 1,665MW representing almost 40% of the total installed capacity in Jordan

    ACWA Power expands its portfolio to 8 assets with 1,665MW representing almost 40% of the total installed capacity in Jordan

    Tuesday, March 28 2017

    • New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan
    • Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project
    • The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant
    • The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA Power as largest power generator in the Kingdom
    • Signing ceremony of Power Purchase Agreement between ACWA Power and National Electric Power Company (NEPCO) occurred on 28 February 2017 under the auspices of the Minister for Energy and Mineral Resources

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  • ACWA Power and APICORP Announce a Transaction Concerning a Minority Stake in Shuqaiq IWPP

    ACWA Power and APICORP Announce a Transaction Concerning a Minority Stake in Shuqaiq IWPP

    Monday, March 27 2017

    International Company for Water & Power Projects (ACWA Power) a leading developer, owner and operator of independent power generation & water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the signing of a sale and purchase agreement in respect of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP) in Saudi Arabia.

    Under the terms of the agreement, which is subject to the satisfaction of conditions precedent involving certain consents, APICORP shall purchase a 13.33% equity stake in Shuqaiq International Water Company (SIWEC), thereby giving them an 8% effective stake in Shuqaiq IWPP.

     

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