Articles tagged with 'news' | ACWA Power

His Excellency Eng. Abdulrahman bin Abdul Mohsen Al-Fadhli, Minister of Environment, Water and Agriculture of Saudi Arabia and Chairman of the Board of Directors of the Saudi Water Partnership Company, inaugurated the plantThe $650 million project wi...

Manama, Bahrain, May 30 2023: His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of Bahrain, today inaugurated the Al-Dur 2 Phase 2 Independent Water and Power Project (IWPP)....

New technology to be developed in King Abdullah University of Science and Technology (KAUST)Cutting-edge UF Technology delivers reliable high-quality pre-treated water at a lower costPotential to reduce desalination plant energy consumption and carbo...

NEOM Green Hydrogen Company is an equal joint venture by ACWA Power, Air Products and NEOM, building the world’s largest green hydrogen plant to produce green ammonia at scale in 2026.The project at a total value of USD8.4 billion is being financed w...

Projects intend to produce a combined capacity of 4.55GWac, powering approximately 750,000 householdsProjects mark an important milestone for the National Renewable Energy Program, which is supervised by Ministry of EnergyPIF is mandated to develop 7...

Partnership agreement worth approximately $100 million with Uzkimyosanoat to spearhead decarbonisation of Uzbekistan's chemical sector through pioneering green hydrogen projectsFinancing agreements signed for circa US$120 million Karatau Wind Project...

Consolidated net profit attributable to equity holders of the parent for the first three months of 2023 reaches SAR270 million, a 78% increase year-on-yearOperating income in the same period grew 7% year-on-year to SAR559 millionThe Company raised SA...

Tashkent, Uzbekistan, April 30: Issues of implementation of current projects and opportunities for cardinal expansion of partnership were discussed at the meeting of the President of Uzbekistan Shavkat Mirziyoyev with the Founder and Chairman of the ...

EBRD, OPEC Fund, AfDB, GCF, SEFA, Arab Bank and APICORP provide loans for Egyptian clean energy facilityProject expected to reach commercial operations in January 2024

Saudi Water Partnership Company (SWPC), a government body, awards contract for 600,000 cubic metres/ day facility to ACWA PowerFinancial close for the project expected during 2023

Marco Arcelli, joins as CEO to steer regional and global expansionRaad Al Saady, joins as Vice Chairman and Managing DirectorPaddy Padmanathan continues to serve on the Board of ACWA Power

Three solar photovoltaic plants with three BESS projects to be developed in Tashkent, Samarkand, and BukharaAggregate power production of 1.4 GW from solar PV projects and 1.5 GWh of storage capacity from Battery Energy Storage Systems (BESS)Total in...

First program of its kind in the Kingdom of Saudi Arabia that focuses on training females in the renewable energy and water fieldsFirst batch will include 60 female trainees in the disciplines of water and mechanical maintenance...

Consolidated net profit attributable to equity holders of the parent for 2022 more than doubles, reaching SAR1,540 million, a 103% increase year-on-yearOperating income grew 14% year-on-year to SAR2,614 millionAdded a record 5.44GW of power generatio...

Heads of Agreement signed with the Ministry of Energy and Samruk-Kazyna, the country’s sovereign wealth fund in the presence of HRH Prince AbdulazizNew partnership indicates ACWA Power’s market entry into Kazakhstan...

Inks multiple agreements with Republic’s Ministry of Energy and State Oil Company of Azerbaijan Republic (SOCAR)New projects to build Azerbaijan’s clean energy and aid decarbonisation efforts

Transaction marks the first double digit credit spread by any corporate issuer in Saudi capital markets since 2017Phase 2 of ACWA Power’s SAR 5 billion programme to support its asset growth as well as Saudi Arabia’s domestic Debt Capital Market depth...

2.4 million cm3 of water capacity per day added across 4 mega reverse osmosis plants in the Middle EastAdded water capacity serving 5.5 million more people in the GCC

-   Saudi company signs extensive head of terms agreements with Uzbek government to set up a green hydrogen facility and pilot project for a green ammonia

Saudi company to work with Austria’s leading electricity company to explore joint projects on green hydrogenMemorandum of Understanding signed during Abu Dhabi Sustainability Week 2023

ACWA Power signs Power Purchase Agreements (PPAs) and investment agreements through three wind power subsidiaries to develop the 1.5 GW Kungrad wind farmThe Kungrad wind farm, formerly referred to as Karakalpakstan Wind IPP, will be the largest singl...

-   Agreements signed during state visit of Chinese President Xi Jinping to Saudi Arabia

The 2,060 MW solar PV IPP set to be developed in Makkah province, western Saudi ArabiaA joint company was established under the name of “Shuaibah Two Electrical Energy Company” to develop the projectThe project is expected to be completed by Q4 2025T...

The three parties signed a memorandum of understanding to initiate the sustainability-focused collaborationThailand intends to produce green hydrogen and derivatives to power the country with clean energy and export the fuel to global marketsACWA Pow...

Bali, Indonesia; November 24, 2022: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, signed a Memorandum of Understanding (MoU) with PT Perusahaan Listrik Negar...

Bali, Indonesia; November 23, 2022: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, and PERTAMINA New & Renewable Energy (PERTAMINA NRE), have signed a joint d...

TSFE to potentially acquire up to 10% stake in the wind project through its Infrastructure & Utilities SubfundProject investors include Egypt’s Hassan Allam Holdings and Oman Investment AuthorityValued at US$1.5 billion, the project is expected to be...

Riyadh, Kingdom of Saudi Arabia, November 10, 2022:  ACWA Power Company, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, is joining the critical global debate on climate a...

The signing was attended by His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia OIA will own up to 10% stake in the wind farm projectEgypt’s Hassan Allam Holdings is a 25% co-investorACWA Power will hold the rem...

Consolidated net profit attributable to equity holders of the parent for the first nine months of SAR883 million, a 110% increase year-on-yearAdjusted net profit increased by 7% year-on-year