Articles tagged with 'news' | ACWA Power

Riyadh, Saudi Arabia/Guangdong, China – 11 September 2023: Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed strategic Memorandums of Understan...

Marco Arcelli: We are proud to support transitioning to a more sustainable futureGWECCC 2023 will provide a platform for ACWA Power to showcase its expertise and network with other industry players.

Riyadh, Saudi Arabia/ Milan, Italy – 4 September 2023: Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed strategic agreements with six Italian ...

Riyadh, Saudi Arabia/ Cairo, Egypt – 30 August 2023: ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, today announced the financial ...

Total investments amount to US$2.37 billion, with commercial operations planned to commence by 2025.Achieving the financial close for the Projects is a key achievement in the National Renewable Energy Program (NREP) which is led and supervised by the...

Dubai, United Arab Emirates – 17 August 2023: ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, has been declared as the ‘Preferred B...

Net profit attributed to equity holders at SAR 684 million, up 26% year-on-yearAnnual dividend of SAR 607 million (SAR 0.83 per share) for 2022 fully paid on 12 July

Riyadh, Saudi Arabia; 08 August 2023: ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, has successfully installed the first wind tur...

Cairo, Egypt – 18 July 2023: ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, marked a momentous meeting between the Egyptian Prime ...

ACWA Power and the New and Renewable Energy Authority (NREA) have signed a Memorandum of Understanding (MoU) to allocate land outside Sohag, Egypt for a 10 GW wind projectAgreement is the next step the project’s development following an MoU between A...

ACWA Power and Toray Industries to jointly research energy-saving technologies for seawater reverse osmosis (SWRO) desalination plantsToray to analyse ACWA Power’s operational plants to provide commercially viable solutions to improve energy efficien...

A consortium of Power China, SEPCOIII, and WETICO has been awarded the engineering, procurement, and construction (EPC) contract for the Rabigh 4 Independent Water Plant (IWP) in Saudi Arabia.The total project cost of the SR 2.54 billion (US$677 mill...

The three-year revolver agreement will support ACWA Power’s plans to scale up power and desalination water generation portfolio in the Middle East and Belt & Road countries

Riyadh, Saudi Arabia – 18 June 2023: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced the signing of an Engineering, Procurement, and Construction (EP...

MOU agreement to enable joint development of innovative technologies and solutions to significantly enhance renewable energy efficiency and optimize implementation costsPartnership to also foster technology transfer and support socio-economic growth ...

Riyadh, Saudi Arabia – 13 June 2023: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced the signing of the Roadmap Agreement with the Ministry of Energy...

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...