ACWA Power

ACWA Power is a Saudi power and water infrastructure company headquartered in Riyadh and founded in 2004. It develops, invests in, constructs and operates large-scale power-generation and desalination projects, with activities spanning conventional power, renewable energy and desalination. Its markets include the Middle East, Africa, Central Asia and Southeast Asia. The company was listed on the Saudi Exchange in 2021.

Founded in 2004, ACWA Power has focused on power generation and desalination infrastructure. Its business model combines project development, investment, construction participation and long-term operation of large energy and water facilities. As demand for power, water infrastructure and energy transition projects grew in the Middle East, the company expanded into renewable energy and entered markets in Africa, Central Asia and Southeast Asia. ACWA Power was listed on the Saudi Exchange in 2021.

• 2021

  Listed on the Saudi Stock Exchange

  [1]ACWA Power official websiteacwapower.com

  ACWA Power listed on the Saudi Stock Exchange under the ticker symbol 2082.

• 2004

  Company founded

  [1]ACWA Power official websiteacwapower.com

  ACWA Power was founded and began building its power and water desalination infrastructure business.

A developer, investor and operator of power and water projects serving governments, utilities and large-scale infrastructure markets.

• Power generation projects

  ACWA Power develops, invests in and operates large power-generation facilities serving utilities and major infrastructure markets.

• Renewable energy projects

  The company develops and operates renewable-energy projects, including solar projects, as part of its power infrastructure portfolio and energy-transition activities.

• Desalination projects

  ACWA Power develops and operates desalination facilities that provide large-scale water infrastructure for water-stressed regions.

• 2022.03.22

  Reported2022.03.22

  PIF announces initial partners for MENA voluntary carbon market[2]PIF宣布中东和北非自愿碳市场首批合作伙伴saudigazette.com.sa

  PIF announced that Aramco, SAUDIA, ACWA Power, Ma’aden and ENOWA had each signed a separate non-binding MoU to become potential partners of the MENA regional Voluntary Carbon Market and support its development.

• 2022.03.21

  Reported2022.03.21

  ENOWA joins green hydrogen plant joint venture[3]ENOWA参与绿氢工厂合资项目arabnews.com

  ENOWA will represent NEOM as the principal shareholder in the world's largest green hydrogen production plant, in an equal joint venture with Air Products and ACWA Power.

• 2022.02.13

  Reported2022.02.13

  ACWA Power secures $470 million loan for RAWEC[4]ACWA Power为RAWEC获得4.7亿美元贷款arabnews.com

  ACWA Power secured a $470 million senior loan facility for its subsidiary RAWEC. The proceeds are intended for financial commitments, including financing expenses and general corporate purposes such as dividend distributions.

• 2022.01.24

  Reported2022.01.24

  ACWA Power-led consortium inaugurates Ibri 2 solar project[5]ACWA Power牵头的联合体启用Ibri 2太阳能项目arabnews.com

  A consortium led by ACWA Power inaugurated Ibri 2, a 500 MW solar independent power project connected to Oman's national grid.

• 2021.12.22

  Reported2021.12.22

  ACWA Power appoints Clive Turton as CIO[6]ACWA Power任命Clive Turton为首席投资官arabnews.com

  ACWA Power brought Clive Turton on board as Chief Investment Officer.

• 2021.12.22

  Reported2021.12.22

  ACWA Power announces planned Deputy CFO appointment[6]ACWA Power任命Clive Turton为首席投资官arabnews.com

  ACWA Power said Abdulhameed Muhaidib will assume the newly created Deputy CFO position starting March 1, 2022; the appointment was announced in the source published on December 22, 2021.

• 2021.12.22

  Reported2021.12.22

  ACWA Power announces portfolio management succession[6]ACWA Power任命Clive Turton为首席投资官arabnews.com

  ACWA Power said CFO Kashif Rana will take over the portfolio management role while remaining CFO.

• 2021.10.27

  Reported2021.10.27

  ACWA Power completes acquisition of first Jazan IGCC project assets[7]ACWA Power完成收购Jazan IGCC项目首批资产arabnews.com

  ACWA Power announced the financial close and completion of the acquisition of the first group of assets for the Jazan integrated gasification combined cycle project.

• 2020.09.07

  Reported2020.09.06

  ACWA Power completes financing agreements for Dubai solar project[8]ACWA Power完成迪拜太阳能项目融资协议签署arabnews.com

  ACWA Power completed the signing of all financing agreements for the 900MW Shuaa Energy 3 solar project, the fifth phase of Dubai’s Mohammed bin Rashid Al-Maktoum Solar Park.

• Unconfirmed

  ACWA Power and Shanghai Electric sign solar-park EPC agreement[9]ACWA Power与上海电气签署太阳能园区EPC协议technicalreviewmiddleeast.com

  ACWA Power and Shanghai Electric signed an EPC agreement for phase five of the Mohammed Bin Rashid Solar Park, with Shanghai Electric to deliver the project in three phases.

Read more(13)

1. 1ACWA Power official websiteacwapower.com
2. 2PIF宣布中东和北非自愿碳市场首批合作伙伴saudigazette.com.sa
3. 3ENOWA参与绿氢工厂合资项目arabnews.com
4. 4ACWA Power为RAWEC获得4.7亿美元贷款arabnews.com
5. 5ACWA Power牵头的联合体启用Ibri 2太阳能项目arabnews.com
6. 6ACWA Power任命Clive Turton为首席投资官arabnews.com
7. 7ACWA Power完成收购Jazan IGCC项目首批资产arabnews.com
8. 8ACWA Power完成迪拜太阳能项目融资协议签署arabnews.com
9. 9ACWA Power与上海电气签署太阳能园区EPC协议technicalreviewmiddleeast.com
10. 10丝路基金成为ACWA Power RenewCo的合作伙伴及股东energyglobal.com
11. 11ACWA Power 进入阿塞拜疆市场arabnews.com
12. 12ACWA Power签署阿塞拜疆风电项目协议energyglobal.com