Recent events
Recent events tied to this brand in public sources.
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2022
PIF announces initial partners for MENA voluntary carbon market
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
ENOWA joins green hydrogen plant joint venture
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
ACWA Power secures $470 million loan for RAWEC
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
ACWA Power-led consortium inaugurates Ibri 2 solar project
A consortium led by ACWA Power inaugurated Ibri 2, a 500 MW solar independent power project connected to Oman's national grid.
2021
ACWA Power appoints Clive Turton as CIO
ACWA Power brought Clive Turton on board as Chief Investment Officer.
2021
ACWA Power announces planned Deputy CFO appointment
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
ACWA Power announces portfolio management succession
ACWA Power said CFO Kashif Rana will take over the portfolio management role while remaining CFO.
2021
ACWA Power completes acquisition of first Jazan IGCC project assets
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
ACWA Power completes financing agreements for Dubai solar project
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.
2020
ACWA Power and Shanghai Electric sign solar-park EPC agreement
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.
2020
Silk Road Fund becomes partner and shareholder in ACWA Power RenewCo
Silk Road Fund became a partner and shareholder in ACWA Power Renewable Energy Holding Ltd., ACWA Power's renewable energy platform.
2020
ACWA Power enters Azerbaijan market
ACWA Power signed an implementation agreement with Azerbaijan's Ministry of Energy to develop, build and operate a 240 MW wind power project, marking its entry into the Azerbaijani market.
2020
ACWA Power signs agreement for Azerbaijan wind project
ACWA Power signed an implementation agreement with Azerbaijan’s Ministry of Energy to develop, build and operate a 240 MW wind power project.