ACWA Power

ACWA Power
Company typePrivate company
IndustryElectricity
Founded2004
Headquarters,
Saudi Arabia
Key people
ProductsElectric power
water
Number of employees
4,000
Websiteacwapower.com

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants with a presence in 13 countries across the Middle East, Africa, and central and southeast Asia. ACWA Power's portfolio of projects in operation and development has an investment value of USD 85.7 billion, and a capacity of 55.1 GW of power and 8 million m3/day of desalinated water.[1]

Its energy portfolio includes thermal power plants,[2] solar power plants (photovoltaic (PV) and concentrated solar power (CSP)),[3] wind,[4] water desalination plants,[5] and green hydrogen projects.[6][7]

  1. ^ Benny, John (2023-11-30). "Saudi Arabia's Acwa Power seeks development partners to invest in Africa projects". The National. Retrieved 2023-12-11.
  2. ^ "Saudi ACWA Power's assets expected to reach $230bn by 2030: CEO". Arab News. November 3, 2022.
  3. ^ "Saudi Arabia's ACWA Power shifts toward renewable energy". Reuters. October 22, 2014.
  4. ^ "ACWA Power installs first wind turbine in Uzbekistan". Arab News. August 9, 2023.
  5. ^ "Saudi Arabia's Acwa Power to develop $677.3 million desalination project on Red Sea coast". The National. April 14, 2023.
  6. ^ "Saudi Arabia's Acwa Power Eyes Three More Giant Hydrogen Plants". Bloomberg. March 2, 2023.
  7. ^ Cite error: The named reference CompanyOverviewQuote was invoked but never defined (see the help page).