ACWA Power | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

ACWA Power is a leading developer, investor, co-owner, and operator of power generation and desalinated water production plants....


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ACWA Power is a leading developer, investor, co-owner, and operator of power generation and desalinated water production plants. The company operates a diverse portfolio of 90 assets across 13 countries, focusing on renewable energy and sustainability. ACWA Power is committed to delivering essential power and water services while driving the transition to a carbon-free future.

Website
Size
1001-5000 employees
Industry
Utilities
Specialities
Power, Water, Renewable Energy, Desalination, green energy, energy, Sustainability, Green Hydrogen , Wind Energy, Battery Energy Storage Systems, Solar Energy

🛍️ ACWA Power Product and Pricing News →

👔 ACWA Power CEO, Management and Leadership Team →

⚔️ ACWA Power Alternatives and Competitors →

💼 ACWA Power Hiring and Layoffs →

🤖 ACWA Power Developer, Integration and Automation News →

📈 ACWA Power Financials, Fundraising and Valuation News →

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🛍️ ACWA Power Product and Pricing News

  • Dr. Raad Al-Saady, Vice Chairman and Managing Director of ACWA Power, announced that their entire $7 billion portfolio in Africa is now focused on green energy.
  • ACWA Power has launched a 200-MW solar plant in Uzbekistan's Tashkent region, featuring a 334-MW/550-MWh battery storage system and a 25-year power purchase agreement with JSC National Electrical Grid of Uzbekistan.
  • ACWA Power is expanding its renewable energy projects in Africa by implementing large-scale solar, wind, and hydroelectric power plants, and partnering with IFC and the African Development Bank for financing and expertise.
  • Thomas Brostrom, ACWA Power's Chief Investment and Development Officer, discussed investment strategies for a Net-Zero future at a panel during COP29 on November 15.
  • ACWA Power will host a session on 'Driving Sustainable Water and Energy Transitions' at COP29, moderated by Chief Corporate Affairs & Sustainability Officer Dr. Rusha Al-Rawaf, with CEO Marco Arcelli participating.

  • ACWA Power will participate in COP29 Azerbaijan to discuss net-zero ambitions, sustainable energy, water innovation, and human capital development.
  • ACWA Power will participate in a climate action and sustainability event at Baku Stadium from November 11-22.

👔 ACWA Power CEO, Management and Leadership Team


⚔️ ACWA Power Alternatives and Competitors

  • Voltalia
  • |
  • Masdar
  • |
  • Altaaqa
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  • B.Grimm Power
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  • Saudi Electricity
  • |
  • FAS Energy
  • |
  • SUEZ
  • |
  • Veolia
  • |
  • Metito
  • |
  • Aquatech International
  • |
  • ENGIE
  • |
  • Dubai Supply Authority

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💼 ACWA Power Hiring and Layoffs

  • Emmanuel Thouet has joined ACWA Power as Vice President Construction - MEASEA in Dubai, United Arab Emirates, previously serving as Member of the Board of Directors at the American Chamber of Commerce in South Africa.
  • Olga Park has joined ACWA Power as Head of People & Culture.
  • Yasir Mahmoud is the Executive VP of Business Development at ACWA Power, based in Riyadh.


🤖 ACWA Power Developer, Integration and Automation News

  • ACWA Power is involved in a joint venture with NEOM Green Hydrogen Company to launch the world's largest green hydrogen plant in NEOM Oxagon by the end of 2026.
  • Uzbekistan and ACWA Power signed a $1.1 billion agreement at COP-29 to build electricity storage systems, creating over 1,000 jobs.
  • ACWA Power signed a Memorandum of Understanding with SOCAR and Masdar to produce 3.5 gigawatts of wind power in the Azerbaijani sector of the Caspian Sea.
  • ACWA Power partners with Ipoteka Bank to develop a $1.02 billion, 1,500 MW Combined Cycle Gas Turbine plant in Uzbekistan's Sirdarya region.
  • ACWA Power, as part of a consortium with Saudi Electricity Company and Korea Electric Power Corporation, secured contracts for the 1.8GW Rumah I and 1.8GW Nairyah I power plants in Saudi Arabia.

  • On November 11, 2024, ACWA Power and Gotion Morocco launched an $800 million plant to power the region's first gigafactory, creating around 17,000 jobs.

📈 ACWA Power Financials, Fundraising and Valuation News


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