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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.
  • ACWA Power will be a Bronze Sponsor at the 18th Annual GPCA Forum from December 2-5, 2024, in Muscat.
  • ACWA Power received recognition from the World Economic Forum for its sustainability practices in the MENA region.

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  • ACWA Power received recognition at the ET HCA Awards MENA 2024 for innovation and workplace commitment.
  • 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 CEO, Management and Leadership Team

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⚔️ ACWA Power Alternatives and Competitors

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

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💼 ACWA Power Hiring and Layoffs

  • Nalini Ghela has joined ACWA Power as CEO/EMO Redstone CSP Power Plant in South Africa, previously holding a position at another company.
  • Hugh Raeburn has joined ACWA Power as Indonesia Project Director in Indonesia, previously serving as Executive Managing Director - AHK 1.1 GW Solar Project / Sana Taibah JV at Masdar (Abu Dhabi Future Energy Company).
  • Mubashar Majeed has joined ACWA Power as VP-Head Construction CA Region CCGT, Solar, G Hydrogen & BESS Projects in Uzbekistan, previously holding a similar position at another company.
  • 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.

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  • Yasir Mahmoud is the Executive VP of Business Development at ACWA Power, based in Riyadh.
  • Rawad Fatani, GDP Engineer at ACWA Power, announced his departure from Al Shuiabah Holding Company after working on a 2.66 GW Solar PV Project.
  • Gerhard Swart GradIOSHSA MiiRSM GradSaiosh has left ACWA Power as Snr HSSE Manager in Dubai, United Arab Emirates to join Microsoft as EH&S Construction Manager | MEA.

🤖 ACWA Power Developer, Integration and Automation News

  • ACWA Power announced the signing of a power agreement on November 18, 2024, in collaboration with Saudi Electricity Company and Korea.
  • ACWA Power signed an MoU with Chapter Zero Kazakhstan at COP29 in Baku to collaborate on climate governance and educational programs, with Thomas Brostrøm, ACWA Power’s Chief Investment and Development Officer, representing the company.
  • ACWA Power signed an agreement with Japan's Itochu Corporation to explore collaboration in water, environment, and renewable energy sectors at COP29 in Azerbaijan.
  • ACWA Power signed a power purchase agreement with Saudi Electricity Company and Korea Electric Power for the Rimah 1 and Nairiyah 1 projects, totaling 15 billion riyals.
  • ACWA Power signed a Power Purchase Agreement with the Saudi Power Procurement Company for the $4 billion Rumah-1 and Al-Nairyah-1 power plants, each with a 1,800 MW capacity, holding a 35% stake in both projects.

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  • 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 Financials, Fundraising and Valuation News

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