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ACWA Power

🌎 acwapower.com

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.

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ACWA Power - Latest News and Updates

• 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.
• 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 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 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, 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.
• 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.

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