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16/02/2026 02:56 AST
Saudi-based Acwa Power, the world's largest private water desalination company, leader in energy transition, and first mover into green hydrogen, has announced the launch of full commercial operations at its 501MWh battery energy storage system (BESS) linked to its Riverside Solar project in Uzbekistan.
Acwa owns 100% of the project company behind the Riverside Solar complex located in the Tashkent region, which includes a 200MW photovoltaic plant (Plant 1) and the battery storage installation, said the company in its Saudi bourse filing.
The key battery facility, Plant 2, has been implemented in co-ordination with JSC National Electric Grid of Uzbekistan.
The start-up marks a milestone in Uzbekistan's efforts to integrate renewable energy capacity with grid-scale storage as the country expands its power infrastructure, it added.
Trade Arabia
19/03/2026
Global utility major Acwa Power has announced that it has successfully completed the acquisition of the entire 32% stake of Water and Electricity Holding Company (Badeel) in the Shuaibah Water and El
Trade Arabia
05/03/2026
Saudi utility giant Acwa reported gross profit of SR3.76 billion ($1 billion) in 2025, up 13.03 percent from a year earlier, while net profit attributable to shareholders rose 5.42 percent to SR1.85
Arab News
04/03/2026
Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from leading utility developers - Saudi group Acwa (formerly Acwa Power) and Spanish major GS Inima Environment
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 2.39 | -0.04 (-1.65 |
| DEWA | 2.70 | 0.01 (0.37 |
| SAUDIENERGY | 17.25 | 0.15 (0.87 |
| EMPOWER | 1.57 | 0.07 (4.66 |
| MARAFIQ | 31.94 | 0.06 (0.18 |
05/04/2026
Shareholders of Doha Bank have approved the board of directors' recommendation to distribute cash dividends of QR0.15 per share, equivalent to 15% of the nominal value, Doha Bank chairman Sheikh Faha
Gulf Times
05/04/2026
Saudi-based Al Ramz Real Estate Company has announced the signing of an agreement for the establishment of a shariah-compliant real estate investment fund, to be managed by Oud Capital (the Fund Mana
Trade Arabia
05/04/2026
Kuwait's leading low-cost carrier Jazeera Airways has announced the launch of flights to three new destinations in the Indian sub-continent - Peshawar and Sialkot in Pakistan, and the South Indian ci
Trade Arabia
03/04/2026
National Bank of Kuwait - Egypt has secured a $50 million financing package from the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), to expand access to
Kuwait Times
03/04/2026
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail I
Trade Arabia