Activities
ACWA Power is a prominent player in the energy and water industry. It's mainly engaged as a developer, investor, and operator of power generation and desalinated water plants. The company has 84 assets across 13 countries in operation, construction, or advanced development. With an investment value of USD 87.9 billion, ACWA Power's portfolio can generate 57.071 GW of power and produce 8.044 million m³/day of desalinated water. Approximately 60% of its workforce is employed locally. In 2024, ACWA Power acquired a 30% stake in RAWEC IWSPP through Hassana Investment Company. Furthermore, the company signed an MoU with the Tunisian government for a major green hydrogen project. ACWA Power partnered with SOCAR to drive renewable energy development in Azerbaijan and received the first Renminbi (RMB) loan from Bank of China for a solar project in Uzbekistan. Saudi Arabia and Kazakhstan collaborated on renewable energy and combating global warming. ACWA Power had a record year with strong results for 2023. Its Sukuk issue won the Local Currency Bond Deal of the Year award. ACWA Power operates in the Middle East, Africa, and Asia, with 68 projects in operation, construction, or advanced development. The company plays a crucial role in power generation, renewable energy, and desalinated water production. ACWA Power's commitment to sustainable energy and water solutions positions it as a significant contributor to global development.
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