ACWA Power’s preliminary analysis of a leak in the hot molten salts tank at its 150 MW solar plant in Morocco indicates a forced outage until November this year.

Acwa has plans to develop two more projects adjacent to a $8.5 billion green hydrogen plant at Neom, a $500 billion new city on Saudi Arabia’s north-west coast, chief executive officer Paddy ...

Following a $100 million equity investment by the International Finance Corp., Saudi Arabia's ACWA Power is now looking to expand into countries like Egypt, Morocco, Mozambique, South Africa ...

ACWA Power will acquire ENGIE's shares in four key operating assets. The Bahrain assets are an 18% stake in the Az Zour North in Kuwait, 45% stakes in both the Al Ezzel and Al Dur projects, and a ...

ACWA Power has broken ground for the 200MW Beruniy wind power plant and a 100MW battery energy storage system (BESS) project in the Republic of Karakalpakstan. The project, with an investment ...

ACWA Power’s operations span 81 assets in 12 countries in the Middle East, Africa, and Asia. Along with a privately owned power production portfolio of 55.1 GW of thermal and renewable power ...

ACWA Power signed an MoU with the Malaysian Investment Development Authority (MIDA) to explore the development of up to 12.5GW of power generation capacity by 2040, involving an initial investment ...

ACWA Power, in consortium with Gulf Investment Company (GIC) and Al Bawani Water and Power Company, was awarded the project earlier this year at a tariff of $0.41 per cubic metre.

ACWA Power has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2GW wind project in Egypt. The project, valued $2.3bn, will be the ...

ACWA Power’s impact extends beyond environmental sustainability. In 2023, the company generated an estimated total of 30,000 jobs in Saudi Arabia (direct and indirect, permanent and temporary).

ACWA Power, which is partly owned by Saudi Arabia's PIF sovereign wealth fund, will look at issuing green bonds starting next year to finance some of its renewable energy projects, its chief ...

Saudi utility Acwa Power Co. signed non-binding agreements with Malaysian firms, including to explore development of about 13 gigawatts of power generation capacity, totaling $10 billion in ...