Company Insights Acwa Power Energy Acwa Power Overview Acwa Power – or the International Company for Water and Power Projects – was formed in 2004 and describes itself as a developer, investor and operator of power generation and water desalination plants. It has more than 90 assets in operation, development or under construction across 13 countries. The company claims to be at the forefront of the energy transition, and is involved in large-scale renewable energy projects including Sheikh Mohammed bin Rashid al-Maktoum Solar Park in Dubai and Neom’s green hydrogen project. Acwa Power’s headquarters are in Riyadh and it has offices in Jeddah, Dubai, Baku, Beijing and Cairo, among others. From 2004 to 2011 Acwa Power focused primarily on Saudi Arabia, and was awarded contracts for several thermal power projects. In 2011 the company then began international expansion, acquiring Central Electricity Generating Company in Jordan and signing a joint development agreement for the Kirikkale Combined Cycle Gas Turbine project in Turkey. Acwa Power is a publicly listed company on the Saudi Stock Exchange (Tadawul). Saudi Arabia’s Public Investment Fund acquired a 15 percent stake in Acwa Power in 2018, and has since increased that to more than 40 percent. Subsidiaries include Kahromaa Company, Acwa Power Bahrain Holdings, Acwa Power Management and Investments One and Acwa Power Global Services. Acwa Power News Renewable Energy Acwa Power bolsters renewables presence in China Saudi Arabian energy company Acwa Power has opened a renewable-energy innovation centre in Pudong New Area in Shanghai. The move is part of the company’s aim to expand its renewables presence in China, according to a statement. The new facility will focus on five areas: photovoltaics, wind, energy storage, green hydrogen and seawater desalination, Acwa […] March 10, 2025 Renewable Energy TotalEnergies starts building Iraq’s largest solar plant France’s TotalEnergies has started constructing Iraq’s largest solar power plant as part of a $27 billion energy deal it signed in 2023. The plant, based in the southern oil hub of Basra, has a production capacity of 1,000 megawatt (MW) and includes installing two million solar panels, the official news agency said, citing an Electricity […] March 7, 2025 Renewable Energy Gulf companies win slice of $32bn Morocco hydrogen projects The Moroccan government has selected companies from the UAE and Saudi Arabia to help develop hydrogen projects worth MAD319 billion ($32 billion) in the country’s southern province, the prime minister’s office has announced. A government committee finalised five local and global investors to build six projects, said a statement from the office of Aziz Akhannouch, […] March 7, 2025 Opinion Artificial Intelligence AI, geopolitics and the Mena opportunity DeepSeek’s emergence has spotlighted the GCC’s role in hosting green AI infrastructure February 27, 2025 Renewable Energy Acwa Power planning 15GW wind and solar projects Acwa Power expects to announce new solar and wind power projects before the end of April as part of its contract to provide 70 percent of Saudi Arabia’s renewable energy needs. The projects will have a combined generating capacity of 15 gigawatts (GW), Acwa’s chief investment and development officer Thomas Brostrom told AGBI. That is […] February 24, 2025 Renewable Energy Acwa Power to build 2GW wind power project in Egypt Saudi renewables major Acwa Power will build, own and operate a 2-gigawatt (GW) wind power generation plant in South Hurghada, Egypt, typically enough to power nearly 2 million homes. The company, which is listed on the Saudi stock exchange, signed a 25-year power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company for the SAR8.6 […] February 19, 2025 Opinion Energy Iraq must act fast to avoid a domestic energy crisis Things are never simple in the land of the two rivers but Baghdad needs solutions now February 18, 2025 Oil & Gas Iraq-Turkmenistan gas deal unlikely to happen A gas supply agreement signed by Iraq and Turkmenistan in 2023 may never begin because of challenges with transiting the gas through neighbouring Iran, Iraqi analysts say. The deal was for nearly 20 million cubic metres of natural gas per day to supply Iraq’s power facilities, but Iraq and Turkmenistan do not share a border. […] February 13, 2025 Renewable Energy Acwa Power signs green hydrogen supply deal with Germany Acwa Power, the Saudi power supplier, has signed an agreement with German energy trading company Securing Energy for Europe (Sefe) to supply 200,000 tonnes of green hydrogen a year by 2030. Under the memorandum of understanding signed on Monday, Acwa Power will act as the lead developer, investor and operator of green hydrogen and green […] February 3, 2025 Renewable Energy Tunisia turns to waste to tackle power supply gap Tunisia needs to encourage investment in waste-to-energy projects in order to tackle a massive power supply gap of nearly 60 percent, an energy official was reported on Wednesday as saying. Incentives for such projects include the purchase of their production by the state-owned Tunisian Electricity and Gas Company, said Wael Chouchane, secretary of state for […] January 29, 2025 Posts navigation 1 2 … 13 Next
Renewable Energy Acwa Power bolsters renewables presence in China Saudi Arabian energy company Acwa Power has opened a renewable-energy innovation centre in Pudong New Area in Shanghai. The move is part of the company’s aim to expand its renewables presence in China, according to a statement. The new facility will focus on five areas: photovoltaics, wind, energy storage, green hydrogen and seawater desalination, Acwa […] March 10, 2025
Renewable Energy TotalEnergies starts building Iraq’s largest solar plant France’s TotalEnergies has started constructing Iraq’s largest solar power plant as part of a $27 billion energy deal it signed in 2023. The plant, based in the southern oil hub of Basra, has a production capacity of 1,000 megawatt (MW) and includes installing two million solar panels, the official news agency said, citing an Electricity […] March 7, 2025
Renewable Energy Gulf companies win slice of $32bn Morocco hydrogen projects The Moroccan government has selected companies from the UAE and Saudi Arabia to help develop hydrogen projects worth MAD319 billion ($32 billion) in the country’s southern province, the prime minister’s office has announced. A government committee finalised five local and global investors to build six projects, said a statement from the office of Aziz Akhannouch, […] March 7, 2025
Opinion Artificial Intelligence AI, geopolitics and the Mena opportunity DeepSeek’s emergence has spotlighted the GCC’s role in hosting green AI infrastructure February 27, 2025
Renewable Energy Acwa Power planning 15GW wind and solar projects Acwa Power expects to announce new solar and wind power projects before the end of April as part of its contract to provide 70 percent of Saudi Arabia’s renewable energy needs. The projects will have a combined generating capacity of 15 gigawatts (GW), Acwa’s chief investment and development officer Thomas Brostrom told AGBI. That is […] February 24, 2025
Renewable Energy Acwa Power to build 2GW wind power project in Egypt Saudi renewables major Acwa Power will build, own and operate a 2-gigawatt (GW) wind power generation plant in South Hurghada, Egypt, typically enough to power nearly 2 million homes. The company, which is listed on the Saudi stock exchange, signed a 25-year power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company for the SAR8.6 […] February 19, 2025
Opinion Energy Iraq must act fast to avoid a domestic energy crisis Things are never simple in the land of the two rivers but Baghdad needs solutions now February 18, 2025
Oil & Gas Iraq-Turkmenistan gas deal unlikely to happen A gas supply agreement signed by Iraq and Turkmenistan in 2023 may never begin because of challenges with transiting the gas through neighbouring Iran, Iraqi analysts say. The deal was for nearly 20 million cubic metres of natural gas per day to supply Iraq’s power facilities, but Iraq and Turkmenistan do not share a border. […] February 13, 2025
Renewable Energy Acwa Power signs green hydrogen supply deal with Germany Acwa Power, the Saudi power supplier, has signed an agreement with German energy trading company Securing Energy for Europe (Sefe) to supply 200,000 tonnes of green hydrogen a year by 2030. Under the memorandum of understanding signed on Monday, Acwa Power will act as the lead developer, investor and operator of green hydrogen and green […] February 3, 2025
Renewable Energy Tunisia turns to waste to tackle power supply gap Tunisia needs to encourage investment in waste-to-energy projects in order to tackle a massive power supply gap of nearly 60 percent, an energy official was reported on Wednesday as saying. Incentives for such projects include the purchase of their production by the state-owned Tunisian Electricity and Gas Company, said Wael Chouchane, secretary of state for […] January 29, 2025
