Company Insights Acwa Power Energy Acwa Power News Renewable Energy Acwa Power signs deal on Indonesian solar project Saudi Arabia’s Acwa Power has signed a power purchase agreement (PPA) with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) for the 60 megawatt (MW) Saguling floating solar PV project. The Saudi-listed renewable major has a 49 percent stake in the project, with the rest being held by Indonesia Power, a subsidiary of PT […] August 15, 2024 Renewable Energy Acwa Power profit surges on divestment gains Saudi Arabian renewable energy company Acwa Power reported a net profit of SAR927 million ($247 million) in the first half of 2024, up 35 percent from SAR684 million a year ago. Revenue increased by 3 percent year on year to SAR2.8 billion, driven by a gain from divestment and higher finance and other income. The […] August 6, 2024 Renewable Energy Tunisia signs green hydrogen deals to step up production Tunisia has signed six agreements with international companies to develop green hydrogen production as it seeks to expand its clean fuel production capacity. The North African country aims to produce 8.3 million tonnes of green hydrogen and its derivatives by 2050 under its green hydrogen strategy, which was released in October 2023. Much of the […] July 31, 2024 Energy Acwa Power gets Chinese partner for Uzbek green projects The Saudi renewable energy company Acwa Power has divested a 35 percent stake in two subsidiaries to a state-backed power grid contractor in China for SAR596 million ($159 million). Acwa Power signed sale and purchase agreements for the stake in Acwa Power Bash Wind Project Holding and Acwa Power Uzbekistan Wind Project Holding to China […] July 18, 2024 Renewable Energy PIF ties up with China to meet renewable energy targets Saudi Arabia’s Public Investment Fund (PIF) is swiftly moving towards localising renewable energy components to achieve its 2030 targets. The Renewable Energy Localization Company (RELC), a unit of the sovereign fund, has signed three joint venture agreements with Chinese companies to support the kingdom’s clean energy needs. RELC works to build partnerships between global manufacturers […] July 17, 2024 Renewable Energy Masdar and Acwa Power vie for Oman solar project The UAE’s Masdar and Saudi Arabia’s Acwa Power have been shortlisted to develop Oman’s 500-megawatt (MW) Ibri III solar project. The plant, launched by Nama Power and Water Procurement Company, will be built at a cost of OR155 million ($401 million). NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the […] July 1, 2024 Renewable Energy Saudi adds 5,500MW to meet its renewable energy target Saudi Arabia has launched three new mega solar PV projects with a total capacity of 5,500 megawatts (MW). State-owned Saudi Power Procurement Company (SPPC) has signed power purchase agreements for three projects with Acwa Power Company, Water & Electricity Holding Co. (Badeel), a wholly owned unit of Public Investment Fund, and Saudi Aramco Power Company. […] June 27, 2024 Renewable Energy Acwa Power to raise $2bn in rights issue Saudi Arabia’s green energy developer, Acwa Power, plans to raise SAR7 billion ($1.9 billion) in new capital through a rights issue to help treble its assets under management by 2030. The company, which is owned by the government’s Public Investment Fund, said the new shares issued to current shareholders would allow Acwa to “anchor its […] June 11, 2024 Opinion Energy Booming Baku gears up for critical Cop29 Azerbaijan faces all the challenges the UAE overcame at Cop28 – and some more June 7, 2024 Renewable Energy Acwa Power builds Uzbekistan portfolio with $5bn deal Saudi energy major Acwa Power has signed a power purchase agreement worth nearly $5 billion with the state-owned National Electric Grid of Uzbekistan for the five gigawatt (GW) Aral wind independent power producer (IPP) project. The wind IPP will be the largest wind farm in Central Asia and is the Saudi-listed renewable company’s 15th project in Uzbekistan, a […] May 6, 2024 Posts navigation Previous 1 … 5 6 7 … 14 Next
Renewable Energy Acwa Power signs deal on Indonesian solar project Saudi Arabia’s Acwa Power has signed a power purchase agreement (PPA) with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) for the 60 megawatt (MW) Saguling floating solar PV project. The Saudi-listed renewable major has a 49 percent stake in the project, with the rest being held by Indonesia Power, a subsidiary of PT […] August 15, 2024
Renewable Energy Acwa Power profit surges on divestment gains Saudi Arabian renewable energy company Acwa Power reported a net profit of SAR927 million ($247 million) in the first half of 2024, up 35 percent from SAR684 million a year ago. Revenue increased by 3 percent year on year to SAR2.8 billion, driven by a gain from divestment and higher finance and other income. The […] August 6, 2024
Renewable Energy Tunisia signs green hydrogen deals to step up production Tunisia has signed six agreements with international companies to develop green hydrogen production as it seeks to expand its clean fuel production capacity. The North African country aims to produce 8.3 million tonnes of green hydrogen and its derivatives by 2050 under its green hydrogen strategy, which was released in October 2023. Much of the […] July 31, 2024
Energy Acwa Power gets Chinese partner for Uzbek green projects The Saudi renewable energy company Acwa Power has divested a 35 percent stake in two subsidiaries to a state-backed power grid contractor in China for SAR596 million ($159 million). Acwa Power signed sale and purchase agreements for the stake in Acwa Power Bash Wind Project Holding and Acwa Power Uzbekistan Wind Project Holding to China […] July 18, 2024
Renewable Energy PIF ties up with China to meet renewable energy targets Saudi Arabia’s Public Investment Fund (PIF) is swiftly moving towards localising renewable energy components to achieve its 2030 targets. The Renewable Energy Localization Company (RELC), a unit of the sovereign fund, has signed three joint venture agreements with Chinese companies to support the kingdom’s clean energy needs. RELC works to build partnerships between global manufacturers […] July 17, 2024
Renewable Energy Masdar and Acwa Power vie for Oman solar project The UAE’s Masdar and Saudi Arabia’s Acwa Power have been shortlisted to develop Oman’s 500-megawatt (MW) Ibri III solar project. The plant, launched by Nama Power and Water Procurement Company, will be built at a cost of OR155 million ($401 million). NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the […] July 1, 2024
Renewable Energy Saudi adds 5,500MW to meet its renewable energy target Saudi Arabia has launched three new mega solar PV projects with a total capacity of 5,500 megawatts (MW). State-owned Saudi Power Procurement Company (SPPC) has signed power purchase agreements for three projects with Acwa Power Company, Water & Electricity Holding Co. (Badeel), a wholly owned unit of Public Investment Fund, and Saudi Aramco Power Company. […] June 27, 2024
Renewable Energy Acwa Power to raise $2bn in rights issue Saudi Arabia’s green energy developer, Acwa Power, plans to raise SAR7 billion ($1.9 billion) in new capital through a rights issue to help treble its assets under management by 2030. The company, which is owned by the government’s Public Investment Fund, said the new shares issued to current shareholders would allow Acwa to “anchor its […] June 11, 2024
Opinion Energy Booming Baku gears up for critical Cop29 Azerbaijan faces all the challenges the UAE overcame at Cop28 – and some more June 7, 2024
Renewable Energy Acwa Power builds Uzbekistan portfolio with $5bn deal Saudi energy major Acwa Power has signed a power purchase agreement worth nearly $5 billion with the state-owned National Electric Grid of Uzbekistan for the five gigawatt (GW) Aral wind independent power producer (IPP) project. The wind IPP will be the largest wind farm in Central Asia and is the Saudi-listed renewable company’s 15th project in Uzbekistan, a […] May 6, 2024
