Company Insights Acwa Power Energy Acwa Power News Opinion Energy The year ahead for Mena energy The region’s chasms have rarely been so wide – they must be bridged in 2024 January 1, 2024 Energy Acwa Power begins work on $4bn green hydrogen project in Egypt Saudi-listed Acwa Power is slated to start work on the first phase of Egypt’s $4 billion green hydrogen project. The first phase of a green ammonia project will have a capacity of 600,000 tonnes per year powered by wind and solar plants, the renewables energy firm said. The project will be developed in collaboration with […] December 21, 2023 Renewable Energy Acwa Power backs $800m energy project in South Africa Acwa Power, Saudi Arabia’s operator of power generation and desalinated water production plants, has signed a purchase agreement for a 150 megawatt (MW) renewable energy project in South Africa. The $800 million Project Dao, one of the largest hybrid investments in the South African renewable energy sector, is currently under construction, Acwa Power said in a statement. […] December 19, 2023 Renewable Energy Dubai opens world’s largest concentrated solar power project UAE Vice President and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has inaugurated the world’s largest concentrated solar power (CSP) project as the Gulf state accelerates towards becoming net zero by 2050. The project is part of the AED15.78 billion ($4.30 billion) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in […] December 7, 2023 Renewable Energy Acwa Power to develop $1bn green hydrogen project in Indonesia Saudi-listed Acwa Power will develop a $1 billion green hydrogen facility – the largest in Indonesia – that will start commercial production in 2026. The project will be codeveloped with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer. The agreement was signed on the […] December 7, 2023 Renewable Energy Acwa Power plans a bold investment future in Africa Saudi Arabia-listed Acwa Power is targeting future investments in Africa as part of the clean energy company’s plan to triple in size by 2030. “Africa needs that energy transition. But there aren’t enough developers going there and asking questions,” said Raad Al-Saady, vice chairman and managing director of Acwa Power, during a panel discussion at […] December 6, 2023 EXCLUSIVE Sustainability Opec Fund piles up financing for wheat, wind and water The Opec Fund for International Development is on track to meet its pledges to increase grants and loans to climate-related projects, its Middle East and North Africa head has told AGBI. Musab Alomar, the fund’s director of public sector operations for Mena, said climate financing made up 33 percent of all Opec Fund approvals in […] November 30, 2023 Energy Wind power boost for Neom’s green hydrogen site The first set of wind turbines that will power the world’s largest green hydrogen plant in Saudi Arabia have been delivered. Neom Green Hydrogen Company (NGHC) received its first delivery of wind turbines at the Port of Neom in the northwest of the kingdom last month, it was announced this week. The turbines are being […] November 8, 2023 Renewable Energy Acwa Power profit up 16% on robust business momentum Saudi-listed Acwa Power reported a 16.46 percent increase in profits to SAR397.94 million ($106.08 million) in the third quarter of 2023, driven by positive momentum in the business development activities. Revenue rose 22.11 percent year on year to SAR1.54 billion in the quarter ended September 2023. The company achieved financial closure for three solar PV […] November 3, 2023 Renewable Energy Acwa Power seals $746m green energy deals Saudi renewable energy company Acwa Power has signed agreements worth $746 million to develop renewable and green hydrogen projects globally. The Riyadh-based company signed a $500 million heads of terms agreement with EIG, a US-based institutional investor in the global energy and infrastructure sectors, on the sidelines of the Future Investment Initiative (FII7) in Riyadh. The two companies […] October 27, 2023 Posts navigation Previous 1 … 7 8 9 … 14 Next
Opinion Energy The year ahead for Mena energy The region’s chasms have rarely been so wide – they must be bridged in 2024 January 1, 2024
Energy Acwa Power begins work on $4bn green hydrogen project in Egypt Saudi-listed Acwa Power is slated to start work on the first phase of Egypt’s $4 billion green hydrogen project. The first phase of a green ammonia project will have a capacity of 600,000 tonnes per year powered by wind and solar plants, the renewables energy firm said. The project will be developed in collaboration with […] December 21, 2023
Renewable Energy Acwa Power backs $800m energy project in South Africa Acwa Power, Saudi Arabia’s operator of power generation and desalinated water production plants, has signed a purchase agreement for a 150 megawatt (MW) renewable energy project in South Africa. The $800 million Project Dao, one of the largest hybrid investments in the South African renewable energy sector, is currently under construction, Acwa Power said in a statement. […] December 19, 2023
Renewable Energy Dubai opens world’s largest concentrated solar power project UAE Vice President and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has inaugurated the world’s largest concentrated solar power (CSP) project as the Gulf state accelerates towards becoming net zero by 2050. The project is part of the AED15.78 billion ($4.30 billion) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in […] December 7, 2023
Renewable Energy Acwa Power to develop $1bn green hydrogen project in Indonesia Saudi-listed Acwa Power will develop a $1 billion green hydrogen facility – the largest in Indonesia – that will start commercial production in 2026. The project will be codeveloped with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer. The agreement was signed on the […] December 7, 2023
Renewable Energy Acwa Power plans a bold investment future in Africa Saudi Arabia-listed Acwa Power is targeting future investments in Africa as part of the clean energy company’s plan to triple in size by 2030. “Africa needs that energy transition. But there aren’t enough developers going there and asking questions,” said Raad Al-Saady, vice chairman and managing director of Acwa Power, during a panel discussion at […] December 6, 2023
EXCLUSIVE Sustainability Opec Fund piles up financing for wheat, wind and water The Opec Fund for International Development is on track to meet its pledges to increase grants and loans to climate-related projects, its Middle East and North Africa head has told AGBI. Musab Alomar, the fund’s director of public sector operations for Mena, said climate financing made up 33 percent of all Opec Fund approvals in […] November 30, 2023
Energy Wind power boost for Neom’s green hydrogen site The first set of wind turbines that will power the world’s largest green hydrogen plant in Saudi Arabia have been delivered. Neom Green Hydrogen Company (NGHC) received its first delivery of wind turbines at the Port of Neom in the northwest of the kingdom last month, it was announced this week. The turbines are being […] November 8, 2023
Renewable Energy Acwa Power profit up 16% on robust business momentum Saudi-listed Acwa Power reported a 16.46 percent increase in profits to SAR397.94 million ($106.08 million) in the third quarter of 2023, driven by positive momentum in the business development activities. Revenue rose 22.11 percent year on year to SAR1.54 billion in the quarter ended September 2023. The company achieved financial closure for three solar PV […] November 3, 2023
Renewable Energy Acwa Power seals $746m green energy deals Saudi renewable energy company Acwa Power has signed agreements worth $746 million to develop renewable and green hydrogen projects globally. The Riyadh-based company signed a $500 million heads of terms agreement with EIG, a US-based institutional investor in the global energy and infrastructure sectors, on the sidelines of the Future Investment Initiative (FII7) in Riyadh. The two companies […] October 27, 2023
