In Short : The Asian Development Bank (ADB) and ACWA Power have joined hands to build Central Asia’s first wind power plant with battery energy storage. This pioneering project aims to boost renewable energy adoption, improve grid stability, and reduce fossil fuel dependence. It represents a significant milestone in advancing clean energy transition and strengthening […]
Saudi’s Acwa Power, Uzbekistan sign agreement for 800 mw renewable project – EQ
In Short : Saudi Arabia’s Acwa Power and Uzbekistan have signed an agreement for an 800 MW renewable energy project, marking a significant collaboration in the advancement of clean energy. This partnership demonstrates a commitment to sustainable development and the expansion of renewable power capacity in Uzbekistan. In Detail : Saudi Arabia’s Acwa power company […]
ACWA POWER SIGNS AGREEMENT TO DEVELOP GREEN HYDROGEN PROJECT IN EGYPT WORTH MORE THAN $4 BILLION
New Capital – Cairo – Egypt : Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen […]
ACWA POWER BREAKS GROUND ON GREEN HYDROGEN PROJECT IN UZBEKISTAN – EQ
Phase 1 of project inaugurated by President Mirziyoyev of Uzbekistan and HE Khalid Al Falih, Saudi Minister of Investment Company signed hydrogen and power purchase agreements for the 3,000 tonne phase 1 of the project back in May 2023 Bukhara, Republic of Uzbekistan : Saudi-listed ACWA Power, the world’s largest private water desalination company, leader […]
ACWA Power, Masdar and SOCAR team up for 500MW renewable energy projects in Azerbaijan – EQ
Two of the largest independent power producers in the region and an integrated national oil and gas company of Republic of Azerbaijan will jointly develop renewable energy projects in Nakhchivan to expedite decarbonisation goals. Riyadh, Saudi Arabia : Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover […]
ACWA POWER SIGNS COOPERATION AGREEMENTS WITH CHINESE PARTNERS ON THE 10TH ANNIVERSARY OF BELT AND ROAD INITIATIVE
Furthering collaboration between Saudi Arabia and China in the fields of clean energy and water desalination, ACWA Power signed cooperation agreements at the third Belt and Road Forum in Beijing Beijing, China : Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed […]
ACWA POWER ACHIEVES FINANCIAL CLOSURE FOR TEN PROJECTS WORTH OVER US$14 BILLION IN 12 MONTHS, LARGEST IN THE COMPANY’S HISTORY – EQ
Riyadh, Saudi Arabia : Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has marked a monumental 12-month period, after achieving financial close for projects with a combined value of over US$14 billion, the largest in the company’s history. The past 12 months have […]
ACWA Power highlights the need for collaborative efforts to tackle climate change – EQ
Participating at the Asian Infrastructure Investment Bank’s Annual Meeting 2023, ACWA Power discussed how public and private sector players can achieve long-term energy and water goals through collaborative action Sharm El-Shaikh, Egypt : Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has reiterated […]
ACWA Power granted land for 10 GW wind project in Egypt – EQ Mag
ACWA Power and the New and Renewable Energy Authority (NREA) have signed a Memorandum of Understanding (MoU) to allocate land outside Sohag, Egypt for a 10 GW wind project Agreement is the next step the project’s development following an MoU between ACWA Power, the Egyptian Electricity Transmission Company (EETC), and NREA in November 2022 Wind […]
ACWA Power secures USD$100 million revolving credit facility from China Construction Bank (DIFC Branch) – EQ Mag
The three-year revolver agreement will support ACWA Power’s plans to scale up power and desalination water generation portfolio in the Middle East and Belt & Road countries Dubai, United Arab Emirates : ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, has recently signed a […]