ACWA Power, established in 2004 and headquartered in Riyadh, Saudi Arabia, is a developer, investor, co-owner, and operator of a portfolio of power generation and water desalination plants. The company specializes in delivering electricity and desalinated water, focusing on renewable energy, conventional power, and green hydrogen projects. ACWA Power's portfolio includes power plants, desalinated water facilities, and green hydrogen plants, with an investment value of USD 85.7 billion, and a capacity of 55.1 GW of power and 8 million m³/day of desalinated water. Operating in 13 countries across the Middle East, Africa, and Central and Southeast Asia, ACWA Power is committed to driving the transition to a carbon-free, greener future, impacting millions of lives by supplying essential utility services.
The Bases Conversion and Development Authority and Acwa Power Philippines are partnering on a 500-hectare renewable energy facility to supply clean, reliable electricity to energy-intensive industrial tenants.
ACWA Power and Türkiye’s Ministry of Energy and Natural Resources agree on key terms to develop 5 GW of renewable capacity, beginning with 2 GW of solar projects in Sivas and Taşeli.
The reservation agreement, signed at Davos, initiates plans for a major solar and battery storage project to power sustainable industries in the Philippines.
ACWA Power and SEFE aim to build a hydrogen bridge between Saudia Arabia and Germany, starting with the supply of 200,000 tonnes of green hydrogen annually by 2030.
The companies will evaluate the development of an ammonia import terminal to facilitate the delivery of green hydrogen from Saudi Arabia to Italy, Austria, and Germany.