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 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.
ACWA Power showcases its advanced technologies and sustainable projects at the Global Water Energy and Climate Change Congress (GWECCC 2023) in Bahrain from September 5th to 7th, 2023.
A consortium of Power China, SEPCOIII, and WETICO has been awarded the engineering, procurement, and construction (EPC) contract for the Rabigh 4 Independent Water Plant (IWP) in Saudi Arabia.The total project cost of the SR 2.54 billion (US$677 million) reverse osmosis plant is being developed by a consortium of ACWA Power, Haji Abdullah Alireza & Co (HAACO), and Al Moayyed Contracting Group (AMCG).
ACWA Power has signed a MoU with Huawei Digital Power to establish a joint-innovation program to drive local industries and accelerate Saudi Arabia's decarbonization targets.