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Tag: Acwa Power

Construction & Real Estate

Acwa Power signs $478m water purchase deal for Dubai desal project

Saudi utility major Acwa Power has sealed a SAR1.79 billion ($478 million) water purchase agreement with the Dubai Electricity and Water Authority for the Hassyan project with a capacity of 272,000 cu m of water per day. The scope of work includes development, funding, construction and operation of the SWRO plant....

Construction & Real Estate

Acwa marks initial operations at 2.5GW Saudi power projects

Global utility major Acwa Power has announced that it has secured initial commercial operation certificates from Sidra First Electricity Company in Madinah and Qudra First Electricity Company for key units of its power projects - Taiba 1 and Qassim 1 - in Saudi Arabia that have an initial combined generating capacity of 2,555 MW. ...

Construction & Real Estate

Acwa completes work on $8.5bn green hydrogen project at NEOM

A consortium of Saudi utility giant Acwa Power and US group Air Products has completed construction work on the $8.5-billion green hydrogen project at Oxagon within Saudi Arabia’s mega futuristic city NEOM, and commercial operations are set to begin next year, said a report. ...

Construction & Real Estate

Acwa announces temporary output limits at two Saudi solar plants

Global utility major Acwa Power has announced that two of its solar independent power producer (IPP) plants in Saudi Arabia have been subject to temporary dispatch limitations following instructions from the grid operator, citing concerns over reactive power fluctuations affecting grid stability. ...

Construction & Real Estate

Acwa Power launches commercial operations at 501MWh Uzbek BESS project

Saudi-based Acwa Power, the world's largest private water desalination company and a leader in energy transition, has announced the launch of full commercial operations at its 501MWh battery energy storage system (BESS) linked to its Riverside Solar project at Tashkent in Uzbekistan. ...

Construction & Real Estate

Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal

Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis. ...

Construction & Real Estate

L&T signs up Nextpower JV for 2.5GW Saudi solar project

Indian construction conglomerate Larsen & Toubro (L&T) has signed up Nextpower Arabia, the newly formed joint venture between Nextpower (formerly Nextracker) and Abunayyan Holding, to provide 2.25 gigawatts (GWp) of advanced solar tracking systems for the Bisha Solar project being developed by an Acwa-led consortium....

Construction & Real Estate

Acwa Power buys entire Engie stake in Kuwait's Az Zour utility project

Saudi utilities major Acwa Power has announced the completion of acquisition of French energy giant Engie’s stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait. The gas-fired IWPP has a 1.5GW power generation capacity and a 107 MIGD desalination capacity. ...

Construction & Real Estate

Trinasolar boosts KSA presence through collaboration with ACWA Power

Trinasolar, a global leader in smart PV and energy storage solutions, is accelerating its presence in Saudi Arabia through strategic collaborations with ACWA Power, the world’s largest private water desalination company, a leader in energy transition, and first mover into green hydrogen. ...

Construction & Real Estate

SWPC announces $684m financial close for Ras Mohaisen water project

Saudi Water Partnership Company (SWPC) has announced the financial close of Ras Mohaisen water desalination project in Makkah region with a total investment value of SAR2.57 billion ($684 million). Once operational, it will boast a 300,000 cu m/day production capacity. ...

Construction & Real Estate

Acwa Power inks $400m contract for Azerbaijan desal project

Saudi utility major Acwa Power has announced it has signed a $400 million contract with Azerbaijan State Water Resources Agency (ADSEA) to develop the country’s first large-scale water reverse osmosis (SWRO) desalination plant on the Caspian Sea. ...

Construction & Real Estate

Acwa Power snaps up Engie’s strategic GCC utility assets for $693m

Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million. ...

Construction & Real Estate

KKR, Acwa Power ink Saudi strategic infrastructure financing deal

KKR, a leading global investment firm, has announced a strategic infrastructure financing transaction with Acwa Power, a global utility major. As part of the deal, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility in the Makkah region....

Construction & Real Estate

Acwa Power in deal to boost $5bn sustainable utility projects across Africa

Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa. ...

Construction & Real Estate

Saudi–Bahrain energy ties boosted by ACWA Power–Bapco deal

ACWA Power and Bapco Energies signed a Joint Development Agreement to develop a multi-phase 2.8 GW solar plant with large battery storage in Saudi Arabia. Announced at the 2025 Saudi–Bahraini Coordination Council meeting, the project will supply Bahrain’s grid and support its renewable energy transition....

Construction & Real Estate

Kuwait issues RFPs for 500MW renewable energy projects

The Kuwait Authority for Partnership Projects has issued Request for Proposals to qualified bidders for the development of Al Dibdibah Power and Al Shagaya Renewable Energy (Phase III – Zone 2) Solar PV IPP project with a total capacity of 500MW. ...

Construction & Real Estate

Acwa Power achieves $8.2bn financial close for 15GW Saudi projects

Acwa Power, the world's largest private water desalination company, has announced that it has, along with its partners Badeel and Saudi Aramco Power Company (Sapco), achieved a $8.2 billion financial close for 15GW renewable energy projects in Saudi Arabia. ...

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