Inks multiple agreements with Republic’s Ministry of Energy and State Oil Company of Azerbaijan Republic (SOCAR) New projects to build Azerbaijan’s clean energy and aid decarbonisation efforts Riyadh, Saudi Arabia : ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has announced that four separate […]
ACWA Power to develop Uzbekistan’s first green hydrogen and green ammonia projects – EQ Mag
Saudi company signs extensive head of terms agreements with Uzbek government to set up a green hydrogen facility and pilot project for a green ammonia Riyadh, KSA : ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has signed extensive heads of terms agreements to […]
ACWA Power partners with European electricity supplier VERBUND for ambitious green hydrogen projects – EQ Mag
Saudi company to work with Austria’s leading electricity company to explore joint projects on green hydrogen Memorandum of Understanding signed during Abu Dhabi Sustainability Week 2023 Abu Dhabi, United Arab Emirates/ Riyadh, KSA : ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has finalised […]
Saudi ACWA Power signs MoU for 10 GW wind project in Egypt
CAIRO, Nov 1 (Reuters) – Saudi ACWA Power Company (2082.SE) has signed a memorandum of understanding (MoU) with the Egyptian New and Renewable Energy Authority and the Egyptian Electricity Transmission Company to build a 10 gigawatt (GW) wind energy project in Egypt, the Saudi Energy Ministry said on Tuesday. Reporting by Ahmad Elhamy and Mahmoud […]
ACWA Power reports increase in net profit for third quarter and first nine months of 2022
Consolidated net profit attributable to equity holders of the parent for the first nine months of SAR883 million, a 110% increase year-on-year Adjusted net profit increased by 7% year-on-year Riyadh, Kingdom of Saudi Arabia: ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082) and a leading Saudi […]
Acwa Power Set to Enter Indonesia with Two Floating Solar Pv Projects – EQ Mag Pro
Saguling and Singkarak projects represent a 110MWac combined capacity and US$105million in investment value Facilities are ACWA Power’s first floating solar PV projects in its 60+asset portfolio Riyadh, Kingdom of Saudi Arabia : ACWA Power Company, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced that […]
ACWA Power And South Korea’s KEPCO Set To Explore Industrial Scale Green Hydrogen/Ammonia Production Intended For Utilisation In KEPCO’S Power Plants In South Korea – EQ Mag Pro
Riyadh, KSA : ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, and Korea Electric Power Corporation (KEPCO), South Korea’s largest electric utilities provider, today signed an extensive memorandum of understanding (MoU) that proposes a potential partnership in the development of green hydrogen/ ammonia projects […]
ACWA Power strengthens C-suite with new leadership appointments – EQ Mag Pro
Abdulhameed Al Muhaidib appointed new CFO Kashif Rana, former CFO, takes over as Chief Portfolio Management Officer Riyadh, KSA : 29 August 2022: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced changes at the executive leadership level. Kashif Rana, formerly the company’s […]
Saudi Arabia’s ACWA Power Expands Its Energy Portfolio in Uzbekistan – EQ Mag Pro
Inks three major development agreements valued at more than US$12billion on the occasion of the state visit of H.E. Shavkat Mirziyoyev, President, Republic of Uzbekistan to the Kingdom of Saudi Arabia Uzbekistan will become the second largest country for ACWA Power in terms of overall investment Company formalises agreement for c.US$2.4billion 1.5GW wind farm in […]
ACWA Power announces quarterly and semi-annual financial results – EQ Mag Pro
Consolidated net profit attributable to equity holders of the parent for the first six months reached SAR542 million, a 21% increase year-on-year. Operating income before impairment loss and other expenses for the same period at SAR1,153 million increased by 9% The Company’s share of renewable energy capacity in its power generation portfolio reached 37% with […]