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ACWA Power reports 78% increase in Q1 2023 net profit, expands leadership team for growth and expansion – EQ Mag

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The publicly listed company on the Tadawul stock exchange (ACWA Power: 2082) reported a consolidated net profit of SAR270 million, a 78% increase from the same period last year. ACWA Power, a Saudi Arabian developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, announced its financial results for the first […]

ACWA Power secures $123mn for Egypt’s solar project – EQ Mag

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The financing package was signed by six different institutions Saudi’s integrated utility developer ACWA Power has revealed in a press release that it has signed a $123mn (AED452mn) financing package to develop the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. Financing institutions for this project include European Bank for Reconstruction and […]

ACWA to develop Uzbek solar and battery capacity – EQ Mag

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The agreements cover three combined PV and storage projects ACWA Power has signed three power purchase agreements and investment agreements with Uzbekistan’s National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade. The agreements include the development of three solar photovoltaic projects in Tashkent and Samarkand and three battery energy storage systems […]

Saudi ACWA Power signs deals to invest $2.5bln in green projects in Uzbekistan – EQ Mag

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The utility operator to develop PV solar and battery storage projects Saudi Arabian utility developer ACWA Power has signed three power purchase agreements (PPA) and investment agreements with Uzbekistan to develop solar and battery storage projects with a combined value of $2.5 billion that will potentially help offset 16 million tonnes of carbon dioxide emissions […]

ACWA POWER AND THE HIGHER INSTITUTE FOR WATER AND POWER TECHNOLOGIES LAUNCH THE RENEWABLE ENERGY AND OCCUPATIONAL SAFETY PROGRAM – EQ Mag

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First program of its kind in the Kingdom of Saudi Arabia that focuses on training females in the renewable energy and water fields First batch will include 60 female trainees in the disciplines of water and mechanical maintenance Riyadh, Saudi Arabia : ACWA Power, a leading Saudi developer, investor, and operator of power generation, water […]

ACWA POWER SIGNS POWER PURCHASE AND INVESTMENT AGREEMENTS FOR 1.5GW WIND PLANT IN UZBEKISTAN – EQ Mag

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ACWA Power signs Power Purchase Agreements (PPAs) and investment agreements through three wind power subsidiaries to develop the 1.5 GW Kungrad wind farm The Kungrad wind farm, formerly referred to as Karakalpakstan Wind IPP, will be the largest single-site wind farm in Central Asia, and one of the largest in the world, when completed Project […]