Acwa
Riyadh, Saudi Arabia
About
Founded in 2004, Acwa is a public company headquartered in Riyadh, Saudi Arabia with approximately 1001-5000 employees specializing in Solar, Wind, Hydrogen.
Acwa (formerly ACWA Power, rebranded in 2026) is a Saudi-listed joint stock company headquartered in Riyadh, established in 2004 by Muhaidib Group, MADA Group and Abdullah Abunayyan Trading Company. It develops, invests in and operates power generation, renewable energy, green hydrogen and water desalination projects. The company reports a portfolio of about 111 assets across 16 countries, with roughly 98 GW of generation capacity and 9.7 million cubic metres of desalinated water per day, and employs more than 4,000 people. Its renewable activities include solar PV, CSP, wind, storage and green hydrogen projects, and it is listed on the Saudi Exchange (Tadawul) following a 2021 IPO. The Public Investment Fund became its largest shareholder in 2020.
Headquarters
Founded
Employees
Company type
Focus areas
Products & services
Business models
Value chain
Service areas (1)
Power generation, renewable energy and water desalination
Develops, invests in and operates power generation, renewable energy, green hydrogen and water desalination projects for governments, utilities and industries.
Locations
Headquarters
Airport Road, Business Gate Office Complex, Acwa Building 1, Ground Floor, 11416, Riyadh, Saudi Arabia
Operating locations (11)
- One Tower, 41st Floor, Barsha Heights, Sheikh Zayed Road, Dubai, United Arab Emirates
- Pondok Indah Office Tower 5, 16th Floor, Jalan Sultan Iskandar Muda Kav. V-TA, Pondok Indah, South Jakarta, Indonesia
- Al Hakam Bin Amro Street, Bldg No. 22, Al Khalideen Suburb, Amman-Khelda, Amman, Jordan
- Grand Mall, South Lobby Roof Top, Al Khwair, Muscat, Oman
- International Business Center, Block-C, 10th Floor, 107-B, Amir Temur Avenue, Tashkent, Uzbekistan
- Landmark III, 90A Nizami Street, Baku, Azerbaijan
- 7th Floor, 90 Grayston Drive, Sandton, Johannesburg, South Africa
- 65, Avenue Mehdi Ben Barka, Souissi, Rabat, Morocco
- Barbaros Plaza, Emirhan Caddesi, No:113 Kat:19, Dikilitas, Besiktas, Istanbul, Turkey
- No. 555 Haiyang West Road, New Bund Center, Unit 56F01, Pudong New Area, Shanghai, China
- No. 2 Wudinghou Street, Taikang Intl Tower, Xicheng District, Beijing, China
Service regions
Projects
8NEOM Green Hydrogen
Green ammonia and green hydrogen facility integrating renewables and a 2 GW electrolysis plant; financial close reached on a total investment of US 8.4 billion.
Sudair Solar PV plant
One of the largest single contracted PV plants in the world, developed in a joint investment with PIF, ACWA Power and Saudi Aramco.
Sakaka PV IPP
Kingdom of Saudi Arabia's first utility-scale renewable energy project, inaugurated under the Saudi National Renewables Energy Program.
Ibri 2 PV IPP
Oman's first solar independent power project under the national renewable energy programme, connected to the main national grid.
Khalladi wind farm
Wind farm in northern Morocco, inaugurated and first to qualify for the International Renewable Energy Certificate Standard.
Kungrad wind farm
Power purchase and investment agreements for the largest single-site wind facility in Central Asia, to include a battery storage system.
Nukus wind project
Uzbekistan's first publicly tendered wind project; ground broken in a formal ceremony.
Redstone project
Renewable energy project in South Africa; construction commenced after total investment of ZAR 11.6 billion.
Credentials & affiliations
Certifications
Climate Bonds Initiative certification for Renewable Energy Project Financing (Noor Energy 1)
Awards
Best Natural Resource deal of the year
Partnerships
Air Products, Saudi Aramco, OQ, POSCO Holdings, Korea Electric Power Corporation, Verbund, Mitsui, Neutral Fuels, PT Perusahaan Listrik Negara, Pertamina New & Renewable Energy, Samruk-Kazyna, China Southern Power Grid International, SPIC Huanghe Hydropower Development Company, Saudi Tabreed Cooling Company, EBRD, APICORP
People
Management & team (13)
+ 9 more
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