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) is a Saudi Listed Joint Stock Company headquartered in Riyadh, founded in 2004 by Muhaidib Group, MADA Group and Abdullah Abunayyan Trading Company. It develops, invests in and operates renewable energy, green hydrogen, water desalination and conventional power generation assets, with a portfolio spanning multiple countries across the Middle East, Africa, Asia, Central Asia and Europe. Its activities include independent power and water projects, solar and wind developments, and green hydrogen and ammonia initiatives, supported by an operations and maintenance business. The company was listed on the Saudi Stock Exchange (Tadawul) in 2021 and rebranded from ACWA Power to Acwa in 2026.
Headquarters
Founded
Employees
Company type
Focus areas
Products & services
Business models
Value chain
Service areas (1)
Renewable energy and water infrastructure development and operation
Develops, invests in and operates power generation, renewable energy, green hydrogen and water desalination projects.
Locations
Headquarters
Acwa Building 1, Ground Floor, Business Gate Office Complex, Airport Road, 11416, Riyadh, Saudi Arabia
Operating locations (13)
- King Abdulaziz Branch Road, Ash Shati, Jeddah, Saudi Arabia
- The One Tower, 41st Floor, Barsha Heights, Sheikh Zayed Road, Dubai, United Arab Emirates
- South Lobby Roof Top, Grand Mall, Al Khwair, Muscat, Oman
- Pondok Indah Office Tower 5, 16th Floor, Jalan Sultan Iskandar Muda Kav. V-TA, Pondok Indah, Jakarta, Indonesia
- Unit 56F01, New Bund Center, No. 555 Haiyang West Road, Pudong New Area, Shanghai, China
- 701-701, Taikang Intl Tower, No. 2 Wudinghou Street, Xicheng District, Beijing, China
- Barbaros Plaza, Emirhan Caddesi, No:113 Kat:19, Dikilitas, Besiktas, Istanbul, Turkey
- 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
- SODIC EDNC, Gate 9, Building 5, Third Floor, 5th Settlement, New Cairo, Egypt
- Al Khalideen Suburb, Al Hakam Bin Amro Street, Bldg No. 22, Amman, Jordan
Service regions
Projects
5Sakaka PV IPP
300 MW solar PV independent power plant, described as KSA's first utility-scale renewable energy project.
Khalladi Wind Farm
120 MW wind farm in northern Morocco.
Noor Energy 1
Concentrated solar power project in the Mohammed bin Rashid Al Maktoum Solar Park, expanded with 250 MW of PV to a total of 950 MW.
Kungrad Wind Farm
1.5 GW wind farm in Karakalpakstan, including a planned battery storage system.
Ar Rass Solar PV IPP
700 MW solar photovoltaic independent power plant, under a signed power purchase agreement.
Credentials & affiliations
Certifications
Climate Bonds Initiative certification for Renewable Energy Project Financing (Noor Energy 1)
Partnerships
Air Products, NEOM, Saudi Aramco, OQ, Verbund, POSCO Holdings, Korea Electric Power Corporation, Neutral Fuels, EBRD, Mitsui, SPIC Huanghe Hydropower Development Company, Saudi Tabreed Cooling Company, PowerChina, China Gezhouba Group Company, Bank of China, Huawei, Shanghai Electric, Pertamina New & Renewable Energy, PT Perusahaan Listrik Negara, ECOHZ, WOCAN, Water Global Access, Samsung C&T, Saudi Industrial Development Fund, SABIC, Hassan Allam Holding
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