About
ACWA Power is a Saudi Arabian developer, investor and operator of power generation and desalinated water plants, listed on the Saudi stock exchange and now operating in more than 12 countries across the Middle East, Africa, Central Asia and Southeast Asia. The company was founded in 2004 and has built one of the world's largest portfolios of independent power and water projects, with total capacity in the tens of gigawatts. Its strength lies in public-private partnership models: ACWA Power develops, finances, builds and operates plants under long-term offtake agreements, from gas and combined-cycle plants to some of the world's largest solar PV, wind and concentrated solar projects. The company is also the global leader in desalination, operating reverse-osmosis plants that supply municipal and industrial water across the Gulf. For industrial buyers and utilities, ACWA Power is a partner rather than a commodity supplier, offering energy and water as a service with proven execution in challenging markets. Its green hydrogen venture at NEOM, developed with Air Products, positions it as a first-mover in the emerging clean-fuel export economy.
Also known as: ACWA Power
Frequently Asked Questions
What is ACWA Power?+
ACWA Power is a Saudi Arabian company that develops, invests in and operates power generation and desalinated water plants across the Middle East, Africa, Central Asia and Southeast Asia. It is one of the world's largest private water and power developers.
Where is ACWA Power headquartered?+
ACWA Power is headquartered in Riyadh, Saudi Arabia.
Who owns ACWA Power?+
ACWA Power is majority owned by the Saudi sovereign wealth fund, the Public Investment Fund (PIF), and was listed on the Saudi Tadawul stock exchange in 2021. The company was founded by its Chairman Mohammad Abunayyan.
When was ACWA Power founded?+
ACWA Power was founded in 2004 as part of the Abunayyan Holding group. Its name comes from "Arabian Company for Water and Power Projects."
