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ACWA Power International
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Developer, owner and operator of independent water and power projects structured on a concession or utility outsourcing contract model

Founded in 2004
Founded in

Company type Private Public ()
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Industry Group energy & power

Sector energy services

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Saudi Arabia Riyadh, Saudi Arabia
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Updated by Sunena Gupta at on 12/05/2024

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Date Company
06/29/2012

South Africa Department of Energy South Africa Department of Energy

Acwa Power was selected as the preferred bidder to develop the 50 MW Bokpoort solar thermal power plant in South Africa.

Confirmed by South Africa Department of Energy
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Date Partner Type
06/01/2022
Air Products & Chemicals Air Products & Chemicals
Air Products, OQ, and ACWA Power will jointly develop a multi-billion dollar renewable ammonia production facility in Salalah, Oman. The new deal follows an MoU signed in December 2021. A combination of solar, wind and storage capacity will power the facility, with electrolytic hydrogen to feed the production of ammonia via the Haber Bosch process.
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Confirmed by Air Products & Chemicals
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Date Investors Type Amount
02/28/2022 Al Rajhi Bank Al Rajhi Bank , APICORP APICORP , Bank Saudi Fransi Bank Saudi Fransi , Riyad Bank Riyad Bank , Saudi British Bank Saudi British Bank , Saudi National Bank Saudi National Bank , Standard Chartered Bank Standard Chartered Bank (7)
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A consortium of developers, ACWA Power, SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company, have achieved financial close for debt facilities for utilities infrastructure at the Red Sea project, a huge resort under construction off the coast of Saudi Arabia which plans to have the largest off-grid battery energy storage system (BESS) in the world at 1,200-1,300MWh.
 Structured Debt $1,300,000,000
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