ACWA Power
ACWA Power is a Saudi-listed developer, investor, and operator of utility-scale power, water desalination, and green hydrogen infrastructure across 15 countries. Its 110-asset portfolio delivers 98.0 GW of capacity and 9.8 million m³/day of desalinated water under long-term sovereign-backed PPAs and WPAs.
- Company typePublic
- Founded2004
- HeadquartersRiyadh, Saudi Arabia
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What ACWA Power does
ACWA Power Company (Saudi Exchange: 2082) is a Riyadh-headquartered, Saudi-listed developer-investor-operator of utility-scale power generation, water desalination, and green hydrogen infrastructure, with 110 assets across 15 countries, 98.0 GW of generation capacity, 9.8 million m³/day of desalination capacity, and 124.4 billion USD of assets under management. The company is recognized as the world's largest private water desalination company and a first-mover in green hydrogen at scale, anchored by the US$8.5 billion NEOM Green Hydrogen Project and the Yanbu Green Hydrogen Hub joint development with EnBW. Its core technology stack spans combined-cycle gas turbines, utility-scale solar PV, onshore wind, concentrated solar power with molten-salt thermal storage (e.g., 100 MW Redstone CSP with 12-hour storage), battery energy storage systems (BESS), seawater reverse osmosis desalination (world-record 2.9 kWh/m³ at Hassyan), and electrolysis-based green hydrogen and ammonia production, with AI used for predictive maintenance and energy optimization.
ACWA Power operates a fully integrated developer-investor-operator business model. It originates and structures projects, invests its own equity alongside sovereign co-investors (PIF/Badeel, Saudi Aramco/SAPCO, Danantara, MIDA, MIC, PT Pertamina, IFC, OPEC Fund, Sumitomo, Chubu, Shikoku), and operates the assets through its wholly-owned subsidiaries NOMAC (O&M) and ACWA Field Services / NMES (rotating-equipment field services). Revenue is generated through (i) equity returns from long-term 20-35 year inflation-indexed, availability- and output-based PPAs and WPAs with sovereign off-takers (approximately 85% of revenue is sovereign-backed); (ii) project development fees recognized at financial close; and (iii) O&M and field service fees from in-house NOMAC/NMES to both ACWA's portfolio and third-party utilities.
The company is 50%-owned by Saudi Arabia's Public Investment Fund (PIF), which has committed to allocate 70% of the Kingdom's renewable energy targets to ACWA Power under the National Renewable Energy Program. With 4,000+ employees across 13 offices and an MSCI ESG rating of 'A' (upgraded May 2026), ACWA Power is positioning itself as a global integrated energy-water-hydrogen platform pursuing US$250 billion AUM by 2030.
ACWA Power firmographics
Firmographics- Name
- ACWA Power
- Legal name
- ACWA Power Company
- Website
- https://www.acwapower.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- ACWA Power is a Saudi-listed developer, investor, and operator of utility-scale power, water desalination, and green hydrogen infrastructure across 15 countries. Its 110-asset portfolio delivers 98.0 GW of capacity and 9.8 million m³/day of desalinated water under long-term sovereign-backed PPAs and WPAs.
- Ownership category
- akta.pro rank
ACWA Power industry classification
Industry- Product category
- Utility-scale power generation and water desalination infrastructure
- NAICS
- Electric Power Generation (22111), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
- akta.pro secondary industries
- Utility-Scale Power Generation Asset Management (EUAEAMAA), Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ), Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)
Keywords
Where ACWA Power is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices3 records
Markets served
ACWA Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Long-term equity returns from IPP/IWPP ownership: Majority of revenue (~85% secured by sovereign-backed contracts) comes from equity stakes in utility-scale power, water, and hydrogen projects operating under inflation-indexed Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs) typically spanning 20-35 years, generating availability-based or output-based revenue.
- Project development fees: Development fees earned from originating, structuring, and arranging project finance for new utility-scale infrastructure projects; recognized upon financial close.
- Operation & Maintenance (O&M) service fees: O&M service fees from in-house subsidiary NOMAC (NOMAC Maintenance Energy Services / ACWA Field Services / NMES), providing operations, maintenance, and field services across ACWA's portfolio and to third-party IPPs/utilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | Long-term availability-based PPAs/WPAs with sovereign off-takers |
| Unit Pricing | Multi-year contract | Record-low renewable and desalination tariffs |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
ACWA Power product offering
Product offeringCore offering
ACWA Power develops, invests in, co-owns, and operates utility-scale power generation, water desalination, and green hydrogen infrastructure projects, holding equity in 110 assets across 15 countries with 98.0 GW of generation capacity and 9.8 million m³/day of desalination capacity. Revenue is secured primarily through long-term availability- and output-based Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs) with sovereign off-takers, with the company also earning development fees at financial close and O&M service fees through its in-house NOMAC subsidiary and NMES field services arm.
Product overview
ACWA Power operates a platform-plus-modules architecture across an integrated portfolio of utility-scale power generation, water desalination, and green hydrogen infrastructure - rather than a single software product. Its core offering is the end-to-end development-investment-operation of power and water assets (110 assets across 15 countries, 98.0 GW capacity, 9.8 million m³/day of desalination, 1.2 m MTPA NH₃ capacity, USD 124.4 billion AUM), delivered under long-term PPAs/WPAs. The named products include: (1) the integrated energy/water/hydrogen portfolio itself; (2) Acwa Operations (NOMAC) - wholly-owned O&M platform; (3) Acwa Field Services (NMES) - rotating-equipment on-site maintenance; (4) the Green Hydrogen & Green Ammonia project platform anchored by NEOM and Yanbu; (5) SWRO desalination plants; (6) Combined-Cycle Gas Turbine (CCGT) power plants; (7) Concentrated Solar Power (CSP) plants with thermal storage; (8) Solar PV + BESS hybrid plants; and (9) Onshore wind projects. These modules fit together via a unified developer-investor-operator business model: project development and equity investment originate assets, while Acwa Operations and Acwa Field Services provide long-term O&M, and Thinkproject provides the connected data foundation across the portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- ACWA Operations: Wholly owned operations and maintenance platform that plays a role in every stage of ACWA Power's business model.
- ACWA Field Services
- NOMAC
Products and services
- Integrated Energy, Water and Green Hydrogen Portfolio Flagship integrated offering spanning power generation (98.0 GW across 110 assets in 15 countries), water desalination (9.8 million m³/day), and green hydrogen at scale (1.2 MTPA NH₃ capacity), delivered through long-term PPAs/WPAs and BOO/BOOT models with sovereign-backed offtakers.
- ACWA Operations (NOMAC) Wholly-owned operations and maintenance (O&M) platform delivering availability above contracted levels across ACWA Power's power, water, and desalination portfolio, preserving residual asset value and serving as a primary source of stable, high-visibility cash flows.
- ACWA Field Services (NMES / NOMAC Maintenance Energy Services) ACWA Power's internal long-term service agreement (LTSA) and field service provider offering advanced workshop-level capabilities on-site, including rotor unstacking/restacking, laser welding, precision machining, on-site balancing/inspection, NDT, and component replacement for IPPs and government utilities.
- Green Hydrogen & Green Ammonia Project Platform First-mover green hydrogen and ammonia production platform with 1.2 MTPA NH₃ target capacity, anchored by the NEOM Green Hydrogen Project (US$8.5 billion financial close) and the Yanbu Green Hydrogen Hub (JDA with EnBW, commercial operations by 2030).
- Seawater Reverse Osmosis (SWRO) Desalination Plants Utility-scale seawater desalination plants using SWRO technology, including Hassyan (818,000 m³/day at 2.9 kWh/m³ record efficiency with DEWA), Rabigh 3 IWP (600,000 m³/day, >99% availability), and Grande-Côte Senegal (400,000 m³/day, fully renewable-powered).
- Combined-Cycle Gas Turbine (CCGT) / Gas-Fired Power Plants Large-scale gas-fired CCGT plants such as Rabigh 2 IPP Expansion (2,313.5 MW, SAR 11.5 billion, 31-year PPA, carbon-capture ready) and Saudi Rumah 1 / Al-Nairiyah-1, providing baseload generation under Vision 2030.
- Concentrated Solar Power (CSP) Plants with Thermal Storage CSP projects with molten-salt thermal storage enabling 24/7 dispatchable solar power, including the 100 MW Redstone CSP project in South Africa (12-hour storage, procured under REIPPP) and Bokpoort plant, positioning CSP as a coal-replacement technology.
- Utility-Scale Solar PV + Battery Energy Storage (BESS) Hybrid Plants Integrated PV-BESS projects delivering round-the-clock clean electricity, including the New Clark City 500 MW project (Philippines, BCDA land lease) and Bisha 1,290 MWp Solar PV Plant with GameChange Solar trackers and L&T as EPC.
- Onshore Wind Power Projects Utility-scale onshore wind projects under long-term PPAs, including the 1,500 MW Kungrad 123 wind and BESS project in Uzbekistan, the 300 MW Bash II wind farm in Uzbekistan's Bukhara region (39 turbines), the 1,000 MW Samarkand solar-BESS project, the 100 MW Karatau wind project in Uzbekistan, and the Khizi-Absheron wind project in Azerbaijan.
Quantifiable outcome
- Solar PV tariffs reduced by 83% over the past decade, desalination tariffs reduced by 58%
- +7 more outcomes
Companies that use ACWA Power
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
ACWA Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability4 records
Feature6 records
ACWA Power partnerships and signals
Strategic signalPartnerships
42 partnerships are on record, tiered core, minor and flagship.
- TAQA (Abu Dhabi National Energy Company)coreJoint bidder (with ACWA Power) for Bahrain's Sitra IWPP (1,400-1,500 MW thermal + 5,682 m³/hr SWRO) under Build-Own-Operate model. Regional competitor and co-bidder.
- Telecom Italia SparkleminorMoU signed at FII PRIORITY Europe 2026 Summit to explore cooperation in energy and data transmission between ACWA Power and Telecom Italia Sparkle.
- HAMROHminorThree-year MoU to support female entrepreneurs in Uzbekistan through sustainable market integration; ACWA Power to prioritize female-owned businesses for outsourced services across Karakalpakstan, Tashkent, Samarkand, and Bukhara regions. Signed at TIIF-2026.
- Bases Conversion and Development Authority (BCDA)coreLand lease agreement (COL) for 500-hectare site in New Clark City, Philippines, for 500 MW solar park with BESS. Initial investment at least USD 400,000 per MW. Anchor power locator for New Clark City special economic zone.
- Emerging Power Inc. (Nickel Asia)coreJoint Development Agreement to build up to 5,000 MW clean energy platform by 2030 in the Philippines; covers renewable energy and gas-fired power; initial focus on Philippines' Green Energy Auction Program (GEAP).
- Larsen & Toubro (L&T)flagshipMoU for Renewables & Grid scope of Yanbu Green Ammonia Project in Saudi Arabia (Solar PV, Wind, BESS, substations, transmission). L&T also selected as preferred EPC contractor for Bash 2 (300 MW) wind project in Uzbekistan, and EPC partner for 1,290 MWp Bisha Solar PV Plant.
- Stellenbosch UniversityminorProf Craig McGregor of Stellenbosch University appointed as inaugural ACWA Power Chair in Concentrating Solar Power; partnership to advance CSP research in South Africa focusing on plant optimisation, thermal storage, and cooling technologies. ACWA Power operates Bokpoort and Redstone CSP facilities in South Africa.
- TopsoeflagshipAmmonia licensing partnership with Danish company Topsoe for the Yanbu Green Hydrogen Project, signed as one of 27 strategic partnerships at Innovation Days 2026 in Riyadh.
- ITOCHUcoreCo-development agreement with Japanese conglomerate ITOCHU for the Yanbu Green Ammonia Project, signed at Innovation Days 2026.
- Vitol Group / Vivo Energy / VTTIcoreConsortium developing a US$3 billion LNG-to-power project at Durban port, South Africa, with planned capacity 1,000-1,800 MW. Received Strategic Integrated Projects status from South African government.
- Water Global Access (GVCD), NexT Membranes, Harmony Desalting, Huaxin Nano, Aleph TechcoreFive technology partnerships signed at Innovation Days 2026 covering advanced desalination: GVCD (GVCD technology), NexT Membranes (compaction-free RO), Harmony Desalting (batch RO), Huaxin Nano (anti-fouling membranes), Aleph Tech (AI for energy optimization).
- ThinkprojectflagshipMulti-million-dollar, ten-year strategic digitalization partnership. Thinkproject built connected data foundation enabling real-time digital handover from construction and portfolio-wide visibility across ACWA Power's global portfolio of power, energy, and water assets.
- GameChange SolarcoreSupply contract for Genius Tracker 1P tracking systems for the 1,290 MWp Bisha Solar PV Plant in Saudi Arabia's Asir Province (developed by ACWA Power with L&T as EPC). Marks milestone exceeding 2 GW of combined GameChange-L&T collaboration.
- MIT, Stanford, Tsinghua University, UCLAcoreResearch collaborations with leading universities covering membrane technologies, AI-based plant optimization, and advanced desalination. Signed as part of 27 strategic partnerships at Innovation Days 2026.
- Rostock Port and VNG (with EnBW)coreMoU to develop a green ammonia export corridor from Yanbu, Saudi Arabia, to Rostock, Germany, with operations planned by 2030. EnBW leads production in Yanbu; German firms EnBW, Rostock Port, and VNG handle logistics, receiving, and ammonia-to-hydrogen reconversion.
- EnBW (Energie Baden-Württemberg AG)flagshipJoint Development Agreement for the first phase of the Yanbu Green Hydrogen Hub (commercial operations by 2030). Also part of multi-party MoU with Edison, TotalEnergies, Zhero Europe for renewable energy exports from Saudi Arabia to Europe. Part of green ammonia export corridor to Germany with VNG and Rostock Port.
- Water and Electricity Holding Company (Badeel)flagshipBadeel, a wholly-owned PIF subsidiary, is ACWA Power's co-developer for five Saudi PV projects financed under FII9 (~SAR 22.5 billion / US$6 billion total). Badeel and ACWA Power signed the original share purchase agreement for Shuaibah Water and Electricity Co. (32% stake, USD 225 million, completed March 2026). Flagship Saudi government co-investor.
- Saudi Aramco (through SAPCO)flagshipSAPCO, wholly owned by Saudi Aramco, is the equity co-developer for ACWA Power's five Saudi PV projects under FII9 (SAR 22.5 billion total). Reinforces integration with Saudi national energy strategy.
- Chariot LimitedcoreMoU to co-develop a utility-scale energy platform serving Southern African Power Pool (SAPP) countries; focus on renewable power, battery storage, gas-to-power, and energy trading.
- Goldwind Science & TechnologycoreFramework agreement with Chinese wind technology leader to accelerate innovation, local manufacturing, and technology transfer across Saudi Arabia, Uzbekistan, China, and other key markets; boosting wind turbine efficiency and Vision 2030 local content.
- Envision EnergycoreFramework agreement with leading Chinese wind turbine OEM (16x6.5 MW turbines supplied for Karatau 100 MW Wind Project in Uzbekistan). Technology transfer and joint project development in emerging markets.
- Mingyang Smart EnergycoreFramework agreement with leading Chinese wind technology company; also ACWA Power acquired the 100 MW Mingyang Wind Power Project in China during Q3 2025, reinforcing China market presence.
- EthosEnergycoreStrategic collaboration with ACWA Field Services (NMES) for on-site Rotor Lifetime Assessment and Extension (RLE) solutions for GE Frame 7E, EA, FA gas turbines within Saudi Arabia.
- Government of Senegal / SONESflagshipSigned PPP contract and Government Support Agreement for the Grande-Côte seawater desalination project (400,000 m³/day, US$800 million investment, two phases of 200,000 m³/day, full operations by 2031). The largest desalination initiative in West Africa, fully reliant on green electricity.
- Danantara IndonesiaflagshipMoU with Indonesia's sovereign wealth fund to explore investments in renewable energy, combined cycle gas turbines, green hydrogen, and water desalination. Targets Indonesia's 34% renewables by 2034 and 87% by 2060.
- PT PertaminaflagshipStrategic partnership with Indonesian state oil and gas corporation; covers 500 MW of renewable energy and gas-to-power projects, green hydrogen, and O&M business lines. Total project funding up to US$10 billion.
- Maharlika Investment Corporation (MIC)coreMoU with the Philippines' sovereign wealth fund to explore renewable energy and energy storage projects for off-grid islands; technical, commercial, and financial feasibility studies.
- Malaysian Investment Development Authority (MIDA)flagshipMoU to explore development of up to 12.5 GW power generation capacity by 2040 with initial investment value up to US$10 billion; supports Malaysia's 70% renewable target by 2050. Signed during ASEAN-GCC Summit in Kuala Lumpur.
- Tenaga Nasional Berhad (TNB)coreStrategic Partnership Agreement and Heads of Terms for Joint Development Agreement covering floating solar PV (FPV), combined cycle gas turbine (CCGT), and large-scale water desalination feasibility studies in Malaysia.
- Terengganu Inc.coreStrategic Partnership Agreement and Heads of Terms for Joint Development Agreement covering FPV, CCGT, and large-scale water desalination in Malaysia.
- UEM LestracoreStrategic Partnership Agreement and Heads of Terms for Joint Development Agreement covering FPV, CCGT, and large-scale water desalination in Malaysia.
- KBRcoreMoU for collaboration on large-scale projects utilizing KBR's ammonia technology and engineering services, including programme management. Part of USD 500 million US firm collaboration package signed at Saudi-US Investment Forum.
- Baker HughescoreMoU to test and implement innovations in green hydrogen production (electrolysis solutions), enhancing safety and efficiency with potential in-Kingdom manufacturing. Also hydrogen compression partnership signed at Innovation Days 2026.
- GE VernovacoreMoU to test and implement innovations in core equipment for combined-cycle gas turbine projects, electricity transmission and distribution systems in Saudi Arabia. Also part of HVDC transmission corridor MoU for renewable exports to Europe.
- Energy RecoverycoreJoint research collaboration on energy-saving PX (pressure exchanger) operation technologies in seawater desalination plants, improving energy efficiency through advanced PX technology.
- Yale UniversityminorResearch and development partnership among ACWA Power's US academic collaborations alongside MIT and UCLA.
- MicrosoftcoreACWA is an early adopter of Microsoft Azure AI services and Microsoft 365 Copilot; Microsoft confirmed Saudi Arabia East Azure datacenter region operational from Q4 2026 in collaboration with PIF and Site.
- Veolia / SIDEMflagshipSIDEM (Veolia subsidiary) secured US$320 million contract to engineer and supply technology for Dubai's Hassyan SWRO plant (818,000 m³/day, world-record 2.9 kWh/m³). Developed with DEWA and ACWA Power.
- Nextracker, DuPont, EIG, Air ProductscoreLong-standing US technology and financial partners cited as part of >USD 6 billion in cumulative ACWA-US firm collaborations; covers solar tracker technologies (Nextracker), materials (DuPont), and equity investments (EIG, Air Products).
- Yellow Door EnergyminorPublic-private partnership with Bahrain's EWA for the 100 MW BAJ Solar IPP project (Bilaj Al Jazayer), targeted for September 2027 commercial operation.
- Masdar, EDF RenewablescoreCompeting consortia bidders for Kuwait's 1.1 GW Al Shagaya Renewable Energy Phase III Zone 1 solar project (bids opening mid-July 2026). Regional competitor and co-investor in Uzbekistan.
- Edison S.p.A., TotalEnergies, Zhero Europe B.V., CESI, Prysmian, Siemens Energy, HitachiflagshipMulti-party MoUs signed at the Renewable Energy and Green Hydrogen Export Workshop under Ministry of Energy supervision in Riyadh, leveraging Saudi Arabia's leadership in IMEC. Covers renewable energy export corridor from Saudi Arabia to Europe, electricity corridor development, and HVDC transmission technology.
Scale indicators14 records
Recent moves11 records
Expansion highlights7 records
ACWA Power competitors and assessment
Company assessmentBroad incumbents
- Ørsted: Danish global leader in offshore wind and green hydrogen. Comparable as a developer-investor-operator of utility-scale renewables and a first-mover in green hydrogen, though its pipeline is heavily offshore-wind-weighted and Europe-centric.
- Engie: Global multi-utility with major renewable and desalination presence, including Middle East and Africa. Engie competes head-to-head with ACWA on IPP tenders (e.g., Morocco, Egypt) and has comparable long-term PPA and project-finance capabilities, but operates a much broader portfolio beyond infrastructure development.
- Enel Green Power: Global renewable energy arm of Enel Group with utility-scale solar, wind, and storage across 5 continents. Comparable developer-investor-operator profile in emerging markets, though operates within Enel's vertically integrated utility business.
- Iberdrola: One of the world's largest renewable energy developers with global wind, solar, and storage portfolio. Comparable as a large-scale developer-investor-operator of utility renewable assets, though Iberdrola serves retail/corporate customers and has much broader geographic and product breadth.
- EDF Renewables: Global renewable energy developer and IPP owner, with active MENA and Africa presence. Bidder on Al Shagaya Phase III alongside Masdar; comparable as a long-tenor utility-scale developer and equity investor in renewables and storage.
Direct peers
- Masdar: UAE-based sovereign-backed renewable energy and green hydrogen developer/investor/operator with a global portfolio. Most directly comparable peer to ACWA Power: similar Middle East origin, government sponsorship (Mubadala/TAQA), and integrated developer-investor-operator model targeting utility-scale solar, wind, and hydrogen in the same geographies.
- TAQA (Abu Dhabi National Energy Company): Abu Dhabi-listed integrated power and water utility with generation, transmission, and distribution. Co-bidder with ACWA on Bahrain Sitra IWPP and a direct regional peer for utility-scale IPP/IWPP concessions in MENA under long-term PPAs/WPAs.
- Sembcorp Industries: Singapore-listed integrated urban solutions and energy platform with renewables, energy storage, and water businesses across Asia. Comparable in its mix of power, water, and emerging-markets focus, and as a sovereign-adjacent (Temasek-linked) infrastructure developer competing in SE Asia.
Others
- Marubeni Corporation: Japanese trading house with a substantial global IPP investment portfolio (co-investor in ACWA's Samarkand project through Sumitomo partnership; comparable as a long-tenor equity investor in utility-scale power projects). Acts more as a co-investor/financier alongside ACWA than a direct competitor.
Emerging players
- Yellow Door Energy: Dubai-based distributed solar and energy services provider active across the Middle East. Emerging co-bidder with ACWA on Bahrain BAJ Solar IPP and a regional competitor for smaller-scale solar PPAs in MENA; complementary rather than directly competing at ACWA's utility scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
ACWA Power social profiles
Digital presenceACWA Power compliance and trust
Trust signalCompliance10 records
ACWA Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
ACWA Power leadership team
Management profileNumber of profiles
Profiles11 records
ACWA Power subsidiaries and ownership
Company hierarchySubsidiaries5 records
ACWA Power funding detail
Funding detailFunding overview
Funding rounds18 records
Investors36 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ACWA Power M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ACWA Power
What does ACWA Power do?
ACWA Power develops, invests in, co-owns, and operates utility-scale power generation, water desalination, and green hydrogen infrastructure projects, holding equity in 110 assets across 15 countries with 98.0 GW of generation capacity and 9.8 million m³/day of desalination capacity. Revenue is secured primarily through long-term availability- and output-based Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs) with sovereign off-takers, with the company also earning development fees at financial close and O&M service fees through its in-house NOMAC subsidiary and NMES field services arm.
Is ACWA Power a public or private company?
ACWA Power is a public company. It is classified as public and is currently operating.
When was ACWA Power founded?
ACWA Power was founded in 2004. It employs 1,001 to 5,000 people.
Where is ACWA Power based?
ACWA Power is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does ACWA Power make money?
Three revenue lines are on record. Long-term equity returns from IPP/IWPP ownership is the primary driver. The others are project development fees and operation & Maintenance (O&M) service fees.
Who are ACWA Power's main competitors?
Broad incumbents on record are Ørsted, Engie, Enel Green Power, Iberdrola and EDF Renewables. Direct peers are Masdar, TAQA (Abu Dhabi National Energy Company) and Sembcorp Industries. Marubeni Corporation is listed as an others. Yellow Door Energy is listed as an emerging player.
Does ACWA Power have an API?
No public API is recorded for ACWA Power.
What industry is ACWA Power in?
ACWA Power's product category is Utility-scale power generation and water desalination infrastructure. Its primary akta.pro industry code is EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 22111 and its SIC code is 4911.