Acwa signed a $3 billion power purchase agreement (PPA) with Saudi Power Procurement Company for the Rabigh 2 expansion, a 2,313.5 MW gas-fired plant in Makkah, including future carbon capture readiness and a 380 kV substation upgrade.
Saudi utility major Acwa has reported solid results for FY 2025 with its revenue soaring to hit SAR7.41 billion ($1.97 billion) and its net profit recording a 60% growth over the previous year as higher operating income and stronger contributions from operating assets lifted earnings.
Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from leading utility developers - Saudi group Acwa (formerly Acwa Power) and Spanish major GS Inima Environment - for its landmark Hidd Independent Water Production (IWP) Project.
Acwa, the world’s largest private water desalination company, has appointed Dr. Samir J. Serhan as its new Chief Executive Officer. An industry veteran, he brings more than three decades of global leadership experience across large-scale industrial and infrastructure organisations to the new role.
Acwa signed Investment and PPA Key Terms with Türkiye’s Ministry of Energy and EÜAŞ to develop 5 GW of renewable energy, starting with 2 GW of solar at Sivas and Taşeli, with energy sales agreements in place.
Acwa, a leader in energy transition, has concluded Innovation Days 2026 at The Garage in Riyadh - a three-day platform that convened government entities, research institutions, global technology leaders, and investors - by announcing the signing of 27 strategic partnerships and the launch of Innovation Days in Shanghai.
Acwa, a leader in energy transition, has been awarded the King Khalid Sustainability Award, receiving special recognition for achieving the highest rating in the social criterion. This accolade followed a multi-month evaluation process, including a comprehensive audit of company data and sustainability reports from the previous year.
Saudi utility giant Acwa has announced that its consortium with Water Transmission Company (WTCO) has been signed up by Syrian government to conduct preliminary studies for seawater desalination projects with a combined capacity of 1.2 million cu m per day along with related water transmission infrastructure.
Topsoe has been selected as ammonia technology licensor for ACWA’s Yanbu Green Hydrogen project in Saudi Arabia. Its technology will convert green hydrogen into ammonia and includes engineering, proprietary equipment, and catalysts for FEED contractors Sinopec and Técnicas Reunidas.
