Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million.
KKR, a leading global investment firm, has announced a strategic infrastructure financing transaction with Acwa Power, a global utility major. As part of the deal, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility in the Makkah region.
KKR, a leading global investment firm, has announced a strategic financing transaction with ACWA Power, the world’s largest private water desalination company, a leader in energy transition and a first mover in green hydrogen.
The Kuwait Authority for Partnership Projects has issued Request for Proposals to qualified bidders for the development of Al Dibdibah Power and Al Shagaya Renewable Energy (Phase III – Zone 2) Solar PV IPP project with a total capacity of 500MW.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
Acwa Power, the world's largest private water desalination company, has announced that it has, along with its partners Badeel and Saudi Aramco Power Company (Sapco), achieved a $8.2 billion financial close for 15GW renewable energy projects in Saudi Arabia.
JA Solar, a trusted global partner in green energy, has signed a module supply agreement with Larsen & Toubro (L&T), the EPC contractor for the Samarkand 1 and 2 Solar PV Power Plants in Uzbekistan.
The Saudi Public Investment Fund (PIF) and Acwa Power have signed a memorandum of understanding (MoU) to explore opportunities to develop power and water infrastructure for PIF’s local real estate portfolio companies.
Saudi-listed Acwa Power reported consolidated financial results for the nine months ending September 30, 2025, with a 17 per cent year-on-year rise in operating income.
Acwa Power has announced that its key affiliate - Hajar Two Electricity - has achieved a SAR10.8 billion ($2.9 billion) financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia. Once operational, it will boast a 3,010MW capacity.
