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.
Trinasolar, a global leader in smart PV and energy storage solutions, is accelerating its presence in Saudi Arabia through strategic collaborations with ACWA Power, the world’s largest private water desalination company, a leader in energy transition, and first mover into green hydrogen.
Acwa Power has signed a reservation agreement with the Philippines’ BCDA to develop large-scale renewable energy in New Clark City. The collaboration targets a major solar project with potential battery storage integration within the smart, green New Clark City Special Economic Zone north of Manila.
Acwa Power, a leader in energy transition, has announced the fourth edition of Innovation Days, to be held from January 26–28, 2026 at The Garage in Riyadh, under the patronage of the Ministry of Energy of Saudi Arabia.
Saudi utilities major Acwa Power has announced the completion of acquisition of French energy giant Engie’s stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait. The gas-fired IWPP has a 1.5GW power generation capacity and a 107 MIGD desalination capacity.
An official ceremony was held to inaugurate the Khizi–Absheron Wind Power Plant in Azerbaijan, one of the largest wind energy projects developed by Saudi Acwa Power in the country, with a total capacity of 240 megawatts.
