TAG: "ACWA Power"

News

ACWA Power Signs PPA with EETC for 2 GW Wind Project in Egypt

ACWA Power has signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project, set to be Egypt's largest wind farm with an investment of USD 2.3 billion.

ACWA Power | February 20, 2025 | By Mrinmoy Dey | 570

ACWA Power Signs Key Deals at ID25 for Renewables and Green Hydrogen

ACWA Power signed seven strategic agreements at 'Innovation Days 2025 (ID25)', partnering with Saudi Aramco, KAUST, Dow, Hysata, Fraunhofer, and Bluewater Bio to advance renewable energy, green hydrogen, and desalination technologies, supporting 'Saudi Arabia’s Vision 2030' goals.

ACWA Power | February 10, 2025 | By EI News Network | 896

ACWA Power and SEFE Collaborate on Green Hydrogen Export Project

Saudi Arabia and Germany signed an MoU between ACWA Power and SEFE to export 200,000 tons of green hydrogen annually by 2030. The partnership aims to enhance Saudi Arabia's position in green hydrogen production and strengthen energy ties.

ACWA Power | February 04, 2025 | By EI News Network | 645

Envision Secures Contract for ACWA Power's 1.1GW Onshore Wind Farm in Egypt

Envision Energy has secured a landmark contract for ACWA Power's 1.1GW onshore wind farm in Egypt's Gulf of Suez region, set to become one of the largest in the MENA Region.

ACWA Power | January 24, 2025 | By News Bureau | 707

ACWA Power Enters China’s Green Energy Market with Strategic Partnerships

ACWA Power enters China’s renewable energy market with USD 312 million investments, partnering with Sungrow Renewables and Mingyang Smart Energy to develop solar and wind projects. These strategic collaborations aim to drive sustainability and expand ACWA Power’s global renewable energy footprint.

ACWA Power | January 15, 2025 | By EI News Network | 885

Iraq Explores Solar Energy Partnership with Saudi Arabia

Iraq and Saudi Arabia are advancing plans for a 1,000 MW solar plant in Najaf, with ACWA Power's potential involvement. The collaboration supports Iraq’s strategy to diversify energy, aiming for 12,000 MW of solar capacity by 2030 through international partnerships.

ACWA Power | January 08, 2025 | By EI News Network | 1067

SPPC Releases List of Qualified Bidders for First Group of Battery Storage Projects

Saudi Arabia’s SPPC has announced 33 prequalified developers for the first group of its 2GW/8GWh BESS projects. This initiative is part of the kingdom’s push toward 50 percent renewable energy by 2030, with long-term contracts for selected bidders.

ACWA Power | January 07, 2025 | By EI News Network | 894

ACWA Power Secures Financing for 1,100 MW Wind Power Project in Egypt

ACWA Power has finalised financing for a 1,100 MW wind plant in Suez Governorate, Egypt, valued at SAR 4.13 billion. The project, in which ACWA Power holds a 70 percent stake, will be funded by global financial institutions, including EBRD, AFDB, and APICORP, over 20 years.

ACWA Power | December 31, 2024 | By EI News Network | 1343

ACWA Power to Raise SAR 7,125 Million Through Rights Issue

ACWA Power has submitted a proposal to Saudi Arabia’s Capital Market Authority to raise SAR 7,125 million (~ USD 1.9 billion) through a rights issue, aiming to fund its increased investment targets for renewable energy projects and global clean energy initiatives.

ACWA Power | December 20, 2024 | By EI News Network | 909

Egypt Secures USD 40M OPEC Fund Loan for Gulf of Suez Wind Farms

Egypt received USD 40M from the OPEC Fund to develop 1.1 GW wind farms in the Gulf of Suez, advancing its renewable energy targets. The USD 1.1B project will supply power to 1.3M homes by 2026.

ACWA Power | December 13, 2024 | By EI News Network | 772