TAG: "Marco Arcelli"

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ACWA Power and L&T Sign MoU for Renewables and Grid Scope of Yanbu Green Hydrogen Hub

Larsen & Toubro’s renewables vertical has signed an MoU with ACWA Power to collaborate on the renewables and grid scope of the Yanbu Green Ammonia Project in Saudi Arabia, integrating solar, wind, and storage solutions.

Marco Arcelli | September 24, 2025 | By Mrinmoy Dey |  501

ACWA Power Forms Strategic Partnerships in Malaysia in the Renewable Energy Sector

ACWA Power has signed a Memorandum of Understanding with the Malaysian Investment Development Authority (MIDA) and Strategic Partnership Agreements with key entities including Tenaga Nasional Berhad (TNB), Terengganu Inc., and UEM Lestra to jointly develop up to 12.5 GW of power generation capacity by 2040.

Marco Arcelli | June 03, 2025 | By Mrinmoy Dey |  904

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.

Marco Arcelli | January 15, 2025 | By EI News Network |  1455

ACWA Power Partners with Itochu for Global Renewable Energy Projects

Saudi Arabia’s ACWA Power and Japan’s Itochu Corporation have signed an MoU at COP29 to collaborate on renewable energy and environmental infrastructure, focusing on green hydrogen and water desalination to accelerate global energy transition and sustainability goals.

Marco Arcelli | November 22, 2024 | By EI News Network |  1564

Masdar, SOCAR Green and ACWA Power Join Hands to Develop 3.5 GW Offshore Wind Projects in Azerbaijan

Abu Dhabi-based renewable energy company Masdar has signed an MoU with Saudi-based ACWA Power and SOCAR Green, a subsidiary of Azerbaijan's state oil company SOCAR to develop 3.5 GW of offshore wind projects in the Azerbaijan section of the Caspian Sea. It would be the country’s first offshore wind farm.

Marco Arcelli | November 15, 2024 | By Mrinmoy Dey |  1206

ACWA Power Reports Strong Financial Results

ACWA Power reported a 16 percent rise in net profit for the nine months ending September 30, 2024, driven by increased operating income and significant project mobilisation. The company expanded its global portfolio with new agreements in Uzbekistan, Saudi Arabia, and the UAE, further solidifying its role in the energy and water sectors.

Marco Arcelli | November 08, 2024 | By EI News Network |  1210

ACWA Power and Partners Secure Financial Close on Solar Projects

Acwa Power, alongside Badeel and Saudi Aramco Power Co., has secured USD 3.2 billion in funding for solar projects in Saudi Arabia. The financing will support the Haden, Muwayh, and Al Khushaybi plants, with a total capacity of 5.5 GW, expected to begin commercial operations in Q1 2027.

Marco Arcelli | October 02, 2024 | By EI News Network |  1261

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