ACWA Power

Last updated
ACWA Power
Company typePrivate company
IndustryElectricity
Founded2004
Headquarters,
Saudi Arabia
Key people
ProductsElectric power
water
Number of employees
4,000
Website acwapower.com

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants with a presence in 13 countries across the Middle East, Africa, and central and southeast Asia. ACWA Power's portfolio of projects in operation and development has an investment value of USD 85.7 billion, and a capacity of 55.1 GW of power and 8 million m3/day of desalinated water. [1]

Contents

Its energy portfolio includes thermal power plants, [2] solar power plants (photovoltaic (PV) and concentrated solar power (CSP)), [3] wind, [4] water desalination plants, [5] and green hydrogen projects. [6] [7]

Background

Headquartered in Saudi Arabia, ACWA Power maintains regional offices in Riyadh, Jeddah, Dubai, Baku, Beijing, Cairo, Addis Abbaba, Jakarta, Amman, Rabat, Muscat, Johannesburg, Istanbul, Tashkent, and Hanoi. [8] It invests in, develops, co-owns and operates a portfolio of 82 projects with the capacity to generate 55.1 GW of power and produce 8 million m3/day of desalinated water. [1] ACWA Power and its subsidiary operating companies employ around 4,000 people in projects in 13 different countries. [9]

Structure

ACWA Power's board of directors is chaired by Mohammad Abdullah Abunayyan, [10] with Raad Al Saady as its Vice Chairman and Managing Director, [11] and Marco Arcelli as its CEO. [12]

History

In 2002, the Government of Saudi Arabia changed the regulations so that the private sector was permitted to own and operate utilities such as water and power plants. The company was originally founded in 2004 as ACWA Power Projects, a joint venture between ACWA Holding (representing the Abunayyan Holding Company and Al-Muhaidib, today known as Vision International Investment Company) and the MADA Group for Industrial and Commercial Development (today known as Al Rajhi Group Holding) to take advantage of these new private sector investment and operation opportunities in the Saudi Arabian market. The company was reorganised in 2006 in its current legal form as ACWA Power Company. [13] From 2004 to 2011, ACWA Power focused primarily on Saudi Arabia, and was awarded contracts for several thermal power projects – including the Shuaibah IWPP, Shuqaiq 2 IWPP, Rabigh IPP and Marafiq IPP. [14] [15] [16] [17] The company began international expansion in 2011 with the acquisition of Central Electricity Generating Company (CEGCO) in Jordan, and the signature of a joint development agreement for the Kirikkale Combined Cycle Gas Turbine project in Turkey, which subsequently won backing from the European Bank for Reconstruction and Development (EBRD). [18] [19] [20] [21] The company has since expanded to presently 13 countries covering the Middle East, Africa, Central Asia and Asia. [22]

The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, acquired a 15% stake in ACWA Power in 2018, and has since increased that to the current 44% shareholder. [23]

Northern Cape Premier Mrs Sylvia Lucas visits Bokpoort CSP apprentices to get feedback on Apprenticeship Program 20160226 110259 Northern Cape Premier&Apprentices.jpg
Northern Cape Premier Mrs Sylvia Lucas visits Bokpoort CSP apprentices to get feedback on Apprenticeship Program

Sakaka IPP, Saudi Arabia

Bokpoort Independent Power Project, South Africa

Noor I, II, III, IV Ouarzazate, Morocco

The Noor solar complex with 510 MW solar CSP and 135 MW solar PV capacity near Ouarzazate, Morocco, was the largest CSP complex in the world in 2019. [35]

Sheikh Mohammed bin Rashid al-Maktoum Solar Park, Dubai

Redstone Solar Thermal Power Project, South Africa

The Red Sea Project, Saudi Arabia

Taweelah IWP, UAE

Hassyan IWP, UAE

Neom Green Hydrogen Project

Uzbekistan Green Hydrogen

Related Research Articles

<span class="mw-page-title-main">Water supply and sanitation in Saudi Arabia</span>

Water supply and sanitation in Saudi Arabia is characterized by challenges and achievements. One of the main challenges is water scarcity. In order to overcome water scarcity, substantial investments have been undertaken in seawater desalination, water distribution, sewerage and wastewater treatment. Today about 50% of drinking water comes from desalination, 40% from the mining of non-renewable groundwater and only 10% from surface water in the mountainous southwest of the country. The capital Riyadh, located in the heart of the country, is supplied with desalinated water pumped from the Persian Gulf over a distance of 467 km. Water is provided almost for free to residential users. Despite improvements, service quality remains poor, for example in terms of continuity of supply. Another challenge is weak institutional capacity and governance, reflecting general characteristics of the public sector in Saudi Arabia. Among the achievements is a significant increases in desalination, and in access to water, the expansion of wastewater treatment, as well as the use of treated effluent for the irrigation of urban green spaces, and for agriculture.

DESERTEC is a non-profit foundation that focuses on the production of renewable energy in desert regions. The project aims to create a global renewable energy plan based on the concept of harnessing sustainable powers, from sites where renewable sources of energy are more abundant, and transferring it through high-voltage direct current transmission to consumption centers. The foundation also works on concepts involving green hydrogen. Multiple types of renewable energy sources are envisioned, but their plan is centered around the natural climate of the deserts.

<span class="mw-page-title-main">Concentrated solar power</span> Use of mirror or lens assemblies to heat a working fluid for electricity generation

Concentrated solar power systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight into a receiver. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine connected to an electrical power generator or powers a thermochemical reaction.

Morocco's energy policy is set independently by two agencies of the government: the Office of Hydrocarbons and Mining (ONHYM) which sets domestic oil policy, and the Office National de l'Electricité (ONE), which sets policy with regard to electricity. The two major weaknesses of the energy policy of Morocco are the lack of coordination between these two agencies and the lack of development of domestic energy sources.

<span class="mw-page-title-main">Solar power in South Africa</span> Overview of the use of solar power in South Africa

Solar power in South Africa includes photovoltaics (PV) as well as concentrated solar power (CSP). As of July 2024, South Africa had 2,287 MW of installed utility-scale PV solar power capacity in its grid, in addition to 5,791 MW of rooftop solar and 500 MW of CSP. Installed capacity is expected to reach 8,400 MW by 2030.

<span class="mw-page-title-main">Solar power in Morocco</span>

Solar power in Morocco is enabled by the country having one of the highest rates of solar insolation among other countries— about 3,000 hours per year of sunshine but up to 3,600 hours in the desert. Morocco has launched one of the world’s largest solar energy projects costing an estimated $9 billion. The aim of the project was to create 2,000 megawatts of solar generation capacity by 2020. The Moroccan Agency for Solar Energy (MASEN), a public-private venture, was established to lead the project. The first plant, Ouarzazate Solar Power Station, was commissioned in 2016.

<span class="mw-page-title-main">Solar power in Saudi Arabia</span>

Solar power in Saudi Arabia has become more important to the country as oil prices have risen. In 2021, 60.89% of energy consumed was produced by burning oil. The Saudi agency in charge of developing the nations renewable energy sector, Ka-care, announced in May 2012 that the nation would install 41 gigawatts (GW) of solar capacity by 2032. It was projected to be composed of 25 GW of solar thermal, and 16 GW of photovoltaics. At the time of this announcement, Saudi Arabia had only 0.003 gigawatts of installed solar energy capacity. A total of 54 GW was expected by 2032, and 24 GW was expected in 2020, which was never reached. 1,100 megawatts (MW) of photovoltaics and 900 megawatts of concentrated solar thermal (CSP) was expected to be completed by early 2013. Also in 2013, solar power in Saudi Arabia had achieved grid parity and was able to produce electricity at costs comparable to conventional sources.

<span class="mw-page-title-main">Ouarzazate Solar Power Station</span> Concentrated solar power station in Drâa-Tafilalet, Morocco

Ouarzazate Solar Power Station (OSPS), also called Noor Power Station is a solar power complex and auxiliary diesel fuel system located in the Drâa-Tafilalet region in Morocco, 10 kilometres (6.2 mi) from Ouarzazate town, in Ghessat rural council area. At 510 MW, it is the world's largest concentrated solar power (CSP) plant. With an additional 72 MW photovoltaic system the entire project was planned to produce 582 MW. The total project's estimated cost is around $9 billion.

The Dubai Electricity and Water Authority (DEWA) (هيئة كهرباء ومياه دبي) is a public service infrastructure company that was founded on 1 January 1992 by Sheikh Maktoum bin Rashid Al Maktoum.

Shuqaiq 2 IWPP (Independent Water and Power Project) is an integrated water and power plant project in Shuqaiq, Saudi Arabia. Construction of Shuqaiq 2 IWPP began in 2007 and achieved commercial operation in 2010. The project's power and desalination units are located adjacent to the existing Shuqaiq 1 power and desalination complex, 105 km south of Abha and 140 km north of Jizan, on the south-western (Red Sea) coast of Saudi Arabia.

<span class="mw-page-title-main">Bokpoort CSP</span> Concentrated solar power (CSP) thermal energy

Bokpoort CSP is a concentrated solar power (CSP) thermal energy power plant, located near Groblershoop in the Northern Cape province of South Africa. The project was procured pursuant to the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) initiated by the South African Department of Energy.

<span class="mw-page-title-main">Solar power in the United Arab Emirates</span>

While being a major oil producing country, the United Arab Emirates (UAE) has taken steps to introduce solar power on a large scale. However, solar power still accounts for a small share of energy production in the country. The country was the 6th top carbon dioxide emitter per capita in the world in 2009, with 40.31 tonnes, but is planning to generate half of its electrical energy by 2050 from solar and nuclear sources, targeting 44% renewables, 38% gas, 12% coal, and 6% nuclear energy sources.

<span class="mw-page-title-main">Mohammed bin Rashid Al Maktoum Solar Park</span> Solar park in the Emirate of Dubai

Mohammed bin Rashid Al Maktoum Solar Park is a solar park spread over a total area of 77 km2 (30 sq mi) in Saih Al-Dahal, about 50 km (31 mi) south of the city of Dubai in the United Arab Emirates (UAE).

Redstone Solar Thermal Power (RSTP) is a solar power tower with molten salt energy storage, located in Postmasburg, near Kimberley, in the Northern Cape Region of South Africa. Redstone will have a capacity of 100 megawatts (MW) to deliver power to 200,000 people and was awarded in bid window 3.5 of the REIPPP at a strike price of 122.3 ZAR/KWh including time of day pricing in 2015. The project was initially based on the technology of now bankrupt Solar Reserve, but was delayed for several years because the PPA was not signed by Eskom until 2018. After the project was revived the plant is now under construction and the technology will be provided by Brightsource and John Cockerill, as demonstrated in the Noor Energy 1 project in the UAE.

The desert-covered Kingdom of Saudi Arabia is the geographically largest country in the Middle East. Moreover, it accounts for 65% of the overall population of the GCC countries and 42% of its GDP. Saudi Arabia does not have a strong history in environmentalism. Thus, as the number of population increases and the industrial activity grows, environmental issues pose a real challenge to the country.

Abdul Latif Jameel is a family-owned diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel (1909–1993). Operating across seven core business sectors, Abdul Latif Jameel has a presence in over 30 countries across six continents.

<span class="mw-page-title-main">Neom</span> Future city in Tabuk, Saudi Arabia

Neom is an urban area being built by Saudi Arabia in Tabuk Province. Launched in 2017 by crown prince Mohammad bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of Aqaba and south of Jordan. The total planned area of Neom is 26,500 km2 (10,200 sq mi). Multiple regions are planned, including a floating industrial complex, global trade hub, tourist resorts and a linear city powered by renewable energy sources.

References

  1. 1 2 Benny, John (2023-11-30). "Saudi Arabia's Acwa Power seeks development partners to invest in Africa projects". The National. Retrieved 2023-12-11.
  2. "Saudi ACWA Power's assets expected to reach $230bn by 2030: CEO". Arab News. November 3, 2022.
  3. "Saudi Arabia's ACWA Power shifts toward renewable energy". Reuters. October 22, 2014.
  4. "ACWA Power installs first wind turbine in Uzbekistan". Arab News. August 9, 2023.
  5. "Saudi Arabia's Acwa Power to develop $677.3 million desalination project on Red Sea coast". The National. April 14, 2023.
  6. "Saudi Arabia's Acwa Power Eyes Three More Giant Hydrogen Plants". Bloomberg. March 2, 2023.
  7. "Company Overview of ACWA Power International". Bloomberg L.P. Retrieved 23 August 2023.
  8. "Locations and Addresses". ar2022.acwapower.com.
  9. "Financial Results Announcement and Conference Call For the six-month period ended 30 June 2023" (PDF). ACWA Power. June 2023.
  10. "ACWA Power re-appoints Mohammad Abunayyan as Chairman till 2025". Arab News. January 17, 2022.
  11. "Who's Who: Raad Al-Saady, vice chairman and managing director of Saudi Arabia's ACWA Power". Arab News. April 6, 2023.
  12. "Saudi Arabia's Acwa Power appoints Marco Arcelli as CEO". The National. March 21, 2023.
  13. "ACWA Power: Born Saudi, growing globally". The European. 8 January 2015. Retrieved 3 March 2016.
  14. "A consortium of ACWA Power Projects, Gulf Investment Corporation and Mitsubishi Corporation selected preferred bidder for Shuqaiq power and water project". Al Bawaba. Al Bawaba (Middle East) Ltd. 11 November 2006. Retrieved 17 March 2016.
  15. Haitham, Haddadin (11 November 2006). "Mitsubishi, GIC and ACWA selected for Saudi project". Reuters UK. Thomson Reuters. Archived from the original on June 29, 2016. Retrieved 17 March 2016.
  16. Staff Report (1 March 2007). "Consortium signs deals for Saudi power plant". Gulf News. Al Nisr Publishing LLC 2016. Retrieved 17 March 2016.
  17. "Key Shuqaiq agreements signed". MEED. EMAP Publishing Limited. 2 March 2007. Retrieved 17 March 2016.
  18. Sambidge, Andy (4 June 2011). "Saudi firm buys stake in Jordan's largest power generator". Arabian Business. Arabian Business Publishing Ltd. Retrieved 17 March 2016.
  19. Davids, Gavin (5 June 2011). "ACWA Power acquires $144m stake in Jordan's CEGCO". ConstructionWeekOnline.com. ITP Business Publishing Ltd. Retrieved 17 March 2016.
  20. "Saudi's Acwa buys key stake in Jordan firm". Trade Arabia. 22 August 2011. Retrieved 17 March 2016.
  21. Rosca, Olga. "ACWA Power's US$ 1 billion power plant in Turkey wins EBRD support". The European Bank for Reconstruction and Development (EBRD). Retrieved 17 March 2016.
  22. "Saudi Arabia's ACWA Power Co". 2024-06-11. Retrieved 2024-06-13.
  23. "Saudi fund raises ownership stake in ACWA Power to 50%". Arab News. 2020-11-20. Retrieved 2020-11-20.
  24. 1 2 ROSCOE, ANDREW (2018-02-07). "Acwa Power awarded Saudi Arabia's first major solar project". www.meed.com.
  25. "Saudi Arabia awards ACWA Power its first 300 MW solar PV project". Al Arabiya. 2018-02-06.
  26. Asaba, Baset (15 March 2016). "ACWA power inaugurates first CSP in South Africa". ArabianIndustry.com. ITP Publishing Ltd. Retrieved 9 May 2016.
  27. "CSP plant illuminates Bokpoort community at official inauguration". ESI-Africa.com. ESIAfrica_CSPplantilluminatesBokpoortcommunityatofficialinauguration. 15 March 2016. Retrieved 9 May 2016.
  28. "ACWA's Solar power project in South Africa inaugurated". tradearabia.com. 15 March 2016. Retrieved 9 May 2016.
  29. Moyo, Admire (16 March 2016). "SA lights up R5bn solar plant". ITWeb. ITWeb Limited. Retrieved 9 May 2016.
  30. "R5 Billion Solar Plant Opens in Northern Cape". allAfrica.com. SAnews. 15 March 2016. Retrieved 9 May 2016.
  31. Dludla, Nqobile (14 March 2016). "South Africa turns on Saudi-built solar to cut coal reliance". Reuters. Thomson Reuters. Archived from the original on 16 March 2016. Retrieved 9 May 2016.
  32. "South Africa turns on Saudi-built solar to cut coal reliance". GulfNews. Al Nisr Publishing LLC. 14 March 2016. Retrieved 9 May 2016.
  33. Bernardo, Carla (14 March 2016). "SA, Saudi Arabia launch R5bn solar plant | IOL". IOL. Retrieved 9 May 2016.
  34. "Saudi firm to invest R35bn in South African energy projects". Business Day Live. 15 March 2016. Retrieved 9 May 2016.
  35. Nicki Shields and James Masters (6 February 2019). "Morocco in the fast lane with world's largest concentrated solar farm". CNN. Retrieved 2021-04-24.
  36. Graves, LeAnne (13 January 2015). "Acwa wins €1.7bn Moroccan solar power deals". The National. Retrieved 1 May 2016.
  37. Roca, Marc (12 January 2015). "Morocco Awards Largest Solar Thermal Power Plants to ACWA, Sener". Bloomberg.com. Bloomberg. Retrieved 1 May 2016.
  38. "Saudi's ACWA Power wins $2bn Morocco solar power deal". Arabian Business. Arabian Business Publishing Ltd. 10 January 2015. Retrieved 1 May 2016.
  39. El Yaakoubi, Aziz (4 February 2016). "Morocco starts production at 160 MW solar plant| Agricultural Commodities". Reuters. Thomson Reuters. Archived from the original on 29 June 2016. Retrieved 8 May 2016.
  40. "Morocco launches first solar power plant". Al Arabiya. Al Arabiya. 5 February 2016. Retrieved 1 May 2016.
  41. "Ceremony in Morocco marks progress on 500MW solar park". The National. The National. 4 February 2016. Retrieved 1 May 2016.
  42. Louis Boisgibault, Fahad Al Kabbani (2020): Energy Transition in Metropolises, Rural Areas and Deserts. Wiley - ISTE. (Energy series) ISBN   9781786304995.
  43. Graves, LeAnne (3 December 2014). "Saudi firm outbids rivals for second phase of Mohammed bin Rashid Al Maktoum solar park". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  44. Narayanan, Archana; French, David (15 January 2015). "Dubai utility DEWA names preferred bidder for upsized solar plant". Reuters. Thomson Reuters. Archived from the original on 29 June 2016. Retrieved 2 May 2016.
  45. Narayanan, Archana (15 January 2015). "Saudi's ACWA Power, Spain's TSK to build $327 mln Dubai solar plant". Reuters. Thomson Reuters. Archived from the original on 10 July 2015. Retrieved 8 May 2016.
  46. Graves, LeAnne (15 January 2015). "Tender for second phase of Mohammed bin Rashid Solar Park in Dubai won by Saudi consortium". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  47. Abbas, Waheed (15 January 2015). "Dewa awards Dh1.2bn solar plant contract". Emirates 247. Dubai Media Incorporated. Retrieved 8 May 2016.
  48. Graves, LeAnne (18 January 2015). "UAE beats renewables cost hurdle with world's cheapest price for solar energy | The National". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  49. DiPaola, Anthony (15 January 2015). "Dubai Doubling Size of Power Plant to Make Cheapest Solar Energy". Bloomberg.com. Bloomberg. Retrieved 8 May 2016.
  50. "DEWA selects Saudi ACWA and Spain's TSK for the project with the world's lowest LCOE". Al Bawaba. Al Bawaba. 15 January 2015. Retrieved 8 May 2016.
  51. Todorova, Vesela (15 January 2015). "Planned Dubai solar power park to double output to 200 megawatts". The National. Abu Dhabi Media. Retrieved 8 May 2016.
  52. "Dubai doubles capacity of mega Solar Park". GulfNews. Al Nisr Publishing LLC. 15 January 2015. Retrieved 8 May 2016.
  53. "Acwa Power gets $344 million loan for Dubai solar project". The National. Abu Dhabi Media. 1 March 2015. Retrieved 8 May 2016.
  54. Carvalho, Stanley (1 March 2015). "Saudi's ACWA Power gets $344 mln loan for Dubai solar project". Reuters. Thomson Reuters. Retrieved 8 May 2016.
  55. Pieri, Alexander (29 March 2015). "DEWA partners with ACWA Power for 200MW PV plant". Construction Week. ITP Digital Ltd. Retrieved 8 May 2016.
  56. "DEWA signs agreements for second-phase 200MW PV plant at Mohammed bin Rashid Al Maktoum Solar Park". WAM. Emirates News Agency. 26 March 2015. Archived from the original on 7 August 2016. Retrieved 8 May 2016.
  57. "UAE DEWA, ACWA Power led consortium sign PPA". AMEInfo. Mediaquest FZ LLC. 28 March 2015. Retrieved 8 May 2016.
  58. "ACWA Power led consortium signs PPA with Dubai Electricity & Water Authority for the 260 MWp Solar PV IPP; Phase II of the Mohammed bin Rashid Solar Park in Dubai". Zawya. Thomson Reuters. 26 March 2015. Retrieved 8 May 2016.
  59. Jenkins, Siona (31 March 2015). "Falling cost of solar offers solace after halving of oil price". Financial Times. The Financial Times Ltd. Retrieved 8 May 2016.
  60. "Dewa signs agreements for second-phase 200MW PV plant at Mohammed bin Rashid Al Maktoum Solar Park". GulfNews. Al Nisr Publishing LLC. 26 March 2015. Retrieved 8 May 2016.
  61. "Saudi-led consortium, DEWA complete financing for Dubai solar park". Reuters. 2019-03-24.
  62. Cabral, Alvin R.; Benny, John. "Sheikh Mohammed inaugurates world's largest concentrated solar power project in Dubai". The National. Retrieved 2024-09-10.
  63. "ACWA Power extends its Leadership in Solar Power with 100MW Redstone Project, a USD 1.2 Billion investment". AMEInfo. Mediaquest FZ LLC. 11 January 2015. Retrieved 9 May 2016.
  64. Laganparsad, Monica (18 January 2015). "Sun plus salt to the rescue of national grid". Sunday Times. Times Media Group. Retrieved 9 May 2016.
  65. "SA to get two new major solar plants". businesstech.co.za. BusinessTech. 17 January 2015. Retrieved 9 May 2016.
  66. "5 Things you need to Know about South Africa's Redstone Thermal Power Project". African Business Review. 9 January 2015. Retrieved 9 May 2016.
  67. Goenka, Himanshu (30 October 2015). "Financing secured for South Africa's Redstone project". African Review. Alain Charles Publishing Ltd. Retrieved 9 May 2016.
  68. "South Africa: Funds Secured for Landmark SA Solar Facility". allAfrica.com. AllAfrica. 21 October 2015. Retrieved 9 May 2016.
  69. AGUINALDO, JENNIFER (2020-11-16). "Acwa Power wins Red Sea utilities contract". www.meed.com.
  70. "Red Sea solar and battery project to feature 1,300MWh of energy storage". 20 October 2021.
  71. 1 2 "ACWA Power-led JV secures $1.33 bln for Red Sea project utilities". Reuters. 2021-12-21.
  72. "Inside Saudi Arabia's Red Sea: Everything you need to know - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com. 2022-12-07. Retrieved 2024-09-10.
  73. Mansoor, Zainab (2022-02-24). "ACWA Power led consortium achieves financial close for Red Sea Project" . Retrieved 2024-09-10.
  74. "Red Sea Global and ACWA Power create more than 20 acres of new wetlands in line with Saudi Arabia's climate action". www.redseaglobal.com. 2023-12-04.
  75. "ACWA Power wins Abu Dhabi's Al Taweelah desalination plant deal". ArgaamPlus. Retrieved 2024-09-10.
  76. Saundalkar, Jason (2019-09-12). "EWEC and ACWA sign deal for $890m Taweelah desalination plant". Middle East Construction News. Retrieved 2024-09-10.
  77. Cabral, Alvin R. "Ewec and Acwa Power start operations at major water desalination plant in Abu Dhabi". The National. Retrieved 2024-09-10.
  78. "ACWA Power and EWEC starts operations for 1st phase of world's largest water desalination plant". 2022-06-25. Retrieved 2024-09-10.
  79. "EWEC's Taweelah desalination plant sets global record - Utilities Middle East". 26 May 2023.
  80. "Taweelah Reverse Osmosis facility reaches 90 per cent capacity". 25 May 2023.
  81. 1 2 "World-record tariff rate helps ACWA Power win contract for new Dubai desalination plant". Arab News. 2023-08-18. Retrieved 2024-09-10.
  82. Muzoriwa, Kudakwashe (2023-08-17). "DEWA picks ACWA Power to build Hassyan water plant" . Retrieved 2024-09-10.
  83. "DEWA picks ACWA Power to develop Phase I of Hassyan IWP project". ArgaamPlus. Retrieved 2024-09-10.
  84. "ACWA Power signs SAR 3.4 bln water purchase agreement with DEWA". ArgaamPlus. Retrieved 2024-09-10.
  85. Martin, Polly (2023-05-22). "Neom formally reaches FID on giant green hydrogen complex as partners ink financing deals worth $8.4bn". hydrogeninsight.com. Retrieved 2024-09-10.
  86. "Construction of Neom green hydrogen plant progresses - report". renewablesnow.com.
  87. Patel, Sonal (2024-04-04). "ACWA Power: Crossroads for Exponential Growth in Power and Water". POWER Magazine. Retrieved 2024-06-13.
  88. Nagraj, Aarti (2023-05-22). "Neom Green Hydrogen Energy Company closes $8.4bn in investment deals for plant". The National. Retrieved 2024-06-13.
  89. "Air Products, ACWA Power & NEOM sign agreement for production facility". www.neom.com. Retrieved 2024-06-13.
  90. "$name". www.airproducts.com. Retrieved 2024-06-13.
  91. "Saudi developer breaks ground on first green hydrogen project in Uzbekistan". 28 November 2023.
  92. uz, Daryo. "Uzbekistan implements $62mn investment project for green hydrogen production". Daryo.uz. Retrieved 2024-06-13.
  93. Reporter, Staff (2023-05-22). "ACWA Power inks deal for Uzbekistan wind, green hydrogen projects". Asian Power. Retrieved 2024-06-13.
  94. uz, Kun. "ACWA Power to build "green" hydrogen production plant in Chirchik by December". Kun.uz. Retrieved 2024-06-13.
  95. "Pilot Uzbek Green Hydrogen Project". www.ebrd.com. Retrieved 2024-06-13.