Saudi’s ACWA Power leading the global awakening towards a greener future – ArabianBusiness
- Date: 14-Apr-2022
- Source: Arabian Business
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi’s ACWA Power leading the global awakening towards a greener future – ArabianBusiness
Whether it’s because of coronavirus or the increased occurrences of climate-related disasters over the past two years, there is a heightened urgency across the globe on the need for action to preserve the planet for future generations.
The portfolio of the Saudi-based ACWA Power, whose legacy stretches closes to nearly two decades, comprises 64 assets in operation, advanced development, or construction with a total investment cost of SAR 251.7 billion (USD 67.1 billion), with capacity to generate 42.7 GW of power and produce 6.4 million m3/day of desalinated water per day.
What began as Arabian Company for Water and Power Projects in 2004 transitioned into International Company for Water and Power Projects, or ACWA Power, in 2008, a powerhouse whose very ethos is around reliably and responsibly delivering power and desalinated water at low cost and that saw the value and importance of renewable energy early on – and has not looked back since.
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