energy transition takes ambition
energy transition takes ambition
In this historic year marking ACWA Power’s twentieth anniversary, we reached many remarkable milestones signifying unparalleled success in terms of both performance and growth.
Mohammad Abunayyan
Mohammad Abunayyan
Mohammad A.
Abunayyan
Founder and Chairman
of the Board of Directors
Mohammad A.
Abunayyan
Founder and Chairman
of the Board of Directors
energy transition takes ambition
The year 2023 stands out as a historic waypoint in ACWA Power’s rapid journey, as we achieved a record-breaking feat in the growth of our business.
Marco Arcelli
Marco Arcelli
Marco
Arcelli
CEO
Marco
Arcelli
CEO
energy transition takes ambition

From a startup 20 years ago, we are now the world’s largest private desalination company, the first mover in green hydrogen and a leader in energy transition

81 assets
at a total investment cost SAR 317.8 billion (USD 84.7 billion) in 12 countries
55 GW
gross power generation capacity — 44.5% from renewables
7.6 million m3/day
desalinated water
energy transition takes ambition

We are realising the Saudi Vision 2030 in partnership with PIF, and working with governments across MENA and Asia to decarbonise

In 2023
ACWA Power had
12 financial closes
worth around SAR 59 billion
energy transition takes ambition
We are harnessing, and protecting nature

KSA and the countries where we operate have an abundance of sun, wind, seawater and affordable land. ACWA Power is harnessing these elements and contributing to biodiversity

Accumulative trees planted by Acwa Power
208,560
energy transition takes ambition
We are continuously at the forefront of world-leading technologies

ACWA Power is working with universities and startups around the world and fostering a knowledge base to drive innovation and new technologies

In 2023, we filed
15 patents
and we have 36 live
innovation projects
energy transition takes ambition
We’re ambitious people

Following a record performance in 2023, we chose not to merely maintain our momentum but to accelerate while at our best, aiming to triple our assets under management by 2030

ACWA Power 2.0 is the next stage in our exciting journey towards being a global leader in energy transition.

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