ACWA Power assets

No. of Assets Total Investment Cost (USD million) Total Investment Cost (SAR million) Contracted Power (MW) Contracted Water (000’ m3/day) Contracted Green Hydrogen (Ktons/annum) BESS MWh (Gross) Operational capacity (MW) Operational capacity (000’ m3/day) Under construction capacity (MW) Under construction capacity (000’ m3/day)
Total operational assets 41 43,748 164,056 27,255 4,684 – – 27,255 4,684
Total assets under Construction & Partially operational 22 28,265 105,993 18,674 2,142 220 1,828 2,742 833 15,932 1,309
Total assets in the advanced development 18 12,726 47,722 9,142 818 3 4,690
GRAND TOTAL PORTFOLIO 81 84,739 317,771 55,071 7,644 223 6,518 29,997 5,517 15,932 1,309

FULLY OPERATIONAL ASSETS

Project Name Country No. of Assets Total Investment Cost (SAR million) ACWA Power Effective ShareACWA Power’s effective share as at 31 December 2023. PowerAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (MW) WaterAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (000’ m3/day) Operational capacityContracted capacity. (MW) Operational capacityContracted capacity. (000’ m3/day) Contract Technology PCOD (Actual/Expected)/Status Control (EAI/SUB)Operational capacity includes fully operational projects and under-construction project’s capacity that has achieved partial commercial operations. Accounting Offtaker
Shuaibah IWPP Saudi Arabia 1 9,188 30.00% 900 880 900 880 PWPA–BOO–20 YR Oil/MSF Q1 2010 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Shuaibah Expansion IWP Saudi Arabia 1 874 30.00% – 150 – 150 WPA–BOO–20 YR SWRO Q4 2009 EAI Operating lease Saudi Water Partnership Co. (SWPC)
Petro‑Rabigh IWSPP Saudi Arabia 1 4,466 99.00% 360 134 360 134 WECA–BOO–25 YR Oil/SWRO Q2 2008 SUB Operating lease Petro‑Rabigh Petrochemical Complex (PRC)
Petro‑Rabigh (Phase 2) IWSPP Saudi Arabia 0 3,689 99.00% 160 54 160 54 WECA–BOO–25 YR Oil/SWRO Q1 2018 SUB Operating lease Petro‑Rabigh Petrochemical Complex (PRC)
Marafiq IWPP Saudi Arabia 1 11,561 20.00% 2,744 800 2,744 800 PWPA–BOOT–20 YR Natural gas/MED Q4 2010 EAI Finance lease Tawreed (a subsidiary of Marafiq)
Rabigh IPP Saudi Arabia 1 9,398 40.00% 1,204 – 1,204 – PPA–BOO–20 YR Oil Q2 2013 EAI Operating lease Saudi Electricity Company (SEC)
Barka 1 IWPP Oman 1 1,556 41.91% 427 91 427 91 PWPA–BOO–18.7 YR Natural gas/MSF Operational when acquired, Acquisition Q3 2010 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
CEGCO Assets Jordan 1 1,759 40.93% 366 – 366 – PPA–BOO–15 YR Natural Gas Operational when acquired, Acquisition Q3 2011 SUB Operating lease National Electric Power Company (NEPCO)
Hajr IPP Saudi Arabia 1 10,219 22.49% 3,927 – 3,927 – PPA–BOO–20 YR Natural Gas Q1 2015 EAI Operating lease Saudi Electricity Company (SEC)
Barka 1 Expansion IWP Oman 1 199 41.91% – 45 – 45 WPA–BOO–8.2 YR SWRO Q2 2014 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Noor I CSP IPP Morocco 1 3,153 73.13% 160 – 160 – PPA–BOOT–25 YR CSP – Parabolic Q1 2016 SUB Finance lease Moroccan Agency for Solar Energy
Bokpoort CSP IPP South Africa 1 1,939 20.40% 50 – 50 – PPA–BOO–20 YR CSP – Parabolic Q1 2016 EAI Operating lease Eskom Holdings
Rabigh 2 IPP Saudi Arabia 1 5,854 50.00% 2,060 – 2,060 – PPA–BOO–20 YR Natural Gas Q1 2018 EAI Operating lease Saudi Electricity Company (SEC)
Kirikkale CCGT IPP Turkey 1 3,488 69.60% 950 – 950 – Merchant market Natural Gas Q3 2017 EAI Operating lease NA (Merchant market)
Khalladi Wind IPP Morocco 1 655 26.01% 120 – 120 – PPA–BOO–20 YR Wind Q2 2018 EAI Operating lease Industrial companies (captive PPAs)
Barka 1 Phase II Expansion IWP Oman 1 298 41.91% – 57 – 57 WPA–BOO–4.25 YR SWRO Q1 2016 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Noor II CSP IPP Morocco 1 4,125 75.00% 200 – 200 – PPA–BOOT–25 YR CSP – Parabolic Q2 2018 SUB Finance lease Moroccan Agency for Solar Energy
Noor III CSP IPP Morocco 1 3,233 75.00% 150 – 150 – PPA–BOOT–25 YR CSP – Tower Q4 2018 SUB Finance lease Moroccan Agency for Solar Energy
Shuaa Energy PV IPP UAE 1 1,222 24.99% 200 – 200 – PPA–BOO–25 YR PV Q1 2017 EAI Finance lease Dubai Electricity and Water Authority (DEWA)
Salalah 2 IPP – Existing Oman 1 629 27.00% 273 – 273 – PPA–BOO–15 YR Natural Gas Operational when acquired, Acquisition Q2 2015 EAI Finance lease Oman Power and Water Procurement Co. (OPWP)
Salalah 2 IPP – Greenfield Oman 1 1,687 27.00% 445 – 445 – PPA–BOO–15 YR Natural Gas Q1 2018 EAI Operating lease Oman Power and Water Procurement Co. (OPWP)
Hassyan IPP UAE 1 12,140 26.95% 2,400 – 2,400 – PPA–BOO–25 YR Natural Gas 23‑Oct‑23 EAI Finance lease Dubai Electricity and Water Authority (DEWA)
Ibri IPP Oman 1 3,683 44.90% 1,509 – 1,509 – PPA–BOO–15 YR Natural Gas Q2 2019 EAI Operating lease Oman Power and Water Procurement Co. (OPWP)
Sohar 3 IPP Oman 1 3,686 44.90% 1,710 – 1,710 – PPA–BOO–15 YR Natural Gas Q2 2019 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Zarqa IPP Jordan 1 1,834 60.00% 485 – 485 – PPA–BOO–25 YR Natural Gas Q3 2018 SUB Operating lease National Electric Power Company (NEPCO)
NOOR PV1 IPP Morocco 3 788 75.00% 135 – 135 – PPA–BOT–20 YR PV Q4 2018 EAI Finance lease Moroccan Agency for Solar Energy
Mafraq PV IPP Jordan 1 265 51.00% 50 – 50 – PPA–BOO–20 YR PV Q4 2018 SUB Operating lease National Electric Power Company (NEPCO)
Shuaibah 2 IWP Saudi Arabia 1 1,155 100.00% – 250 – 250 WPA–BOO–25 YR SWRO Q2 2019 EAI Operating lease Saudi Water Partnership Co. (SWPC)
Risha PV IPP Jordan 1 254 51.00% 50 – 50 – PPA–BOO–20 YR PV Q4 2019 EAI Operating lease National Electric Power Company (NEPCO)
BenBan 1 Egypt 1 281 32.81% 50 – 50 – PPA–BOO–25 YR PV Q3 2019 EAI Operating lease Egyptian Electricity Transmission Company (EETC)
Ben Ban 2 Egypt 1 300 32.81% 50 – 50 – PPA–BOO–25 YR PV Q3 2019 EAI Operating lease Egyptian Electricity Transmission Company (EETC)
Ben Ban 3 Egypt 1 113 18.05% 20 – 20 – PPA–BOO–25 YR PV Q3 2019 EAI Operating lease Egyptian Electricity Transmission Company (EETC)
Salalah IWP Oman 1 600 50.10% – 114 – 114 WPA–BOO–20 YR SWRO Q1 2021 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Sakaka PV IPP Saudi Arabia 1 1,133 70.00% 300 – 300 – PPA–BOO–25 YR PV Q2 2020 EAI Finance lease Saudi Power Procurement Company (SPPC)
Rabigh 3 IWP Saudi Arabia 1 2,576 70.00% – 600 – 600 PWPA–BOO–25 YR SWRO Q4 2021 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Al Dur Phase II IWPP Bahrain 1 4,125 60.00% 1,500 227 1,500 227 PWPA–BOO–20 YR SWRO Q2 2022 EAI Operating lease Electricity and Water Authority (Bahrain)
UAQ IWP UAE 1 2,988 40.00% – 682 – 682 PPA–BOOT–35 YR SWRO Q3 2022 EAI Finance lease Etihad Water and Electricity (EWE)
Ibri 2 PV IPP Oman 1 1,481 50.00% 500 – 500 – PPA–BOO–15 PV Q3 2021 EAI Operating lease Oman Power and Water Procurement Co. (OPWP)
Jazlah IWP Saudi Arabia 1 2,468 40.20% – 600 – 600 WPA–BOO–25 YR SWRO Q1 2023 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Jazan IGCC Saudi Arabia 1 45,000 25.00% 3,800 – 3,800 – PSA–OOT–25 YR Oil Q4 2021 EAI Financing ARAMCO
TOTAL 41 164,056 27,255 4,684 27,255 4,684

UNDER CONSTRUCTION & PARTIALLY OPERATIONAL ASSETS

Project Name Country No. of Assets Total Investment Cost (SAR million) ACWA Power Effective ShareACWA Power’s effective share as at 31 December 2023. PowerAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (MW) WaterAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (000’ m3/day) Green HydrogenAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (Ktons/annum) BESS MWh (Gross) Operational capacityContracted capacity. (MW) Operational capacityContracted capacity. (000’ m3/day) Under construction capacity (MW) Under construction capacity (000’ m3/day) Contract Technology PCOD (Actual/Expected)/Status Control (EAI/SUB)Operational capacity includes fully operational projects and under-construction project’s capacity that has achieved partial commercial operations. Accounting Offtaker
Noor Energy 1 UAE 1 17,145 24.99% 950 – – 717 – 233 – PPA–BOO–35 YR CSP Q1 2024 EAI Operating lease Dubai Electricity and Water Authority (DEWA)
Taweelah IWP UAE 1 3,278 40.00% – 909 – – 833 – 76 WPA–BOO–30 YR SWRO Q1 2024 EAI Finance lease Emirates Water and Electricity Company (EWEC)
DEWA V PV UAE 1 2,108 24.00% 900 – – 900 – – – PPA–BOO–25 YR PV Q1 2024 EAI Operating lease Dubai Electricity and Water Authority (DEWA)
Sirdarya CCGT IPP Uzbekistan 1 3,814 51.00% 1,500 – – – – 1,500 – PPA–BOOT–25 YR Natural Gas Q2 2024 EAI Finance lease National Electric Grid of Uzbekistan (NEGU)
Kom Ombo Egypt 1 683 100.00% 200 – – – – 200 – PPA–BOO–25 YR PV Q1 2024 SUB Operating lease Egyptian Electricity Transmission Company (EETC)
Redstone CSP IPP South Africa 1 2,929 36.00% 100 –  – – – 100 – PPA–BOO–20 YR CSP – Tower Q2 2024 EAI Operating lease Eskom Holdings
Sudair PV IPP Saudi Arabia 1 3,465 35.00% 1,500 – – 1,125 – 375 – PPA–BOO–25 YR PV Q4 2024 EAI Operating lease Saudi Power Procurement Company (SPPC)
The Red Sea Project Saudi Arabia 1 5,966 50.00% 340 33 – 1,228 – – 340 33 25 YR PV, BESS, ICE, RO, district cooling Q3 2024 EAI Finance lease The Red Sea Development Company (TRSDC)
Shuaibah 3 IWP Saudi Arabia 1 3,113 68.00% – 600 – – – – 600 WPA–BOO–25 YR SWRO Q2 2025 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Bash Wind IPP Uzbekistan 1 2,588 100.00% 500 – – – – 500 – PPA–BOOT–25 YR Wind Q1 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Dzhankeldy Wind IPP Uzbekistan 1 2,468 100.00% 500 – – – – 500 – PPA–BOOT–25 YR Wind Q1 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Neom Green Hydrogen Saudi Arabia 1 31,875 33.33% 3,883 – 220 600 – – 3,883 – APA–BOO–30 YR PV+Wind Q3 2026 EAI Operating lease Air Products
Karatau Wind IPP Uzbekistan 1 439 100.00% 100 – – – – 100 – PPA–BOOT–25 YR Wind Q1 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Ar Rass PV IPP Saudi Arabia 1 1,688 40.10% 700 – – – – 700 – PPA–BOO–25 YR PV Q4 2024 EAI Operating lease Saudi Power Procurement Company (SPPC)
Shuaibah 1&2 PV IPP Saudi Arabia 2 8,250 35.01% 2,631 – – – – 2,631 – PPA–BOO–35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Laylaa PV IPP Saudi Arabia 1 400 40.10% 80 – – – – 80 – PPA–BOO–30 YR PV Q2 2027 EAI Operating lease Saudi Power Procurement Company (SPPC)
Rabigh 4 IWP Saudi Arabia 1 2,516 45.00% – 600 – – – – 600 WPA–BOO–25 YR SWRO Q1 2026 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Azerbaijan Wind IPP Azerbaijan 1 1,073 100.00% 240 – – – – 240 – PPA–BOO–20 YR Wind Q3 2024 SUB Operating lease Azerenerji OJSC
Ar Rass 2 PV IPP Saudi Arabia 1 5,299 40.76% 2,000 – – – – 2,000 – PPA–BOO–35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Saad 2 PV IPP Saudi Arabia 1 3,000 50.10% 1,125 – – – – 1,125 – PPA–BOO–35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Al Kahfah PV Saudi Arabia 1 3,900 50.10% 1,425 – – – – 1,425 – PPA–BOO–35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
TOTAL 22 105,993 18,674 2,142 220 1,828 2,742 833 15,932 1,309

ADVANCED DEVELOPMENTAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the  information disclosed in the table maybe subject to change.

Project Name Country No. of Assets Total Investment Cost (SAR million) ACWA Power Effective ShareACWA Power’s effective share as at 31 December 2023. PowerAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (MW) WaterAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (000’ m3/day) Green HydrogenAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (Ktons/annum) BESS MWh (Gross) Contract Technology PCOD (Actual/Expected)/Status Control (EAI/SUB)Operational capacity includes fully operational projects and under-construction project’s capacity that has achieved partial commercial operations. Accounting Offtaker
Kungrad 1 Wind IPP Uzbekistan 1 3,998 100.00% 500 – – 325 PPA–BOOT–25 YR Wind PPA signed SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Kungrad 2 Wind IPP Uzbekistan 1 2,501 100.00% 500 – – 325 PPA–BOOT–25 YR Wind PPA signed SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Kungrad 3 Wind IPP Uzbekistan 1 2,501 100.00% 500 – – 325 PPA–BOOT–25 YR Wind PPA signed SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Suez Wind Egypt 1 5,625 100.00% 1,100 – – – PPA–BOO–25 YR Wind PPA signed SUB Operating lease Egyptian Electricity Transmission Company (EETC)
Saguling Floating PV IPP Indonesia 1 225 100.00% 60 – – – PPA–BOO–25 YR PV PPA signed SUB Operating lease PT Perusahaan Listrik Negara (PLN)
Singkarak Floating PV IPP Indonesia 1 188 100.00% 50 – – – PPA–BOO–25 YR PV Preferred Bidder SUB Operating lease PT Perusahaan Listrik Negara (PLN)
Riverside Solar Uzbekistan 1 2,381 100.00% 400 – – 770 PPA–BOOT–25 YR PV Preferred Bidder SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Sazagan Solar 1 Uzbekistan 1 2,644 100.00% 500 – – 770 PPA–BOOT–25 YR PV PPA signed SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Sazagan Solar 2 Uzbekistan 1 3,229 100.00% 500 – – 770 PPA–BOOT–25 YR PV PPA signed SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Uzbekistan GH2 Uzbekistan 2 375 80.00% 52 – 3 – HPA–BOO–15 years PPA– BOO–25 years Wind PPA signed SUB Operating lease UZKIMYOIMPEKS LLC
Hassyan IWP UAE 1 3,428 40.00% – 818 – – WPA–BOO–30 YR SWRO PPA signed EAI Finance lease Dubai Electricity and Water Authority (DEWA)
Taibah 1 IPP Saudi Arabia 1 6,675 50.00% 1,934 – – – PPA–BOO–25 YR CCGT PPA signed EAI Finance lease Saudi Power Procurement Company (SPPC)
Qassim 1 IPP Saudi Arabia 1 6,619 50.00% 1,896 – – – PPA–BOO–25 YR CCGT PPA signed EAI Finance lease Saudi Power Procurement Company (SPPC)
Nukus 2 Wind IPP Uzbekistan 1 985 100.00% 200 – – 139 PPA–BOO–25 YR WInd HPA/PPA signed SUB Operating lease NEGU
Gijduvan Wind IPP Uzbekistan 1 1,349 100.00% 300 – – – PPA–BOO(T)–25 YR WInd WPA transpose SUB Operating lease NEGU
Kungrad 4 Wind IPP Uzbekistan 1 2,188 100.00% 500 – – – PPA–BOO(T)–25 YR WInd PPA signed SUB Operating lease NEGU
Dao South Africa 1 2,813 50.00% 150 – – 1,266 PPA–BOO–20 YR PV PPA signed EAI Operating lease Eskom Holding
TOTAL 18 47,722 9,142 818 3 4,690

Source: Company information.