A HISTORY OF AMBITION
During our first 20 years, ACWA Power’s drive and ingenuity have broken world records repeatedly in renewables and water desalination, in terms of both project scale and tariffs, thus realising our ambition to be a leader in energy transition at home and beyond.
2004-
2010
2010
2010-
2018
2018
2018-
2023
2023
IPO
Acwa 2.0
- IPPs and IWPs in the Kingdom
- Five projects in the Kingdom
- Introduction of reverse osmosis in water desalination
- Ramping up projects and operations in the Kingdom
- Development of large scale renewable projects: CSP, PV, wind
- Set a new global benchmark for lowest renewable tariff
- Expansion into 11 countries(Greenfield/acquisitions)
- Elimination of coal
- Breaking tariff records repeatedly (in renewables and water desalination)
- Giga Projects (Development of green hydrogen in Neom and multi-utilities at Red Sea)
- Innovation and R&D
A world leader in renewables, water desalination and green hydrogen.