ACWA Power reaches financial close for over 10 projects worth $14b

This is the largest-ever recorded in the company’s history.

This is the largest-ever recorded in the company’s history.

Saudi Arabia-based Masdar has achieved the largest financial closure in the company’s history, reaching financial closure for 10 projects worth over $14b in the past 12 months.

In a statement, ACWA Power said these 10 projects are located in Saudi Arabia, Egypt and Uzbekistan across various portfolios including renewables, water desalination, and green hydrogen.

“It demonstrates our agility, resilience, and unwavering commitment to creating a sustainable future for generations to come. It not only validates our expertise as a developer and operator of strategically vital projects but also speaks highly about the trust our investors and partners place in us,” ACWA Power Chief Financial Officer Abdulhameed Al Muhaidib said.

ALSO READ:ACWA Power partner with 2 Chinese firms for clean energy development

The projects that reach financial close include the $8.5b NEOM Green Hydrogen Project which is the world’s largest utility-scale green hydrogen facility, and the Ar Rass solar PV and the Al Shuaibah 1 and Al Shuaibah 2 solar PV projects in Saudi Arabia.

Projects that also reached financial close were the Bash, Dzhankeldy and Nukus wind projects in Uzbekistan, the Kom Ombo solar project in Egypt, the Shuaibah 3 Independent Water Plant (IWP) and most recently the Rabigh 4 IWP in Yanbu, Saudi Arabia.

ACWA Power

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Power account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit