ACWA Power drives global energy innovation, delivering sustainable power, water desalination, and green hydrogen. It advances Saudi Arabia’s Vision 2030, tackling climate change and enhancing energy access worldwide.
Pioneering Sustainable
At a time when energy efficiency and sustainability are critical, ACWA Power emerges as a leader in the global energy landscape. As a developer, owner, and operator of power generation, water desalination, and green hydrogen plants, ACWA Power is committed to driving a low-carbon, sustainable future, and playing a key role in the realisation of Saudi Arabia’s Vision 2030 programme. The company’s mission is simple yet profound: to deliver electricity and desalinated water reliably, responsibly, and affordably, while contributing to the sustainable development of communities.
Saudi Arabia is shifting its focus towards renewable energy, aligning with global trends that call for cleaner, more sustainable power sources. ACWA Power is at the heart of this transformation, leading large-scale renewable projects that leverage the country’s abundant natural resources. The company is heavily invested in solar and wind power, which form the backbone of its renewable energy portfolio. In 2023 alone, ACWA Power added 7.1 GW of renewable capacity, nearly doubling its flexible generation energy additions for the same period.
Leading in Innovation
A central theme in ACWA Power’s operations is innovation. The company’s renewable energy projects, such as wind farms in Egypt, Uzbekistan, and Azerbaijan, represent the pinnacle of modern engineering and energy production techniques. By incorporating advanced battery storage systems, like those seen in Uzbekistan, ACWA Power ensures that renewable energy can be stored and utilised efficiently, even in regions where conventional energy storage has been a challenge. As one of the largest operators of storage solutions, ACWA Power manages almost 20 GWh between Battery Energy Storage Systems (BESS) and Concentrated Solar Power (CSP).
In addition to renewable energy, ACWA Power is leading the charge in green hydrogen production, with its flagship project, the NEOM Green Hydrogen plant, set to become the world’s largest of its kind. This ambitious venture is designed to produce 1.2 million tonnes of green ammonia annually, equivalent to 600 tonnes of green hydrogen per day1 – helping to decarbonise industries that have traditionally been difficult to shift away from fossil fuels. Once completed, the NEOM project will mitigate millions of metric tonnes of carbon emissions annually and position Saudi Arabia as a global leader in green hydrogen technology.
Water scarcity is another critical issue ACWA Power is tackling head-on. As the world’s largest private water desalination company, ACWA Power operates 16 desalination plants across four countries, including the world’s largest reverse osmosis plant, Taweelah in Saudi Arabia, with a capacity of 909,000 m³/day. These facilities are vital in providing fresh water to regions facing severe water shortages, with the Rabigh 4 IWP Project expected to enhance water security further by 2026.
A Visionary Strategy for the Future
As we look to the future, it’s clear that ACWA Power is more than just an energy company. Through its innovative approach to renewable energy, water desalination, and green hydrogen production, the organisation is advancing solutions critical for a sustainable and prosperous future.
By aligning its operations with Saudi Arabia’s Vision 2030, ACWA Power is playing a pivotal role in transforming the Kingdom’s energy landscape and setting a global standard for addressing climate change and meeting growing energy demands responsibly. The company is working to implement 70% of the Kingdom’s National Renewable Energy Programme (NREP), led by the Public Investment Fund, transforming Saudi Arabia into a hub of green energy innovation.
ACWA Power’s impact extends beyond environmental sustainability. In 2023, the company generated an estimated total of 30,000 jobs in Saudi Arabia (direct and indirect, permanent and temporary). By 2030, ACWA Power plans to triple its business and generate a total of 200,000 jobs in the Kingdom, demonstrating how sustainable energy initiatives can be a powerful engine for economic development.
Find out more about Innovation & Disruption Campaign
