Tag: ACWA

ACWA Power to develop floating solar power projects in Indonesia

Acwa Power, a Saudi energy company, has been awarded a contract to construct two floating solar photovoltaic (PV) power projects from Indonesia’s state-owned utility PT Perusahaan Listrik Negara (PLN). The agreement covers the 50 MWac floating solar project Singkarak in addition to the 60 MWac Saguling project.

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ACWA Power to construct 1.5 GW wind power project in Uzbekistan

ACWA Power, a Saudi energy company, has inked an agreement with Uzbekistan’s Ministry of Energy to develop a 1.5 GW onshore wind project in the Karakalpakstan region. The project is anticipated to reach financial close by the end of 2023 and will involve an investment of $2.4 billion. As per the company’s statement, by the first quarter of 2026, the project is anticipated to be operational.

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ACWA and Hassan partner to develop 1.1 GW wind project in Egypt

ACWA Power, a Saudi energy company, and Hassan Allam Holdings, an Egyptian engineering firm, have signed a project agreement to develop a 1.1 GW wind project. The wind project will be constructed in Egypt’s Gulf of Suez and Gabal el Zeit region and will cost $1.5 billion. The project is scheduled to be financially closed by the third quarter of 2024 and operational by the end of 2026.

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