ACWA Power, established in 2004 and headquartered in Riyadh, Saudi Arabia, is a developer, investor, co-owner, and operator of a portfolio of power generation and water desalination plants. The company specializes in delivering electricity and desalinated water, focusing on renewable energy, conventional power, and green hydrogen projects. ACWA Power's portfolio includes power plants, desalinated water facilities, and green hydrogen plants, with an investment value of USD 85.7 billion, and a capacity of 55.1 GW of power and 8 million m³/day of desalinated water. Operating in 13 countries across the Middle East, Africa, and Central and Southeast Asia, ACWA Power is committed to driving the transition to a carbon-free, greener future, impacting millions of lives by supplying essential utility services.
The RMB 20 million facility will focus on research and development in solar photovoltaics, wind energy, green hydrogen, energy storage and seawater desalination.
With a daily capacity of approximate 300,000 cubic metres, the plant will cater to the growing drinking water demand in Baku and the Absheron Peninsula.
ACWA Power announces two initiatives at COP16, including a donation to the Global Coral R&D Accelerator Platform Foundation and a project to provide water access to over 1,500 households in Wadi Hajar, Makkah region.
ACWA Power secures agreements across financing, renewable energy, and R&D projects in GCC, China, Central Asia, and North Africa, focusing on green energy, storage, and desalination.
The Hamriyah Independent Water Project will produce 272,000 m3/day of desalinated capacity by Q2 2027, reaching full capacity of 410,000 m3/day by Q2 2028.
ACWA Power to explore the development of major green hydrogen project with a first phase of a capacity of 200,000 tonnes per year powered by 4GW of renewable energy.