Founded in 2004, ACWA Power is a Saudi national champion and global leader in energy transition. We are the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen. With 9.5 million m³/day of desalinated water and 78.8 GW of power capacity under our portfolio, we provide power and clean water, reliably and responsibly to millions of people around the world.
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ACWA Power launched its USD 1.2 billion IPO in 2021 and is listed on the Saudi Stock Exchange (Tadawul). Backed by the Public Investment Fund (PIF), our portfolio includes investments in solar PV, solar CSP, wind, reverse osmosis, battery storage and green hydrogen.
Aligned with Saudi Arabia’s Vision 2030 targets, ACWA Power is leveraging its renewable energy expertise to build a cleaner, more sustainable world. As the Kingdom moves towards becoming a hub for sustainability and innovation, ACWA Power is committed to diversifying the economy, and helping the countries in which we operate. We are investing in green hydrogen production, with landmark projects and global export plans already underway. Aligned with Saudi Arabia's Vision 2030 targets, ACWA Power is leveraging its renewable energy expertise along with the Kingdom's unrivalled natural resources, to build a cleaner, more sustainable future.
ACWA Power is helping build a viable solution to power life on earth –one that will help reduce the impact of climate change and champion sustainability. With our entry into new markets, we are working towards decarbonising the global south and towards building a planet where people and environment thrive together.
ACWA Power is co-developing the USD 8.4 billion NEOM Green Hydrogen Company (NGHC), a joint venture between ACWA Power, Air Products and NEOM. Located in northwest Saudi Arabia, the plant will produce 600 tonnes/day of carbon-free hydrogen, powered entirely by renewable energy, which will be converted into 1.2 million tonnes of green ammonia annually. Commercial operations are expected to begin in 2026 and the aim is to supplying green ammonia to global markets, especially in Europe and Asia. Learn more.
In 2023, ACWA Power broke ground on the first phase of a 3,000 tonne-per-year green hydrogen project in Uzbekistan which will be developed in two phases. Once the second phase is complete, 2.4 GW of wind energy will power the production of 500,000 tonnes of green ammonia per year. Uzbekistan is ACWA Power's second-largest market in terms of investments. Learn more.
ACWA Power and German company Securing Energy for Europe (SEFE) aim to build a hydrogen bridge between Saudi Arabia and Germany, starting with the supply of 200,000 tonnes of green hydrogen annually by 2030. The collaboration aims to produce and supply green hydrogen to Europe, marking a pivotal step in strengthening energy cooperation between Saudi Arabia and Germany. Learn more.
In 2025, ACWA Power signed key MoUs with Italian entities, some of which looked into exploring collaboration and joint investments to establish a supply chain of green hydrogen to Italy, Austria and Germany. Learn more.
ACWA Power signed an agreement towards building a green hydrogen project in Egypt, with an investment of more than USD 4 billion. The first phase of the green hydrogen project has a capacity to produce of 600,000 tonnes-per-year of green ammonia. With the intention of scaling up to a second phase, the potential capacity of the plant will be 2 million tonnes-per-year. Learn more.
In collaboration with PLN and Pupuk Indonesia, ACWA Power is to establish the country's largest green hydrogen facility, which is expected to start commercial operations in 2026. The plant will run on 600MW of solar and wind power and will produce 150,000 tonnes of green ammonia per year. The cost of the project is estimated to be over USD1 billion. Learn more.
In 2024, ACWA Power signed an MOU agreement with the Tunisian Government 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. Learn more.
