ACWA Power
IPOPowering sustainable infrastructure globally
Riyadh, Saudi Arabia · Founded 2005
- Headquarters
- Riyadh
- Employees
- 1001–5000
- Founded
- 2005
- Business Model
- B2G
- Website
- pif.gov.sa
About
ACWA Power is a Saudi-headquartered developer, investor, co-owner, and operator of a portfolio of power generation, renewable energy, and desalinated water production plants. Founded in 2005 by Mohammad Abunayyan, the company serves state utilities and industries through long-term offtaker contracts under utility services outsourcing and Public-Private Partnership models. ACWA Power is publicly listed on the Saudi Exchange (Tadawul) and has expanded into green hydrogen and green ammonia as part of Saudi Arabia's energy transition, with PIF (Public Investment Fund) as a major shareholder.
Summary
ACWA Power is a Climate Tech company based in Riyadh, Saudi Arabia, founded in 2005.
Funding History
Oct 2021
Acquisitions
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