Energy, Oil & Gas

Acwa secures support from eight lenders for 2 GW Türkiye solar projects

Saudi-listed ACWA has secured support from eight international lenders for the financing of its 2 GW Sivas and Taşeli solar photovoltaic (PV) projects in Türkiye, marking progress in its renewable energy expansion under a Saudi-Turkish intergovernmental agreement....

Energy, Oil & Gas

Acwa inks $478m water purchase deal for Phase II of Hassyan desal project

Dubai Electricity and Water Authority (Dewa) said it has signed a AED1.76 billion ($478 million) water purchase agreement with Saudi utility major Acwa for the second phase of its SWRO desalination project at Hassyan complex in Dubai. On completion, the emirate’s desalinated water production capacity will reach 735 MIGD by 2029. ...

Energy, Oil & Gas

Acwa reports stable nine-month net income; delays impact results

Saudi-listed Acwa, the world’s largest private water desalination company, a leader in the energy transition, has reported a stable nine-month net income as Q3 performance gained momentum....

Energy, Oil & Gas

EIG, Acwa create Plenum Power to invest in US power infrastructure

EIG, a leading institutional investor in the global energy and infrastructure sectors, and Saudi-listed Acwa have agreed to establish Plenum Power, with $4 billion initial capital, to invest in US power infrastructure....