ACWA Power Company Overview
Pro stress-test →ACWA Power is a developer, investor, and operator of power generation and water desalination plants with presence in 14 countries across the Middle East, Africa, and Central and Southeast Asia. With a portfolio of over 100 projects worth USD 107.5 billion, the company operates 78.85 GW of power capacity and produces 9.5 million m³/day of desalinated water.
Strategic Profile
Pro stress-test →The company rebranded in January 2026 as Acwa, marking its transition to a global infrastructure platform managing over US$115 billion in assets, with a strategic goal to double assets under management to US$250 billion by 2030, focusing on green hydrogen, desalination, and renewable energy storage. The Saudi Public Investment Fund holds a 44% stake, reinforcing the company's role in achieving Vision 2030 energy transition goals.
Competitive Landscape
Pro stress-test →Acwa is among the world's largest private water desalination companies and a first-mover into green hydrogen. The company competes with regional utilities and international infrastructure developers across power generation, desalination, and renewable energy. Its competitive advantages include first-mover status in green hydrogen, strong PIF backing, diversified geographic presence, and long-term PPA contracts with state utilities.
Industry Context
ACWA Power Company operates in Power Generation, Water Desalination, and Renewable Energy Infrastructure.
Key facts
Founded: 2004 · Headquarters: Riyadh, Saudi Arabia · Employees: 4,175 · Revenue: $1.7B · Market cap: $140.53B SAR