ACWA Power Holding Company Overview
Pro stress-test →ACWA Power is a global developer, investor, co-owner and operator of power generation and desalinated water production plants with presence in 15 countries, managing assets under management (AUM) value of US$124.4 billion with capacity to generate 97.9 GW of power and produce 9.8 million cubic meters of desalinated water daily. In January 2026, the company rebranded from ACWA Power to Acwa, marking its transition from a regional Saudi Arabian developer to a global infrastructure platform managing over US$115 billion in assets.
Strategic Profile
Pro stress-test →Acwa announced a strategic goal to double its assets under management to US$250 billion by 2030, focusing on large-scale green hydrogen, next-generation desalination, and renewable energy storage. The Public Investment Fund (PIF) of Saudi Arabia holds 44% shareholding, reinforcing Acwa's pivotal role in achieving the Kingdom's Vision 2030 energy transition goals. The company is on course to net zero by 2050, with a commitment to reduce emissions intensity by 50% and achieve more than 70% renewable capacity by 2030.
Competitive Landscape
Pro stress-test →ACWA Power operates across 14 countries with portfolio comprising renewable energy, water desalination, green hydrogen, and conventional energy projects. Key competitors include regional power developers (Middle East/Africa focused) and global utilities like EDF, NextEra Energy in renewables. Acwa's competitive advantages include world-record tariffs in solar and desalination, integrated develop-invest-operate model, and strategic Saudi PIF partnership for project access.
Industry Context
ACWA Power Holding Company operates in Energy Infrastructure & Utilities.
Key facts
Founded: 2004 · Headquarters: Riyadh, Saudi Arabia · Employees: 4,000+ · Revenue: $1.97B · Market cap: $35.4B