ACWA Power

Acwa Power sells its stake in a 60MW photovoltaic power plant in Bulgaria
The Karadzhalovo power plant, which is the largest single-site PV plant in Bulgaria, generated 85.56 GWh of carbon-neutral energy in 2019
ACWA Power consortium achieves $650mn financial close for Jubail 3A IWP
The water purchase agreement was signed on the 21st of May 2020 by Saudi Water Partnership Company (SWPC) in its capacity as the off taker of the project
Acwa Power signs financing agreements for the 900MW phase of MBR solar park
The financing for the project is based on the principles of limited recourse project financing with the senior debt provided by a number of international, regional and local banks along with a project recourse mezzanine tranche committed by a regional bank
ACWA Power partners with Shanghai Electric as EPC contractor for delivery of the 5th phase of the Mohammed Bin Rashid Solar Park
The Power Purchase Agreement for the project was signed in April 2020 between Dubai Electricity and Water Authority and ACWA Power, achieving a world-record solar energy tariff for 1.6953 cents per kilowatt hour
ACWA Power says it is on course for $10bn investments target
The company is also still committed to a planned initial public offering (IPO)
Acwa Power acquires 4.99% of Samsung C&T’s share in Hajr Electricity Production Company
ACWA Power’s stake in Hajr Electricity Production Company will increase from 17.5% to 22.49% following the partial acquisition of Samsung C&T’s equity

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