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Acwa Power, Elm, Saptco, Yamama Cement report 2Q earnings
Acwa Power saw its net income fall 23.6% y-o-y to SAR 481.8 mn in 2Q 2025
Acwa Power-led consortium secures financing for two IPP projects
Acwa Power and Saudi Electricity Company (Sec) will each hold a 35% stake, while Kepco will obtain the remaining 30%
Acwa Power is reportedly moving ahead with its second mega green hydrogen plant in Saudi
The new plant will have an electrolysis capacity of 4 GW and produce 400k tons of green hydrogen annually
Acwa’s Saad 2 solar plant begins partial production
The total capacity of the project is about 1.13 GW
Acwa plots Saudi-Europe clean energy corridor
Multiple agreements and MoUs inked with European partners for a green hydrogen and renewables export corridor.
Acwa Power raises SAR 6.9 bn from rights issue + steps into Senegal with largest desalination project in West Africa
The renewables giant will run a rump offering of about 1.3 mn unsubscribed shares
Acwa Power CEO Marco Arcelli on the SAR 7.1 bn rights issue
“A rights issue allowed us to raise significant capital while prioritizing our existing shareholders,” he said
Acwa Power consortium lands over SAR 30 bn of power purchase agreements for solar, wind projects from SPPC
The agreements cover 5 solar and 2 wind projects
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