Country
Saudi Arabia
Sector
Energy
Intelligence Type
Corporate
Status / Stage
Expanding
Confidence
Confirmed
Latest Development
ACWA Power is Saudi Arabia’s leading renewable energy and water developer — developing Egypt’s 10GW Suez Wind Power Project (Phase 1: $1.1bn, AfDB $170m financing) and multiple solar and water projects across Africa and the Middle East.
Company Profile
Company TypePublic
HeadquartersRiyadh, Saudi Arabia
Countries of OperationEgypt (Suez Wind 10GW); Morocco; South Africa; Kenya; Saudi Arabia; UAE; Uzbekistan
Founded2004
Websiteacwapower.com
Key ExecutivesMarco Arcelli (CEO)
Employees~4,500
Revenue~$2.5bn (2024)
Market Capitalization~$25bn (Tadawul August 2026)
Key Developments
Egypt Suez Wind (10GW, Phase 1 $1.1bn): AfDB $170m financing December 2024, under construction 2025-2026. Gulf sovereign backing gives ACWA a cost-of-capital advantage over Western IPPs.
Key Risks
Egypt single-country concentration. Regulatory and currency risk in emerging markets.
What Happens Next
Phase 1 Egypt Suez Wind completion (2027-2028) and Phase 2 sanctioning.
Commercial Opportunity Intelligence
Opportunity SignalSaudi Arabia's most commercially active energy company in Africa — pipeline extends beyond Egypt.
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Energy Capital Power June 2025; AfDB December 2024
Source DateDecember 2024–August 2026