ACWA Power adds 10.5GW renewable power generation capacity in H1 2024

One of ACWA Power’s power turbines

ACWA Power Co. continued to add new projects to its portfolio during the first half of 2024, including the addition of a record 10.5GW of renewable power generation capacity.

ACWA Power has successfully reached financial close on three key projects, namely the Taiba and Qassim Combined Cycle Gas Turbine (CCGT) projects in Saudi Arabia, and the Hassyan IWP project in the UAE, with a total investment of SAR 18 billion for all three, the company said in a statement.

On the operations front, ACWA Power is seeing a steady stream of projects coming fully or partially live. The 1,500MW Sudair solar PV in Saudi Arabia, Kom Ombo 200MW solar PV in Egypt, and the 909,000m³/day Al Taweelah water desalination plant in the UAE, are now operating at full capacity, according to the statement.

Additionally, the 1,500MW Sirdarya CCGT in Uzbekistan is currently generating 918MW, with the remaining capacity expected to come into force this year, the company added.