ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed up as the Energy and Water Partner for COP29.
At COP29, ACWA Power will use its platform to raise awareness of the critical need for sustainable energy and water solutions. Engaging with international stakeholders, ACWA Power will look to leverage its partnership to collaborate with global industry peers, potential partners, and climate advocates. Through dialogue and the sharing of ideas, ACWA Power hopes to drive progress in the energy transition along with Official partners of COP29, who will also take the opportunity to showcase their sustainability initiatives.
Reflecting on the partnership, Marco Arcelli, CEO of ACWA Power, stated, “COP29 provides all of us who are driving the energy transition to advocate for progressive policies necessary for scaling renewable energy and water security solutions. Through participation in COP29, ACWA Power strengthens its global partnerships, positioning itself as a leader not only in renewable energy but also in creating a sustainable, equitable future for all.
ACWA Power has set ambitious goals, such as achieving net-zero emissions by 2050—ten years ahead of Saudi Arabia's national target. The company also plans to add 85% of its power capacity from renewable sources in the next five years, setting a high industry benchmark. Leading projects like the NEOM Green Hydrogen Project highlight ACWA Power's innovative solutions that not only combat climate change but also create economic opportunities worldwide.
Established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 13 countries in the Middle East, Africa, Central Asia and Southeast Asia. The company’s portfolio comprises 90 projects in operation, advanced development, or construction with an investment value of USD 94.3 billion. Across its operations, it can generate 65 GW of power and manage 8.0 million m3/day of desalinated water.
About ACWA Power
ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 13 countries in the Middle East, Africa, Central Asia and Southeast Asia. ACWA Power’s portfolio comprises 90 projects in operation, advanced development, or construction with an investment value of SAR 355.47 billion (USD94.7 billion) and the capacity to generate 65 GW of power and manage 8.0 million m3/day of desalinated water per day. This energy and water is delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models. Learn more: www.acwapower.com
Media contacts:
Yahya Hamidaddin, Executive Director – Media Affairs & External Comms -YHamidaddin@acwapower.com
Mohammed Al Hasan, Media Lead – Media Affairs & External Comms – Moalhasan@acwapower.com