Veolia, a global leader in environmental services, has signed three strategic memorandums of understanding in water technologies and hazardous waste management with major players in Saudi Arabia's industrial development.
Saudi-listed Acwa has signed an MoU with Veolia in Paris to optimise seawater desalination, combining technical expertise to improve SWRO plant design, operations and equipment selection while reducing energy consumption.
Saudi-listed Acwa has signed an MoU with Korea Western Power (KOWEPO) to explore renewable energy opportunities in Uzbekistan. Signed in Tashkent, the agreement covers potential cooperation in renewable energy, energy storage and related infrastructure projects.
Saudi-listed Acwa has announced that its Board of Directors has recommended a cash dividend distribution of approximately SAR 352.6 million ($94.5 million) for the financial year ended December 31, 2025, as the company continues to focus on delivering sustainable shareholder value.
Acwa receives Saudi government approval for exclusive exports of green hydrogen derivatives, including green ammonia and methanol, while developing renewable electricity export projects to European and Arab markets.
Acwa has signed a Public-Private Partnership (PPP) and Power Purchase Agreement (PPA) for the development, financing, construction and operation of the N’diago 230 MW Combined Cycle Gas Turbine (CCGT) power plant in Mauritania.
The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.
Acwa Power Philippines, a subsidiary of Acwa Power Company, has signed a contract of lease (COL) with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site within New Clark City, marking a milestone in the Philippines' clean energy and industrial transformation agenda.
Acwa Power Philippines, a subsidiary of Acwa, has signed a Joint Development Agreement (JDA) with Emerging Power (EPI), the clean energy arm of Nickel Asia Corporation (NAC), to jointly pursue up to 5,000 MW of renewable energy and gas-fired generation capacity across the Philippines.
ACWA reported Q1 2026 results with SAR455 billon ($121 billion) asset base across 109 assets. Gross capacity reached 95.7GW, including 52.3GW renewable. Net profit fell to SAR345 million, reflecting lower development income compared with a strong Q1 2025.
