ACWA Power assets

No. of Assets Total Investment Cost (USD million) Total Investment Cost (3 million) Contracted Power (MW) Contracted Water ('000 m3/ day) Contracted Green Hydrogen (Ktons/annum) BESS MWh (Gross) Operational capacity (MW) Operational Capacity ('000 m3/ day) Under construction capacity (MW) Under construction capacity ('000 m3/ day)
Total operational assets 52 52,515 196,932 33,238 5,594 73 33,238 5,594
Total assets under construction & partially operational 24 29,190 109,462 23,606 2,051 223 2,598 800 22,806 2,051
Total assets in the advanced development 18 15,482 58,056 12,390 410 2,654
Grand total portfolio 94 97,187 364,450 69,234 8,054 223 5,325 34,038 5,594 22,806 2,051
Additions during 2024 13 12,448 46,679 14,163 410 ‑1,193 4,041 76 6,874 742

Fully operational assets

Project Name Country No. of Assets Total Investment Cost (3 million) ACWA Power Effective ShareACWA Power’s effective share as at 31 December 2024. PowerAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (MW) WaterAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. ('000 m3/day) Green HydrogenAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (Ktons/ annum) BESS MWh (Gross) Operational capacityContracted capacity. Contract Technology PCOD (Actual / Expected)/Status Control (EAI/SUB)Operational capacity includes fully operational projects and under‑construction projects' capacity that has achieved partial commercial operations. Accounting Offtaker
(MW) ('000 m3/day)
Shuaibah IWPP KSA 1 9,188 30.00% 900 880 900 880 PWPA–BOO–20 YR MSF Q1 2010 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Shuaibah Expansion IWP KSA 1 874 30.00% 150 150 WPA–BOO‑20 YR SWRO Q4 2009 EAI Operating lease Saudi Water Partnership Co. (SWPC)
Petro‑Rabigh IWSPP KSA 1 4,466 69.00% 360 134 360 134 WECA–BOO–25 YR SWRO Q2 2008 SUB Operating lease Petro‑Rabigh Petrochemical Complex (PRC)
Petro‑Rabigh (Phase 2) IWSPP KSA 0 3,689 69.00% 160 54 160 54 WECA‑BOO‑25 YR SWRO Q1 2018 SUB Operating lease Petro‑Rabigh Petrochemical Complex (PRC)
Marafiq IWPP KSA 1 11,561 20.00% 2,744 800 2,744 800 PWPA–BOOT–20 YR MED Q4 2010 EAI Finance lease Tawreed (a subsidiary of Marafiq)
Rabigh IPP KSA 1 9,398 40.00% 1,204 1,204 PPA–BOO–20 YR Oil Q2 2013 EAI Operating lease Saudi Electricity Company (SEC)
Barka 1 IWPP Oman 1 1,556 41.91% 427 91 427 91 PWPA‑BOO‑9 YR MSF Operational when acquired, Acquisition Aug 2010 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
CEGCO Assets Jordan 1 1,759 40.93% 366 366 PPA‑BOO‑15 YR Natural Gas Operational when acquired, Acquisition July 2011 SUB Operating lease National Electric Power Company (NEPCO)
Hajr IPP KSA 1 10,219 22.49% 3,927 3,927 PPA–BOO–20 YR Natural Gas Q1 2015 EAI Operating lease Saudi Electricity Company (SEC)
Barka 1 Expansion IWP Oman 1 199 41.91% 45 45 WPA‑BOO‑8.2 YR SWRO Q2 2014 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Noor I CSP IPP Morocco 1 3,153 73.13% 160 160 PPA‑BOOT‑25 YR CSP ‑ Parabolic Q1 2016 SUB Finance lease Moroccan Agency for Solar Energy
Bokpoort CSP IPP South Africa 1 1,939 20.40% 50 50 PPA‑BOO‑20 YR CSP ‑ Parabolic Q1 2016 EAI Operating lease Eskom Holdings
Rabigh 2 IPP KSA 1 5,854 50.00% 2,060 2,060 PPA‑BOO‑20 YR Natural Gas Q1 2018 EAI Operating lease Saudi Electricity Company (SEC)
Kirikkale CCGT IPP Turkey 1 3,488 69.60% 950 950 Merchant market Natural Gas Q3 2017 EAI Operating lease NA (Merchant market)
Khalladi Wind IPP Morocco 1 655 26.01% 120 120 PPA‑BOO‑20 YR Wind Q2 2018 EAI Operating lease Industrial companies (captive PPAs)
Barka 1 Phase II Expansion IWP Oman 1 298 41.91% 57 57 WPA‑BOO‑4.25 YR SWRO Q1 2016 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Noor II CSP IPP Morocco 1 4,125 75.00% 200 200 PPA‑BOOT‑25 YR CSP ‑ Parabolic Q2 2018 SUB Finance lease Moroccan Agency for Solar Energy
Noor III CSP IPP Morocco 1 3,233 75.00% 150 150 PPA‑BOOT‑25 YR CSP ‑ Tower Q4 2018 SUB Finance lease Moroccan Agency for Solar Energy
Shuaa Energy PV IPP UAE 1 1,222 24.99% 200 200 PPA‑BOO‑25 YR PV Q1 2017 EAI Finance lease Dubai Electricity and Water Authority (DEWA)
Salalah 2 IPP ‑ Existing Oman 1 629 27.00% 273 273 PPA‑BOO‑15 YR Natural Gas Operational when acquired, Acquisition Q2 2015 EAI Finance lease Oman Power and Water Procurement Co. (OPWP)
Salalah 2 IPP ‑ Greenfield Oman 1 1,687 27.00% 445 445 PPA‑BOO‑15 YR Natural Gas Q1 2018 EAI Operating lease Oman Power and Water Procurement Co. (OPWP)
Hassyan IPP UAE 1 12,140 26.95% 2,400 2,400 PPA‑BOO‑25 YR Natural Gas 45214 EAI Finance lease Dubai Electricity and Water Authority (DEWA)
Ibri IPP Oman 1 3,683 44.90% 1,509 1,509 PPA‑BOO‑15 YR Natural Gas Q2 2019 EAI Operating lease Oman Power and Water Procurement Co. (OPWP)
Sohar 3 IPP Oman 1 3,686 44.90% 1,710 1,710 PPA‑BOO‑15 YR Natural Gas Q2 2019 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Zarqa IPP Jordan 1 1,834 60.00% 485 485 PPA‑BOO‑25 YR Natural Gas Q3 2018 SUB Operating lease National Electric Power Company (NEPCO)
NOOR PV1 IPP Morocco 3 788 75.00% 135 135 PPA–BOT–20 YR PV Q4 2018 EAI Finance lease Moroccan Agency for Solar Energy
Mafraq PV IPP Jordan 1 265 51.00% 50 50 PPA‑BOO‑20 YR PV Q4 2018 SUB Operating lease National Electric Power Company (NEPCO)
Shuaibah 2 IWP KSA 1 1,155 100.00% 250 250 WPA‑BOO‑25 YR SWRO Q2 2019 EAI Operating lease Saudi Water Partnership Co. (SWPC)
Risha PV IPP Jordan 1 254 51.00% 50 50 PPA‑BOO‑20 YR PV Q4 2019 EAI Operating lease National Electric Power Company (NEPCO)
BenBan 1 Egypt 1 281 32.81% 50 50 PPA‑BOO‑25 YR PV Q3 2019 EAI Operating lease Egyptian Electricity Transmission Company (EETC)
Ben Ban 2 Egypt 1 300 32.81% 50 50 PPA‑BOO‑25 YR PV Q3 2019 EAI Operating lease Egyptian Electricity Transmission Company (EETC)
Ben Ban 3 Egypt 1 113 18.05% 20 20 PPA‑BOO‑25 YR PV Q3 2019 EAI Operating lease Egyptian Electricity Transmission Company (EETC)
Salalah IWP Oman 1 600 50.10% 114 114 WPA‑BOO‑20 YR SWRO Q1 2011 SUB Operating lease Oman Power and Water Procurement Co. (OPWP)
Sakaka PV IPP KSA 1 1,133 70.00% 300 300 PPA–BOO–25 YR PV Q2 2020 EAI Finance lease Saudi Power Procurement Company (SPPC)
Rabigh 3 IWP KSA 1 2,576 70.00% 600 600 PWPA–BOO–25 YR SWRO Q4 2021 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Al Dur Phase II IWPP Bahrain 1 4,125 60.00% 1,500 227 1,500 227 PWPA–BOO–20 YR SWRO Q2 2022 EAI Operating lease Electricity and Water Authority (Bahrain)
Taweelah IWP UAE 1 3,278 40.00% 909 909 WPA–BOO–30 YR SWRO Q1 2024 EAI Finance lease Emirates Water and Electricity Company (EWEC)
UAQ IWP UAE 1 2,988 40.00% 682 682 PPA–BOOT–35 YR SWRO Q3 2022 EAI Finance lease Etihad Water and Electricity (EWE)
Ibri 2 PV IPP Oman 1 1,481 50.00% 500 500 PPA‑BOO‑15 PV Q3 2021 EAI Operating lease Oman Power and Water Procurement Co. (OPWP)
Jazlah IWP KSA 1 2,468 40.20% 600 600 WPA‑BOO‑25 YR SWRO Q1 2023 EAI Finance lease Saudi Water Partnership Co. (SWPC)
DEWA V PV UAE 1 2,108 24.90% 900 900 PPA‑BOO‑25 YR PV Q4 2023 EAI Operating lease Dubai Electricity and Water Authority (DEWA)
Kom Ombo Egypt 1 611 100.00% 200 200 PPA‑BOO‑25 YR PV Q2 2024 SUB Operating lease Egyptian Electricity Transmission Company (EETC)
Sudair PV IPP KSA 1 3,465 35.00% 1,500 1,500 PPA‑BOO‑25 YR PV Q4 2024 EAI Operating lease Saudi Power Procurement Company (SPPC)
Jazan IGCC KSA 1 45,000 25.00% 3,800 3,800 PSA‑OOT‑25 YR Oil Q3 2021 EAI Financing ARAMCO
Noor Energy 1 UAE 1 17,145 24.99% 950 950 PPA‑BOO‑35 YR CSP Q1 2024 EAI Operating lease Dubai Electricity and Water Authority (DEWA)
Mingyang 1&2 Wind China 1 413 80.00% 100 60 100 PPA‑BOO‑20 YR Wind Q4 2024 EAI
Sungrow 3 Solar China 3 356 85.00% 133 13 133 PPA‑BOO‑30 YR PV Q4 2024 EAI
Sirdarya CCGT IPP Uzbekistan 1 3,814 51.00% 1,500 1,500 PPA‑BOOT‑25 YR Natural Gas Q4 2024 EAI Finance lease National Electric Grid of Uzbekistan (NEGU)
Ar Rass PV IPP KSA 1 1,688 40.10% 700 700 PPA‑BOO‑25 YR PV Q3 2024 EAI Operating lease Saudi Power Procurement Company (SPPC)
Total 52 196,932 33,238 5,594 0 73 33,238 5,594

Under construction & partially operational assets

Project Name Country No. of Assets Total Investment Cost (3 million) ACWA Power Effective ShareACWA Power’s effective share as at 31 December 2024. PowerAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (MW) WaterAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. ('000 m3/day) Green HydrogenAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (Ktons/annum) BESS MWh (Gross) Operational capacityContracted capacity. Under construction capacity Contract Technology PCOD (Actual / Expected)/Status Control (EAI/SUB)Operational capacity includes fully operational projects and under‑construction projects' capacity that has achieved partial commercial operations. Accounting Offtaker
(MW) ('000 m3/day) (MW) ('000 m3/day)
Redstone CSP IPP South Africa 1 2,715 36.00% 100 100 PPA‑BOO‑20 YR CSP ‑ Tower Q4 2024 EAI Operating lease Eskom Holdings
The Red Sea Project KSA 1 5,966 50.00% 340 33 1,228 340 33 25 YR PV, BESS, ICE, RO, district cooling Q1 2025 EAI Finance lease The Red Sea Development Company (TRSDC)
Shuaibah 3 IWP KSA 1 3,113 47.48% 600 600 WPA‑BOO‑25 YR SWRO Q2 2025 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Bash Wind IPP Uzbekistan 1 2,588 65.00% 500 500 PPA‑BOOT‑25 YR Wind Q1 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Dzhankeldy Wind IPP Uzbekistan 1 2,468 65.00% 500 500 PPA‑BOOT‑25 YR Wind Q1 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Neom Green Hydrogen KSA 1 31,875 33.33% 3,883 220 600 3,883 APA‑BOO‑30 YR PV+Wind 2027 EAI Operating lease Air Products
Karatau Wind IPP Uzbekistan 1 439 100.00% 100 100 PPA‑BOOT‑25 YR Wind Q1 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Shuaibah 1&2 PV IPP KSA 2 8,250 35.01% 2,631 600 2,031 PPA‑BOO‑35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Laylaa PV IPP KSA 1 400 40.10% 80 80 PPA‑BOO‑30 YR PV Q1 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Rabigh 4 IWP KSA 1 2,516 45.00% 600 600 WPA‑BOO‑25 YR SWRO Q1 2026 EAI Finance lease Saudi Water Partnership Co. (SWPC)
Azerbaijan Wind IPP Azerbaijan 1 1,073 100.00% 240 240 PPA‑BOO‑20 YR Wind Q4 2025 SUB Operating lease Azerenerji OJSC
Ar Rass 2 PV IPP KSA 1 5,299 50.10% 2,000 2,000 PPA‑BOO‑35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Saad 2 PV IPP KSA 1 3,000 50.10% 1,125 1,125 PPA‑BOO‑35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Al Kahfah PV KSA 1 3,900 50.10% 1,425 1,425 PPA‑BOO‑35 YR PV Q4 2025 EAI Operating lease Saudi Power Procurement Company (SPPC)
Hassyan IWP UAE 1 3,428 20.40% 818 818 WPA‑BOO‑30 YR SWRO 46428,0 EAI Finance lease Dubai Electricity and Water Authority (DEWA)
Taibah 1 IPP KSA 1 6,675 40.00% 1,934 1,934 PPA‑BOO‑25 YR CCGT Q2 2027 EAI Finance lease Saudi Power Procurement Company (SPPC)
Qassim 1 IPP KSA 1 6,619 40.00% 1,896 1,896 PPA‑BOO‑25 YR CCGT Q2 2027 EAI Finance lease Saudi Power Procurement Company (SPPC)
Riverside Solar Uzbekistan 1 2,381 100.00% 200 770 200 PPA‑BOOT‑25 YR PV Q3 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Haden Solar PV KSA 1 4,375 35.10% 2,000 2,000 PPA‑BOO‑25 YR PV Q1 2027 EAI Operating lease Saudi Power Procurement Company (SPPC)
Al‑Muwaih Solar KSA 1 4,427 35.10% 2,000 2,000 PPA‑BOO‑25 YR PV Q1 2027 EAI Operating lease Saudi Power Procurement Company (SPPC)
Al‑Khushaybi PV KSA 1 3,457 35.10% 1,500 1,500 PPA‑BOO‑25 YR PV Q1 2027 EAI Operating lease Saudi Power Procurement Company (SPPC)
Uzbekistan GH2 Uzbekistan 1 375 80.00% 52 3 52

HPA‑BOO‑15 years

PPA‑ BOO‑25 years

Wind Q1 2025 SUB Operating lease UZKIMYOIMPEKS LLC
Suez Wind Egypt 1 4,125 100.00% 1,100 1,100 PPA‑BOO‑25 YR Wind Q4 2026 SUB Operating lease Egyptian Electricity Transmission Company (EETC)
Total 24 109,462 23,606 2,051 223 2,598 800 0 22,806 2,051

Advanced development

Project Name Country No. of Assets Total Investment Cost (3 million) ACWA Power Effective ShareACWA Power’s effective share as at 31 December 2024. PowerAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (MW) WaterAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. ('000 m3/day) Green HydrogenAdvanced development projects represent projects that have signed purchase agreements or have been officially awarded to ACWA Power. These projects are subject to financial close and the information disclosed in the table may be subject to change. (Ktons/annum) BESS MWh (Gross) Contract Technology PCOD (Actual / Expected)/Status Control (EAI/SUB)Operational capacity includes fully operational projects and under‑construction projects' capacity that has achieved partial commercial operations. Accounting Offtaker
Kungrad 1 Wind IPP Uzbekistan 1 3,998 51.00% 500 325 PPA‑BOOT‑25 YR Wind Q2 2028 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Kungrad 2 Wind IPP Uzbekistan 1 2,501 51.00% 500 325 PPA‑BOOT‑25 YR Wind Q2 2028 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Kungrad 3 Wind IPP Uzbekistan 1 2,501 51.00% 500 325 PPA‑BOOT‑25 YR Wind Q2 2028 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Saguling Floating PV IPP Indonesia 1 225 100.00% 60 PPA‑BOO‑25 YR PV Q4 2026 SUB Operating lease PT Perusahaan Listrik Negara (PLN)
Singkarak Floating PV IPP Indonesia 1 188 100.00% 50 PPA‑BOO‑25 YR PV Q4 2026 SUB Operating lease PT Perusahaan Listrik Negara (PLN)
Sazagan Solar 1 Uzbekistan 1 2,644 51.00% 500 770 PPA‑BOOT‑25 YR PV Q3 2025 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Sazagan Solar 2 Uzbekistan 1 3,229 51.00% 500 770 PPA‑BOOT‑25 YR PV Q4 2026 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Nukus 2 Wind IPP Uzbekistan 1 985 100.00% 200 139 PPA‑BOO‑25 YR WInd Q2 2026 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Gijduvan Wind IPP Uzbekistan 1 1,349 100.00% 300 PPA‑BOO(T)‑XX YR WInd Q1 2027 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Kungrad 4 Wind IPP Uzbekistan 1 2,188 100.00% 500 PPA‑BOO(T)‑XX YR WInd Q2 2027 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Aral 1 Wind Uzbekistan 1 4,055 100.00% 1,000 PPA‑BOO(T)‑25 YR Wind Q2 2031 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Aral 2 Wind Uzbekistan 1 4,055 100.00% 1,000 PPA‑BOO(T)‑25 YR Wind Q2 2031 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Aral 3 Wind Uzbekistan 1 3,963 100.00% 1,000 PPA‑BOO(T)‑25 YR Wind Q2 2031 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Aral 4 Wind Uzbekistan 1 3,963 100.00% 1,000 PPA‑BOO(T)‑25 YR Wind Q2 2031 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Aral 5 Wind Uzbekistan 1 3,896 100.00% 1,000 PPA‑BOO(T)‑25 YR Wind Q2 2031 SUB Operating lease National Electric Grid of Uzbekistan (NEGU)
Rumah 1 KSA 1 7,875 35.00% 1,890 PPA‑BOO‑25 YR CCGT Q2 2027 EAI Operating lease Saudi Power Procurement Company (SPPC)
Nairyah 1 KSA 1 7,875 35.00% 1,890 PPA‑BOO‑25 YR CCGT Q2 2027 EAI Operating lease Saudi Power Procurement Company (SPPC)
Hamriyah IWP UAE 1 2,569 45.00% 410 WPA‑BOO‑30 YR SWRO Q2 2028 EAI Operating lease Sharjah Electricity, Water and Gas Authority (SEWA)
Total 18 58,056 12,390 410 2,654