2024 highlights – our portfolio

• GRI 203‑1 Infrastructure investments and services supported

On track to reach assets under management of USD 250 billion by 2030.

As at 31 December 2024, ACWA Power is the largest private power producer in the Middle East, the largest private water desalination company in the world (based on total gross capacities in GW and m³/day) and a first mover in green hydrogen with a portfolio of 94 power generation, water desalination and green hydrogen production projects in operation, under construction and in advance development stages. It has a portfolio both within KSA and internationally in the Middle East, Africa, Central Asia, Southeast Asia, and China.

As at 31 December 2024, ACWA Power's portfolio consisted of a total investment cost of 1 364.5 billion, comprising 94 projects, in 13 countries, with a mix of renewable energy and storage, water desalination, green hydrogen, and flexible generation (conventional fuel) projects.

ACWA Power’s assets are either Operational, Under Construction, or in Advanced Development.