ACWA Power: A $230 billion ambition

In:

Power, Renewables, Waste and water

Region:

Middle East & Africa

Sean Keating

Editor

Thomas Hopkins

Deputy Editor

ACWA Power has signed some significant financings in 2022 and may start 2023 on a high if its NEOM deal closes in the coming weeks. But its ambitions far outstrip past deal volumes. Given the energy it has put into building its project pipeline over the past 12 months, it appears to be very serious about building a $230 billion portfolio by 2030.

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