ACWA POWER Co.

ACWA POWER Co. (أكوا باور) is a Saudi Arabian utility company specializing in the development, ownership, and operation of power generation and water desalination plants. The company is a key player in the global energy transition, with a strong focus on renewable energy, including solar, wind, and green hydrogen. It also operates conventional power plants and water desalination facilities. Headquartered in Riyadh, ACWA Power is listed on the Saudi Stock Exchange (Tadawul) under ticker 2082.

ACWA Power generates revenue primarily through long-term power purchase agreements (PPAs) and water purchase agreements (WPAs) with government entities and large off-takers. These contracts provide stable, predictable cash flows over 20-30 years. The company's revenue is derived from capacity payments (fixed availability fees) and energy/water output payments. Key segments include renewables (solar, wind), conventional power (gas, oil), and desalination. Recent financials show revenue of SAR 2.02 billion in Q1 2026, with net income of SAR 344.76 million.

ACWA Power operates in the utilities sector, specifically within diversified utilities, competing with regional and global players like ENGIE, Marubeni, and Saudi Electricity Company. The company is a market leader in the Middle East and North Africa (MENA) region for independent power projects (IPPs) and water desalination. Its competitive advantages include a strong project pipeline, government backing, and expertise in large-scale renewable and green hydrogen projects. The company's high EV/EBITDA (34.61) reflects its growth premium and long-term contract visibility.

ACWA Power's primary customers are government entities and state-owned utilities in Saudi Arabia and other MENA countries, which purchase electricity and desalinated water under long-term agreements. The company also serves industrial off-takers. Key geographic markets include Saudi Arabia, the UAE, Egypt, Morocco, South Africa, and Vietnam. ACWA Power is expanding into Central Asia and other emerging markets, targeting countries with growing power and water demand. Its projects often support national renewable energy targets and water security initiatives.

An auto-generated descriptive profile based on company data, for informational purposes only.