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ACWA Power

ACWA is a developer, investor and operator of a portfolio of power generation and desalinated water production plants. Read more

Paddy Padmanathan's photo - President & CEO of ACWA Power

President & CEO

Paddy Padmanathan

CEO Approval Rating

86/100

Founded:

2002

Status:

PrivateIndependent Company

ACWA POWER TOP COMPETITORS OR ALTERNATIVES

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Aquatech is the top competitor of ACWA Power. Aquatech is headquartered in Canonsburg, Pennsylvania, and was founded in 1981. Aquatech competes in the Residential Services field. Aquatech generates 35% the revenue of ACWA Power.

Tradebe is perceived as one of ACWA Power's biggest rivals. Tradebe was founded in Badalona, Other} in 1984. Tradebe operates in the Waste Management Services industry. Compared to ACWA Power, Tradebe generates $129.1M more revenue.

Metito Overseas is seen as one of ACWA Power's top competitors. Metito Overseas is a Private company that was founded in Dubai, Dubai Emirate in 1958. Metito Overseas competes in the Specialty Chemicals industry. Metito Overseas has 2,879 fewer employees vs. ACWA Power.

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ACWA Power Acquisitions

No recent acquisitions found related to ACWA Power

ACWA Power Funding History

Since ACWA Power was founded in 2002, it has participated in 6 rounds of funding. In total ACWA Power has raised $680.7M. ACWA Power's last funding round was on Jan 2021 for a total of $125.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Jan 2021
$125M
Minority Stake
Nov 2020
--
Minority Stake
Jul 2018
--
Debt
Aug 2016
$160M
Debt
Aug 2015
$295.7M

Since ACWA Power was founded in 2002, it has participated in 6 rounds of funding. In total ACWA Power has raised $680.7M. ACWA Power's last funding round was on Jan 2021 for a total of $125.0M

ACWA Power Investments

No recent investments found related to ACWA Power

ACWA Power News

June 2, 2021Biofuels Digest

ACWA Power signs MOU with Neutral Fuels on regenerative Red Sea tourism project

In Saudi Arabia, ACWA Power, has signed a Memorandum of Understanding (MoU) with Neutral Fuels for fu... See more »
June 1, 2021Gulf Oil and Gas

ACWA Power Signs MoU with Neutral Fuels to Supply Red Sea Project

ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated wate... See more »
May 27, 2021TechCentral

ACWA Power eyes next South African electricity auction

ACWA Power plans to bid in South Africa's next green electricity auction. Interest from the Saudi-bas... See more »
May 26, 2021African Review

South Africa's largest renewable plant begins construction

ACWA Power, a leading Saudi developer, investor and operator of power generation and water desalinati... See more »
May 12, 2021Power Technology

Acwa Power launches $1.3bn sukuk

Saudi Arabia-based utilities developer and investor Acwa Power has launched a maiden Islamic bond (su... See more »
May 10, 2021ESI Africa

SA's largest renewable energy project Redstone CSP achieves financial close

ACWA Power, the Saudi developer, investor and operator of power generation and water desalination pla... See more »

ACWA Power Press Releases

August 2, 2017Press Release Rocket

ACWA Power Selects Pioneer Solutions Trading and Risk Management System

Pioneer Solutions, a leading provider of commodity trading and risk management solutions, today annou... See more »
March 15, 2017PR Newswire Asia

ET Energy Starts Construction of a 60.9MW Solar Power Project in Jordan

NANJING, China, March 15, 2017 /PRNewswire/ -- ET Solutions AG, a subsidiary of ET Energy, a global l... See more »
December 11, 2016TotalUAE

Dewa's Hassyan clean coal plant closes US$2.47bn funding deal

Hassyan Energy has confirmed that it has completed a US$2.47 billion financing package to build its H... See more »
July 12, 2016TotalUAE

Rabigh 1's new financing makes big savings for power company

New financing terms for Saudi Arabia's first independent power project (IPP) will result in savings o... See more »
December 15, 2015Business Wire

Solar Photovoltaic (PV) in Bulgaria, Market Outlook to 202 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/84s86q/sola... See more »
October 20, 2015PR NEWSWIRE

OPIC Partners With SolarReserve And ACWA Power To Develop Landmark South African Solar Energy Facility

WASHINGTON, Oct. 20, 2015 /PRNewswire/ -- As part of Secretary John Kerry's Climate and Clean Energy ... See more »
January 21, 2015PRWEB

ACWA Power secures 550MW of solar power in MENA

The Saudi power & water company is paving its way as the leading solar developers in the Middle East ... See more »

ACWA Power Videos

Social Media

ACWA Power Headquarters

Airport Road Building 1, Ground Floor, Business Gate Office Complex

Riyadh, Riyadh11416

966-11-2835555

Driving Directions »

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ACWA Power Summary

ABOUT

Overview

ACWA is a developer, investor and operator of a portfolio of power generation and desalinated water production plants. ACWA Power was founded in 2002. ACWA Power's headquarters is located in Riyadh, Riyadh, SA 11416. It has raised 680.7M in 6 rounds. ...

CEO

ACWA Power's President & CEO, Paddy Padmanathan, currently has an approval rating of 86%. ACWA Power's primary competitors are Aquatech, Tradebe & Metito Overseas.

Frequently Asked Questions about ACWA Power

  1. When was ACWA Power founded?

    ACWA Power was founded in 2002
  2. Who is ACWA Power's CEO?

    ACWA Power's CEO is Paddy Padmanathan
  3. How much revenue does ACWA Power generate?

    ACWA Power generates $500.9M in revenue
  4. How much funding does ACWA Power have?

    ACWA Power has historically raised $680.7M in funding
  1. Where is ACWA Power's headquarters?

    ACWA Power's headquarters is in Riyadh Riyadh, SA
  2. How many employees does ACWA Power have?

    ACWA Power has 3,500 employees
  3. What sector does ACWA Power operate in?

    ACWA Power is in Electric, Water & Gas Utilities
  4. Who are ACWA Power's competitors?

    ACWA Power's top competitors are Aquatech, Tradebe, Metito Overseas