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ACWA Power's Overview

Total employees2111
HeadquartersRiyadh
Founded

ACWA Power International is a Saudi-listed company headquartered in Riyadh, Saudi Arabia. It is a prominent developer, investor, and operator of a diverse portfolio of power generation (conventional and renewable), desalinated water, and green hydrogen production plants. With a strong presence across the Middle East, Africa, Central Asia, and Southeast Asia, ACWA Power is committed to delivering electricity and desalinated water reliably and responsibly at low cost. The company plays a crucial role in the socio-economic development of the communities it serves and is a key enabler of the global transition towards a sustainable energy future.

Where is ACWA Power's Headquarters?

HQ Function

The headquarters in Riyadh serves as the central command for ACWA Power's global operations, including strategic planning, project development oversight, corporate finance, legal affairs, human resources, and stakeholder management.

Notable Features:

Located within the modern Business Gate complex, the headquarters features contemporary architecture and state-of-the-art facilities designed to support a global workforce and foster collaboration. It is designed with sustainability principles in mind, reflecting the company's core business.

Work Culture:

ACWA Power's headquarters fosters a dynamic, multicultural, and results-driven work environment. The culture emphasizes innovation, technical excellence, collaboration on large-scale international projects, and a strong commitment to sustainability and community impact.

HQ Significance:

The Riyadh headquarters is strategically significant, positioning ACWA Power at the heart of Saudi Arabia's Vision 2030, which heavily focuses on economic diversification and renewable energy development. It facilitates close engagement with key government entities, financial institutions, and partners in the region.

Values Reflected in HQ: The headquarters' design, functionality, and strategic location embody ACWA Power's core values of safety, people, performance, integrity, and stakeholder-centricity. It represents the company's commitment to excellence, innovation, and leadership in sustainable energy and water solutions.

Location:

ACWA Power International maintains a robust global presence, supporting a comprehensive range of functions across multiple continents. These include project origination and development, engineering, procurement, and construction (EPC) management, operations and maintenance (O&M) of power and water plants, project finance, and corporate support services. Their international teams are dedicated to expanding the portfolio of power generation (including solar, wind, and gas), water desalination, and green hydrogen projects across the Middle East, Africa, Central Asia (e.g., Uzbekistan, Kazakhstan), and Southeast Asia (e.g., Vietnam, Indonesia), adapting to diverse market conditions and regulatory landscapes to deliver sustainable solutions.

Street Address:

Business Gate, Building D2, Airport Road, P.O. Box 22616

City:

Riyadh

State/Province:

Riyadh Province

Country:

Saudi Arabia

ACWA Power's Global Presence

Dubai, United Arab Emirates

Address: ACWA Power, Jumeirah Emirates Towers, 29th Floor, Sheikh Zayed Road, P.O. Box 30933, Dubai, UAE

Supports ACWA Power's extensive portfolio in the UAE and the wider MENA region, facilitating partnerships, project execution, and stakeholder engagement critical for regional energy and water security initiatives.

New Cairo, Egypt

Address: ACWA Power Egypt, Cairo Business Plaza, North 90th Street, New Cairo, Egypt

Drives ACWA Power's strategic growth in North Africa, supporting Egypt's renewable energy targets by managing local project development, operations, and partnerships within the country.

Beijing, China

Address: ACWA Power China, Unit 05A, 20F, China World Office 1, No.1 Jianguomenwai Avenue, Chaoyang District, Beijing, China

Strengthens ACWA Power's strategic ties with Chinese partners and suppliers, leveraging China's expertise and manufacturing capabilities in the renewable energy and infrastructure sectors.

Buying Intent Signals for ACWA Power

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of ACWA Power

As of April 2025, ACWA Power' leadership includes:

Mohammad Abunayyan - Chairman
Marco Arcelli - Chief Executive Officer
Raad Al-Saady - Vice Chairman and Managing Director
Abdulhameed AlMuhaidib - Chief Financial Officer
Thomas Brostrom - Chief Investment Officer
Kashif Rana - Chief Portfolio Management Officer
Bart Boesmans - Chief Technology Officer

Investors of ACWA Power

ACWA Power has been backed by several prominent investors over the years, including:

Public Investment Fund (PIF) of Saudi Arabia (Major Shareholder)
Institutional and Public Shareholders (via Tadawul - Saudi Stock Exchange)

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

Over the past year, ACWA Power has undergone significant executive leadership changes, including the appointment of a new CEO and a new Chief Investment Officer, reflecting its strategic focus on expanding its global renewable energy and green hydrogen portfolio. These changes aim to strengthen the company's investment capabilities and operational leadership.

Departures

Clive Turton, Clive Turton departed from his role as Chief Investment Officer.

New Appointments:

Marco Arcelli, Marco Arcelli appointed as Chief Executive Officer, succeeding Paddy Padmanathan who moved to the Board.
Thomas Brostrom, Thomas Brostrom appointed as new Chief Investment Officer to spearhead ACWA Power's global investment initiatives.

Technology (Tech Stack) used by ACWA Power

Discover the tools ACWA Power uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

ACWA Power Email Formats and Examples

ACWA Power International typically utilizes a standard corporate email format. The most commonly observed format is [first_initial][last_name]@acwapower.com. While variations might exist for specific departments or regions, this structure is prevalent for professional communications.

flast@acwapower.com (e.g., jdoe@acwapower.com). Another possible format is first.last@acwapower.com (e.g. john.doe@acwapower.com).

Format

marcelli@acwapower.com

Example

80%%

Success rate

News and media

acwapower.comMay 14, 2024

ACWA Power Reports SAR 295 Million Net Profit Attributable to Equity Holders of the Parent for Q1 2024

ACWA Power announced its financial results for the first quarter of 2024, reporting a net profit attributable to equity holders of the parent of SAR 295 million. The company highlighted strong operating performance and continued progress on its extensive project pipeline....more

ReutersMay 2, 2024

Saudi Arabia's ACWA Power to develop second phase of Uzbekistan green hydrogen project

ACWA Power signed agreements to develop the second phase of a significant green hydrogen project in Uzbekistan. This expansion aims for a total production capacity of 500,000 tonnes of green ammonia annually, underscoring ACWA Power's commitment to pioneering green hydrogen development in Central Asia....more

acwapower.comApril 30, 2024

ACWA Power Achieves Financial Close for Three Solar PV Projects in Saudi Arabia

ACWA Power announced the successful financial close for the Ar Rass 2, Saad 2, and Al Kahfah Solar PV Independent Power Projects (IPPs) in Saudi Arabia. These projects have a combined generation capacity of 4.55GW and represent a total investment of SAR 12.75 billion (USD 3.4 billion), significantly contributing to Saudi Arabia's National Renewable Energy Program....more

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