ACWA Power Leads Saudi Arabia's Low-Carbon Transition

Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia is fast-tracking its transformation into a global hub for low-carbon energy, with ACWA Power leading the charge in the kingdom's ambitious renewable energy rollout.

The Riyadh-based utility developer is on track to deliver 130 gigawatts (GW) of renewable capacity by 2030 globally, supported by nearly 20 GW already in the domestic pipeline. Of this, 2.5 GW is operational, while another 17 GW is under construction across the country.

Since 2023, ACWA Power has accelerated its growth momentum, with 30 GW of projects currently under development worldwide--28 GW of them within Saudi Arabia. Internationally, the company is replicating its model in fast-emerging markets such as Uzbekistan and parts of Africa, underscoring its role in supporting global decarbonization.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for related projects from ACWA Power.

Saudi Arabia's clean energy push is anchored in solar photovoltaic (PV), wind power, combined-cycle plants, and energy-storage technologies. With solar potential estimated at three times that of Europe and strong wind resources along its western coast, the kingdom is well-placed to scale its renewable portfolio. Green hydrogen, including the landmark NEOM project, is also expected to position Saudi Arabia as a major exporter, leveraging its low-cost renewable base to meet international demand.

Subscribers can click here to read more information on the NEOM green hydrogen project.

Industrial Info is tracking more than 60 renewable-energy projects across Saudi Arabia, worth more than US$45 billion. Subscribers can click here for a full list.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).