ACWA Power is a leading developer, investor, and operator of power generation and desalinated water production plants. Since its establishment in 2004, the company has been making a significant impact by providing essential power and water across 3 continents. Its dedication to driving the transition to a carbon-free, greener future has solidified its position in the energy and renewable energy industries. The Saudi Arabia-based firm recently secured a $80.00M post-IPO debt investment on 16 April 2024, with the backing of Bank of China.
Acwa
Developer, investor and operator of power generation and desalinated water production plants
Founded 2004
Saudi Arabia
2955 employees
Post-IPO Debt
Total: $12.34B
Energy, Renewable Energy
Saudi Arabia
2955 employees
Post-IPO Debt
Total: $12.34B
Energy, Renewable Energy
General Information
Company Name
Acwa
Founded Year
2004
Location
Saudi Arabia
Saudi Arabia
Founders / Decision Makers
Employees
2955
Industries
Energy, Renewable Energy
Funding Stage
Post-IPO Debt
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Saudi Arabia Market
Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.
New Partnership
Sep 30, 2026
Acwa is partnering with @Ewa_ksa to help develop long-term skills and capability in Saudi Arabia.
About Acwa
Business keywords: power generation, water production, desalination, green energy
Funding Rounds & Investors (9)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Post IPO Debt | SAR11.40B | 7 |
|
01 May 2024 |
| Post IPO Debt | $80.00M | 1 |
Bank of China
|
16 Apr 2024 |
| Post IPO Debt | $100.00M | 1 |
|
25 Jun 2023 |
| Post IPO Debt | $123.00M | 7 |
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|
25 Apr 2023 |
| Debt Financing | $114.00M | 5 |
|
23 Apr 2021 |
| Debt Financing | SAR468.93M | 1 |
|
05 Jan 2021 |
| Corporate Round | Undisclosed | 1 |
|
01 Dec 2020 |
| Debt Financing | $49.39M | 1 |
|
01 Jul 2019 |
| Corporate Round | Undisclosed | 1 |
|
25 Jun 2019 |
Acwa Alternatives & Competitors
View All Alternatives
Acwa vs
-logo.jpg "Lekela Power (an Infinity Power company)"){kind=logo}
Lekela Power (an Infinity Power company)
The Netherlands
Lekela is a renewable power generation company.
Private Equity
22 employees
Energy, Industrial
Acwa vs
YLEM Energy
United Kingdom
Experts in flexible, smart energy generation and storage solutions that reduce costs, and lower carb...
58 employees
Energy, Renewable Energy
Acwa vs
VPI
United Kingdom
With a capacity of 3.5GW, we are one of the leading power companies in the UK and Ireland.
223 employees
Energy, Renewable Energy
FAQ About Acwa
Developer, investor and operator of power generation and desalinated water production plants
Acwa was founded in 2004.
Acwa is headquartered in Saudi Arabia.
Acwa operates in Energy and Renewable Energy. Its work centres on power generation, water production, desalination and green energy.
Acwa has approximately 2955 employees.
Acwa has completed 9 funding rounds, raising a total of $12.34B. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Acwa include Lekela Power (an Infinity Power company), YLEM Energy, VPI , TerraForm Power, Oceanus Power & Water. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Acwa and Lekela Power (an Infinity Power company) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.
Source: BounceWatch company record for Acwa, https://bouncewatch.com/company/acwa-power, updated 9 May 2026. When citing, please name BounceWatch and link this page.
