Two years on from the launch of Acwa Power’s 2030 strategy, and the Saudi firm is on a clear growth trajectory. Its gains are underpinned by Saudi Arabia’s transformative domestic power and water growth strategy, coupled with ambitious international expansion plans.
The firm’s board approved the “Acwa Power 2.0” strategy in June 2023, with CEO Marco Arcelli saying “we aim to triple our assets under management [AUM] to about USD 250 billion by 2030 and aspire to not only sustain our global leadership in water desalination but also emerge as one of the top worldwide renewable energy firms, including in green hydrogen production.” (CONTINUED - 1357 WORDS)
