Arabian Co for Water and Power Development, also known as ACWAPower, is a Saudi Arabian company that specializes in the development of renewable energy projects. The company was established in 2004 and has since then become a leading player in the renewable energy industry in the Middle East and North Africa region.

ACWAPower is a subsidiary of the ACWA Group, a conglomerate that operates in various sectors including water and power, real estate, and infrastructure. The company is headquartered in Riyadh, Saudi Arabia, and has offices in Dubai, Istanbul, and Cairo.

ACWAPower's core business is the development, construction, and operation of power plants that utilize renewable energy sources. The company has a diversified portfolio of projects that includes both conventional and renewable energy sources. The conventional power projects include gas-fired and oil-fired power plants, while the renewable energy projects include solar, wind, and hydroelectric power plants.

One of ACWAPower's main areas of focus is the development of solar energy projects. The company has a strong track record in this sector, having developed some of the largest solar power plants in the world. In 2019, ACWAPower completed the development of the Noor Energy 1 solar project in Dubai, which has a capacity of 950 MW and is one of the largest solar power plants in the world. The company is also involved in the development of other large-scale solar projects in the region, including the Sakaka solar project in Saudi Arabia, which has a capacity of 300 MW.

ACWAPower's expertise in the solar energy sector is reflected in its use of advanced technologies and innovative solutions. The company has developed a proprietary solar tracking system that maximizes the efficiency of solar panels by following the movement of the sun throughout the day. This technology has been used in many of ACWAPower's solar projects, resulting in higher energy yields and lower costs.

In addition to solar energy, ACWAPower is also involved in the development of other renewable energy sources. The company has developed wind power projects in Jordan and Egypt, and is currently exploring opportunities in the hydroelectric power sector.

ACWAPower's commitment to sustainability is reflected in its approach to project development. The company places a strong emphasis on environmental and social responsibility, and works closely with local communities to ensure that its projects have a positive impact. ACWAPower also prioritizes the use of local resources and suppliers, contributing to the development of local economies and creating job opportunities for local residents.

ACWAPower's success in the renewable energy sector has been recognized through numerous awards and accolades. In 2020, the company was named the Middle East Renewables Company of the Year by Energy Intelligence, a leading provider of energy news and analysis. The award recognized ACWAPower's leadership in the renewable energy sector and its contribution to the development of sustainable energy solutions in the region.

Looking ahead, ACWAPower is well-positioned to continue its growth and expansion in the renewable energy sector. The company has a strong pipeline of projects in various stages of development, and is constantly exploring new opportunities in emerging markets. With its expertise, innovation, and commitment to sustainability, ACWAPower is poised to play a leading role in the transition to a more sustainable energy future in the Middle East and North Africa region.