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January 2, 2026

ACWA Power

ACWA Power and Bapco Energies have entered into a Joint Development Agreement for a major solar power plant situated in Saudi Arabia's Eastern Province. Announced at the Saudi–Bahraini Coordination Council meeting in December 2025, the project’s initiative is to support Bahrain's national energy needs and accelerate its shift to renewables, while reinforcing its role as a regional energy export hub.
ACWA Power has secured $3.4 billion in financing to develop two major gas-fired power plants in Saudi Arabia, adding 3.6 GW to the grid as electricity demand grows.

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