ACWA Power Co 2019 AR2
The report highlights ACWA Power's strategic and financial performance for the fiscal year 2019, during which the company expanded its portfolio to 56 assets and achieved a gross power capacity of 30.9 GW and water desalination capacity of 5.3 million m³ per day. The company made significant progress in its transition to low-carbon energy, with renewable assets representing 15% of its power capacity and 25% of its gross project cost. Key achievements included connecting the 300 MW Sakaka Solar PV plant to the Saudi national grid and achieving financial close for the Taweelah IWP in the UAE. Additionally, the company launched the 'Reliability of Supply Framework' and the 'Galvanize' organizational transformation program to support its long-term growth ambitions.
Company: ACWA Power Co
Sector: Energy utilities
Country: Saudi Arabia
Year: 2019
Type: AR2
Pages: 77
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ACWA Power Co
Annual Report
The report highlights ACWA Power's strategic and financial performance for the fiscal year 2019, during which the company expanded its portfolio to 56 assets and achieved a gross power capacity of 30.9 GW and water desalination capacity of 5.3 million m³ per day. The company made significant progress in its transition to low-carbon energy, with renewable assets representing 15% of its power capacity and 25% of its gross project cost. Key achievements included connecting the 300 MW Sakaka Solar PV plant to the Saudi national grid and achieving financial close for the Taweelah IWP in the UAE. Additionally, the company launched the 'Reliability of Supply Framework' and the 'Galvanize' organizational transformation program to support its long-term growth ambitions.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees