ACWA Power Co 2022 IR
The report highlights ACWA Power's strong financial and operational performance in 2022, with adjusted net profit growing by 32% to SAR 1,575 million and parent operating cash flow increasing by 158% to SAR 4,162 million. The company made significant progress in its energy transition journey, achieving financial close for the USD 8.5 billion NEOM Green Hydrogen Project and adding 5,440 MW of renewable capacity. ACWA Power also advanced its decarbonization efforts by converting the Hassyan IPP from coal to gas and restructuring Shuaibah 3 IWPP into a reverse osmosis plant, aiming for net-zero emissions by 2050.
Company: ACWA Power Co
Sector: Energy utilities
Country: Saudi Arabia
Year: 2022
Type: IR
Pages: 151
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ACWA Power Co
Integrated Annual Report
The report highlights ACWA Power's strong financial and operational performance in 2022, with adjusted net profit growing by 32% to SAR 1,575 million and parent operating cash flow increasing by 158% to SAR 4,162 million. The company made significant progress in its energy transition journey, achieving financial close for the USD 8.5 billion NEOM Green Hydrogen Project and adding 5,440 MW of renewable capacity. ACWA Power also advanced its decarbonization efforts by converting the Hassyan IPP from coal to gas and restructuring Shuaibah 3 IWPP into a reverse osmosis plant, aiming for net-zero emissions by 2050.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women in Management
Workplace Fatalities
Net Zero Target
Employees