ACWA Power’s business portfolio to double in 5 years: CEO

The size of ACWA Power Co.’s business portfolio doubled during the last three years, CEO Marco Arcelli stated. He expects it to double again over the coming five years, as the company proceeds with achieving its mission on a larger scale and with a larger impact.

“What we have achieved so far in 2025 is a testimony to the size of our operations and the resilience of our business model and long-term partnerships,” Arcelli added, in a statement, commenting on financial results for Q2 2025.

“Our growing portfolio, backed by frameworks like our strategic partnership with the Public Investment Fund, as well as our ambitious expansion into new markets, and other long-term strategic agreements for future energy transition programs, are pillars that embody our commitment to ensuring cleaner and more sustainable future,” he continued.

ACWA Power earlier reported a 2% decrease in H1 2025 net profit to SAR 909 million, from SAR 926.8 million in the year-earlier period. The company’s net profit fell 23.6% in Q2 2025 to SAR 481.8 million, Argaam’s data showed.