Riyadh, Saudi Arabia: ACWA Power, the world’s largest privately owned desalination company, a leader in energy transformation, and the first to develop large-scale green hydrogen projects, announced that it has received government approval granting it the exclusive right to export Saudi-produced green hydrogen and its derivatives to global markets, including green ammonia, green methanol, and green fuel.

This approval comes amidst the rapidly growing global demand for clean energy, and as the Kingdom seeks to leverage its competitive advantage in renewable energy resources and transform them into sustainable, long-term export revenues. This approval also supports the Kingdom's strategic objectives of establishing itself as a leading global hub for clean energy exports and accelerating the development of a diversified, low-emission economy, in line with the goals of Vision 2030.

Under this agreement, ACWA Power was also tasked with developing projects to generate electricity from renewable energy sources, transmit it, and export it to European and Arab markets, thereby contributing to enhancing regional energy security and enabling the Kingdom to export clean, highly competitive electricity to targeted markets.

On this occasion, Dr. Samir Sarhan, CEO of ACWA Power, said, “This government approval reflects the Kingdom’s confidence in ACWA Power’s ability to develop and implement large-scale strategic infrastructure projects, and reinforces our responsibility to contribute to establishing the Kingdom’s position as a leading global hub for clean energy exports. Exporting green hydrogen and electricity generated from renewable energy sources represents the next stage in the Kingdom’s leadership in the energy sector, opening new horizons for economic growth, contributing to enhanced global energy security, and supporting transition efforts.”

In the energy sector. We take pride in our role in supporting this ambitious national direction, and we remain committed to developing sustainable infrastructure that delivers long-term value for the Kingdom and its partners around the world.”

This appointment builds upon ACWA Power’s established leadership in renewable energy and water desalination, and its position as a pioneer in developing large-scale green hydrogen projects, including its role in developing the NEOM Green Hydrogen Project, one of the world’s largest green hydrogen projects. This appointment also reinforces the company’s position as a strategic national partner in developing infrastructure that supports the Kingdom’s objectives of economic diversification, industrial development, and consolidating its global leadership in the energy sector.
ACWA Power's portfolio currently comprises 111 assets in operation, under development, or under construction across 16 countries, with total assets under management of SAR 468.9 billion (USD 125 billion), reflecting a scope and scale of projects matched by only a limited number of private sector developers globally.

Dr. Samir Sarhan added, “This mandate represents an expansion of ACWA Power’s role in contributing to building the Kingdom’s future economy based on clean energy, and establishes a new phase in the Kingdom’s energy export strategy. Our experience in developing, financing, constructing, and operating large-scale renewable energy and green hydrogen projects provides the necessary operational foundation for this mission. We look forward to working closely with government entities, strategic partners, and international stakeholders to develop an integrated export infrastructure that connects the Kingdom’s abundant renewable energy resources with the growing global demand for clean electricity.”

This mandate further strengthens ACWA Power’s long-term growth strategy by adding a new sovereign dimension to its diversified infrastructure development platform, which includes renewable energy, green hydrogen, electricity transmission, and power infrastructure, thereby enhancing the Kingdom’s position as a reliable supplier of sustainable energy solutions to global markets.

About Aqua Company

ACWA Power (trading symbol: 2082) is a Saudi Arabian company listed on the Saudi Stock Exchange (Tadawul). It is the world's largest privately owned desalination company and a pioneer in green hydrogen, as well as a key player in the global energy transition. Founded and registered in 2004 in Riyadh, Saudi Arabia, the company employs over 4,000 people and currently operates in 16 countries across the Middle East, Africa, Central Asia, and Southeast Asia. As of July 2026, its project portfolio comprised 111 projects either in operation, in advanced development, or under construction, with a total investment value of SAR 468.9 billion (USD 125 billion). The company has a power generation capacity of up to 98 gigawatts (of which 52.3 gigawatts are from renewable energy sources), in addition to managing a desalination capacity of 9.7 million cubic meters per day. The power and water produced from ACWA Power's assets are supplied on a bulk basis to meet the needs of government entities, public utilities, and industrial sectors, under long-term purchase agreements within utility contract and public-private partnership models.

For more information, please visit the company's website via the link.

www.acwapower.com

For media communication

Hala Mohsen

Director of Media Affairs and External Communications

hmohsen@acwapower.com

media.inquiries@acwapower.com

-I finish-

#Company Data

Disclaimer regarding the content of press releases
The content of this press release is provided by a third-party provider. We do not assume any responsibility for, nor do we have any control over, such content. This content is provided on an "as is" and "as available" basis and is not edited in any way. Neither we, nor our affiliates, will be liable for the accuracy, endorsement, or completeness of any opinions, views, information, or materials contained in this content.
This press release is provided for informational purposes only; the content does not constitute legal, investment, or tax advice, nor does it offer any opinion on the suitability, value, or profitability of any particular portfolio or investment strategy. Neither we nor our affiliates will be liable for any errors or inaccuracies in the content, or for any actions you take based on that content. You expressly agree and acknowledge full responsibility for your use of the information contained in this press release.
To the extent permitted by applicable law, Refinitiv, its parent company, subsidiaries, affiliates, relevant shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors (collectively, the 'Refinitiv Parties') shall not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages; This includes, but is not limited to, losses of profits, savings, or revenues, whether due to negligence, tort, contract, or other theories of liability, even if the parties to Refinitiv were advised of the possibility of any such damages or losses occurring or actually anticipated them.